Exhibit 11.1
LANDEC CORPORATION
STATEMENT REGARDING COMPUTATION OF NET LOSS PER SHARE
(In thousands, except per share data)
Year Ended October 31,
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1996 1995 1994
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Net Loss $ (4,200) $ (2,759) $ (4,355)
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Shares used in calculating net loss per share:
Weighted average shares of common stock
outstanding 7,699 542 522
SEC Staff Accounting Bulletin Topic 4D - 640 640
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Total shares used in calculating net loss per 7,699 1,182 1,162
share ============ ============= ==============
Net loss per share $ (0.55) $ (2.33) $ (3.75)
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Shares used in calculating supplemental net loss per share:
Weighted average shares of common stock
outstanding 7,699 542
Weighted average shares of the assumed
conversion of preferred stock and
promissory notes from the date of issuance 1,998 6,633
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Total shares used in calculating supplemental net
loss per share 9,697 7,175
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Supplemental net loss per share $ (0.43) $ (0.38)
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