EXHIBIT 11.1
LANDEC CORPORATION
STATEMENT REGARDING COMPUTATION OF NET LOSS PER SHARE
(IN THOUSANDS, EXCEPT PER SHARE DATA)
SIX MONTHS
ENDED
YEARS ENDED OCTOBER 31, APRIL 30,
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1993 1994 1995 1995 1996
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Net loss.......................... $(4,116) $(4,355) $(2,759) $(1,923) $(1,515)
Shares used in calculating net
loss per share:
Weighted average share of common
stock outstanding.............. 519 522 542 541 4,713
SEC Staff Accounting Bulletin
Topic 4D....................... 640 640 640 640 --
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Total shares used in calculating
net loss per share............... 1,159 1,162 1,182 1,181 4,713
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Net loss per share................ $ (3.55) $ (3.75) $ (2.33) $ (1.63) $ (0.32)
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Shares used in calculating
supplemental net loss per share:
Weighted average shares of
common stock outstanding....... 542 541 4,713
Weighted average shares of the
assumed conversion of preferred
stock and promissory notes from
the date of issuance........... 6,633 6,519 3,996
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Total shares used in calculating
supplemental net loss per share.. 7,175 7,060 8,709
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Supplemental net loss per share... $ (0.38) $ (0.27) $ (0.17)
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