1
- --------------------------------------------------------------------------------
IBIS TECHNOLOGY CORPORATION
IBIS TECHNOLOGY CORPORATION
STATEMENT RE: COMPUTATION OF PER SHARE LOSS
EXHIBIT 11
TWELVE MONTHS ENDED
DECEMBER, 31,
------------------------------------------
1994 1995 1996
---- ---- ----
Net loss reported $(1,474,299) $(3,992,795) $ (840,116)
Preferred stock accretion (8,522) -- --
----------- ----------- ----------
Net loss as adjusted $(1,482,821) $(3,992,795) $ (840,116)
=========== =========== ==========
Primary and fully diluted loss per share:
Weighted average common shares 2,788,986 3,423,864 4,722,025
outstanding
Other(1) 30,071 -- --
----------- ----------- ----------
2,819,057 3,423,864 4,722,025
=========== =========== ==========
Net loss per common share $ (0.53) $ (1.17) $ (.18)
=========== =========== ==========
<FN>
- ----------
(1) Pursuant to Securities and Exchange Commission Staff Accounting Bulletin
No. 83, common stock issued for consideration below the IPO price of
$7.00 per share and stock options granted with exercise prices below the
IPO price during the twelve-month period preceding the date of the
filing of the registration statement have been included in the
calculation of common equivalent shares, using the Treasury stock
method, as if they were outstanding for the period prior to the IPO.