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EXHIBIT 11.1
SPINCYCLE, INC.
COMPUTATION OF HISTORICAL NET LOSS PER SHARE
(ALL AMOUNTS ACTUAL)
Historical Net Loss per Share (1)
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Fiscal Year Ended Fiscal Quarter Ended
December December March 22, March 21,
31, 1996 28, 1997 1998 1999
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Net loss applicable to holders of ($3,893,923) ($15,737,387) ($6,257,073) ($2,463,963)
common stock
Weighted average number of
common shares outstanding 33,162 38,127 27,763 37,038
Weighted average number of
common equivalent shares
outstanding (2) -- -- -- --
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Weighted average number of
common and common equivalent
shares outstanding 33,162 38,127 27,763 37,038
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Basic and diluted net loss per share ($117.42) ($412.76) ($225.37) ($66.53)
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(1) See discussion of computation of historical net loss per share in Note
2 to Financial Statements.
(2) Due to the Company's net losses to date, inclusion of common equivalent
shares in the computation of diluted net loss per share would be
antidilutive and therefore is not presented.