Exhibit 11

IBIS TECHNOLOGY CORPORATION

STATEMENT RE:  COMPUTATION OF PER SHARE LOSS

	Years Ended December 31,
	2003						2004						2005
	Diluted			Basic			Diluted			Basic			Diluted			Basic
Loss from:
Continuing operations	$	(3,852,162	)	$	(3,852,162	)	$	(5,641,172	)	$	(5,641,172	)	$	(9,460,547	)	$	(9,460,547	)
Discontinued operations	(17,597,627		)	(17,597,627		)	(5,277,369		)	(5,277,369		)	215,242			215,242
Net Loss	$	(21,449,789	)	$	(21,449,789	)	$	(10,918,541	)	$	(10,918,541	)	$	(9,245,305	)	$	(9,245,305	)
Weighted average common shares Outstanding	9,727,513			9,727,513			10,665,842			10,665,842			10,737,924			10,737,924
Potential common share equivalents	—						—						—
Weighted average shares outstanding	9,727,513						10,665,842						10,737,924
Earnings (loss) per common share and common share equivalents:
Continuing operations	$	(0.40	)	$	(0.40	)	$	(0.53	)	$	(0.53	)	$	(0.88	)	$	(0.88	)
Discontinued operations	(1.81		)	(1.81		)	(0.49		)	(0.49		)	0.02			0.02
Net loss	$	(2.21	)	$	(2.21	)	$	(1.02	)	$	(1.02	)	$	(0.86	)	$	(0.86	)

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