Exhibit 11

IBIS TECHNOLOGY CORPORATION

STATEMENT RE:  COMPUTATION OF PER SHARE LOSS

	Years ended December 31,
	2005						2006				2007
	Diluted			Basic			Diluted		Basic		Diluted			Basic
Income (loss) from:
Continuing operations	$	(9,460,547	)	$	(9,460,547	)	$	404,885	$	85	$	(8,539,812	)	$	(8,539,812	)
Discontinued operations	215,242			215,242			—		—		—			—
Net income (loss)	(9,245,305		)	(9,245,305		)	404,885		85		(8,539,812		)	(8,539,812		)
Weighted average common shares outstanding	10,737,924			10,737,924			10,853,304		10,853,304		13,410,938			13,410,938
Potential common share equivalents	—						126,479				—
Weighted average shares outstanding	10,737,924						10,979,783				13,410,938
Earning (loss) per common share and share equivalents
Continuing operations	$	(0.88	)	$	(0.88	)	$	0.04	$	0.04	$	(0.64	)	$	(0.64	)
Discontinued operations	0.02			0.02			—		—		—			—
Net income (loss)	$	(0.86	)	$	(0.86	)	$	0.04	$	0.04	$	(0.64	)	$	(0.64	)