EXHIBIT 11.1 MICROVISION, INC. COMPUTATION OF PRO FORMA LOSS PER SHARE YEAR ENDED DECEMBER 31 SIX MONTHS ENDED JUNE 30, 1995 1995 1996 Net loss $(2,943,600) $(1,098,900) $(1,332,300) ----------- ----------- ----------- Shares utilized in computing pro forma loss per share: Weighted average shares outstanding 3,461,145 3,461,145 3,461,145 Common stock equivalent shares outstanding during the period 475,584 475,584 475,584 Pro forma effect of conversation of: Series A Preferred Stock 770,170 680,935 859,776 7% Convertible Subordinated Notes due 1997 42,188 42,188 42,188 ----------- ----------- ----------- 4,749,087 4,659,852 4,838,693 ----------- ----------- ----------- ----------- ----------- ----------- Pro forma net loss per share $(0.62) $(0.24) $(0.28) ------ ------ ------