Actions Semiconductor Reports Third Quarter 2014 Results

 

ACTIONS SEMICONDUCTOR CO., LTD.

CONSOLIDATED CONDENSED STATEMENT OF OPERATIONS

(in thousands of U.S. dollars, except per share amounts)












Three months ended


Three months ended


Nine months ended


Nine months ended



September 30,


September 30,


September 30,


September 30,



2014


2013


2014


2013



(unaudited)


(unaudited)


(unaudited)


(unaudited)










Revenues:









   System-on-a-chip products


13,084


16,830


36,317


51,710

   Semiconductor product testing services


27


54


81


106

  Total revenues


13,111


16,884


36,398


51,816

Cost of revenues:









   System-on-a-chip products


(11,188)


(11,248)


(29,633)


(34,246)

   Semiconductor product testing services


(11)


(27)


(38)


(45)

Total cost of revenues


(11,199)


(11,275)


(29,671)


(34,291)

Gross profit


1,912


5,609


6,727


17,525

Other operating income


30


501


659


653

Operating expenses:









  Research and development


(10,667)


(6,547)


(24,057)


(19,909)

  General and administrative


(3,130)


(2,133)


(7,954)


(6,217)

  Selling and marketing


(556)


(447)


(1,574)


(1,443)

Total operating expenses


(14,353)


(9,127)


(33,585)


(27,569)

Loss from operations


(12,411)


(3,017)


(26,199)


(9,391)

Other income (expenses)


846


187


(1,651)


1,557

Dividend income from an other investment


-


-


423


493

Interest income


2,029


2,926


7,912


9,117

Interest expense


(87)


(128)


(383)


(352)

(Loss) income before income taxes, equity in net income (loss) of
equity method investees and non-controlling interest


(9,623)


(32)


(19,898)


1,424

Income tax credit (expense)


353


(197)


1,459


(295)

Equity in net income (loss) of equity method investees


27


77


234


(182)

Net (loss) income


(9,243)


(152)


(18,205)


947

Add: Net loss attributable to non-controlling interest


-


-


-


1

Net (loss) income attributable to Actions Semiconductor Co., Ltd.


(9,243)


(152)


(18,205)


948










Net (loss) income attributable to Actions Semiconductor Co., Ltd.









Basic (per share)


(0.023)


(0.000)


(0.044)


0.002

Diluted (per share)

(0.023)


(0.000)


(0.044)


0.002










Basic (per ADS)


(0.137)


(0.002)


(0.267)


0.014

Diluted (per ADS)


(0.137)


(0.002)


(0.267)


0.013










Weighted-average shares used in computation:









Basic


403,462,431


413,849,403


409,491,710


412,083,249

Diluted


403,462,431


413,849,403


409,491,710


425,687,178










Weighted-average ADS used in computation :









Basic


67,243,739


68,974,901


68,248,618


68,680,542

Diluted


67,243,739


68,974,901


68,248,618


70,947,863










Note: Share-based compensation recorded in each









expense classification above is as follows:









  Research and development


3


68


10


273

  General and administrative


1


22


5


54

  Selling and marketing


-


3


-


14

  Cost of revenues


-


-


-


49


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