Actions Semiconductor Reports Second Quarter 2015 Results

 

ACTIONS SEMICONDUCTOR CO., LTD.

CONSOLIDATED CONDENSED STATEMENTS OF OPERATIONS

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












Three months ended


Three months ended


Six months ended


Six months ended



June 30,


June 30,


June 30,


June 30,



2015


2014


2015


2014



  (unaudited)  


  (unaudited)  


  (unaudited)  


  (unaudited)  










Revenues:









   System-on-a-chip products


13,667


11,948


24,114


23,233

   Semiconductor product testing services


16


27


46


54



13,683


11,975


24,160


23,287

Cost of revenues:









   System-on-a-chip products


(10,160)


(9,767)


(18,166)


(18,445)

   Semiconductor product testing services


(7)


(9)


(18)


(27)



(10,167)


(9,776)


(18,184)


(18,472)

Gross profit


3,516


2,199


5,976


4,815

Other operating income


1,526


150


1,586


629

Operating expenses:









  Research and development


(7,287)


(6,614)


(14,132)


(13,390)

  General and administrative


(2,222)


(2,787)


(4,271)


(4,824)

  Selling and marketing


(589)


(634)


(1,183)


(1,018)

Total operating expenses


(10,098)


(10,035)


(19,586)


(19,232)

Loss from operations


(5,056)


(7,686)


(12,024)


(13,788)

Other income (expenses) 


79


7


95


(2,497)

Dividend income from an other investment


488


423


488


423

Other-than-temporary impairment loss on an other investment


(117)


-


(117)


-

Interest income


1,674


2,803


3,320


5,883

Interest expense


(170)


(159)


(333)


(296)

Loss before income taxes, equity in net 


(3,102)


(4,612)


(8,571)


(10,275)

 (loss) income of equity method investees









  and non-controlling interest









Income tax (expense) credit


(474)


941


25


1,106

Equity in net (loss) income of equity method investees


(110)


204


(137)


207

Net loss


(3,686)


(3,467)


(8,683)


(8,962)

Add: Net loss attributable to non-controlling interest


-


-


-


-

Net loss attributable to Actions Semiconductor Co., Ltd. Shareholders

(3,686)


(3,467)


(8,683)


(8,962)










Net loss attributable to Actions Semiconductor Co., Ltd. Shareholders








Basic (per share)


(0.011)


(0.008)


(0.025)


(0.022)

Diluted (per share)


(0.011)


(0.008)


(0.025)


(0.022)










Basic (per ADS)


(0.063)


(0.050)


(0.148)


(0.130)

Diluted (per ADS)


(0.063)


(0.050)


(0.148)


(0.130)










Weighted-average shares used in computation:









Basic


351,135,694


413,599,856


351,754,379


412,556,305

Diluted


351,135,694


413,599,856


351,754,379


412,556,305










Weighted-average ADS used in computation :









Basic


58,522,616


68,933,309


58,625,730


68,759,384

Diluted


58,522,616


68,933,309


58,625,730


68,759,384










Note: Share-based compensation recorded in each









expense classification above is as follows:









  Research and development


58


3


63


7

  General and administrative


-


2


-


4

  Selling and marketing


7


-


7


-

  Cost of revenues


9


-


9


-


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