|
ACTIONS SEMICONDUCTOR CO., LTD. | ||||||||
|
CONSOLIDATED CONDENSED STATEMENT OF OPERATIONS | ||||||||
|
(in thousands of U.S. dollars, except number of shares and per share amounts) | ||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
Three months ended |
|
Three months ended |
|
Nine months ended |
|
Nine months ended |
|
|
|
September 30, |
|
September 30, |
|
September 30, |
|
September 30, |
|
|
|
2015 |
|
2014 |
|
2015 |
|
2014 |
|
|
|
(unaudited) |
|
(unaudited) |
|
(unaudited) |
|
(unaudited) |
|
|
|
|
|
|
|
|
|
|
|
Revenues: |
|
|
|
|
|
|
|
|
|
System-on-a-chip products |
|
12,997 |
|
13,084 |
|
37,111 |
|
36,317 |
|
Semiconductor product testing services |
|
40 |
|
27 |
|
86 |
|
81 |
|
|
|
13,037 |
|
13,111 |
|
37,197 |
|
36,398 |
|
Cost of revenues: |
|
|
|
|
|
|
|
|
|
System-on-a-chip products |
|
(9,553) |
|
(11,188) |
|
(27,719) |
|
(29,633) |
|
Semiconductor product testing services |
|
(19) |
|
(11) |
|
(37) |
|
(38) |
|
|
|
(9,572) |
|
(11,199) |
|
(27,756) |
|
(29,671) |
|
Gross profit |
|
3,465 |
|
1,912 |
|
9,441 |
|
6,727 |
|
Other operating income |
|
950 |
|
30 |
|
2,536 |
|
659 |
|
Operating expenses: |
|
|
|
|
|
|
|
|
|
Research and development |
|
(8,315) |
|
(10,667) |
|
(22,447) |
|
(24,057) |
|
General and administrative |
|
(3,060) |
|
(3,130) |
|
(11,798) |
|
(7,954) |
|
Selling and marketing |
|
(539) |
|
(556) |
|
(1,722) |
|
(1,574) |
|
Impairment on intangible assets |
|
(4,467) |
|
- |
|
- |
|
- |
|
Total operating expenses |
|
(16,381) |
|
(14,353) |
|
(35,967) |
|
(33,585) |
|
Loss from operations |
|
(11,966) |
|
(12,411) |
|
(23,990) |
|
(26,199) |
|
Other (expenses) income |
|
(1,795) |
|
846 |
|
(1,700) |
|
(1,651) |
|
Dividend income from an other investment |
|
- |
|
- |
|
488 |
|
423 |
|
Other-than-temporary impairment loss on an other investment |
|
- |
|
- |
|
(117) |
|
- |
|
Interest income |
|
1,273 |
|
2,029 |
|
4,593 |
|
7,912 |
|
Interest expense |
|
(193) |
|
(87) |
|
(526) |
|
(383) |
|
Loss before income taxes, equity in net income of equity method investees and non-controlling interest |
|
(12,681) |
|
(9,623) |
|
(21,252) |
|
(19,898) |
|
Income tax (expense) credit |
|
(93) |
|
353 |
|
(68) |
|
1,459 |
|
Equity in net income of equity method investees |
|
208 |
|
27 |
|
71 |
|
234 |
|
Net loss |
|
(12,566) |
|
(9,243) |
|
(21,249) |
|
(18,205) |
|
Add: Net loss attributable to non-controlling interest |
|
- |
|
- |
|
- |
|
- |
|
Net loss attributable to Actions Semiconductor Co., Ltd. Shareholders |
|
(12,566) |
|
(9,243) |
|
(21,249) |
|
(18,205) |
|
|
|
|
|
|
|
|
|
|
|
Net loss attributable to Actions Semiconductor Co., Ltd. Shareholders |
|
|
|
|
|
|
|
|
|
Basic (per share) |
|
(0.036) |
|
(0.023) |
|
(0.061) |
|
(0.044) |
|
Diluted (per share) |
(0.036) |
|
(0.023) |
|
(0.061) |
|
(0.044) | |
|
|
|
|
|
|
|
|
|
|
|
Basic (per ADS) |
|
(0.217) |
|
(0.137) |
|
(0.364) |
|
(0.267) |
|
Diluted (per ADS) |
|
(0.217) |
|
(0.137) |
|
(0.364) |
|
(0.267) |
|
|
|
|
|
|
|
|
|
|
|
Weighted-average shares used in computation: |
|
|
|
|
|
|
|
|
|
Basic |
|
348,102,892 |
|
403,462,431 |
|
350,523,838 |
|
409,491,710 |
|
Diluted |
|
348,102,892 |
|
403,462,431 |
|
350,523,838 |
|
409,491,710 |
|
|
|
|
|
|
|
|
|
|
|
Weighted-average ADS used in computation : |
|
|
|
|
|
|
|
|
|
Basic |
|
58,017,149 |
|
67,243,739 |
|
58,420,640 |
|
68,248,618 |
|
Diluted |
|
58,017,149 |
|
67,243,739 |
|
58,420,640 |
|
68,248,618 |
|
|
|
|
|
|
|
|
|
|
|
Note: Share-based compensation recorded in each |
|
|
|
|
|
|
|
|
|
expense classification above is as follows: |
|
|
|
|
|
|
|
|
|
Research and development |
|
130 |
|
3 |
|
193 |
|
10 |
|
General and administrative |
|
11 |
|
1 |
|
11 |
|
5 |
|
Selling and marketing |
|
14 |
|
- |
|
21 |
|
- |
|
Cost of revenues |
|
5 |
|
- |
|
14 |
|
- |
|
Actions Semiconductor Reports Third Quarter 2015 Results
|
|
||||||
|
|
|||||||
|
|||||||
