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ACTIONS SEMICONDUCTOR CO., LTD. | ||||||||
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CONSOLIDATED CONDENSED STATEMENT OF OPERATIONS | ||||||||
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(in thousands of U.S. dollars, except per share amounts) | ||||||||
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Three months ended |
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Three months ended |
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Nine months ended |
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Nine months ended |
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September 30, |
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September 30, |
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September 30, |
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September 30, |
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2013 |
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2012 |
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2013 |
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2012 |
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(unaudited) |
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(unaudited) |
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(unaudited) |
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(unaudited) |
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Revenues: |
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System-on-a-chip products |
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16,830 |
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15,727 |
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51,710 |
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39,019 |
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Semiconductor product testing services |
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54 |
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65 |
|
106 |
|
151 |
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Total revenues |
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16,884 |
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15,792 |
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51,816 |
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39,170 |
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Cost of revenues: |
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System-on-a-chip products |
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(11,248) |
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(9,822) |
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(34,246) |
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(24,723) |
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Semiconductor product testing services |
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(27) |
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(34) |
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(45) |
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(85) |
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Total cost of revenues |
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(11,275) |
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(9,856) |
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(34,291) |
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(24,808) |
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Gross profit |
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5,609 |
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5,936 |
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17,525 |
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14,362 |
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Other operating income |
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501 |
|
569 |
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653 |
|
760 |
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Operating expenses: |
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Research and development |
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(6,547) |
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(6,205) |
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(19,909) |
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(17,544) |
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General and administrative |
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(2,133) |
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(2,041) |
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(6,217) |
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(5,913) |
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Selling and marketing |
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(447) |
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(367) |
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(1,443) |
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(917) |
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Total operating expenses |
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(9,127) |
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(8,613) |
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(27,569) |
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(24,374) |
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Loss from operations |
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(3,017) |
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(2,108) |
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(9,391) |
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(9,252) |
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Other income (expenses) |
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187 |
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(221) |
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1,557 |
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(127) |
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Dividend income from an other investment |
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- |
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- |
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493 |
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- |
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Fair value change in trading securities |
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- |
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- |
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- |
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2 |
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Interest income |
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2,926 |
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3,418 |
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9,117 |
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9,983 |
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Interest expense |
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(128) |
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(64) |
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(352) |
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(187) |
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(Loss) income before income taxes, equity in net income (loss) of equity method investees and non-controlling interest |
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(32) |
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1,025 |
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1,424 |
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419 |
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Income tax expense |
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(197) |
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(568) |
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(295) |
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(1,142) |
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Equity in net income (loss) of equity method investees |
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77 |
|
203 |
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(182) |
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169 |
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Net (loss) income |
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(152) |
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660 |
|
947 |
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(554) |
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Less: Net loss attributable to non-controlling interest |
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- |
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1 |
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1 |
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7 |
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Net (loss) income attributable to Actions Semiconductor Co., Ltd. |
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(152) |
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661 |
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948 |
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(547) |
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Net (loss) income per share: Basic |
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Net (loss) income attributable to Actions Semiconductor Co., Ltd. Shareholders |
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(0.000) |
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0.002 |
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0.002 |
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(0.001) |
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Net (loss) income per share: Diluted |
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Net (loss) income attributable to Actions Semiconductor Co., Ltd. Shareholders |
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(0.000) |
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0.002 |
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0.002 |
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(0.001) |
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Basic (per ADS) |
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(0.002) |
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0.010 |
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0.014 |
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(0.008) |
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Diluted (per ADS) |
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(0.002) |
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0.009 |
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0.013 |
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(0.008) |
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Weighted-average shares used in computation: |
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Basic |
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413,849,403 |
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412,398,886 |
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412,083,249 |
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413,580,031 |
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Diluted |
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413,849,403 |
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417,706,448 |
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425,687,178 |
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413,580,031 |
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Weighted-average ADS used in computation : |
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Basic |
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68,974,901 |
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68,733,148 |
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68,680,542 |
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68,930,005 |
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Diluted |
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68,974,901 |
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69,617,741 |
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70,947,863 |
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68,930,005 |
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Note: Share-based compensation recorded in each |
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expense classification above is as follows: |
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Research and development |
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68 |
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174 |
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273 |
|
861 |
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General and administrative |
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(12) |
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52 |
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54 |
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245 |
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Selling and marketing |
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3 |
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8 |
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14 |
|
40 |
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Cost of revenues |
|
34 |
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- |
|
49 |
|
10 |
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Actions Semiconductor Reports Third Quarter 2013 Results
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