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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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2014 |
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2013 |
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2014 |
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2013 |
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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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13,084 |
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16,830 |
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36,317 |
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51,710 |
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Semiconductor product testing services |
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27 |
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54 |
|
81 |
|
106 |
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Total revenues |
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13,111 |
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16,884 |
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36,398 |
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51,816 |
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Cost of revenues: |
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System-on-a-chip products |
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(11,188) |
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(11,248) |
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(29,633) |
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(34,246) |
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Semiconductor product testing services |
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(11) |
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(27) |
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(38) |
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(45) |
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Total cost of revenues |
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(11,199) |
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(11,275) |
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(29,671) |
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(34,291) |
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Gross profit |
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1,912 |
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5,609 |
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6,727 |
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17,525 |
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Other operating income |
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30 |
|
501 |
|
659 |
|
653 |
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Operating expenses: |
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Research and development |
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(10,667) |
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(6,547) |
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(24,057) |
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(19,909) |
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General and administrative |
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(3,130) |
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(2,133) |
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(7,954) |
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(6,217) |
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Selling and marketing |
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(556) |
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(447) |
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(1,574) |
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(1,443) |
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Total operating expenses |
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(14,353) |
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(9,127) |
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(33,585) |
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(27,569) |
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Loss from operations |
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(12,411) |
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(3,017) |
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(26,199) |
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(9,391) |
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Other income (expenses) |
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846 |
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187 |
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(1,651) |
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1,557 |
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Dividend income from an other investment |
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- |
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- |
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423 |
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493 |
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Interest income |
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2,029 |
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2,926 |
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7,912 |
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9,117 |
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Interest expense |
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(87) |
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(128) |
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(383) |
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(352) |
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(Loss) income before income taxes, equity in net income (loss) of
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(9,623) |
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(32) |
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(19,898) |
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1,424 |
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Income tax credit (expense) |
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353 |
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(197) |
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1,459 |
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(295) |
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Equity in net income (loss) of equity method investees |
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27 |
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77 |
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234 |
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(182) |
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Net (loss) income |
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(9,243) |
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(152) |
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(18,205) |
|
947 |
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Add: Net loss attributable to non-controlling interest |
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- |
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- |
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- |
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1 |
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Net (loss) income attributable to Actions Semiconductor Co., Ltd. |
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(9,243) |
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(152) |
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(18,205) |
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948 |
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Net (loss) income attributable to Actions Semiconductor Co., Ltd. |
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Basic (per share) |
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(0.023) |
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(0.000) |
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(0.044) |
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0.002 |
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Diluted (per share) |
(0.023) |
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(0.000) |
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(0.044) |
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0.002 | |
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Basic (per ADS) |
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(0.137) |
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(0.002) |
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(0.267) |
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0.014 |
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Diluted (per ADS) |
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(0.137) |
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(0.002) |
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(0.267) |
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0.013 |
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Weighted-average shares used in computation: |
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Basic |
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403,462,431 |
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413,849,403 |
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409,491,710 |
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412,083,249 |
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Diluted |
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403,462,431 |
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413,849,403 |
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409,491,710 |
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425,687,178 |
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Weighted-average ADS used in computation : |
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Basic |
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67,243,739 |
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68,974,901 |
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68,248,618 |
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68,680,542 |
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Diluted |
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67,243,739 |
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68,974,901 |
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68,248,618 |
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70,947,863 |
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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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3 |
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68 |
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10 |
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273 |
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General and administrative |
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1 |
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22 |
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5 |
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54 |
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Selling and marketing |
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- |
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3 |
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- |
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14 |
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Cost of revenues |
|
- |
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- |
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- |
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49 |
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Actions Semiconductor Reports Third Quarter 2014 Results
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