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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 number of shares and per share amounts) |
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Three months ended |
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Three months ended |
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Three months ended |
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March 31, |
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December 31, |
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March 31, |
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2015 |
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2014 |
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2014 |
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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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10,447 |
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13,826 |
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11,285 |
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Semiconductor product testing services |
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30 |
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36 |
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27 |
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10,477 |
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13,862 |
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11,312 |
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Cost of revenues: |
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System-on-a-chip products |
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(8,006) |
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(16,505) |
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(8,678) |
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Semiconductor product testing services |
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(11) |
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(18) |
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(18) |
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(8,017) |
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(16,523) |
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(8,696) |
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Gross profit (loss) |
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2,460 |
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(2,661) |
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2,616 |
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Other operating income |
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60 |
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231 |
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479 |
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Operating expenses: |
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Research and development |
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(6,845) |
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(7,066) |
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(6,776) |
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General and administrative |
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(2,049) |
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(2,661) |
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(2,037) |
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Selling and marketing |
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(594) |
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(601) |
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(384) |
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Impairment on intangible assets |
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- |
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(535) |
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- |
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Total operating expenses |
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(9,488) |
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(10,863) |
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(9,197) |
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Loss from operations |
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(6,968) |
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(13,293) |
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(6,102) |
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Other income (expense) |
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16 |
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(1,085) |
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(2,504) |
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Interest income |
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1,646 |
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1,699 |
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3,080 |
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Interest expense |
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(163) |
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(147) |
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(137) |
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Loss before income taxes, equity in net (loss) income of
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(5,469) |
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(12,826) |
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(5,663) |
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Income tax credit |
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499 |
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337 |
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165 |
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Equity in net (loss) income of equity method investees |
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(27) |
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332 |
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3 |
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Net loss |
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(4,997) |
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(12,157) |
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(5,495) |
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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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- |
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Net loss attributable to Actions Semiconductor Co., Ltd. Shareholders |
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(4,997) |
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(12,156) |
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(5,495) |
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Net loss attributable to Actions Semiconductor Co., Ltd. Shareholders |
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Basic (per share) |
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(0.014) |
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(0.034) |
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(0.013) |
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Diluted (per share) |
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(0.014) |
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(0.034) |
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(0.013) |
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Basic (per ADS) |
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(0.085) |
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(0.206) |
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(0.080) |
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Diluted (per ADS) |
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(0.085) |
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(0.206) |
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(0.080) |
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Weighted-average shares used in computation: |
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Basic |
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352,379,927 |
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353,508,683 |
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411,501,170 |
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Diluted |
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352,379,927 |
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353,508,683 |
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411,501,170 |
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Weighted-average ADS used in computation : |
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Basic |
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58,729,988 |
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58,918,114 |
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68,583,528 |
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Diluted |
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58,729,988 |
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58,918,114 |
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68,583,528 |
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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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5 |
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- |
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4 |
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General and administrative |
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- |
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- |
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2 |
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Selling and marketing |
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1 |
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- |
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Cost of revenues |
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- |
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28 |
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- |
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Actions Semiconductor Reports First Quarter 2015 Results
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