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

Year ended

Year ended

December 31,

December 31,

December 31,

December 31,

2015

2014

2015

2014

(unaudited)

(unaudited)

(unaudited)

(audited)

Revenues:

   System-on-a-chip products

11,938

13,826

49,049

50,143

   Semiconductor product testing services

5

36

91

117

11,943

13,862

49,140

50,260

Cost of revenues:

   System-on-a-chip products

(10,614)

(16,505)

(38,333)

(46,148)

   Semiconductor product testing services

(2)

(18)

(39)

(46)

(10,616)

(16,523)

(38,372)

(46,194)

Gross profit (loss)

1,327

(2,661)

10,768

4,066

Other operating income

1,261

231

3,797

890

Operating expenses:

  Research and development

(6,357)

(7,066)

(28,804)

(31,124)

  General and administrative

(2,266)

(2,661)

(9,597)

(10,330)

  Selling and marketing

(495)

(601)

(2,217)

(2,175)

  Impairment on intangible assets

-

(535)

(4,467)

(820)

Total operating expenses

(9,118)

(10,863)

(45,085)

(44,449)

Loss from operations

(6,530)

(13,293)

(30,520)

(39,493)

Other (expense) income

(1,289)

(1,085)

(2,989)

(2,736)

Dividend income from an other investment

-

-

488

423

Other-than-temporary impairment loss on investments

-

-

(117)

-

Interest income

1,121

1,699

5,714

9,611

Interest expense

(324)

(147)

(850)

(530)

Loss before income taxes, equity in net (loss) income of
equity method investees and non-controlling interest

(7,022)

(12,826)

(28,274)

(32,725)

Income tax credit (expense) 

224

337

156

1,796

Equity in net (loss) income of equity method investees

(388)

332

(317)

566

Net loss

(7,186)

(12,157)

(28,435)

(30,363)

Less: Net loss attributable to non-controlling interest

1

1

1

2

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

(7,185)

(12,156)

(28,434)

(30,361)

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

Basic (per share)

(0.027)

(0.034)

(0.086)

(0.077)

Diluted (per share)

(0.027)

(0.034)

(0.086)

(0.077)

Basic (per ADS)

(0.162)

(0.206)

(0.518)

(0.461)

Diluted (per ADS)

(0.162)

(0.206)

(0.518)

(0.461)

Weighted-average shares used in computation:

Basic

265,887,058

353,508,683

329,190,733

395,380,921

Diluted

265,887,058

353,508,683

329,190,733

395,380,921

Weighted-average ADS used in computation :

Basic

44,314,510

58,918,114

54,865,122

65,896,820

Diluted

44,314,510

58,918,114

54,865,122

65,896,820

Note: Share-based compensation recorded in each

expense classification above is as follows:

  Research and development

115

-

308

10

  General and administrative

16

-

27

5

  Selling and marketing

10

1

31

1

  Cost of revenues

2

28

16

28