Actions Semiconductor Reports Second Quarter 2016 Results

 

 

ACTIONS SEMICONDUCTOR CO., LTD.

CONSOLIDATED CONDENSED STATEMENTS OF OPERATIONS

(in thousands of U.S. dollars, except number of shares and per share amounts)












Three months ended


Three months ended


Six months ended


Six months ended



June 30,


June 30,


June 30,


June 30,



2016


2015


2016


2015



 (unaudited)  


 (unaudited)  


 (unaudited)  


 (unaudited)  










Revenues:









   System-on-a-chip products


13,904


13,667


25,891


24,114

   Semiconductor product testing services


13


16


19


46



13,917


13,683


25,910


24,160

Cost of revenues:









   System-on-a-chip products


(11,705)


(10,160)


(19,464)


(18,166)

   Semiconductor product testing services


(5)


(7)


(7)


(18)



(11,710)


(10,167)


(19,471)


(18,184)

Gross profit


2,207


3,516


6,439


5,976

Other operating income


1,343


1,526


1,603


1,586

Operating expenses:









  Research and development


(5,924)


(7,287)


(12,484)


(14,132)

  General and administrative


(2,067)


(2,222)


(4,135)


(4,271)

  Selling and marketing


(463)


(589)


(918)


(1,183)

  Impairment on long-lived assets


(2,958)


-


(2,958)


-

Total operating expenses


(11,412)


(10,098)


(20,495)


(19,586)

Loss from operations


(7,862)


(5,056)


(12,453)


(12,024)

Other (expenses) income 


(1,225)


79


(1,345)


95

Dividend income from an other investment


550


488


550


488

Other-than-temporary impairment loss on an other investment


-


(117)


-


(117)

Interest income


882


1,674


2,014


3,320

Interest expense


(241)


(170)


(551)


(333)

Loss before income taxes, equity in net 


(7,896)


(3,102)


(11,785)


(8,571)

Income tax credit (expense) 


18


(474)


(97)


25

Equity in net (loss) income of equity method investees


(32)


(110)


31


(137)

Net loss


(7,910)


(3,686)


(11,851)


(8,683)

Add: Net loss attributable to non-controlling interest


-


-


-


-

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


(7,910)


(3,686)


(11,851)


(8,683)










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









Basic (per share)


(0.030)


(0.011)


(0.045)


(0.025)

Diluted (per share)


(0.030)


(0.011)


(0.045)


(0.025)










Basic (per ADS)


(0.179)


(0.063)


(0.268)


(0.148)

Diluted (per ADS)


(0.179)


(0.063)


(0.268)


(0.148)










Weighted-average shares used in computation:









Basic


265,788,736


351,135,694


265,787,157


351,754,379

Diluted


265,788,736


351,135,694


265,787,157


351,754,379










Weighted-average ADS used in computation :









Basic


44,298,123


58,522,616


44,297,860


58,625,730

Diluted


44,298,123


58,522,616


44,297,860


58,625,730










Note: Share-based compensation recorded in each









expense classification above is as follows:









  Research and development


123


58


234


63

  General and administrative


20


-


38


-

  Selling and marketing


10


7


19


7

  Cost of revenues


1


9


2


9


« Previous Page 1 | 2 | 3 | 4 | 5  Next Page »
Featured Video
Jobs
Design Verification Engineer for Blockwork IT at Milpitas, California
Senior Firmware Architect - Server Manageability for Nvidia at Santa Clara, California
GPU Design Verification Engineer for AMD at Santa Clara, California
Sr. Silicon Design Engineer for AMD at Santa Clara, California
CAD Engineer for Nvidia at Santa Clara, California
Senior Platform Software Engineer, AI Server - GPU for Nvidia at Santa Clara, California
Upcoming Events
SEMICON Japan 2024 at Tokyo Big Sight Tokyo Japan - Dec 11 - 13, 2024
PDF Solutions AI Executive Conference at St. Regis Hotel San Francisco - Dec 12, 2024
DVCon U.S. 2025 at United States - Feb 24 - 27, 2025



© 2024 Internet Business Systems, Inc.
670 Aberdeen Way, Milpitas, CA 95035
+1 (408) 882-6554 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering TechJobsCafe - Technical Jobs and Resumes GISCafe - Geographical Information Services  MCADCafe - Mechanical Design and Engineering ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy PolicyAdvertise