ACTIONS SEMICONDUCTOR CO., LTD.

CONSOLIDATED CONDENSED STATEMENT OF OPERATIONS

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

Three months ended

Three months ended

Nine months ended

Nine months ended

September 30,

September 30,

September 30,

September 30,

2013

2012

2013

2012

(unaudited)

(unaudited)

(unaudited)

(unaudited)

Revenues:                                                                                 

  System-on-a-chip products

16,830

15,727

51,710

39,019

  Semiconductor product testing services

54

65

106

151

 Total revenues

16,884

15,792

51,816

39,170

Cost of revenues:

  System-on-a-chip products

(11,248)

(9,822)

(34,246)

(24,723)

  Semiconductor product testing services

(27)

(34)

(45)

(85)

Total cost of revenues

(11,275)

(9,856)

(34,291)

(24,808)

Gross profit

5,609

5,936

17,525

14,362

Other operating income

501

569

653

760

Operating expenses:

  Research and development

(6,547)

(6,205)

(19,909)

(17,544)

  General and administrative

(2,133)

(2,041)

(6,217)

(5,913)

  Selling and marketing

(447)

(367)

(1,443)

(917)

Total operating expenses

(9,127)

(8,613)

(27,569)

(24,374)

Loss from operations

(3,017)

(2,108)

(9,391)

(9,252)

Other income (expenses)  

187

(221)

1,557

(127)

Dividend income from an other investment

-

-

493

-

Fair value change in trading securities

-

-

-

2

Interest income

2,926

3,418

9,117

9,983

Interest expense

(128)

(64)

(352)

(187)

(Loss) income before income taxes, equity in net income (loss) of 

equity method investees and non-controlling interest

(32)

1,025

1,424

419

Income tax expense

(197)

(568)

(295)

(1,142)

Equity in net income (loss) of equity method investees

77

203

(182)

169

Net (loss) income

(152)

660

947

(554)

Less: Net loss attributable to non-controlling interest

-

1

1

7

Net (loss) income attributable to Actions Semiconductor Co., Ltd.

948

Net (loss) income per share: Basic

Net (loss) income attributable to Actions Semiconductor Co., Ltd. Shareholders

(0.000)

0.002

0.002

(0.001)

Net (loss) income per share: Diluted

Net (loss) income attributable to Actions Semiconductor Co., Ltd. Shareholders

(0.000)

0.002

0.002

(0.001)

Basic (per ADS)

(0.002)

0.010

0.014

(0.008)

Diluted (per ADS)

(0.002)

0.009

0.013

(0.008)

Weighted-average shares used in computation:

Basic

413,849,403

412,398,886

412,083,249

413,580,031

Diluted

413,849,403

417,706,448

425,687,178

413,580,031

Weighted-average ADS used in computation :

Basic

68,974,901

68,733,148

68,680,542

68,930,005

Diluted

68,974,901

69,617,741

70,947,863

68,930,005

Note: Share-based compensation recorded in each

expense classification above is as follows:

  Research and development

68

174

273

861

  General and administrative

(12)

52

54

245

  Selling and marketing

3

8

14

40

  Cost of revenues

34

-

49

10