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,

2014

2013

2014

2013

(unaudited)

(unaudited)

(unaudited)

(unaudited)

Revenues:

   System-on-a-chip products

13,084

16,830

36,317

51,710

   Semiconductor product testing services

27

54

81

106

  Total revenues

13,111

16,884

36,398

51,816

Cost of revenues:

   System-on-a-chip products

(11,188)

(11,248)

(29,633)

(34,246)

   Semiconductor product testing services

(11)

(27)

(38)

(45)

Total cost of revenues

(11,199)

(11,275)

(29,671)

(34,291)

Gross profit

1,912

5,609

6,727

17,525

Other operating income

30

501

659

653

Operating expenses:

  Research and development

(10,667)

(6,547)

(24,057)

(19,909)

  General and administrative

(3,130)

(2,133)

(7,954)

(6,217)

  Selling and marketing

(556)

(447)

(1,574)

(1,443)

Total operating expenses

(14,353)

(9,127)

(33,585)

(27,569)

Loss from operations

(12,411)

(3,017)

(26,199)

(9,391)

Other income (expenses)

846

187

(1,651)

1,557

Dividend income from an other investment

-

-

423

493

Interest income

2,029

2,926

7,912

9,117

Interest expense

(87)

(128)

(383)

(352)

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

(9,623)

(32)

(19,898)

1,424

Income tax credit (expense)

353

(197)

1,459

(295)

Equity in net income (loss) of equity method investees

27

77

234

(182)

Net (loss) income

(9,243)

(152)

(18,205)

947

Add: Net loss attributable to non-controlling interest

-

-

-

1

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

(9,243)

(152)

(18,205)

948

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

Basic (per share)

(0.023)

(0.000)

(0.044)

0.002

Diluted (per share)

(0.023)

(0.000)

(0.044)

0.002

Basic (per ADS)

(0.137)

(0.002)

(0.267)

0.014

Diluted (per ADS)

(0.137)

(0.002)

(0.267)

0.013

Weighted-average shares used in computation:

Basic

403,462,431

413,849,403

409,491,710

412,083,249

Diluted

403,462,431

413,849,403

409,491,710

425,687,178

Weighted-average ADS used in computation :

Basic

67,243,739

68,974,901

68,248,618

68,680,542

Diluted

67,243,739

68,974,901

68,248,618

70,947,863

Note: Share-based compensation recorded in each

expense classification above is as follows:

  Research and development

3

68

10

273

  General and administrative

1

22

5

54

  Selling and marketing

-

3

-

14

  Cost of revenues

-

-

-

49