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,

2015

2014

2015

2014

  (unaudited)  

  (unaudited)  

  (unaudited)  

  (unaudited)  

Revenues:

   System-on-a-chip products

13,667

11,948

24,114

23,233

   Semiconductor product testing services

16

27

46

54

13,683

11,975

24,160

23,287

Cost of revenues:

   System-on-a-chip products

(10,160)

(9,767)

(18,166)

(18,445)

   Semiconductor product testing services

(7)

(9)

(18)

(27)

(10,167)

(9,776)

(18,184)

(18,472)

Gross profit

3,516

2,199

5,976

4,815

Other operating income

1,526

150

1,586

629

Operating expenses:

  Research and development

(7,287)

(6,614)

(14,132)

(13,390)

  General and administrative

(2,222)

(2,787)

(4,271)

(4,824)

  Selling and marketing

(589)

(634)

(1,183)

(1,018)

Total operating expenses

(10,098)

(10,035)

(19,586)

(19,232)

Loss from operations

(5,056)

(7,686)

(12,024)

(13,788)

Other income (expenses) 

79

7

95

(2,497)

Dividend income from an other investment

488

423

488

423

Other-than-temporary impairment loss on an other investment

(117)

-

(117)

-

Interest income

1,674

2,803

3,320

5,883

Interest expense

(170)

(159)

(333)

(296)

Loss before income taxes, equity in net 

(3,102)

(4,612)

(8,571)

(10,275)

 (loss) income of equity method investees

  and non-controlling interest

Income tax (expense) credit

(474)

941

25

1,106

Equity in net (loss) income of equity method investees

(110)

204

(137)

207

Net loss

(3,686)

(3,467)

(8,683)

(8,962)

Add: Net loss attributable to non-controlling interest

-

-

-

-

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

(3,686)

(3,467)

(8,683)

(8,962)

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

Basic (per share)

(0.011)

(0.008)

(0.025)

(0.022)

Diluted (per share)

(0.011)

(0.008)

(0.025)

(0.022)

Basic (per ADS)

(0.063)

(0.050)

(0.148)

(0.130)

Diluted (per ADS)

(0.063)

(0.050)

(0.148)

(0.130)

Weighted-average shares used in computation:

Basic

351,135,694

413,599,856

351,754,379

412,556,305

Diluted

351,135,694

413,599,856

351,754,379

412,556,305

Weighted-average ADS used in computation :

Basic

58,522,616

68,933,309

58,625,730

68,759,384

Diluted

58,522,616

68,933,309

58,625,730

68,759,384

Note: Share-based compensation recorded in each

expense classification above is as follows:

  Research and development

58

3

63

7

  General and administrative

-

2

-

4

  Selling and marketing

7

-

7

-

  Cost of revenues

9

-

9

-