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

Nine months ended

Nine months ended

September 30,

September 30,

September 30,

September 30,

2015

2014

2015

2014

(unaudited)

(unaudited)

(unaudited)

(unaudited)

Revenues:                                                                                                   

   System-on-a-chip products

12,997

13,084

37,111

36,317

   Semiconductor product testing services

27

86

81

13,037

13,111

37,197

36,398

Cost of revenues:

   System-on-a-chip products

(9,553)

(11,188)

(27,719)

(29,633)

   Semiconductor product testing services

(19)

(11)

(37)

(38)

(9,572)

(11,199)

(27,756)

(29,671)

Gross profit

3,465

1,912

9,441

6,727

Other operating income

950

30

2,536

659

Operating expenses:

  Research and development

(8,315)

(10,667)

(22,447)

(24,057)

  General and administrative

(3,060)

(3,130)

(11,798)

(7,954)

  Selling and marketing

(539)

(556)

(1,722)

(1,574)

  Impairment on intangible assets

(4,467)

-

-

-

Total operating expenses

(16,381)

(14,353)

(35,967)

(33,585)

Loss from operations

(11,966)

(12,411)

(23,990)

(26,199)

Other (expenses) income  

(1,795)

846

(1,700)

(1,651)

Dividend income from an other investment

-

-

488

423

Other-than-temporary impairment loss on an other investment

-

-

(117)

-

Interest income

1,273

2,029

4,593

7,912

Interest expense

(193)

(87)

(526)

(383)

Loss before income taxes, equity in net income of

  equity method investees and non-controlling interest

(12,681)

(9,623)

(21,252)

(19,898)

Income tax (expense) credit

(93)

353

(68)

1,459

Equity in net income of equity method investees

208

27

71

234

Net loss

(12,566)

(9,243)

(21,249)

(18,205)

Add: Net loss attributable to non-controlling interest

-

-

-

-

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

(12,566)

(9,243)

(21,249)

(18,205)

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

Basic (per share)

(0.036)

(0.023)

(0.061)

(0.044)

Diluted (per share)

(0.036)

(0.023)

(0.061)

(0.044)

Basic (per ADS)

(0.217)

(0.137)

(0.364)

(0.267)

Diluted (per ADS)

(0.217)

(0.137)

(0.364)

(0.267)

Weighted-average shares used in computation:

Basic

348,102,892

403,462,431

350,523,838

409,491,710

Diluted

348,102,892

403,462,431

350,523,838

409,491,710

Weighted-average ADS used in computation :

Basic

58,017,149

67,243,739

58,420,640

68,248,618

Diluted

58,017,149

67,243,739

58,420,640

68,248,618

Note: Share-based compensation recorded in each

expense classification above is as follows:

  Research and development

130

3

193

10

  General and administrative

11

1

11

5

  Selling and marketing

14

-

21

-

  Cost of revenues

5

-

14

-