|
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 |
