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ACTIONS SEMICONDUCTOR CO., LTD. | ||||||||
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CONSOLIDATED CONDENSED STATEMENT OF OPERATIONS | ||||||||
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(in thousands of U.S. dollars, except number of shares and per share amounts) | ||||||||
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Three months ended |
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Three months ended |
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Year ended |
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Year ended |
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December 31, |
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December 31, |
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December 31, |
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December 31, |
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|
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2013 |
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2012 |
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2013 |
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2012 |
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|
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(unaudited) |
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(unaudited) |
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(unaudited) |
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(audited) |
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Revenues: |
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|
|
|
|
|
|
|
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Third-parties: |
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|
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|
|
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System-on-a-chip products |
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15,095 |
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14,314 |
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64,617 |
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52,356 |
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Semiconductor product testing services |
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29 |
|
28 |
|
135 |
|
179 |
|
|
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15,124 |
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14,342 |
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64,752 |
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52,535 |
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Related-parties: |
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|
|
|
|
|
|
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System-on-a-chip products |
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2,451 |
|
817 |
|
4,639 |
|
1,794 |
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Total revenues |
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17,575 |
|
15,159 |
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69,391 |
|
54,329 |
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Cost of revenues: |
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|
|
|
|
|
|
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Third-parties: |
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|
|
|
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System-on-a-chip products |
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(11,567) |
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(9,697) |
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(44,324) |
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(33,814) |
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Semiconductor product testing services |
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(13) |
|
(15) |
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(58) |
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(100) |
|
|
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(11,580) |
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(9,712) |
|
(44,382) |
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(33,914) |
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Related-parties: |
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|
|
|
|
|
|
|
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System-on-a-chip products |
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(2,094) |
|
(587) |
|
(3,583) |
|
(1,193) |
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Total cost of revenues |
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(13,674) |
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(10,299) |
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(47,965) |
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(35,107) |
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Gross profit |
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3,901 |
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4,860 |
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21,426 |
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19,222 |
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Other operating income |
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1,517 |
|
136 |
|
2,170 |
|
896 |
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Operating expenses: |
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|
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|
|
|
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Research and development |
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(6,086) |
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(6,195) |
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(25,995) |
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(23,739) |
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General and administrative |
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(2,547) |
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(2,660) |
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(8,764) |
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(8,573) |
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Selling and marketing |
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(614) |
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(364) |
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(2,057) |
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(1,281) |
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Total operating expenses |
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(9,247) |
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(9,219) |
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(36,816) |
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(33,593) |
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Loss from operations |
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(3,829) |
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(4,223) |
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(13,220) |
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(13,475) |
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Other income |
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779 |
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1,674 |
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2,336 |
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1,547 |
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Dividend income from an other investment |
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0 |
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0 |
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493 |
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0 |
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Fair value change in trading securities |
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0 |
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0 |
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0 |
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2 |
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Other-than-temporary impairment loss on investments |
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(681) |
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(2,543) |
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(681) |
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(2,543) |
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Interest income |
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3,241 |
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3,257 |
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12,358 |
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13,240 |
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Interest expense |
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(146) |
|
(63) |
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(498) |
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(250) |
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(Loss) income before income taxes, equity in net (loss) income of
|
|
(636) |
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(1,898) |
|
788 |
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(1,479) |
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Income tax (expense) credit |
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(108) |
|
370 |
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(403) |
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(772) |
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Equity in net (loss) income of equity method investees |
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(82) |
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(128) |
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(264) |
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41 |
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Net (loss) income |
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(826) |
|
(1,656) |
|
121 |
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(2,210) |
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Less: Net loss attributable to non-controlling interest |
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1 |
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1 |
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2 |
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8 |
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Net (loss) income attributable to Actions Semiconductor Co., Ltd. Shareholders |
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(825) |
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(1,655) |
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123 |
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(2,202) |
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Net (loss) income attributable to Actions Semiconductor Co., Ltd. Shareholders |
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Basic (per share) |
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(0.002) |
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(0.004) |
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0.000 |
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(0.005) |
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Diluted (per share) |
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(0.002) |
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(0.004) |
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0.000 |
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(0.005) |
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Basic (per ADS) |
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(0.012) |
|
(0.024) |
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0.002 |
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(0.032) |
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Diluted (per ADS) |
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(0.012) |
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(0.024) |
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0.002 |
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(0.032) |
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Weighted-average shares used in computation: |
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Basic |
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412,162,575 |
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410,209,703 |
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412,103,255 |
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412,706,341 |
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Diluted |
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412,162,575 |
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410,209,703 |
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425,415,011 |
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412,706,341 |
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Weighted-average ADS used in computation: |
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Basic |
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68,693,763 |
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68,368,284 |
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68,683,876 |
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68,784,390 |
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Diluted |
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68,693,763 |
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68,368,284 |
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70,902,502 |
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68,784,390 |
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Note: Share-based compensation recorded in each expense classification above is as follows: |
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Research and development |
|
74 |
|
229 |
|
347 |
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1,090 |
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General and administrative |
|
25 |
|
67 |
|
79 |
|
312 |
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Selling and marketing |
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3 |
|
12 |
|
17 |
|
52 |
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Cost of revenues |
|
0 |
|
0 |
|
49 |
|
10 |
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Actions Semiconductor Reports Fourth Quarter and Full Year 2013 Results
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