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

Three months ended

March 31,

December 31,

March 31,

2015

2014

2014

(unaudited)

(unaudited)

(unaudited)

Revenues:

   System-on-a-chip products

10,447

13,826

11,285

   Semiconductor product testing services

30

36

27

10,477

13,862

11,312

Cost of revenues:

   System-on-a-chip products

(8,006)

(16,505)

(8,678)

   Semiconductor product testing services

(11)

(18)

(18)

(8,017)

(16,523)

(8,696)

Gross profit (loss) 

2,460

(2,661)

2,616

Other operating income

60

231

479

Operating expenses:

  Research and development

(6,845)

(7,066)

(6,776)

  General and administrative

(2,049)

(2,661)

(2,037)

  Selling and marketing

(594)

(601)

(384)

  Impairment on intangible assets

-

(535)

-

Total operating expenses

(9,488)

(10,863)

(9,197)

Loss from operations

(6,968)

(13,293)

(6,102)

Other income (expense)

16

(1,085)

(2,504)

Interest income

1,646

1,699

3,080

Interest expense

(163)

(147)

(137)

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

(5,469)

(12,826)

(5,663)

Income tax credit  

499

337

165

Equity in net (loss) income of equity method investees

(27)

332

3

Net loss

(4,997)

(12,157)

(5,495)

Less: Net loss attributable to non-controlling interest

-

1

-

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

(4,997)

(12,156)

(5,495)

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

Basic (per share)

(0.034)

(0.013)

Diluted (per share)

(0.014)

(0.034)

(0.013)

Basic (per ADS)

(0.085)

(0.206)

(0.080)

Diluted (per ADS)

(0.085)

(0.206)

(0.080)

Weighted-average shares used in computation:

Basic

352,379,927

353,508,683

411,501,170

Diluted

352,379,927

353,508,683

411,501,170

Weighted-average ADS used in computation :

Basic

58,729,988

58,918,114

68,583,528

Diluted

58,729,988

58,918,114

68,583,528

Note: Share-based compensation recorded in each

  expense classification above is as follows:

  Research and development

5

-

4

  General and administrative

-

-

2

  Selling and marketing

1

-

  Cost of revenues

-

28

-