Jan. 25, 2012 (China Knowledge) - Nasdaq-listed Actions Semiconductor Co Ltd<ACTS>, one of China
's leading fabless semiconductor companies, suffered a net loss of US$110,000 in the fourth quarter of 2011, whereas it earned US$2.6 million in net profit attributable to shareholders from the third quarter of 2011.
The company's net loss for the fourth quarter of 2010 was US$150,000.
In the fourth quarter of 2011, Actions Semiconductor saw its operating revenue reach US$12.3 million, compared with US$15.3 million in the third quarter of 2011 and US$10.7 million in the fourth quarter of 2010.
Gross margin for the fourth quarter of 2011 stood at 37.6%, compared with 40.6% from the third quarter of 2011 or 37.1% from 2010.
As of Dec. 31, 2011, the company had US$33.2 million in cash.
For the whole year of 2011, the fabless semiconductor company's unaudited net profit attributable to shareholders amounted to US$3.1 million, and the firm's operating revenue for last year totaled US$47.5 million.
In addition, Actions Semiconductor aims to reap between US$9 million and US$10 million in operating revenue in the first quarter of 2012 with projected gross margin of 38%.