Actions Semiconductor Issues Business Outlook; Q4 Loss Narrows - Quick Facts

(RTTNews) - Actions Semiconductor Co., Ltd. (ACTS) announced the company expects revenue in the first quarter of 2016 to be in the range of $11.5 to $12.0 million. The company said, in the first quarter of 2016, it expects revenue to be above year ago levels as a result of strong demand for its latest solutions for Bluetooth-enabled devices and a slight increase in shipments of its application processor SoCs.

For the full year, the company expects challenging conditions in the worldwide semiconductor industry to limit its ability to increase revenue.

For the fourth quarter of 2015, net loss attributable to shareholders was $7.2 million or $0.162 per ADS compared to a net loss of $12.2 million or $0.206 per ADS, for the fourth quarter of 2014. Revenue for the fourth quarter of 2015 was $11.9 million, compared to $13.9 million, prior year.

Zhenyu Zhou, CEO said, "Revenue in the fourth quarter came in at the high end of expectations, primarily due to strong shipments of our latest solutions for Bluetooth-enabled devices and HD video boomboxes. In our application processor business, sluggish global demand for consumer electronics adversely impacted shipments of our tablet and OTT set-top box solutions."