For the third quarter ended September 30th, 2010, we recorded revenue of $9.3 million compared to $9.7 million in the second quarter. Our gross margin for the third quarter was 40.1% compared to 39.6% for the second quarter. As noted, we were pleased our gross margins benefited from a product mix shift to advanced products, higher ASPs, and favorable unit cost as a result of enhanced processing technology, as well as improved product design.For the third quarter, total stock-based compensation expense amounted to a credit of $0.2 million, after a true-up of underestimated forfeiture rate compared to an expense of $0.9 million in the second quarter.
Actions Semiconductor CEO Discusses Q3 2010 Results – Earnings Call Transcript
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