G&A expense was $1.7 million in the first quarter or 18.1% of revenue, which was lower than the fourth quarter of $2.2 million, mainly due to the annual listing expense or reimbursement for our [ADS Depositary] Bank. Sales and marketing expense was $0.3 million in the first quarter or 2.8% of revenue compared to $0.4 million in the fourth quarter.We continue to tightening manage the expense levels in this category as demonstrated by our higher increase of growth, non-engineering functions and the salary cuts of the executive and the management level. Operating loss was $3.1 million for the first quarter of 2011, compared to operating loss of $3 million for the prior quarter. As a result of their continued appreciation of the Chinese Yen against the U.S. dollar and their competitive compensation in China talent market, we expect our operating expenses denominated against Chinese Yen to increase gradually.
Actions' CEO Discusses Q1 2011 Results - Earnings Call Transcript
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