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Actions Semiconductor CEO Discusses Q2 2011 Results - Earnings Call Transcript

G&A expense was $2.2 million in the second quarter or 21.2% of revenue compared to $1.7 million in the first quarter.

In the first quarter, G&A expense was lower due to the annual [inaudible] expense reimbursement from our AES depository bank.

Note the marketing expense was $0.3 million in the second quarter or 3.1% of revenue compared to $0.3 million in the first quarter. We continue to tightly manage expense levels in this category and maintain a hiring freeze for non-engineering functions. And it’s not because of the management and executive level.

Operating loss was $3.8 million for the second quarter compared to a loss of $3.1 million for the prior quarter. As noted last quarter, as the result of the continued depreciation of the Chinese yen against the U.S. dollar, non-recurring engineering charges in developing new high-end products, and a comparative compensation in China’s talent markets, we expect our operating expenses denominated in Chinese yen to increase gradually.

Net other income for the second quarter was $1.3 million as a net result of foreign exchange gain of $1.1 million and a total yen of one of [inaudible] invested companies of $0.2 million.

Other income of $1.1 million for the first quarter was over related to a net foreign exchange gain.

Read the rest of this transcript for free on seekingalpha.com

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