ACL Semiconductors Inc. reported earnings results for the fourth quarter and full year ended December 31, 2012. For the quarter, the company reported net revenue of $38.1 million compared to $73.2 million in the same period last year. Net loss was $4 million compared to net loss of $2.3 million in the same period last year. Loss per diluted share was $0.12 compared to a loss of $0.08 in the same period last year.

For the year, the company reported net sales were $161.4 million compared to $368.9 million in 2011 fiscal year. This reduction is largely due to the company's transfer of its Samsung distributor business to ATMD, in addition to weak and volatile global economic conditions in 2012. Net loss was $4.9 million compared to net loss of $1.7 million in 2011. This result was due to the reflection of current global economic conditions and increasing operating expenses generated by the establishment of the joint venture and acquisition that occurred in 2012. On average, the company sold its products at a reduced selling price to encourage the turnover of the company's price sensitive products in response to the deteriorated market conditions which resulted in a decrease in gross profit margin and an increase in net loss. Net cash provided by operating activities amounted to $2.8 million.