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ParkerVision, Inc. (PRKR) announced its financial results for the year ended December 31, 2023, revealing a net income of $9.5 million, a significant improvement from the $9.8 million net loss in 2022. The company received $25 million in gross proceeds from patent license and settlement agreements, contributing to a $24.1 million increase in revenue. Despite a $7.0 million rise in operating expenses, the company managed to decrease its long-term liabilities by $8.9 million through repayment and new borrowings. With upcoming patent enforcement jury trials against MediaTek and Realtek, ParkerVision remains confident in its ability to protect its patented wireless technologies.
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1.81%
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ParkerVision, Inc. (PRKR) announced favorable claim construction rulings in patent infringement actions against MediaTek Inc. and Realtek Semiconductor Corp. The Court adopted ParkerVision's proposed claim constructions for the majority of disputed terms. The infringement actions are scheduled for jury trial in December 2024, with inter partes review actions pending against one of the patents. The Chairman and CEO, Jeffrey Parker, expressed satisfaction with the rulings, stating confidence in guiding the jury on infringement and patent validity.
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13.33%
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ParkerVision, Inc. (PRKR) has received a request from OTC Markets Group Inc. to issue a statement.
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ParkerVision, Inc. (OTCQB:PRKR) announced results for the three and nine months ended September 30, 2023. The company recognized $25 million in revenue from patent license and settlement agreements in 2023, resulting in a net income of $10.6 million for the nine months. Oral arguments were heard by the United States Court of Appeals for the Federal Circuit in ParkerVision v. Qualcomm, and the company negotiated the extension of maturity dates on $1.2 million of convertible notes. Despite a net loss for the third quarter of 2023, the company reported an increase in net income for the first nine months of 2023 compared to the same period in 2022.
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9.09%
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ParkerVision, Inc. is set to appear at the United States Court of Appeals for the Federal Circuit (CAFC) for oral arguments in the ParkerVision v. Qualcomm patent infringement case. The company filed its notice of appeal in April 2022 after rulings by the U.S. District Court in Florida closed the case file and terminated ParkerVision's right to a jury trial.
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ParkerVision announces oral arguments scheduled for November 6, 2023 in patent infringement case against Qualcomm.
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ParkerVision (OTCQB:PRKR) reports $25 million revenue from patent license agreements, $14.5 million net income in H1 2023. Filed patent infringement cases against Texas Instruments, NXP Semiconductors, MediaTek, Realtek. Received $5 million funding under contingent payment agreement. Chairman Jeffrey Parker emphasizes patent enforcement for wireless technologies. Net income for Q2 2023 at $1.4 million, compared to ($4.4) million in Q2 2022. Cash and cash equivalents at $4.2 million as of June 30, 2023.
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PARKERVISION INC
OTC:PRKR
PRKR Rankings
PRKR Stock Data
15.89M
80.22M
8.31%
6.45%
10.51%
Radio and Television Broadcasting and Wireless Communications Equipment Manufacturing
Manufacturing
United States of America
Jacksonville
About PRKR
parkervision, inc. designs, develops and markets its proprietary rf technologies, which enable advanced wireless communications for current and next generation mobile communications networks. its solutions for wireless transfer of radio frequency (rf) waveforms enable significant advancements in wireless products, addressing the needs of the cellular industry for efficient use of power, reduced cost and size, greater design simplicity and enhanced performance in mobile handsets as the industry migrates to next generation networks.