Welcome to our dedicated page for Parkervision news (Ticker: PRKR), a resource for investors and traders seeking the latest updates and insights on Parkervision stock.
ParkerVision, Inc. (PRKR) is a Florida-based RF technology company whose news flow is heavily shaped by intellectual property, litigation, and capital markets developments. The company describes itself as an innovator in radio-frequency (RF) technologies used in advanced wireless communication systems and as a developer and marketer of technologies and products for wireless applications. Its press releases frequently highlight how these RF technologies are protected and monetized through licensing and patent enforcement.
A major theme in ParkerVision’s news is its long-running patent litigation, particularly against Qualcomm. The company issues detailed updates on claim construction rulings, appeals to the U.S. Court of Appeals for the Federal Circuit, motions such as Rule 54(b) requests and motions to expedite, and scheduling developments in its cases. Additional coverage focuses on patent infringement actions in the Western District of Texas involving Realtek, MediaTek, Texas Instruments, and NXP Semiconductors, as well as related Patent Trial and Appeal Board (PTAB) inter partes review proceedings.
Investors following PRKR news will also see regular earnings releases and financial updates, where ParkerVision reports net losses, operating expenses, contingent payment obligations, and cash flows. The company explains how changes in the estimated fair value of contingent payment obligations and share-based compensation affect its results, and it comments on legal and consulting costs tied to its enforcement activities.
Another recurring news category involves capital-raising activity. ParkerVision has announced a shelf registration on Form S-3 and subsequent registered direct offerings of common stock under that shelf, including sales to accredited and institutional investors and to a director. These announcements outline offering terms, use of the shelf registration, and the absence of underwriters or placement agents.
For readers tracking PRKR, this news page provides a centralized view of ParkerVision’s litigation milestones, financial disclosures, and financing transactions, all of which the company presents as central to its RF intellectual property strategy.
ParkerVision (OTCQB:PRKR) announced recent court rulings regarding its patent infringement cases, including a ruling on willful infringement against Intel. The Texas court issued a favorable claim construction order in its case against LG Electronics, aligning with previous decisions. Additionally, a trial date set for Hisense and TCL is February 13, 2023. However, the Patent Trial and Appeal Board ruled that all claims of the '108 Patent are unpatentable, impacting ParkerVision's case against Intel.
ParkerVision (OTCQB:PRKR) reported a net income of $0.3 million for Q1 2022, a notable recovery from a net loss of $2.5 million in Q1 2021. This turnaround was driven primarily by a $2.3 million gain related to contingent payment obligations. Operating cash usage decreased to approximately $0.9 million, down from $5.0 million in the prior year. The company is actively pursuing legal actions against Intel and Qualcomm, with upcoming court dates in December 2022 and Fall 2023. Additionally, ParkerVision completed a sale of $0.3 million in convertible notes, bolstering its financial position.
ParkerVision (OTCQB:PRKR) announced its 2021 financial results on March 29, 2022, reporting a net loss of $12.3 million compared to $19.6 million in 2020, a 37% decrease. The company achieved licensing revenue of $144,000 while managing to reduce litigation costs. However, a recent summary judgment ruled against ParkerVision in its patent case against Qualcomm, prompting an appeal. Ongoing patent enforcement actions against Intel and other companies continue, with trials scheduled for 2022 and 2023.
ParkerVision, Inc. (OTCQB:PRKR) announced that the U.S. District Court in the Middle District of Florida ruled in favor of Qualcomm on a motion for non-infringement regarding three patents in the ongoing case ParkerVision v. Qualcomm. The court's sealed order stated that Qualcomm does not infringe the asserted claims, allowing ParkerVision to appeal the decision. CEO Jeffrey Parker expressed disappointment that the case won't be presented to a jury but remains optimistic about the appeal process. This is a significant legal setback for ParkerVision in its infringement claims against Qualcomm.
ParkerVision, Inc. (OTCQB:PRKR) announced a significant ruling from the District Court in Orlando regarding its patent infringement case against Qualcomm. The court granted Qualcomm's motion to strike, which excludes the opinions of ParkerVision's expert witnesses on infringement and validity. This order, sealed for attorney's eyes only, limits ParkerVision's ability to present key evidence in the trial. CEO Jeffrey Parker expressed concern over the implications of this decision, highlighting ongoing motions, including motions for summary judgment.
ParkerVision, Inc. (OTCQB:PRKR) announced a favorable ruling from the Patent Trial and Appeal Board (PTAB) regarding its patents in a dispute with Intel Corporation. The PTAB upheld all seven challenged claims of ParkerVision's ‘474 Patent while rejecting one claim of the ‘444 Patent. Despite this setback, ParkerVision's CEO stated that the outcome should not adversely affect their legal standing against Intel or other parties. Currently, ParkerVision has several ongoing patent infringement cases in the Western District of Texas, with a decision on another patent expected in July 2022.
ParkerVision director Paul Rosenbaum announced plans to repurchase shares of the company's stock after selling approximately 100,000 shares for year-end tax purposes. This move aims to restore his holdings, which currently amount to about 2 million shares. Rosenbaum emphasized adherence to insider trading policies, which govern the timing and manner of trading. This development reflects confidence in the company's future and may positively influence investor sentiment.
ParkerVision, Inc. (OTCQB:PRKR) announced its financial results for Q3 2021, reporting a net loss of $2.1 million, reflecting an increase from $1.7 million in Q3 2020. The year-to-date net loss decreased to $9.0 million from $13.2 million due to reduced litigation expenses. Notable developments include a confidential settlement with Zyxel Communications and favorable court outcomes against Hisense and TCL. The company anticipates five jury trials scheduled for 2022, including Qualcomm, hopeful for additional licensing agreements under comparable royalty rates.
ParkerVision, Inc. (OTCQB:PRKR) announced favorable claim construction recommendations from the Special Master in its patent infringement cases against Hisense and TCL. The recommendations align with ParkerVision's proposals for 20 out of 23 disputed terms, similar to previous rulings in the ParkerVision vs Intel cases. This marks ParkerVision's third successful Markman hearing in the Western District of Texas this year. The company aims for a fair resolution with Hisense and TCL, having previously settled with Buffalo and Zyxel through licensing agreements.
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