PARKERVISION INC - PRKR STOCK NEWS

ParkerVision (OTCQB:PRKR) has filed a Supreme Court petition challenging the Federal Circuit's practice of summarily affirming patent invalidations without detailed explanations. This follows the Patent Trial and Appeal Board's (PTAB) June 2024 invalidation of key ParkerVision patent claims in its dispute with TCL and LG Electronics through inter partes review. The Federal Circuit responded with a one-word 'affirmed' ruling.

The petition argues this practice violates Section 144 of the Patent Act, which requires the court to issue detailed opinions. ParkerVision contends that lack of explanations for patent invalidations creates uncertainty in the patent system and hampers innovation. The company seeks to establish a precedent requiring detailed judicial opinions for patent invalidation cases.

ParkerVision (OTCQB:PRKR) has won a favorable ruling from the U.S. Court of Appeals for the Federal Circuit in its patent infringement case against Qualcomm. The appellate court has:reversed the district court's exclusion of ParkerVision's expert testimony,vacated the summary judgment of non-infringement, andremanded the case back to the Middle District of Florida for trial.

This decision revives ParkerVision's decade-long legal battle, allowing the company to present its infringement claims to a jury. ParkerVision estimates that its technologies have been used without authorization in over1.5 billion Qualcomm chips. CEO Jeffrey Parker expressed optimism about swiftly bringing the case to trial, emphasizing the company's commitment to pursuing justice against Qualcomm's alleged unauthorized use of ParkerVision's proprietary technologies.

ParkerVision (OTCQB:PRKR) announced its Q2 2024 results, highlighting a net loss of $0.3 million or $0.00 per share, contrasting with a net income of $1.4 million or $0.02 per share in Q2 2023. For the first six months of 2024, the company reported a net loss of $1.0 million or $0.01 per share, versus a net income of $14.5 million or $0.17 per share in the same period of 2023, driven by a $25 million patent license and settlement agreement.

ParkerVision is actively involved in multiple legal proceedings, including awaiting a decision from the United States Court of Appeals for the Federal Circuit (CAFC) in a case against Qualcomm, following the dismissal and resubmission of an appeal in August 2024. Additionally, the company is engaged in several pending cases against Texas Instruments, NXP Semiconductors, MediaTek, and Realtek, with jury trials scheduled throughout 2025.

The company ended the quarter with $1.0 million in cash and cash equivalents, having used $1.4 million in cash for operations in the first half of 2024.

ParkerVision (OTCQB:PRKR), a developer of wireless communication technologies, reported a net loss of $0.7 million for Q1 2024, or $0.01 per share, contrasting with Q1 2023's net income of $13.1 million due to a $25 million patent settlement. Cash used in operations was $0.8 million, leaving the company with $1.7 million in cash. Key developments include awaiting a U.S. Court of Appeals decision on their case against Qualcomm and favorable claim rulings in patent cases against MediaTek and Realtek, with trials set for late 2024 and early 2025. Additionally, cases against various companies, including Qualcomm and Apple, remain stayed pending other outcomes.

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.

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.

ParkerVision, Inc. (PRKR) has received a request from OTC Markets Group Inc. to issue a statement.

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.

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.