Parkervision - PRKR STOCK NEWS

ParkerVision announces oral arguments scheduled for November 6, 2023 in patent infringement case against Qualcomm.

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.

ParkerVision, Inc. (OTCQB:PRKR) reported its 2022 financial results, showcasing a net loss of $9.8 million, improved from a loss of $12.3 million in 2021. The company secured $25 million in settlement agreements related to patent infringements, with additional patents targeting MediaTek and Realtek. The appeal involving Qualcomm is anticipated for mid-2023. Cash used for operations decreased to $3 million compared to $7.7 million in 2021, partly due to reduced accounts payable. The firm expects significant revenues from ongoing patent enforcement, aiming for profitability in 2023.

ParkerVision (OTCQB:PRKR) announced its financial results for Q3 2022, reporting a significant reduction in net loss to $0.4 million ($0.01 per share) from $2.1 million ($0.03 per share) in Q3 2021. For the nine months ended September 30, 2022, net loss decreased to $4.5 million ($0.06 per share) from $9.0 million ($0.13 per share) in 2021. The company reached a patent settlement with Hisense and is preparing for an upcoming jury trial against Intel. Additionally, ParkerVision filed new infringement cases against MediaTek, Realtek, and TCL.

ParkerVision filed new patent infringement complaints against MediaTek and Realtek in the Western District of Texas, alleging unauthorized use of its technologies in semiconductor chips for smartphones and wireless devices. This follows ongoing actions against Intel, TCL, and LG Electronics, with previous settlements against companies like Hisense and Buffalo. CEO Jeffrey Parker highlighted MediaTek's rising dominance in smartphone chip shipments, emphasizing the company's substantial investment in R&D for RF technologies.