PARKERVISION INC - PRKR STOCK NEWS

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.

ParkerVision, a developer of radio frequency technologies, has resolved its patent infringement litigation with Hisense on confidential terms, including a licensing agreement for specific patents. This settlement allows ParkerVision to dismiss its case against Hisense in the Western District of Texas, while Hisense will withdraw from ongoing proceedings. ParkerVision initiated litigation against Hisense in September 2020, focusing on WiFi chip use. The company is also preparing for a trial against Intel scheduled in the coming months, emphasizing its commitment to defend its patent rights.

ParkerVision, Inc. (OTCQB:PRKR) has appointed Sanford (Sandy) Litvack to its Board of Directors, expanding the board to five members, of which four are independent. Litvack brings extensive experience in corporate litigation and operations, having served in senior roles at the Walt Disney Company and as Assistant Attorney General in charge of the Antitrust Division. CEO Jeffrey Parker expressed optimism about Litvack's potential contributions, suggesting he will enhance the board's capabilities.

ParkerVision, Inc. (OTCQB:PRKR) announced it has filed an appellate brief with the United States Court of Appeals for the Federal Circuit regarding its case against Qualcomm. The brief challenges the district court's rulings on three key issues: the denial of receiver claims, limitations on defending patent validity, and the striking of ParkerVision's expert report. The company argues that these decisions significantly undermine their case and hopes to have the final judgment reversed, allowing for a trial. CEO Jeffrey Parker expressed disappointment over the rulings and emphasized the rationale behind their appeal.