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) 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.
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