This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

ParkerVision Reports Second Quarter And Six Month Results

Stocks in this article: PRKR

JACKSONVILLE, Fla., Aug. 14, 2012 (GLOBE NEWSWIRE) -- ParkerVision, Inc. (Nasdaq:PRKR), a developer and marketer of semiconductor technology solutions for wireless applications, today reported operating results for the second quarter and six months ended June 30, 2012, as compared to the same periods in 2011.

For the second quarter ended June 30, 2012, the Company reported a net loss of $5.1 million, or $0.07 per share, compared to a net loss of $3.5 million, or $0.06 per share, for the same period in 2011. For the six month period ended June 30, 2012, the Company reported a net loss of $9.1 million, or $0.13 per share, compared to a net loss of $6.9 million, or $0.12 per share, for the same period in 2011. The increase in net loss for the three and six month periods is primarily the result of litigation-related expenses and increases in non-cash share-based compensation.

For the first half of 2012, the Company received net proceeds of $8.3 million from an April 2012 sale of equity securities and $0.9 million in proceeds from the exercise of warrants and options. The Company used approximately $6.9 million in operating cash in the first half of 2012 and invested an additional $0.6 million in patents and fixed assets for the same period. ParkerVision ended the first half of 2012 with approximately $6.9 million in cash and available for sale securities.

Chairman and Chief Executive Officer, Jeffrey Parker, commented, "We remain firm in our belief that our intellectual property portfolio is key to current and future developments in wireless communications. We continue to invest in the development, commercialization and defense of our intellectual property as evidenced by the 13 new patents we have obtained thus far in 2012, our ongoing efforts with one of VIA Telecom's handset OEM customers to incorporate our technology into mobile handsets, and our infringement litigation against Qualcomm."

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,959.44 +154.64 0.87%
S&P 500 2,078.54 +7.89 0.38%
NASDAQ 4,781.4240 +16.0440 0.34%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs