ParkerVision will host a live conference call on Wednesday, August 15, 2012 at 9:00 a.m. Eastern time to review its financial results. To participate, dial 1-877-561-2750, approximately five minutes before the conference is scheduled to begin. International callers should dial +763-416-8565. The conference may also be accessed by means of a live audio webcast on the Company's website at www.parkervision.com . The conference webcast will be archived and available for replay for 90 days from the date of broadcast.
ParkerVision, Inc. designs, develops and markets its proprietary RF technologies which enable advanced wireless communications for current and next generation mobile communications networks. Its solutions for wireless transfer of radio frequency (RF) waveforms enable significant advancements in wireless products, addressing the needs of the cellular industry for efficient use of power, reduced cost and size, greater design simplicity and enhanced performance in mobile handsets as the industry migrates to next generation networks. ParkerVision is headquartered in Jacksonville, Florida. For more information please visit www.parkervision.com . (PRKR-I)Safe Harbor Statement This press release contains forward-looking information. Readers are cautioned not to place undue reliance on any such forward-looking statements, each of which speaks only as of the date made. Such statements are subject to certain risks and uncertainties which are disclosed in the Company's SEC reports, including the Form 10K for the year ended December 31, 2011 and the Forms 10Q for the quarters ended March 31 and June 30, 2012. These risks and uncertainties could cause actual results to differ materially from those currently anticipated or projected.
|Summary of Results of Operations (in thousands except for per share amounts)|
|Three months ended June 30,||Six months ended June 30,|
|Service revenue||$ --||$ --||$ --||$ --|
|Cost of goods sold||--||--||--||--|
|Research and development||1,789||2,186||3,828||4,124|
|Marketing and selling||363||338||758||680|
|General and administrative||2,929||1,046||4,570||2,154|
|Total operating expense||5,081||3,570||9,156||6,958|
|Interest and other income||20||33||27||51|
|Net loss||$ (5,061)||$ (3,537)||$ (9,129)||$ (6,907)|
|Basic and diluted loss per common share||$ (0.07)||$ (0.06)||$ (0.13)||$ (0.12)|
|Weighted average shares outstanding||74,582||59,054||71,094||55,993|
|Balance Sheet Highlights (in thousands)||June 30, 2012 (unaudited)||December 31, 2011|
|Cash and available for sale securities||$ 6,881||$ 5,240|
|Prepaid and other current assets||651||662|
|Property and equipment, net||423||351|
|Intangible assets, net||9,027||9,004|
|Total assets||$ 17,455||$ 15,842|
|Current liabilities||$ 1,419||$ 1,363|
|Long term liabilities||139||138|
|Total liabilities and shareholders' equity||$ 17,455||$ 15,842|
CONTACT: Cindy Poehlman Chief Financial Officer ParkerVision, Inc. 904-732-6100, email@example.com Ron Stabiner Vice President The Wall Street Group, Inc. 212-888-4848, firstname.lastname@example.org
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