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ParkerVision Reports First Quarter 2013 Results

(TABLES FOLLOW)

     
ParkerVision, Inc.
Summary of Results of Operations (unaudited)
 
(in thousands, except per share amounts) Three Months Ended March 31,
  2013 2012
Service revenue  $ --  $ --
Cost of sales  --  --
Gross margin  --  --
     
Research and development expenses 2,365 2,039
Marketing and selling expenses 397 395
General and administrative expenses 3,712 1,641
Total operating expenses 6,474 4,075
     
Interest and other income and interest expense 12 7
     
Net loss $ (6,462) $ (4,068)
     
Basic and diluted net loss per common share  $ (0.08)  $ (0.06)
     
Weighted average shares outstanding 83,347 67,607
 
   
   
Balance Sheet Highlights
     
Balance Sheet Highlights (in thousands    
  March 31, 2013 (unaudited) December 31, 2012
Cash and available for sale securities $ 17,835 $ 8,340
Prepaid and other current assets 1,207 977
Property and equipment, net 380 404
Intangible assets, net 8,885 8,978
Other assets 21 21
Total assets $ 28,328 $ 18,720
     
Current liabilities $ 1,954 $ 2,142
Long term liabilities 37 58
Shareholders' equity 26,337 16,520
Total liabilities and shareholders' equity $  28,328 $ 18,720
CONTACT: Cindy Poehlman
         Chief Financial Officer
         ParkerVision, Inc.
         904-732-6100, cpoehlman@parkervision.com
         
         or
         
         Ron Stabiner
         Vice President
         The Wall Street Group, Inc.
         212-888-4848, rstabiner@thewallstreetgroup.com

ParkerVision, Inc. Logo

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