ParkerVision posts $14.5M net income in H1 2023 on $25M patent license deal

PARKERVISION INC

2023-Q2 EPS reported $0.12 revenue$25,000,000

Q2 2023 net income of $1.4M ($0.02/share) vs. Q2 2022 net loss of $4.4M ($0.06/share).
First-half 2023 revenue of $25M from a patent license/settlement; net income $14.5M ($0.17/share).
Filed new infringement suits against Texas Instruments, NXP, MediaTek, and Realtek.
Received $5M in new contingent funding during Q2; repaid $13.9M of contingent obligation.
Cash and equivalents $4.2M at June 30, 2023.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

PARKERVISION INC reported three and six months ended June 30, 2023 results: revenue $25 million, net income $14.5 million.

Period: three and six months ended June 30, 2023
Revenue: $25 million
Net income: $14.5 million
Result: reported results

Exact text from the filing

for wireless applications, today announced results for the three and six months ended June 30, 2023 . First Half 2023 Summary and Recent Developments ● The Company recognized $25 million in revenue from patent license and settlement agreements and, after recognizing contingent legal fees and expenses, reported net income of $14.5 million in the first half of

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Source: SEC EDGAR

accession 0001437749-23-023659

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