ParkerVision reports $10.6M net income for 9 months; Q3 loss $3.9M; patent case updates

PARKERVISION INC

2023-Q3 EPS reported $0.09 revenue$25,000,000

Net income of $10.6M ($0.12/share) for nine months ended Sep 30, 2023, vs net loss of $4.5M prior year.
Q3 2023 net loss of $3.9M ($0.05/share) from $0.4M loss in Q3 2022, driven by contingent payment obligation adjustments.
Recognized $25M revenue from patent license/settlement; repaid $13.9M of secured contingent obligations.
Extended $1.2M of convertible notes maturity to Feb/Mar 2026; cash and equivalents $3.3M at Sep 30.
Oral arguments heard in ParkerVision v. Qualcomm appeal; claim construction hearings set Jan 2024 for Realtek/MediaTek cases.

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 nine months ended September 30, 2023 results: revenue $25 million, net income $10.6 million, EPS $0.12 per common share.

Period: three and nine months ended September 30, 2023
Revenue: $25 million
Net income: $10.6 million
EPS: $0.12 per common share
Result: reported results

Exact text from the filing

the Company recognized $25 million in revenue from patent license and settlement agreements in 2023 and, after recognizing contingent legal fees and expenses, reported net income of $10.6 million for the nine months ended September 30, 2023.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

PARKERVISION INC reported third quarter of 2023 results: net income $3.9 million, EPS $0.05 per common share.

Period: third quarter of 2023
Net income: $3.9 million
EPS: $0.05 per common share
Result: reported results

Exact text from the filing

ParkerVision reported a net loss for the third quarter of 2023 of $3.9 million, or $0.05 per common share, compared to a net loss of $0.4 million, or $0.01 per common share for the third quarter of 2022.

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20 earnings releases filed in the last 30 days. Browse all earnings releases →

PARKERVISION INC filing history →

Source: SEC EDGAR

accession 0001437749-23-031964

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