earnings
confidence high
sentiment negative
materiality 0.70
ParkerVision reports 2024 net loss of $14.5M; patent case against Qualcomm remanded for trial
PARKERVISION INC
- Net loss of $14.5M ($0.16 loss per share) vs net income of $9.5M ($0.11 EPS) in 2023.
- Revenue drop of $25M due to absence of 2023 license settlement; operating expenses fell $10.5M.
- CAFC overturned dismissal of Qualcomm patent case, remanded for jury trial; no trial date set.
- Supreme Court denied ParkerVision's cert petition challenging CAFC Rule 36 use.
- Cash $4.9M at Dec 31, 2024; long-term liabilities up $8.6M on contingent payment obligations.