ParkerVision, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 14, 2023 at 04:06 pm EDT
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ParkerVision, Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported net income was USD 1.43 million compared to net loss of USD 4.4 million a year ago. Basic earnings per share from continuing operations was USD 0.02 compared to basic loss per share from continuing operations of USD 0.06 a year ago. Diluted earnings per share from continuing operations was USD 0.01 compared to diluted loss per share from continuing operations of USD 0.06 a year ago.
For the six months, sales was USD 25 million. Net income was USD 14.55 million compared to net loss of USD 4.07 million a year ago. Basic earnings per share from continuing operations was USD 0.17 compared to basic loss per share from continuing operations of USD 0.05 a year ago. Diluted earnings per share from continuing operations was USD 0.12 compared to diluted loss per share from continuing operations of USD 0.05 a year ago.
ParkerVision, Inc. is engaged in the business of fundamental wireless technologies and products. The Company has designed and developed proprietary radio frequency (RF) technologies and integrated circuits based on those technologies, and it licenses the Companyâs technologies to others for use in wireless communication products. The Company has patent enforcement actions ongoing in various United States district courts against mobile handsets, smart television and other wireless fidelity (WiFi) product providers, as well as semiconductor suppliers, for the infringement of several of its RF patents. Its RF technologies enable transmission and reception of RF carriers at low power consumption, thereby enabling extended battery life, and certain size, cost, performance and packaging advantages. The Company is focused on the enforcement of its intellectual property rights through licensing efforts and patent infringement litigation. Its wholly owned German subsidiary is ParkerVision GmbH.
PARKERVISION, INC. 
