Recent Updates — PRKR

The Board of Directors expanded from four to five members and unanimously appointed William G. Walters as a Class II director to fill the new vacancy. Mr. Walters is retired from an investment banking career focused on micro and small cap companies, having raised over $3 billion for clients including Cheyenne Software and Take Two Interactive. He holds degrees from Wharton and Harvard Business School and will receive standard non-employee director compensation. ParkerVision invents, develops, and licenses proprietary radio-frequency technologies for wireless communication products.

ParkerVision announced that the Court of Appeals for the Federal Circuit dismissed its expedited appeal against Qualcomm for lack of jurisdiction and remanded the patent infringement case back to the Middle District of Florida. The appellate court declined to rule on the merits of the receiver claim construction, leaving it to the district court's discretion how to proceed. ParkerVision intends to pursue a jury trial for infringement of its transmitter patent claims, with expert reports indicating damages of approximately $440 million excluding interest. The company also plans to preserve the right to appeal the receiver claim construction ruling following a final ruling in the transmitter case. ParkerVision is an innovator in radio-frequency technologies used in advanced wireless communication systems.

ParkerVision reported a net loss of $1.4 million ($0.01 per share) for the six months ended June 30, 2026, compared to a $5.4 million loss in the prior year period. The improvement stemmed from a $2.6 million decrease in operating expenses and a $1.5 million favorable change in the fair value of contingent payment obligations. Cash used in operations was approximately $1.7 million, leaving $2.5 million in cash and equivalents. Legally, oral arguments were held on June 1, 2026, for the appeal of ParkerVision v. Qualcomm (CAFC case no. 26-1033), with a decision pending. Additionally, Judge Albright’s retirement effective August 31, 2026, requires reassignment of the Company's Texas infringement cases against MediaTek and Realtek, delaying new trial dates. ParkerVision invents, develops and licenses cutting-edge radio-frequency technologies for wireless communication products.