ParkerVision Disappoints, Net Loss YoY Nearly Doubles

ParkerVision PRKR shares are mute after hours. Following Monday's closing bell, Parkervision reported Q2 EPS loss of $0.72 versus expectations of a loss of $0.45. Net loss year-over-year nearly doubled from $4.842 million to $8.367 million.

Chairman and CEO Jeffrey Parker said

"...we believe other companies in the industry are seeing the value in securing authorized use of our patented innovations, which could result in additional intellectual property licenses in the near-term. Our licensing program complements other opportunities to work with customers in bringing products to market that incorporate ParkerVision innovations. While we encourage authorized users of our technologies to create products incorporating our innovations, we are also exploring the opportunity to provide expertise and technical services to assist companies in developing new product advancements enabled by our technologies."

Shares of Parkervision closed Monday's regular trading session up $0.01 or 0.16 percent to $6.13.