ParkerVision, Inc.
03.17.08

ParkerVision Reports Fourth Quarter and Year End 2007 Results

JACKSONVILLE, Fla., Mar 17, 2008 (BUSINESS WIRE) -- ParkerVision, Inc. (Nasdaq NMS: PRKR), a developer and marketer of semiconductor technology solutions for wireless applications, announced a net loss for the three months ended December 31, 2007 of $4.7 million, or $.19 per share compared to a net loss of $3.4 million or $.14 per share during the fourth quarter of 2006. For the year ended December 31, 2007, ParkerVision reported a net loss of $18.2 million, or $0.74 per share, compared to a net loss of $15.8 million, or $0.68 per share for the year ended December 31, 2006.

The company recognized revenue from engineering design services of $284,000 for the year ended December 31, 2007, all of which was recognized in the second and third quarters of 2007. The company reported no revenue for 2006, having exited its retail business in 2005 to concentrate its resources on commercialization of its wireless technologies through licensing arrangements. The company was successful in securing the first two licensees of its wireless technologies in 2007 - ITT Corporation in May 2007 and a chipset provider in the mobile handset market in December 2007.

The company's operating expenses for the year ended December 31, 2007 were $19.1 million, representing a $2.2 million, or 13% increase from operating expenses of $16.9 million in 2006. This increase was primarily due to increased personnel costs and increased engineering costs related to prototype integrated circuit design and production.

The company ended the year with $13.4 million in cash and cash equivalents. Subsequent to the end of the year, the company completed a private placement of approximately 1.2 million shares of its common stock for net proceeds of approximately $9 million.

Chairman and Chief Executive Officer, Jeffrey Parker commented, "In 2007, ParkerVision attained a significant milestone with the execution of two license agreements for the incorporation of its technologies into RF products. One of our key technical goals for 2008 is to provide the necessary technical support and engineering resources to ensure that our first two customers incorporate our technologies into their products in a timely manner. Although we do not anticipate significant revenue from engineering design services during our customers' initial design cycles, we believe our contributions to these product design efforts will translate into initial and continuing royalty revenues in the shortest timeframe possible and will also provide leverage to our ongoing sales efforts. As our technology moves closer to deployment in high volume production, we believe the technology adoption decision becomes easier for subsequent customers. This is synergistic with our goal of securing additional customers in the mobile handset space in 2008."

The company will host a live broadcast of its year end 2007 financial results via conference call on March 17, 2008 at 4:30 PM Eastern time. The conference call will be accessible by telephone at (877) 591-4949 (no passcode required) and participants are advised to dial-in at least five minutes before the scheduled start time. The replay of the conference call will be available for seven days by telephone at (888) 203-1112 or (719) 457-0820 using passcode 9461564 and accessible by webcast via the Internet at www.parkervision.com for a period of 90 days.

About ParkerVision

ParkerVision is focused on the commercialization of its patented RF communication technologies that enable significant advancements in wireless products and services.

These technologies are described collectively as Energy Signal Processing (ESP(TM)). ESP optimally processes RF waveform energy, eliminating costly and inefficient circuit processes inherent in traditional RF designs.

ParkerVision's solutions will initially address key needs for extended battery life, reduced cost and higher performance in mobile handsets as the cellular industry migrates to next generation networks. The company's extended business strategy targets additional market opportunities in communications and networking where it can leverage its ESP technologies for products and services in an increasingly wireless world.

(PRKR-I)

Safe Harbor Statement

This press release contains forward-looking information. Readers are cautioned not to place undue reliance on any such forward-looking statements, each of which speaks only as of the date made. Such statements are subject to certain risks and uncertainties which are disclosed in the Company's SEC reports, including the Form 10K for the year ended December 31, 2007. These risks and uncertainties could cause actual results to differ materially from those currently anticipated or projected.


                   Summary of Results of Operations
             in thousands (except for per share amounts)

                                Three Months Ended     Year Ended
                                   December 31,       December 31,
                                ------------------ -------------------
                                  2007      2006     2007      2006
                                --------- -------- --------- ---------
Revenue, net                     $     0  $     0  $    283  $      0
Cost of services sold                  0        0       251         0
                                --------- -------- --------- ---------
Gross margin                           0        0        32         0
                                --------- -------- --------- ---------

Research and development           2,627    2,160    10,700     9,521
Marketing and selling                715      527     2,693     2,118
General, administrative & other    1,544    1,030     5,729     5,228
                                --------- -------  --------  ---------
   Total operating expense         4,886    3,717    19,122    16,867
                                --------- -------- --------- ---------

Interest income and other            213      351       877     1,051
                                --------- -------- --------- ---------

Net loss                         $(4,673) $(3,366) $(18,213) $(15,816)
                                ========= ======== ========= =========

Basic and diluted loss per
 common share                    $ (0.19) $ (0.14) $  (0.74) $  (0.68)
                                ========= ======== --------- =========


                       Balance Sheet Highlights

                                             December 31, December 31,
                                                 2007         2006
                                             ------------ ------------
Cash, cash equivalents and short term
 investments                                   $   13,401   $   13,226
Other current assets                                1,029        1,147
Property and equipment, net                         1,828        2,094
Other assets, net                                  10,319       10,208
                                             ------------ ------------
  Total assets                                 $   26,577   $   26,675
                                             ============ ============

Current liabilities                            $    1,818   $    1,059
Deferred rent                                         344          433
Shareholders' equity                               24,415       25,183
                                             ------------ ------------
  Total liabilities and shareholders' equity   $   26,577   $   26,675
                                             ============ ============

SOURCE: ParkerVision, Inc.

Cameron Associates
Paul Henning, 212-245-8800
paul@cameronassoc.com
or
ParkerVision, Inc.
Carolyn Wrenn, 888-690-7110
cwrenn@parkervision.com

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