ParkerVision, Inc.
05.11.15

ParkerVision Reports First Quarter 2015 Results

Management to Host Conference Call and Webcast Today at 4:30 p.m. ET

JACKSONVILLE, Fla., May 11, 2015 (GLOBE NEWSWIRE) -- ParkerVision, Inc. (Nasdaq:PRKR), a developer and marketer of semiconductor technology solutions for wireless applications, today announced results for the three-months ended March 31, 2015.

First Quarter 2015 Business Highlights and Recent Developments

Jeffrey Parker, Chairman and Chief Executive Officer, commented, "As we await a decision from the appellate court in our first Qualcomm action, we continue to actively pursue commercialization opportunities for our technologies as well as additional funding commitments for our current and future enforcement actions. Regardless of the decision in this appellate court case, our focus remains on the next steps, both short and long term, to achieve recognition of our technological achievements and their contributions to the wireless communications industry."

First Quarter 2015 Financial Results

Conference Call

The Company will host a conference call and webcast on May 11, 2015 at 4:30 p.m. Eastern to review its first quarter 2015 financial results. The conference call will be accessible by telephone at 1-877-561-2750, at least five minutes before the scheduled start time. International callers should dial 763-416-8565. The conference call may also be accessed by means of a live webcast on our website at http://ir.parkervision.com/events.cfm. The conference webcast will also be archived and available for replay on our website at www.parkervision.com for a period of 90 days.

About ParkerVision

ParkerVision, Inc. designs, develops and markets its proprietary radio-frequency (RF) technologies that enable advanced wireless solutions for current and next generation communications networks. Protected by a highly-regarded, worldwide patent portfolio, the Company's solutions for wireless transfer of RF waveforms address the needs of a broad range of wirelessly connected devices for high levels of RF performance coupled with best-in-class power consumption. For more information please visit www.parkervision.com(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, 2014 and the Form 10Q for the quarter ended March 31, 2015. These risks and uncertainties could cause actual results to differ materially from those currently anticipated or projected.

ParkerVision, Inc.
Summary of Results of Operations (unaudited)
     
  Three Months Ended
(in thousands, except per share amounts) March 31,
  2015 2014
Revenue  $ 0  $ 0
Cost of sales 0 0
Gross margin 0 0
     
Research and development expenses  1,757  2,264
Marketing and selling expenses  486  657
General and administrative expenses  3,544  2,873
Total operating expenses  5,787  5,794
     
Interest and other income and interest expense  11  22
     
Net loss  $ (5,776)  $ (5,772)
     
Basic and diluted net loss per common share  $ (0.06)  $ (0.06)
     
Weighted average shares outstanding  97,440  94,006
 
Balance Sheet Highlights
     
  March 31, 2015 December 31,
  (unaudited) 2014
Cash and available-for-sale securities $ 8,187 $ 11,204
Prepaid and other assets  993  813
Inventories, net  96  66
Property and equipment, net  608  633
Intangible assets, net  7,885  8,003
Total assets  17,769  20,719
     
Current liabilities  2,753  1,965
Long-term liabilities  109  138
Shareholders' equity  14,907  18,616
Total liabilities and shareholders' equity $ 17,769 $ 20,719
CONTACT: Cindy Poehlman

         Chief Financial Officer

         ParkerVision, Inc

         904-732-6100, cpoehlman@parkervision.com

         or

         Don Markley or

         Glenn Garmont

         The Piacente Group

         212-481-2050, parkervision@tpg-ir.com

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Source: ParkerVision, Inc.

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