ParkerVision Reports $5.4 Million Net Loss and Increased Operating Expenses for First Half of 2025

ParkerVision, Inc. reported a net loss of approximately $5.4 million for the six months ended June 30, 2025, compared to a loss of $1.0 million during the same period in 2024. The company did not recognize any revenue in either period, maintaining a consistent trend of zero revenue. Total operating expenses surged to $5.1 million for the first half of 2025, a significant increase from $1.5 million in the prior year, primarily driven by a substantial rise in selling, general, and administrative expenses, which increased by 249.1% year-over-year. The increase was largely attributed to a one-time charge of $2.5 million related to share-based compensation modifications for executives and key employees.

ParkerVision's financial position showed a decline, with total current assets decreasing to $2.3 million as of June 30, 2025, down from $5.0 million at the end of 2024. The company's cash and cash equivalents also fell to $2.0 million from $4.9 million during the same period. Current liabilities increased slightly to $2.5 million, including approximately $1.1 million in convertible debt due within the next twelve months. The accumulated deficit grew to $453.6 million, reflecting ongoing operational losses and the lack of revenue generation.

In terms of operational developments, ParkerVision continues to focus on patent enforcement actions against various technology companies, including Qualcomm and Apple, for alleged patent infringements. The company has ongoing litigation in multiple U.S. district courts, which it funds through contingency fee arrangements and third-party litigation financing. The outcome of these cases is critical for the company's future revenue potential, as it relies heavily on the successful enforcement of its intellectual property rights.

Looking ahead, ParkerVision faces significant liquidity challenges, with management expressing substantial doubt about its ability to continue as a going concern over the next year. The company anticipates that proceeds from patent enforcement actions may not be sufficient to cover its working capital needs. As a result, ParkerVision may need to seek additional capital through debt or equity financing or reduce operating costs to sustain its operations. The management's outlook emphasizes the importance of negotiating licensing agreements and controlling expenses to navigate the current financial landscape effectively.