ParkerVision, Inc. reported a net loss of approximately $3.8 million for the first quarter of 2025, a significant increase from the $693,000 loss recorded in the same period of the previous year. The company did not generate any revenue during the quarter, consistent with the previous year, while total operating expenses rose to $1.2 million, up from $773,000 in the first quarter of 2024. The increase in expenses was primarily attributed to higher litigation fees, consulting costs, and accounting fees, reflecting the company's ongoing efforts to enforce its intellectual property rights.
As of March 31, 2025, ParkerVision's total assets decreased to $4.3 million from $5.9 million at the end of 2024, driven by a decline in cash and cash equivalents, which fell to $3.3 million from $4.9 million. The company's current liabilities increased to $2.9 million, including $1.6 million in convertible debt due within the next twelve months. The accumulated deficit also widened to approximately $452 million, raising concerns about the company's ability to continue as a going concern over the next year.
ParkerVision's operational focus remains on patent enforcement and licensing, with ongoing litigation against various technology companies for alleged patent infringements. The company has made substantial investments in its patent portfolio and is actively pursuing legal actions to protect its intellectual property. The fair value of its secured and unsecured contingent payment obligations increased to $49.1 million as of March 31, 2025, reflecting changes in projected future cash flows related to these obligations.
Looking ahead, ParkerVision anticipates that its ability to meet liquidity needs will depend on successfully negotiating licensing agreements and managing operating costs. The company acknowledges that the timing and amount of potential proceeds from its patent enforcement actions are unpredictable, which could impact its financial stability. ParkerVision plans to continue investing in its patent licensing and enforcement programs, but it may need to seek additional capital to support its operations if cash flows do not improve.
About PARKERVISION INC
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