Start here if you're new
what it is
It invents and licenses radio-frequency tech for wireless devices.
how it gets paid
Last year Parkervision made $0 in revenue.
what just happened
ParkerVision posted $0 of revenue and a $0.13 loss per share.
At a glance
C++ balance sheet — some cracks in the foundation
40/100 earnings predictability — expect surprises
561.0% return on capital — a money-printing machine
-$0.16 fy2024 eps est
$25M fy2023 rev est
xvary composite: 32/100 — weak
What they do
It invents and licenses radio-frequency tech for wireless devices.
ParkerVision owns three named RF technologies: DPC, D2P, and Universal Direct Conversion Receiver. You are not buying a factory; you are buying patent claims, and that keeps overhead light. VL says it has 7 employees and $2M of long-term debt, so the whole machine stays tiny.
How they make money
$0
annual revenue
The products that matter
monetizes patent portfolio
Patent Licensing & Litigation
$901 · 100% of current reported revenue
it's the entire current revenue stream, and in Q3 2025 that stream was $901. if litigation does not turn into licensing cash, there is nothing else here to carry results.
100% of current revenue
develops RF intellectual property
RF Technology R&D
$300M+ historical spend
the company says it has invested over $300M in R&D historically. that's the source of the patents, but it produces no current product sales on this page.
asset without operating revenue
Key numbers
$0
annual sales
No sales means the company lives on external capital and legal wins.
$36M
market cap
That is the price of the story today, even with no revenue.
7
employees
A seven-person company cannot hide big operating bloat.
$2M
long-term debt
Debt is small, but it still matters when revenue is zero.
Financial health
C++
strength
- balance sheet grade C++ — below average — limited financial resources
- risk rank 5 — safer than 5% of stocks
- price stability 5 / 100
- long-term debt $2M (4% of capital)
C++ — below average. watch for debt servicing and cash burn.
Total return vs. market
Return history isn't available for PRKR right now.
source: institutional data · return history unavailable
What just happened
missed estimates
ParkerVision posted $0 of revenue and a $0.13 loss per share.
EDGAR showed no sales in the latest quarter. That leaves the stock tied to licensing news, not recurring demand.
$0
revenue
-$0.13
eps
n/a
n/a
revenue
The whole report was the $0 revenue line. No sales means there is still no operating engine.
source: company earnings report, 2025
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What could go wrong
the #1 risk is the patent cases failing to turn into cash. this is not a normal semiconductor operating story. latest reported revenue was $0 in Q2 2025 and $901 in Q3 2025.
med
A weak court outcome leaves the business with almost no revenue base
Parkervision's current model relies on enforcement and licensing, not product sales. If appeals or infringement claims fail, there is no operating engine in this page's numbers to absorb the miss.
The quantifiable problem is simple: Q2 2025 revenue was $0, and Q3 2025 revenue was $901. That is the revenue cushion.
med
Funding pressure can move from debt to share count
The March 13, 2026 debt-for-equity exchange reduces liabilities, but it also tells you how financing risk gets handled here. When cash generation is weak, existing holders can become the funding source.
With a ~$36M market cap and $2M of long-term debt, even small financing decisions matter to per-share value.
med
Some headline metrics look better than the underlying business
A 99.09% gross margin and n/a return on capital can read like strength. In context, they are distorted by tiny revenue and an asset-light legal model rather than by a thriving operating business.
If you focus on the percentage metrics and ignore the $901 revenue line, you are reading the stock backward.
A forced reduction in debt helps. It does not fix the real issue: this page still shows a company with legal optionality, thin operating revenue, and little margin for delay.
source: institutional data · regulatory filings · risk analysis
Pay attention to
capital structure
Debt-for-equity exchange
On March 13, 2026, Parkervision agreed to exchange debt for shares. That buys time, but you pay for it with dilution rather than cash.
legal catalyst
Qualcomm appeal timeline
The appeal is the nearest large binary event in the story. If you own PRKR, this matters more than most operating metrics on the page.
earnings
Next earnings report
Estimated for March 23, 2026. The key question is not growth. It is whether reported revenue is still effectively zero.
revenue quality
Anything above symbolic revenue
The latest reported figures were $0 in Q2 2025 and $901 in Q3 2025. Until those numbers become real operating revenue, every valuation argument is speculative.
Analyst rankings
earnings predictability
40 / 100
in human-speak, the income statement can change fast because legal outcomes matter more than recurring demand.
risk rank
5
the model says this is safer than only 5% of stocks. translation: the market treats PRKR as a very risky name.
price stability
5 / 100
price stability is almost nonexistent. You should expect wide moves around legal headlines and financing events.
source: institutional data
Institutional activity
institutional ownership data for PRKR is being compiled.
source: institutional data
Price targets
3-5 year target range
n/a
n/a
$0
current price
n/a
target midpoint · n/a from current
Want the deeper analysis?
The full deep dive: dcf model, scenario analysis, competitive moat breakdown, and quarterly tracking — everything on this page, taken further.
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