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ParkerVision Inc. Reports Operating Results (10-Q)

Nov 14, 2011 | About:
10qk
10qk

ParkerVision Inc. (PRKR) filed Quarterly Report for the period ended 2011-09-30.

Parkervision Inc. has a market cap of $69.95 million; its shares were traded at around $1.04 with and P/S ratio of 1092.93.


This is the annual revenues and earnings per share of PRKR over the last 10 years. For detailed 10-year financial data and charts, go to 10-Year Financials of PRKR.


Highlight of Business Operations:

We had no product or royalty revenue for the three or nine month periods ended September 30, 2011. For the nine months ended September 30, 2010, we recognized approximately $17,000, or 27%, in gross margin on approximately $64,000 in engineering services revenue for the completion of a fixed-price service contract with ITT Corporation (“ITT”). The contract was for the purpose of incorporating our commercially developed d2p integrated circuits into a highly integrated transceiver for demonstration of device performance to one of ITT s military customers.

Marketing and selling expenses consist primarily of marketing and sales personnel costs, including share-based compensation and travel costs, and outside professional fees. Marketing and selling expenses decreased approximately $86,000, or 20%, during the three months ended September 30, 2011 when compared to the same period in 2010. This decrease is primarily due to a reduction in employee share-based compensation expense of approximately $115,000, offset by an increase in outside professional fees of approximately $32,000.

Read the The complete Report

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