Parkervision (PRKR) AI Stock Analysis

• Market Cap: $36.79M
• Dividend Yield: N/A
• Average Volume (3M): 179.17K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.45
• Revenue Growth: N/A
• EPS Growth: 39.36%
• Country: US
• Employees: 7
• Sector: Technology
• Sector Strength: 88
• Industry: Semiconductors
• EPS (TTM): -0.02
• Shares Outstanding: 141,816,880
• 10 Day Avg. Volume: 248,935
• 30 Day Avg. Volume: 179,170
• PEG Ratio: 0.05
• Price to Book (P/B): -0.56
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -4.95
• Enterprise Value/Market Cap: 0.99
• Enterprise Value/Revenue: 616.20
• Enterprise Value/Gross Profit: -139.29
• Enterprise Value/Ebitda: -3.81
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 46 Neutral
• Price Target: $0.25 ▲(33.68% Upside)
• Action: Reiterated Date: 03/24/26
• Date: Action: Reiterated 03/24/26

The score is primarily held down by weak and volatile financial performance (zero revenue in 2024–2025, ongoing losses/cash burn, and deeply negative equity). Technicals are largely neutral and do not offset fundamentals, while valuation is constrained by loss-making results. A recent debt-for-equity exchange is a mild positive for balance-sheet pressure but comes with dilution.

Positive Factors

IP monetization model

ParkerVision’s core model of licensing and enforcing RF patents is a durable, asset-light revenue approach. If patents are upheld, licensing yields high-margin, low-capex cash flows and allows scale without large manufacturing investments, supporting long-term upside.

Active appellate and litigation program

Ongoing appeals and active litigation (Qualcomm appeal, MediaTek trial scheduling) represent structural catalysts. A favorable appellate ruling or jury verdict could materially strengthen licensing leverage and unlock past-due damages, altering the company’s long-term cash generation profile.

Debt reduction via note-for-share exchange

Converting convertible notes to equity reduces cash interest and near-term debt obligations, easing liquidity pressure. This structurally lowers fixed financing drain and extends runway, albeit at dilution, improving flexibility for ongoing litigation and licensing activities.

Negative Factors

Revenue collapse and concentration

Two consecutive years of zero reported revenue show the company lacks recurring commercial revenue. Reliance on intermittent licensing or litigation proceeds creates volatile, unpredictable cash inflows, making operations and strategic planning dependent on uncertain legal outcomes or future deals.

Persistent negative equity and small asset base

Deeply negative equity and a tiny asset base materially constrain financial flexibility. Limited tangible buffers reduce borrowing capacity and increase creditor scrutiny, raising the likelihood of dilutive financing or unfavorable terms if material cash needs arise over the medium term.

Sustained cash burn

Repeated negative operating and free cash flow indicate the company is consuming liquidity to sustain operations and legal efforts. Without reliable licensing inflows, ongoing burn necessitates external funding, posing dilution or execution risk and challenging medium-term sustainability.

Parkervision Business Overview & Revenue Model

Company Description

ParkerVision, Inc. develops and markets radio frequency technologies and integrated circuits for use in wireless communication products. The company was incorporated in 1989 and is headquartered in Jacksonville, Florida.

How the Company Makes Money

ParkerVision’s revenue model has been primarily tied to monetizing its intellectual property. This includes pursuing patent-licensing arrangements and, when necessary, patent-enforcement actions (litigation) to seek damages or settlements from parties it alleges use its patented technologies. To the extent the company generates operating revenue from products, services, or specific commercial contracts, detailed, consistently reported breakdowns are not available in the prompt and may vary by period; null. Significant partnerships or recurring commercial revenue streams beyond IP monetization are not reliably available from the prompt; null.

Parkervision Financial Statement Overview

Summary

Financials are materially weak and unstable: revenue fell to $0 in 2024–2025 (from $25.0M in 2023), profitability swung to sizable losses, and both operating cash flow and free cash flow were about -$5.1M in 2025. The balance sheet is constrained by persistent negative equity (about -$45M in 2025), increasing funding and downside risk despite relatively modest debt levels.

Income Statement

Results are highly volatile and currently weak. Revenue fell to $0 in 2024 and 2025 (vs. $25.0M in 2023), and profitability swung from strong earnings in 2023 (net income $9.5M, healthy margins) to sizable losses in 2024 and 2025 (net losses of ~$14.5M and ~$7.4M). Gross profit also turned negative in 2024–2025, highlighting poor operating leverage and an unstable revenue base.

Balance Sheet

The balance sheet is stressed by persistent negative equity (about -$45M in 2025), which is a major financial flexibility constraint and increases risk in downturns or funding markets. Debt is relatively modest in absolute dollars (~$3.1M in 2025, down from ~ $5.4M in 2023), but negative equity makes leverage harder to interpret and signals accumulated losses. Total assets remain small (~$5.4M in 2025), limiting the buffer against ongoing losses.

Cash Flow

Cash generation is currently negative, with operating cash flow and free cash flow both around -$5.1M in 2025 (and also negative in 2024). The company did show the ability to generate meaningful cash in 2023 (operating cash flow ~$10.8M, free cash flow ~$10.8M), but the reversion to cash burn in the last two years raises sustainability and funding-risk concerns. Free cash flow is closely tracking net income, but that mainly reflects that both are negative in loss years.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	59.00K	0.00	0.00	25.00M	925.00K	144.00K
Gross Profit	-261.00K	-199.00K	-460.00K	24.77M	915.00K	139.00K
EBITDA	-9.54M	-7.80M	-13.85M	10.20M	-9.18M	-11.71M
Net Income	-10.04M	-7.43M	-14.47M	9.52M	-10.14M	-8.21M
Balance Sheet
Total Assets	1.88M	5.36M	5.88M	4.02M	1.75M	3.44M
Cash, Cash Equivalents and Short-Term Investments	901.00K	4.36M	4.92M	2.56M	109.00K	1.03M
Total Debt	3.37M	3.13M	3.86M	5.41M	5.15M	3.76M
Total Liabilities	51.72M	48.05M	52.29M	43.54M	52.44M	48.22M
Stockholders Equity	-49.84M	-45.10M	-46.41M	-39.52M	-50.69M	-44.78M
Cash Flow
Free Cash Flow	-5.20M	-5.14M	-3.22M	10.79M	-2.96M	-7.71M
Operating Cash Flow	-5.23M	-5.14M	-3.22M	10.79M	-2.96M	-7.70M
Investing Cash Flow	-51.00K	-61.00K	0.00	-2.00K	-4.00K	-3.00K
Financing Cash Flow	5.36M	4.65M	5.57M	-8.34M	2.04M	7.11M

Parkervision Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.19
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For PRKR, the sentiment is Negative. The current price of 0.19 is below the 20-day moving average (MA) of 0.27, below the 50-day MA of 0.25, and below the 200-day MA of 0.27, indicating a neutral trend. The MACD of <0.01 indicates Positive momentum. The RSI at 49.40 is Neutral, neither overbought nor oversold. The STOCH value of 26.67 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for PRKR.

Parkervision Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
MX	49 Neutral	$100.21M	-3.11	-11.40%	―	-7.79%	10.04%
PXLW	48 Neutral	$32.95M	-1.56	109.22%	―	-38.72%	16.01%
PRKR	46 Neutral	$36.79M	-3.78	20.69%	―	―	39.36%
SQNS	46 Neutral	$48.15M	-0.61	-99.13%	―	2.80%	―
MOBX	44 Neutral	$51.97M	-0.30	-2857.36%	―	―	―
GCTS	44 Neutral	$92.76M	-1.52	―	―	-46.98%	-186.82%

Parkervision Corporate Events

ParkerVision Reduces Debt Through Note-for-Share Exchange

On March 13, 2026, ParkerVision, Inc. entered into exchange agreements with certain holders of its outstanding convertible promissory notes, under which those holders agreed to swap the notes’ principal and accrued interest for common shares at an exchange price of $0.21 per share. The transaction was conducted under a registration exemption that applies to exchanges with existing security holders.

In connection with these exchanges on March 13, 2026, the company issued a total of 3,277,099 common shares in return for the cancellation of $675,000 in principal and approximately $13,200 in accrued and unpaid interest, extinguishing the exchanged notes in full. The move reduces ParkerVision’s outstanding debt while expanding its equity base, shifting obligations from noteholders into common stock ownership without paying commissions for the exchange.

The most recent analyst rating on (PRKR) stock is a Hold with a $0.22 price target. To see the full list of analyst forecasts on Parkervision stock, see the PRKR Stock Forecast page.