ParkerVision — Nine Months Ended September 30, 2026 Earnings Summary

Financial Performance:

• Reported a net loss of $0.5 million ($0.00 per share) for the nine months ended September 30, 2026, compared to a net loss of $7.4 million ($0.06 per share) for the same period in 2025.
• Operating expenses decreased by $3.0 million (46%) to $3.6 million in the nine-month period, driven by a $2.1 million reduction in share-based compensation and a $0.9 million reduction in outside professional fees.
• Recognized a $3.4 million gain from a decrease in the fair value of contingent payment obligations, contrasting with a $0.5 million loss from an increase in fair value in the prior year period.
• Net cash used in operating activities was $2.5 million for the nine months ended September 30, 2026, compared to $4.1 million in the prior year period.
• Ended the quarter with $1.6 million in cash and cash equivalents, down from $4.4 million at the beginning of the period.
• Total assets stood at $2.8 million as of September 30, 2026, down from $5.4 million at December 31, 2025.
• Contingent payment obligations on the balance sheet decreased to $42.7 million from $46.1 million at the end of 2025.

Risks and Challenges:

• The company faces risks related to adverse developments or delays in legal proceedings, including changes in litigation schedules and unfavorable court decisions.
• Potential risks include the loss or unavailability of key expert witnesses, the availability of funding for continued operations and litigation, and changes in the legal or regulatory environment.
• Financial estimates and assumptions regarding the fair value of contingent payment obligations and the ability to support ongoing operations involve known uncertainties.

Management Commentary and Tone:

• CEO Jeffrey Parker stated that while the bifurcation of the Qualcomm case is inefficient, the appellate court's decision does not impact the merits of the case.
• Management expressed eagerness to pursue a jury trial on transmitter claims expeditiously and intends to pursue appellate review of the 2025 claim construction ruling regarding receiver claims.
• The CEO indicated hope that trial schedules will be set soon for the MediaTek and Realtek cases, which are described as "primed and ready for trial."
• Management expressed curiosity regarding communications between high-level government officials and the National Archives concerning the 2014 Qualcomm jury verdict, noting the DOJ's indication of unusually in-depth interaction required.

Other Key Points:

• On September 30, 2026, an appellate court ruled it lacked jurisdiction over an expedited appeal filed in October 2025 in ParkerVision v. Qualcomm, remanding the case to the middle district of Florida for proceedings on transmitter patent claims only.
• On August 31, 2026, the Company filed a FOIA complaint against the National Archives and Records Administration (NARA) with The Oversight Project to compel production of documents related to the prior Qualcomm patent infringement case; NARA has until November 13, 2026, to respond.
• Judge Albright retired from the bench on August 31, 2026, and the Company is awaiting reassignment of its MediaTek case and trial schedules for both MediaTek and Realtek cases.
• The decrease in the fair value of contingent payment obligations was attributed to changes in the estimated timing and amount of projected future cash flows due to the Qualcomm case bifurcation and increases in risk-free rates of return used in discount rate calculations.
• The Company reported no licensing revenue for the nine months ended September 30, 2026, or the corresponding period in 2025.