Parkervision (PRKR) saw its loss widen to $5.67 million, or $0.43 a share for the quarter ended Dec. 31, 2016. In the previous year period, the company reported a loss of $3.32 million, or $0.33 a share. On the other hand, adjusted net loss for the quarter narrowed to $3.12 million, or $0.23 a share from a loss of $3.20 million or $0.32 a share, a year ago.
Operating loss for the quarter was $3.83 million, compared with an operating loss of $3.32 million in the previous year period.
Jeffrey Parker, chairman and chief executive officer, commented, "We are pleased to have made progress with our international licensing program in 2016 by negotiating a settlement and securing a license agreement with Samsung, a major milestone that underscores our objective to receive fair compensation for the use of our intellectual property. We continue to remain optimistic that we will achieve a resolution with additional parties, and although we have suspended our investigation at the ITC, we plan to move expeditiously on requesting a lift of the stay in the parallel district court case currently pending in the Middle District of Florida. In Germany, the merits of our three cases continue to progress with hearings scheduled in May and June 2017."
Operating cash flow remains negativeParkervision has spent $14.36 million cash to meet operating activities during the year as against cash outgo of $11.62 million in the last year. Cash flow from investing activities was $1.62 million for the year, down 80.84 percent or $6.82 million, when compared with the last year.
Cash flow from financing activities was $13.74 million for the year, up 337.61 percent or $10.60 million, when compared with the last year.
Cash and cash equivalents stood at $1.17 million as on Dec. 31, 2016, up 568 percent or $0.99 million from $0.18 million on Dec. 31, 2015.
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