ParkerVision
Market Cap
US$20.2m
Last Updated
2020/02/16 23:48 UTC
Data Sources
Company Financials
Executive Summary
ParkerVision, Inc. designs, develops, and markets radio frequency technologies and integrated circuits for use in wireless communication products in the United States.
Rewards
Risk Analysis
Currently unprofitable and not forecast to become profitable over the next 3 years
+ 2 more risks
Snowflake Analysis
Weak fundamentals or lack of information.
Similar Companies
Share Price & News
How has ParkerVision's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: PRKR's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
72.7%
PRKR
-1.3%
US Communications
1.5%
US Market
1 Year Return
192.3%
PRKR
-5.8%
US Communications
20.1%
US Market
Return vs Industry: PRKR exceeded the US Communications industry which returned -5.1% over the past year.
Return vs Market: PRKR exceeded the US Market which returned 20.1% over the past year.
Shareholder returns
| PRKR | Industry | Market | |
|---|---|---|---|
| 7 Day | 72.7% | -1.3% | 1.5% |
| 30 Day | 23.9% | -3.7% | 1.4% |
| 90 Day | 442.9% | 3.7% | 8.7% |
| 1 Year | 192.3%192.3% | -3.8%-5.8% | 22.7%20.1% |
| 3 Year | -74.1%-74.1% | 33.1%25.0% | 50.1%40.5% |
| 5 Year | -94.5%-94.5% | 59.4%41.7% | 73.1%54.1% |
Price Volatility Vs. Market
How volatile is ParkerVision's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Valuation
Is ParkerVision undervalued compared to its fair value and its price relative to the market?
In this section, we usually try to help investors determine whether ParkerVision is trading at an attractive price based on the cash flow it is expected to produce in the future. But as ParkerVision has not provided consistent financial data, and the stock also has no analyst forecast or coverage, its intrinsic value cannot be reliably calculated by extrapolating past data or using analyst consensus cash flow predictions.
This is quite a rare situation as 89% of companies covered by Simply Wall St do have a valuation analysis.
Next Steps
- Take a look at our analysis of PRKR’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
- When valuing a company like this, investors focus more on how they perceive the size of the opportunity, the company's ability to deliver and scale, and the strength of the team. While we are not analysing this type of data at the moment, if you don’t know where to start, we recommend reading through ParkerVision regulatory filings here.
- Explore potentially undervalued companies in the Tech industry.
Future Growth
How is ParkerVision forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
13.1%
Forecasted Tech industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as ParkerVision has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
Next Steps
- Take a look at our analysis of PRKR’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
- While we do not consider unaudited financials to be a reliable enough to include in our analysis, you can access them on the OTC Markets Website. If you are looking for more of a qualitative research into the company, you can access ParkerVision's filings and announcements here.
- Explore growth companies in the Tech industry.
Past Performance
How has ParkerVision performed over the past 5 years?
6.2%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: PRKR is currently unprofitable.
Growing Profit Margin: PRKR is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: PRKR is unprofitable, but has reduced losses over the past 5 years at a rate of 6.2% per year.
Accelerating Growth: Unable to compare PRKR's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: PRKR is unprofitable, making it difficult to compare its past year earnings growth to the Communications industry (-25.2%).
Return on Equity
High ROE: PRKR's liabilities exceed its assets, so it is difficult to calculate its Return on Equity.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is ParkerVision's financial position?
Financial Position Analysis
Short Term Liabilities: PRKR has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: PRKR has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.
Debt to Equity History and Analysis
Debt Level: PRKR has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: PRKR's has negative shareholder equity, so we do not need to check if its debt has reduced over time.
Balance Sheet
Inventory Level: PRKR has a low level of unsold assets or inventory.
Debt Coverage by Assets: PRKR has negative shareholder equity (liabilities exceed assets) therefore debt is not covered by short term assets.
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: PRKR has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: PRKR has less than a year of cash runway if free cash flow continues to grow at historical rates of 14.3% each year.
Next Steps
Dividend
What is ParkerVision's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: Unable to evaluate PRKR's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate PRKR's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if PRKR's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if PRKR's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of PRKR's dividend in 3 years as they are not forecast to pay a notable one for the US market.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
19.5yrs
Average management tenure
CEO
Jeffrey Parker (62yo)
30.5yrs
Tenure
US$321,500
Compensation
Mr. Jeffrey L. Parker is the Co-Founder of ParkerVision Inc. and has been its Chairman and Chief Executive Officer since August 1989. Mr. Parker served as the President at Parkervision Inc. from April 1993 ...
CEO Compensation Analysis
Compensation vs Market: Jeffrey's total compensation ($USD321.50K) is below average for companies of similar size in the US market ($USD521.92K).
Compensation vs Earnings: Jeffrey's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & CEO | 30.5yrs | US$321.50k | 1.49% $300.5k | |
| CFO & Corporate Secretary | 15.7yrs | US$205.96k | 0.14% $28.6k | |
| CTO & Director | 23.4yrs | US$254.45k | 0.22% $45.2k | |
| Chief Technology Officer of Heathrow | 2.6yrs | US$228.85k | 0.19% $38.6k |
19.5yrs
Average Tenure
61yo
Average Age
Experienced Management: PRKR's management team is seasoned and experienced (19.5 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & CEO | 30.5yrs | US$321.50k | 1.49% $300.5k | |
| Independent Director | 3.2yrs | US$57.62k | 1.44% $290.4k | |
| Independent Director | 3.2yrs | US$57.62k | 0.36% $72.7k | |
| Independent Director | 13.4yrs | US$84.29k | 0.14% $27.5k |
8.3yrs
Average Tenure
71.5yo
Average Age
Experienced Board: PRKR's board of directors are considered experienced (8.3 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Ownership Breakdown
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 33.6%.
Top Shareholders
Company Information
ParkerVision, Inc.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: ParkerVision, Inc.
- Ticker: PRKR
- Exchange: OTCPK
- Founded: 1989
- Industry: Communications Equipment
- Sector: Tech
- Market Cap: US$20.224m
- Shares outstanding: 35.48m
- Website: https://www.parkervision.com
Number of Employees
Location
- ParkerVision, Inc.
- 7915 Baymeadows Way
- Suite 400
- Jacksonville
- Florida
- 32256
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| PRKR | OTCPK (Pink Sheets LLC) | Yes | Common Stock | US | USD | Dec 1993 |
Biography
ParkerVision, Inc. designs, develops, and markets radio frequency technologies and integrated circuits for use in wireless communication products in the United States. It offers WiFi products, including a two-unit system designed for coverage areas of up to 2,500 square feet; a three-unit system designed for coverage areas of up to 3,750 square feet; and a single-unit system for consumers and small businesses, as well as vertical markets, such as Internet service providers. The company sells its products under the Milo brand name. ParkerVision, Inc. was founded in 1989 and is headquartered in Jacksonville, Florida.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/02/16 23:48 |
| End of Day Share Price | 2020/02/14 00:00 |
| Earnings | 2019/09/30 |
| Annual Earnings | 2018/12/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.