OTCPK:PRKR

Stock Analysis Report

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

Earnings have grown 6.2% per year over the past 5 years

Risk Analysis

Has less than 1 year of cash runway

Makes less than USD$1m in revenue ($77K)

Currently unprofitable and not forecast to become profitable over the next 3 years

Highly volatile share price over past 3 months

+ 2 more risks


Snowflake Analysis

Weak fundamentals or lack of information.


Similar Companies

Network-1 Technologies

AMEX:NTIP

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

PRKRIndustryMarket
7 Day72.7%-1.3%1.5%
30 Day23.9%-3.7%1.4%
90 Day442.9%3.7%8.7%
1 Year192.3%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

companyn/amarketbottom25%1.4%markettop25%3.7%industryaverage3.0%forecastin3Yearsn/a

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

NamePositionTenureCompensationOwnership
Jeffrey Parker
Chairman & CEO30.5yrsUS$321.50k1.49% $300.5k
Cynthia Poehlman
CFO & Corporate Secretary15.7yrsUS$205.96k0.14% $28.6k
David Sorrells
CTO & Director23.4yrsUS$254.45k0.22% $45.2k
Gregory Rawlins
Chief Technology Officer of Heathrow2.6yrsUS$228.85k0.19% $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

NamePositionTenureCompensationOwnership
Jeffrey Parker
Chairman & CEO30.5yrsUS$321.50k1.49% $300.5k
Paul Rosenbaum
Independent Director3.2yrsUS$57.62k1.44% $290.4k
Frank Newman
Independent Director3.2yrsUS$57.62k0.36% $72.7k
Robert Sterne
Independent Director13.4yrsUS$84.29k0.14% $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

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
PRKROTCPK (Pink Sheets LLC)YesCommon StockUSUSDDec 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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/16 23:48
End of Day Share Price2020/02/14 00:00
Earnings2019/09/30
Annual Earnings2018/12/31


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.