NEW YORK--(BUSINESS WIRE)-- Premier Event in Litigation Finance to Feature Innovative Program, One-to-One Meetings, Industry Leaders, and Keynote Speaker Stephen Susman
Amid continued growth and developments in the litigation finance market, the leading companies and executives in the industry will convene at the Second Annual LF Dealmakers Forum to be held in New York on September 18-19. The keynote speaker will be Stephen Susman, one of the nation’s top trial lawyers and founder of Susman Godfrey, a nationally recognized firm specializing in high stakes litigation.
Two hundred executives are scheduled to attend the highly anticipated LF Dealmakers Forum, which has quickly become the signature gathering in the litigation finance space and builds on the success of the inaugural event last year. The exclusive event will be attended by a hand-selected group that includes leading executives from law firms, litigation finance firms, corporations, institutional investors, and advisors.
The forum will feature a mix of interactive sessions, roundtable discussions, and case studies designed to provide attendees with insights into deals, data, and regulatory trends.
LF Dealmakers Forum will also provide attendees with exclusive opportunities to expand referral networks and discuss new business through thirty-minute one-to-one meetings. More than 150 meetings were scheduled at the inaugural LF Dealmakers Forum last year.
“This was the “go-to” conference for litigation funding. The speakers were prepared, the content was strong, and the participants wanted to connect with each other,” said Collin Cox, Partner, Yetter Coleman LLP, following the conclusion of the inaugural event.
A-list attendees include top executives from sponsoring companies such as Longford Capital, Mintz, ME Group, Bentham IMF, Brown Rudnick, Burford, Curiam, Validity, Westfleet Advisors, the D. E. Shaw Group, Houlihan Lokey, HTS, Parabellum, and Therium.
“The LF Dealmakers Forum really delivered on all fronts from the opening keynote to the closing remarks,” said Brian Haan, Partner, Lee Sheikh Megley & Haan about last year’s event. “Candid panel discussions with leading financiers, executives, academics, and attorneys provided invaluable insight through topical debate.”
For more information about the Litigation Finance Dealmakers Forum and to apply for attendance at the limited seating event, please visit https://lfdealmakersforum.com/.
Media and other partnership inquiries may be directed to Wendy Chou at 718-812-6707 or wendy@dealmakersforums.com.
About Dealmakers Forums
Dealmakers Forums specializes in high interaction conferences that bring together select groups of forward-thinking, global executives for meaningful dialogue, debate and dealmaking. Developed in collaboration with industry leading practitioners, our events present timely issues that matter, real case studies, A-list speakers, and our signature one-to-one meetings. For more information about Dealmakers Forums and the 2019 schedule, please visit our website.
View source version on businesswire.com: https://www.businesswire.com/news/home/20190821005329/en/
JACKSONVILLE, FL / ACCESSWIRE / August 14, 2019 / ParkerVision, Inc. (PRKR), a developer and marketer of technologies and products for wireless applications, today announced results for the three and six months ended June 30, 2019.
Second Quarter 2019 Summary and Recent Developments
Second Quarter and First Half Financial Results
Jeffrey Parker, Chairman and Chief Executive Officer, commented, “We are pleased with the recent decisions from the two district courts in Florida and are looking forward to having trial dates set in both of those cases. Our decisions to abandon our appellate actions in Germany were made based on the lengthy timeframe that this process requires, and our belief that the best return for our shareholders and the fairest compensation for the unauthorized use of our technologies can be achieved by focusing our resources on the two U.S. district court actions.”
Mr. Parker continued, “We have significantly reduced operating costs over the past year, and we believe those reductions, paired with additional litigation financing for the completion of our cases in Florida, will enable us to see these cases through to conclusion. Our longer-term goal is to rebuild ParkerVision’s innovative culture and to continue to bring new solutions to the challenges of a wireless world.”
About ParkerVision
ParkerVision, Inc. has designed and developed proprietary radio-frequency (RF) technologies which enable advanced wireless solutions for current and next generation wireless communication products. ParkerVision is engaged in a number of patent enforcement actions to protect patented rights that it believes are broadly infringed by others. For more information, please visit www.parkervision.com. (PRKR-I)
Safe Harbor Statement
This press release contains forward-looking information. Readers are cautioned not to place undue reliance on any such forward-looking statements, each of which speaks only as of the date made. Such statements are subject to certain risks and uncertainties which are disclosed in the Company’s SEC reports, including the Form 10-K for the year ended December 31, 2018 and the Forms 10-Q for the quarters ended March 31 and June 30, 2019. These risks and uncertainties could cause actual results to differ materially from those currently anticipated or projected.
Contact: Cindy Poehlman Chief Financial Officer ParkerVision, Inc. 904-732-6100 cpoehlman@parkervision.com
ParkerVision, Inc. Balance Sheet Highlights
(in thousands) | (unaudited) June 30, 2019 | December 31, 2018 | ||||||
Cash and cash equivalents | $ | 63 | $ | 1,527 | ||||
Prepaid expenses | 637 | 538 | ||||||
Accounts receivable and other current assets | 51 | 122 | ||||||
Finished goods inventories | 58 | 98 | ||||||
Property and equipment, net | 96 | 129 | ||||||
Operating lease right-of-use assets | 364 | - | ||||||
Intangible assets & other | 3,357 | 3,917 | ||||||
Total assets | 4,626 | 6,331 | ||||||
Accounts payable and other accrued expenses | 2,810 | 1,833 | ||||||
Operating lease liabilities, current portion | 264 | 86 | ||||||
Notes payable, current portion | 1,933 | 2,437 | ||||||
Long-term liabilities | 28,305 | 27,285 | ||||||
Shareholders' deficit | (28,686 | ) | (25,310 | ) | ||||
Total liabilities and shareholders' deficit | $ | 4,626 | $ | 6,331 | ||||
ParkerVision, Inc. Summary of Results of Operations (unaudited)
Three Months Ended | Six Months Ended | |||||||||||||||
(in thousands, except per share amounts) | June 30, | June 30, | ||||||||||||||
2019 | 2018 | 2019 | 2018 | |||||||||||||
Product revenue | $ | 25 | $ | 38 | $ | 35 | $ | 115 | ||||||||
Cost of sales | (25 | ) | (31 | ) | (35 | ) | (84 | ) | ||||||||
Write down of obsolete inventory | - | (42 | ) | - | (42 | ) | ||||||||||
Gross margin | - | (35 | ) | - | (11 | ) | ||||||||||
Research and development expenses | - | 1,001 | 334 | 1,875 | ||||||||||||
Selling, general and administrative expenses | 1,851 | 2,902 | 4,007 | 5,879 | ||||||||||||
Total operating expenses | 1,851 | 3,903 | 4,341 | 7,754 | ||||||||||||
Interest and other income (expense) | (76 | ) | (18 | ) | (138 | ) | (32 | ) | ||||||||
Change in fair value of contingent payment obligation | 365 | (538 | ) | 823 | (987 | ) | ||||||||||
Total interest and other | 289 | (556 | ) | 685 | (1,019 | ) | ||||||||||
Net loss | $ | (1,562 | ) | $ | (4,494 | ) | $ | (3,656 | ) | $ | (8,784 | ) | ||||
Basic and diluted net loss per common share | $ | (0.05 | ) | $ | (0.18 | ) | $ | (0.12 | ) | $ | (0.39 | ) | ||||
Weighted average shares outstanding | 30,888 | 24,564 | 30,042 | 22,672 | ||||||||||||
ParkerVision, Inc. Condensed Consolidated Statements of Cash Flows (unaudited)
Three Months Ended | Six Months Ended | |||||||||||||||
(in thousands) | June 30, | June 30, | ||||||||||||||
2019 | 2018 | 2019 | 2018 | |||||||||||||
Net cash used in operating activities | $ | (877 | ) | $ | (2,775 | ) | $ | (2,550 | ) | $ | (6,126 | ) | ||||
Net cash provided by (used in) investing activities | - | 2 | 6 | 17 | ||||||||||||
Net cash provided by (used in) financing activities | 565 | 2,602 | 1,080 | 4,854 | ||||||||||||
Net decrease in cash and cash equivalents | (312 | ) | (171 | ) | (1,464 | ) | (1,255 | ) | ||||||||
Cash and cash equivalents - beginning of period | 375 | 270 | 1,527 | 1,354 | ||||||||||||
Cash and cash equivalents - end of period | $ | 63 | $ | 99 | $ | 63 | $ | 99 | ||||||||
SOURCE: ParkerVision, Inc.