PARKERVISION INC

We are in the business of innovating and licensing our fundamental wireless technologies. We design and develop proprietary radio frequency ("RF") technologies and integrated circuits based on those technologies, which we then license to others for use in wireless communication products. We have invested significant resources in researching and developing our RF technologies and securing patent protection for them in the U.S. and certain foreign jurisdictions. Our primary business focus is enforcing our intellectual property rights through licensing efforts and patent infringement litigation, due to what we believe is broad infringement of our patented technologies. We operate as a single operating and reportable segment. We currently have five licensees, all of whom resulted from our patent enforcement efforts. We have ongoing patent enforcement actions in various U.S. district courts against providers of mobile handsets, smart televisions, other WiFi products, and semiconductor suppliers, for infringement of several of our RF patents. We spent the majority of 2025 supporting our current patent enforcement actions, including defending Inter Partes Review ("IPR") actions filed against us. We currently have nine patent enforcement actions pending in the Western District of Texas against five separate foreign defendants and one domestic defendant. Two cases were scheduled for trial in March 2026 and April 2026, with the March 2026 case postponed. Six of these actions, against five separate defendants, are currently stayed pending results from other related actions, including IPRs. Additionally, we have a patent enforcement action against Qualcomm that has been granted an expedited appeal by the Court of Appeals for the Federal Circuit ("CAFC").