New CEO, CoB Appointments for Inseego Corp (NASDAQ:INSG) Lifts Shares

Inseego Corp (NASDAQ:INSG)

Inseego Corp (NASDAQ:INSG) gained over 15% in the market on Thursday to end the day at $1.13. The move upwards follows two days of the shares trading under $1 and establishing a new 52-week low. Trading was heavy. INSG shares have a 30-day, daily average volume of 207,800 but traded over 1.1 million shares in today’s trading.

The move was motivated by news out of Inseego Corp (NASDAQ:INSG) announcing that their CEO, Sue Swenson, was being replaced by Dan Mondor. Mr. Mondor is a veteran telecommunications executive with extensive knowledge of domestic and international markets and strong relationships in the global enterprise, telco, and mobility markets. After a 16+ year career at Nortel Networks, Mr. Mondor served as CEO of a number of public and private communications-related companies. Also announced was Phillip Falcone’s election to the Chairmanship of the Board of Directors. Mr. Falcone has a finance background with decades of experience in leveraged finance, distressed debt, and special situations investing.

Interestingly, the Board today decided to terminate the agreement to sell its MiFi business to TCL that was announced in September of 2016. Reports estimate that the move will save Inseego Corp (NASDAQ:INSG) $15 million annually. The same reports claim the move will move the company into profitability in 2018.

Inseego Corp (NASDAQ:INSG) develops software-as-a-service (SaaS) solutions and solutions for Internet of Things (IoT) for the telematics market. It serves wireless operators, distributors, original equipment manufacturers, and companies in vertical markets through direct sales force and distributors. The company was formerly known as Novatel Wireless Inc. and changed its name to Inseego Corp. in November 2016. Inseego Corp. was founded in 1996 and is based in San Diego, California.

Two investment firms follow Inseego Corp (NASDAQ:INSG). Both firms rate INSG shares as a “Strong Buy” with a consensus price target of $4.00.

I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. All information, or data, is provided with no guarantees of accuracy.

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About the author: Marc has a degree in economics and a MSc. in Finance. Over his 20-year career, Marc has worked for global investment firms in Europe and the United States as an analyst, fund manager, and consultant.

DragonWave, Inc. (USA) (NASDAQ:DRWI) Explodes On NASDAQ Delisting Reversal

DragonWave, Inc. (USA) (NASDAQ:DRWI)

DragonWave, Inc. (USA) (NASDAQ:DRWI) has regained compliance with the NASDAQ having been hit with a delisting notice for failing to meet the minimum shareholders’ equity of $2.5 million. However, the company’s continued listing on the NASDAQ is still subject to meeting certain milestones which includes ensuring the minimum shareholder equity stands at $2.5 million.

While the company’s listing on the Toronto Stock Exchange is not impacted by the decision, DragonWave maintains it is working round the clock to meet the minimum requirement.

SmartSky Contract

Separately, the global supplier of packet microwave radio systems says it has inked a product supply and services contract with SmartSky Networks. The North American 4G LTE inflight service provider is to deploy the company’s Harmony Enhanced and Harmony Enhanced MC products as part of the contract.

“The DragonWave Harmony Enhanced MC product solution offers our desired capacity requirements for SmartSky. Harmony Enhanced MC delivers simple installation, operation, and sophisticated remote management, so we are thrilled to partner with them to further enhance SmartSky’s capabilities, “said SmartSky Networks vice president of services Dave Claassen.

SmartSky is in the process of deploying its coast-to-coast national network having recently secured $170 million Series B financing.

Disappointing Q4 Earnings

The signing of the contract with SmartSky comes on the heels of DragonWave, Inc. (USA) (NASDAQ:DRWI) posting disappointing financial results for its fourth quarter. The company has been experiencing difficult operating conditions after having posted a net loss of $3.9 million. Revenue for the fourth quarter tanked to $8 million from $10.2 million in the third quarter.

DragonWave, Inc. (USA) (NASDAQ:DRWI) Operating expense for F2017 dropped by $9.9 million compared to the previous fiscal year, to $27.9 million, having dropped to $6.7 million in the fourth quarter compared to $7 million as of the third quarter.

“Our results in Q4 reflect the difficult operating conditions. Earlier this year we communicated that we had made a restructuring proposal to our credit facility partners to reduce operating expenses and address working capital. In co-operation with our secured lenders we have engaged Alvarez & Marsal Canada ULC to assist us with the identification and assessment of strategic alternatives in relation to short-term liquidity requirements,” said CEO, Peter Allen.

DragonWave, Inc. (USA) (NASDAQ:DRWI) exited the fourth quarter with cash and cash equivalent of $4.1 million compared to $4.5 million as of the end of the third quarter.

DragonWave, Inc. (USA) (NASDAQ:DRWI) stock ended Wednesday trading session at $1.13 a share having rallied by 75.19%.

I have no positions in any of the stocks mentioned, and have no plans to initiate any positions within the next 72 hours. All information, including any data, is provided without any guarantees of accuracy.

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About the author: Monica Grey has an undergraduate degree in Accounting and an MBA she earned – with Honors. She has six years of experience in the financial markets and has been an analyst for the past two years.

Microsoft Corporation (NASDAQ:MSFT) Seems Bullish on One Horizon Group Inc. (NASDAQ:OHGI)

One Horizon Group Inc. (NASDAQ:OHGI)

Shares of One Horizon Group Inc. (NASDAQ:OHGI) continue to edge higher in the market in the wake of software giant Microsoft Corporation (NASDAQ:MSFT) reiterating that it is destined for global growth on leveraging Azure Cloud capabilities. The Mobile VoIP software company has successfully shortened its sales cycle and improved time to market by combining its VoIP technology with the Azure cloud platform.

Azure Cloud Integration

The Azure cloud platform has been of great help to One Horizon Group Inc. (NASDAQ:OHGI) as it has helped replace expensive infrastructure requirement thereby gaining efficiencies for the VoIP technology firm. The replacement has also helped the company develop a competitive edge in the industry with its groundbreaking SmartPacket mobile VoIP.

Microsoft remains confident about the company’s prospects on the global scene given that its SmartPacket VoIP platform has proved to be effective in improving efficiency by which voice signals are transmitted to the internet from smartphones. According to the tech giant, reduction in mobile bandwidth consumption and battery usage are some of the benefits that should differentiate One Horizon from the competition.

One Horizon Group Inc. (NASDAQ:OHGI) CEO, Brian Collins, has already pointed out that carriers have started to take note of the company’s VoIP technology.

“Carriers are realizing that with our technology we solve a very real problem as well as unlocking value through an additional and otherwise lost customer roaming revenue stream. Today, our technology is live in seven emerging markets. Naturally, as we continue to grow, we will need to become more operationally efficient and utilize technology that will support our growth initiatives,” said Mr. Collins.

Stock Performance

Microsoft’s remarks have given One Horizon Group Inc. (NASDAQ:OHGI) a boost in the market after the stock came under immense selling pressure recently. A wider than expected net loss of $1.3 million in the first quarter plunged the stock in the market as investors continued to question its growth prospects. A delisting notice from the NASDAQ fueled speculation about the VoIP software provider’s future.

One Horizon Group Inc. (NASDAQ:OHGI) has since regained NASDAQ compliance after its stock price rallied above the $1 a share trading mark. The big question now is whether the stock will continue to edge higher on the momentum.

The stock of One Horizon Group Inc. (NASDAQ:OHGI) was a big mover in Tuesday’s trading session – rallying by 69.12% and ending the day at $1.15 a share. Since the start of the month, the stock has traded higher on increased volume.

I have no positions in any of the stocks mentioned, and have no plans to initiate any positions within the next 72 hours. All information, including any data, is provided without any guarantees of accuracy.

Don’t miss out! Stay informed on $OHGI and receive breaking news on other hot stocks by signing up for our free newsletter!

About the author: James Marion is a University of Houston student studying Business with a concentration in Finance. James has interned with several investment professionals and hopes to pursue a career as a professional stock analyst after graduation.

Dolat Ventures Inc. (OTCMKTS:DOLV) Patents Key To Growth

Dolat Ventures Inc. (OTCMKTS:DOLV)

Dolat Ventures Inc. (OTCMKTS:DOLV) shares have come to life in recent weeks after its acquisition by Chinese businessman DeQuen Wang. Fueling investor sentiment on the stock is the fact that the company, backed by a vast portfolio of valuable patents, has set its eyes on the Chinese electric car market.

Patent Portfolio

Dolat Ventures Inc. (OTCMKTS:DOLV) manufactures batteries commonly used in electric cars. The company possesses a number of patented technologies that it claims will help it increase battery life while also reducing operating costs. The company is in the process of commercializing its solutions as it seeks it address the problems faced by battery manufacturers.

The global electric vehicle market is switching to long range electric vehicles that can provide up to 200+ miles on a single charge. The development should be of great benefit to Dolat Ventures which claims to own the technology that can enable that vision. Companies that can provide higher battery capacity are sure to elicit strong interest from giant auto companies looking to upgrade their electric car technologies.

“[…] EVs with a 200-mile range will be launched by GM (Chevrolet Bolt) and Tesla (Model 3). Most of the leading OEMs will re-launch their flagship models as second-generation models. BMW i3 and Ford Focus Electric will be launched with a facelift. A number of start-ups will launch their plans to introduce EVs into the market, which will mainly focus on competing with Tesla,” ReportBuyer in a Study.

Dolat Ventures China Prospects

The frenzy around electric cars appears to be unstoppable – especially in China, where the government is aggressively exploring ways of combatting CO2 emission. Continued focus on renewable energy means green companies stand to gain big as consumers and government become more environmentally conscious.

Dolat Ventures Inc. (OTCMKTS:DOLV) not only produces batteries for the EV industry, but it also produces electric cars that mostly target the middle class. Focusing on this market allows the company to shrug off the threat posed by giant automakers betting big on the high-end market with luxury electric cars. Given the size of the Chinese and Asian market, the company should be able to generate a substantial amount of value on accruing a significant amount of market share in the industry.

Getting a head start is key if Dolat Ventures Inc. (OTCMKTS:DOLV) is to have a chance of making it work given the growth rate for competition in the electric car market.

Dolat Ventures Inc. (OTCMKTS:DOLV) stock was down by 2.20% in Tuesday trading session consequently ending the day at $0.0890 a share.

I have no positions in any of the stocks mentioned, and have no plans to initiate any positions within the next 72 hours. All information, including any data, is provided without any guarantees of accuracy.

Don’t miss out! Stay informed on $DOLV and receive breaking news on other hot stocks by signing up for our free newsletter!

About the author: James Marion is a University of Houston student studying Business with a concentration in Finance. James has interned with several investment professionals and hopes to pursue a career as a professional stock analyst after graduation.

MoSys Inc. (NASDAQ:MOSY) Trades at Discount to Cash Holdings

MoSys Inc. (NASDAQ:MOSY)

MoSys Inc. (NASDAQ:MOSY) shares rebounded from their downtrend to gain over 34% for the day. MOSY shares ended Monday’s trading at $0.61 and shot up after today’s open before retreating, and then rebounding again to close at $0.82. Volumes were five times their 30-day, daily average.

The Performance Numbers

Shares of MoSys Inc. (NASDAQ:MOSY) are up over 18% for the week, and up almost 4% for the month. However, that performance betrays the long-term trend. YTD, MOSY shares are down almost 65% and for the year are down over 75%. MoSys Inc. (NASDAQ:MOSY) has had its market capitalization cut by two-thirds over the past three months as MOSY shares make new 52-week lows on a regular basis. That performance makes MOSY’s Relative Strength Index (RSI) score of 44.5 all the more curious. Despite the dismal stock performance, MOSY’s RSI figure is not in “oversold” territory. Most investors and traders consider an RSI score of 30 or below to generate an “oversold” condition on the stock. So does MOSY have lower to go still?

Trading at a Discount to Cash?

One factor in its favor is MoSys Inc. (NASDAQ:MOSY) cash/share figure. That currently is posted at $0.83/share. So, if the number is accurate, MOSY shares, at $0.82, are now trading at a $0.01 discount to the company’s cash holdings. MoSys Inc. (NASDAQ:MOSY) does have total liabilities posted at $11.24 million but total assets are $22.33 million which gives a stockholder equity number of $11.09 million. So is MOSY trading at a discount to its cash holdings?

MoSys Inc. (NASDAQ:MOSY) was founded in 1991 and is headquartered in Santa Clara, CA. The company develops and sells integrated circuits for the high-speed networking, digital storage, communications, and computing markets. The space MoSys Inc. (NASDAQ:MOSY) does business in is competitive and, unfortunately, MOSY shares stand out as the largest underachievers in the sector. Their earnings tell a similar story. Since 2012, MOSY shareholders have experienced a loss each year. In 2012 the EPS loss was (-$7.05). That was followed by yearly losses of (-$5.48), (-$6.60), (-$5.04), and, for 2016, (-$4.86). And those numbers tell the real story for MoSys Inc. (NASDAQ:MOSY) – if you are in the technology field and cannot produce a profit, investors have a slew of companies to choose from that can and do.

I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. All information, or data, is provided with no guarantees of accuracy.

Don’t miss out! Stay informed on $MOSY and receive breaking news on other hot stocks by signing up for our free newsletter!

About the author: Marc has a degree in economics and a MSc. in Finance. Over his 20-year career, Marc has worked for global investment firms in Europe and the United States as an analyst, fund manager, and consultant.

Gravity Immaterial for Camtek LTD. (NASDAQ:CAMT)

Camtek LTD. (NASDAQ:CAMT)

Camtek LTD. (NASDAQ:CAMT) is up over 90% since the May 8th closing price of $4.03. Today CAMT closed at $7.67 – an all-time high. Today’s volumes were massive. Over 2.7 million shares traded hands for a stock that has a 30-day, daily average volume of less than 285,000.

Performance History

The upward move began in June of 2016 when shares could be bought for under $2.00. In the 12 months that have followed, CAMT prices have finished the month lower than they began only three times. YTD, the NASDAQ Composite Index has gained 20.57% while CAMT has gained over 133%. In the past year, CAMT has gained over 285% while the NASDAQ has gained just 29.8%. Camtek LTD. (NASDAQ:CAMT) shares have a Relative Strength Index (RSI) of over 91. That is serious nosebleed territory when one considers that an RSI figure of 70 is generally regarded as the level when a stock is indicated to have begun entering “overbought” territory.

What Camtek Does

Founded in 1987, Camtek LTD. (NASDAQ:CAMT) is a technology-based company with headquarters and operations in Israel. Camtek designs, develops, and markets automated optical inspection (AOI) equipment for use in the manufacture of semiconductor wafers, integrated circuit substrates, and printed circuit boards. The AOI systems are used to detect defects that may have happened in the manufacturing process. Camtek also is in the business of providing ink technology products for the electronic manufacturing sector. Camtek markets its products globally.

How The Move Began

According to Zack’s Research, quarterly earnings per share were estimated at around $0.06 per share one month ago but those estimates are now 50% higher at $0.09 per share. For the year, Zack’s consensus estimates have been raised from $0.28 EPS to $0.36 EPS. Should Camtek LTD. (NASDAQ:CAMT) hit those figures it would be quite a gain from 2015 when shareholders experienced an EPS loss of (-$0.30) but were followed up in 2016 with a profit of $0.13 EPS. Sales have improved each and every year since 2012 when Camtek LTD. (NASDAQ:CAMT) reported sales of $84.5 million. By 2016 sales were reported at $109.5 million.

I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. All information, or data, is provided with no guarantees of accuracy.

Don’t miss out! Stay informed on $CAMT and receive breaking news on other hot stocks by signing up for our free newsletter!

About the author: Marc has a degree in economics and a MSc. in Finance. Over his 20-year career, Marc has worked for global investment firms in Europe and the United States as an analyst, fund manager, and consultant.

ChinaCache International Holdings Ltd (NASDAQ:CCIH) Obtains Chinese Business Operating License

ChinaCache International Holdings Ltd (NASDAQ:CCIH)

ChinaCache International Holdings Ltd (NASDAQ:CCIH) growth prospects in China have received a major boost after the company was awarded a Content Delivery Network (CDN) business operating license. The license, issued by the Ministry of Industry and Information Technology, allows the company to operate four types of value-added telecommunication businesses in the country.

CDN License

The provider of internet content and application delivery services can now operate CDN businesses all over the country in addition to Internet Data Centers in four municipalities. The company has also been given the go-ahead to set up a VPN businesses in two municipalities and six other cities under the authority of the central government.

“We are pleased to receive the new CDN license that covers both the CDN and the IDC businesses and provides us with a distinct competitive advantage as we further deliver customized total solution services to our customers. We received the first CDN license in China from the Chinese government in 2002 and the new license reaffirms the quality of our service and technology. Starting January 1, 2018, companies without CDN licenses will be prohibited from providing CDN services in China,” said CEO, Mr. Song Wang.

NASDAQ Delinquency Notice

Expansion in China comes at a time when ChinaCache International Holdings Ltd (NASDAQ:CCIH) is facing an uncertain future in the U.S having been hit by a delinquency notification from the NASDAQ market exchange. The delinquency notification is in response to the company’s failure to timely file its annual report for the year ending December 31, 2016.

The company has since been given 60 days to submit a plan on how it plans to regain compliance with the NASDAQ rules. The delinquency notice does not have an immediate impact on the company’s exchange listing. However, the stock could come under scrutiny if shares of CCIH stay below the $1 a share level.

ChinaCache International Holdings Ltd (NASDAQ:CCIH) reported net revenues of $37.9 million for its Q4 2016. Full year net revenue came in at $151.8 million. Net loss for the quarter came in at (-$22.3) million full year net loss, having widened to (-$71.5) million. For the full year FY2017, the company expects net revenue of between $170 million and $178.6 million.

ChinaCache International Holdings Ltd (NASDAQ:CCIH) was a big mover in Friday’s trading session having rallied by 26.12% to close the day at $1.69 a share. The stock is currently trading in a tight range between $1.40 and $1.78 a share, below its 52-week high of $7.44 a share.

I have no positions in any of the stocks mentioned, and have no plans to initiate any positions within the next 72 hours. All information, including any data, is provided without any guarantees of accuracy.

Don’t miss out! Stay informed on $CCIH and receive breaking news on other hot stocks by signing up for our free newsletter!

About the author: Steve Clark is a 23-year Wall St professional with stints in M&A, risk management, and algorithm trading. Steve keeps his head in the game by looking for, and writing about, small companies that often get overlooked by the big investment firms.

Hortonworks Inc (NASDAQ:HDP) Maintains Upward Trajectory

Hortonworks Inc (NASDAQ:HDP)

Hortonworks Inc (NASDAQ:HDP) has had an impressive 2017 start with $56.0 million in quarterly GAAP revenue for Q1 2017. This represents a 35% increase from what the company reported in Q1 2016.

Hortonworks seem to reaping big from its cloud business. The company has for the past few years been involved in offering cloud and data management to clients. The company has been a major player in Hadoop market which hit $7.69 billion in 2016 according to Zion Market Research. The market is poised for a 50% growth over the coming years and is expected to worth $87.14 billion in 2022.

The company reported $38.1 million in GAAP gross profit in Q1 2017 compared to $25.0 million that was reported in Q1 2016. Non-GAAP gross profit amounted to $39.5 million in Q1 2017 compared to $26.3 million reported a year ago. Hortonworks reported a much higher GAAP gross margin of 68% compared to 60% reported a year ago. Non-GAAP gross margin rose to 71% from the 64% reported in Q1 2016.

Hortonworks Inc (NASDAQ:HDP)’s impressive quarterly results were also reflected by a decrease in GAAP operating loss to $54.4 million from the $65.3 million that was reported in Q1 2016. Quarterly Non-GAAP operating loss amounted to $30.5 million in Q1 2017 representing a slight drop from the $34.9 million reported a year ago. During the quarter, GAAP operating margin stood at 97% compared to -158% reported in Q1 2016. The company reported -54% in Non-GAAP operating margin versus -84% reported in Q12016.

There was a significant drop in GAAP net loss in Q1 2017 with the company reported (-$54.8) million or (-$0.89) per share down from the (-$65.8) million or (-$1.26) per share reported in Q1 2016. Non-GAAP net loss amounted to (-$30.9) million or (-$0.50) per share down from (-$35.4) million or (-$0.68) per share reported in Q1 2016.

Hortonworks Inc (NASDAQ:HDP) reported a 7% increase in deferred revenue to $198.2 million compared to $185.4 million that the company reported at the close of the last financial year. It also represents a 66% increase from the $119.1 reported in Q12016.

At the close of the quarter, the company’s cashbook had $83.4 million in cash and short term investments a drop from $89.2 million that the company had at the close of the last financial year and $149 million at the close of Q12016. Operating cash for the quarter amounted to $9.0 million compared to $35.7 million reported in Q12016.

While commenting to these results, Hortonworks Inc (NASDAQ:HDP) chief executive officer and Chairman, Rob Bearden, said the company has reported very good results in the first quarter and they hope to maintain the momentum in the coming quarters and in the full year results. He added that the company reported improvement in its customer base across healthcare analytics, food, mobile gaming, software security and financial services industries.

I have no positions in any of the stocks mentioned, and have no plans to initiate any positions within the next 72 hours. All information, including any data, is provided without any guarantees of accuracy.

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About the author: Monica Gray has an undergraduate degree in Accounting and an MBA – earned with Honors. She has six years of experience in the financial markets and has been a securities analyst for the past two years.

TiVo Corp (NASDAQ:TIVO) Renews Long-term Product And Intellectual Property License Deal With Frontier Communications

TiVo Corp (NASDAQ:TIVO)

TiVo Corp (NASDAQ:TIVO) has announced that Frontier Communications Corporation has signed a product license agreement and renewal of intellectual property license agreement. TiVo Corporation is a leading audience insight and entertainment technology company while Frontier Communications Corporation is one of the leading service providers in the United States.

According to the terms of the agreement, TiVo Corp (NASDAQ:TIVO) will become the exclusive provider of advertising services for all national advertising campaigns using Frontier Communications’ guide to interactive programming. TiVo will also license Frontier its intellectual property portfolios. Under TiVo Advertising, all advertising campaigns will be geared at harnessing maximum viewership and will be delivered to all Frontier subscribers in several high-end markets like Texas, California, and Florida.

As one of the leading provider of pay-TV in the U.S., Frontier Communications offers a portfolio of services to its customers including satellite video, voice, video, wireless Internet data, data security solutions, and business and home-based communication.

“Our relationship with Frontier is further testimony to how pay-TV providers use TiVo’s intellectual property and solutions to reach consumers in more innovative ways,” said Samir Armaly, executive vice president, intellectual property and licensing, Rovi Corporation, a TiVo company.

TiVo Corp (NASDAQ:TIVO) offers in-program, guide ads meant to convey unique experiences to its subscribers. The guides feature several ad options like recording reminders, tune-in promotions as well as “watch now” for video-on-demand (VOD). The company opens more revenue streams for service providers as well as offering easier and faster access to interesting content.

TiVo companies have several decades invested in research and development and offer some of the most unique and valuable intellectual property in the entertainment and media industry.

In yet another announcement, TiVo Corp (NASDAQ:TIVO) says Cable Onda has agreed to increase its offerings and will soon roll out the lasted TiVo Gateway DVR solution to its customers. Cable Onda is one of the leading providers of television services in Panama as well as a long-term partner of TiVo.

By using the TiVo Gateway DVR customers will have an open access to TiVo’s multi-room solution which complement and support Cable Onda’s TV offerings with over-the-top content. Among the content shared include YouTube, Netflix plus several additional apps. Existing customers will be able to upgrade and access a Cable Onda’s TV offerings, Discovery Dashboard, as well as a video on demand (VOD).

TiVo Corp (NASDAQ:TIVO) gained 14.02% in the previous trading session to close at $18.70 on a volume of 3.53 million shares.

I have no positions in any of the stocks mentioned, and have no plans to initiate any positions within the next 72 hours. All information, including any data, is provided without any guarantees of accuracy.

About the author: James Marion is a University of Houston student studying Business with a concentration in Finance.

ParkerVision, Inc. (NASDAQ:PRKR) Reported A GAAP Net Loss Of (-$4.8) Million In Q1 2017

ParkerVision, Inc. (NASDAQ:PRKR)

ParkerVision, Inc. (NASDAQ:PRKR) has announced its financial results for the first quarter ended March 31, 2017. Jacksonville, FL-based ParkerVision, Inc. (NASDAQ:PRKR) specializes in the design, development and commercialization of radio-frequency (RF) technologies as well as products that enhance innovative wireless solutions.

ParkerVision, Inc. (NASDAQ:PRKR) announced the launching of a June marketing campaign to create awareness and raise demand for its new Wi-Fi product. The full-scale product launch is scheduled for Q3 2017.

The company’s infringement case against Apple (NASDAQ:AAPL) was heard on May 4, 2017 and a court ruling is expected on June 22, 2017. A second infringement case against Apple (NASDAQ:AAPL) is scheduled to be heard on June 29, 2017. Experts leave little doubt that victories in these cases would have immediate and pronounced effects on PRKR shares

The company reported $10 million from its recent sale of common stock at $2.46 per share. The company also regained its compliance with Nasdaq listing regulations in April this year.

ParkerVision, Inc. (NASDAQ:PRKR) Chairman and Chief Executive Officer, Jeffrey Parker, in a statement said the company’s launch of the new innovative Wi-Fi product is a milestone and takes a significant step in the company’s move to expand its market. He added that the market is expanding at a high rate and will soon hit the 100 million mark of connected households that use Wi-Fi. He expressed optimism that the new product will generate more revenue for the company and will offer a strong foundation for the development of the company’s strategic products.

On the financial front, ParkerVision, Inc. (NASDAQ:PRKR) reported a GAAP net loss of (-$4.8) million or (-$0.32) per share in Q12017. This is compared to a GAAP net loss of (-$5.1) million or (-$0.45) per share that was reported in the same period the previous financial year. The drop resulted from the company’s lower litigation expenses that were partially offset by costs incurred towards product development.

At the close of the quarter ended March 31, 2017, the company had $6.7 million in cash, cash equivalents, short term investments and restricted cash equivalents.

ParkerVision, Inc. (NASDAQ:PRKR) gained 3.33% in the previous trading session to close at $2.17 on a volume of 1.60 million shares.

I have no positions in any of the stocks mentioned, and have no plans to initiate any positions within the next 72 hours. All information, including any data, is provided without any guarantees of accuracy.

About the author: Monica Gray has an undergraduate degree in Accounting and an MBA – earned with Honors. She has six years of experience in the financial markets and has been a securities analyst for the past two years.