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New York, NY -- (SBWIRE) -- 03/19/2013 -- ParkerVision Inc. (NASDAQ:PRKR), a developer and marketer of semiconductor technology solutions for wireless applications, reported results for the three months and year ended December 31, 2012.Net loss in the fourth quarter of 2012 was $6.2 million, or $0.07 per common share, as compared to a net loss of $3.9 million, or $0.06 per common share for fourth quarter of 2011.Net loss for the year ended December 31, 2012 was $20.3 million, or $0.27 per common share, as compared to a net loss of $14.6 million, or $0.24 per common share, for the year ended December 31, 2011.
Cash used in 2012 was $15.9 million as compared to $12.1 million for 2011. Cash use in 2012 included $14.7 million for operations and $1.2 million invested in patents and other long-lived assets.The Company generated $18.9 million in cash in 2012 from the sale of equity securities including the exercise of outstanding warrants and options.Cash and available for sale securities as of December 31, 2012 was $8.3 million.
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ReneSola Ltd. (ADR) (NYSE:SOL) shares fell by 21 cents or 10.66% to $1.76 in the afternoon session following the company’s fourth quarter results.For the last quarter ended the company lost $49.8 million, or 58 cents per U.S. share making the gap much wider from its last year’s loss of $36.7 million, or 43 cents per share.The high demand in China led to a rise in revenue of 63.3% to $306.5 million.
To control the growing decline over selling prices the company said of focusing on cost cutting improving its margins in order to put the same in a better position once conditions improve.From the third quarter selling prices for solar wafers fell by 14% to 24 cents per watt, and modules selling price fell to 63 cents per wafer, down by 6%.The total shipments came at 713.2 megawatts which included Wafer shipments of 392.7 megawatts up by 60% and module shipments of 320.5 megawatts up by 239%.The company predicts hip wafers and modules totaling 660 megawatts to 680 megawatts for the first quarter with revenue of $260 million to $270 million.
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Entropic Communic (NASDAQ:ENTR) is -0.379 - -8.15% from the previous close of $4.649. It traded between $4.25 - 4.40 with total traded volume of 1207424 shares. Keep a close eye on ENTR, as the stock has been showing unusual moves over the past weeks. At Current market price, ENTR has recovered +25.59% from its 52-week Low of 3.40 and has Pulled back -35.69% from its 52-week high of 6.64.
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LDK Solar Co., Ltd (ADR)(NYSE:LDK) managed to keep its gain at 13.60%, settling at $1.42 after ranging floating in a range of $1.25 to $1.43. The stock followed STP’s rally as it could soon be in the same financial crisis as its peer.
LDK Solar Co. revealed that Liangbao Zhu, a member of the board of directors, has left the second-largest solar wafer maker effective yesterday. Significantly, its latest price of $1.42 is at a premium of 8% to its 200-day moving average price of $4. Its 52-week range has been $0.71 to $4.91; it is trading at a discount of 71.08% to its 52-week high and a premium of 100.00% to its 52-week low.
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