Shares of ParkerVision (NASDAQ: PRKR) declined on August 16 and 17th after the technology company reported a broader Q2 net loss than Wall Street originally anticipated.

What the current share price misses, however, is enormous potential from pending settlements with Apple (NASDAQ:AAPL), LG (OTC:LGEAF), and Qualcomm (NASDAQ:QCOM). It is also very possible that ParkerVision will not prevail in court or at the settlement conferences.

We recently covered the company's first settlement with Samsung (OTC:SSNLF), describing how this could clear the way for potentially very large awards from the three other tech giants.

Consistent Support From Brickell Key Investments LP

On May 31, 2016, the company announced that Brickell Key Investments LP (BKI), a special purpose fund, had provided $2 million in additional funding to the company, bringing the total funding amount from BKI to PRKR to $13 million to date. The funds are a secured contingent payment obligation and included in ParkerVision's long-term liabilities. This money is being used primarily to fund the outstanding legal team at Mintz Levin in Boston.

While the financial terms of the Samsung settlement are confidential, awards under this agreement will be put towards paying off ParkerVision's financial obligation to BKI.

Opportunities for Technical Leadership + New Product Innovation

According to CEO Jeffrey Parker, the recent patent license to Samsung allowed ParkerVision to achieve an important milestone. He asserts that other competitors in the industry can appreciate the value in securing authorized uses for patented innovations. These could lead to additional property licenses in the future.

According to Parker, the manufacturer continues to carefully manage its funds, using approximately $3 million in cash for operations during the first half of 2016. These exclude the cash needed for patent enforcement actions, which are funded by the company's restricted capital.

Impressively, ParkerVision has continued to invest in product development, including new Wi-Fi and IoT products for homes and small buildings, amid all of the litigation. In addition, it is exploring the opportunity to provide technical services and expertise to help companies develop new product advancements that use and/or require ParkerVision's technologies.

Conclusion: Strong Buy For Aggressive Investors

ParkerVision reported a net loss for the three months ended June 30 of $0.72 per share, or $8.4 million, expanding on a $4.8 million net loss during the same period last year. Despite this, there is strong upside ahead as the company continues to invest and expand its range of products, and anticipates potentially very large settlements from major global technology firms Apple, LG, and Qualcomm. These hearings are currently purported to take place later this summer and fall.

Following a small dip in earnings, PRKR is now possibly a new buying opportunity.

Continued support from the powerful law firm of Mintz Levin and the cash from an intelligent investor like Brickell also keeps us optimistic.