ParkerVision, Inc. (NASDAQ:PRKR) Has A Number Of Catalyst Lined Up Near Term

ParkerVision, Inc. (NASDAQ:PRKR) has been a big winner for us here at Insider Financial over the past eighteen months or so. Every time we highlight the company (and alert our readers and subscribers to our expectations) it runs up to multiples of its pre-coverage capitalization.Today we're going to set our sights on ParkerVision yet again. The company has had a busy month during May and the fruits of its efforts are a spate of near-term catalysts set to hit press in the coming weeks. If they do so as favorable for ParkerVision, readers are going to want to be on the right side of the subsequent run.Here's what we're looking out for.First, for those new to the company, ParkerVision bills itself as a wireless technology network type company that designs and manufactures hardware in the space. It does do a bit of this sort of thing, and indeed there's a Wi-Fi product set to hit the shelves near term (which we'll look at in a bit more detail shortly), but really this one's an intellectual property play – at least for now.The company owns a bunch of patents covering technology that it alleges Qualcomm (NASDAQ:QCOM) infringes upon, and by an extension of this infringement, Apple (NASDAQ:AAPL), and LG are at fault by using a range of Qualcomm products in their respective device portfolios.Now we know that these sorts of infringement cases happen all the time and – especially as regards to Apple – it's very difficult for the small fish to win out against the incumbent. In this instance, however, there's precedent supportive of a favorable outcome for ParkerVision. The company took SAMSUNG ELECTRONIC KRW5000 (OTCMKTS:SSNLF) to court over the same technology back in 2013 and, in summer last year, settled the case and put in place a licensing deal with the tech giant. That Samsung felt it was in its best interests to settle (as opposed to fight) the infringement claims suggests that Apple, Qualcomm and LG will do the same.Which brings us to the catalysts.These cases are being fought on a few different fronts. Two separate cases are active in Germany right now against Apple, and a hearing for one took place on May 4. The decision date for this hearing is set for June 22. If the court rules in favor of an injunction against Apple, ParkerVision is on track for a settlement (the most likely outcome) and should run in a similar fashion to its last summer run on the back of the Samsung settlement.Just a few days after the ruling hits press, on June 29, the second case goes to hearing. It's the same court, and so given that there will already be a decision in place on the first case, there's real potential for an immediate ruling on this one. Even without that, we should see a decision date set for some point late July/early August. That's two more potential catalysts.Finally, we just learned that the Middle District of Florida granted ParkerVision’s request to lift the stay and reopen its patent infringement case against Apple, LG and Qualcomm on an another front – this time in Florida. The situation here was that the company requested that the International Trade Commission (ITC) terminate a parallel case against the same defendants, with the goal being to get the Florida case reopened (it was in stay). The ITC approved the termination and ParkerVision subsequently requested the stay be lifted. It's now lifted and all parties basically have to 30 days to get a case together as part of a management conference, and then a further 14 days to present this to court. This means we should get an idea of where things stand in Florida by the end of next month, or again mid-July latest.The WiFi product, which we promised to touch on, is both a key catalyst and a potential risk. We don't know what it is yet (management is yet to disclose the product type) but launch is set for the first week of June. It's a catalyst because it's a venture into hardware and – if successful – it should help the company shed any negative implications of being an IP entity. It's a risk because the launch is what's eating up cash reserves, and if it's a launch is strong, the company is going to have to raise to meet stock manufacturing cost.There's also a litigation risk in the sense that the hearings (and decisions) may not go favorably for ParkerVision. As we've noted, however, there's precedence to suggest otherwise, and with the upside on offer we think this one's well worth a punt heading into June.As our readers and subscribers know, we've been right before on this one and we think there's a solid chance we will be again.We will be updating our subscribers as soon as we know more. For the latest updates on PRKR, sign up below!Disclosure: We have no position in any of the securities mentioned and have not been compensated for this article.