PAR Technology

PAR Technology Corp. engages in the provision of software and hardware support services for the hospitality industry. It operates through the Restaurant/Retail and Government segments. The Restaurant/Retail segment offers point-of-sale (POS) software, hardware, back-office software, systems, services, and integrated technical solutions to the restaurant and retail industries. The Government segment provides intelligence, surveillance, and reconnaissance solutions (ISR) and satellite, communication, and information technology mission systems support to federal agencies. The company was founded by John W. Sammon, Jr. in 1968 and is headquartered in New Hartford, NY.

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PAR Technology reports strong Q4 growth and eyes revenue diversification

PAR Technology's Q4 2022 performance showcased strong revenue growth, margin improvement, and a strategic shift towards innovation and cross-selling opportunities.
While facing challenges in softening demand and cost variations in table service chains, the company is well-positioned to capitalize on opportunities in payments, data monetization, and revenue expansion.
With a focus on maintaining growth rates, enhancing profitability, and leveraging existing strengths in recurring revenues, PAR Technology aims for sustainable growth and market leadership.
Strategic initiatives in R&D, sales realignment, and portfolio expansion underscore PAR's commitment to driving innovation, operational efficiency, and long-term value creation.

PAR Technology reports robust Q1 growth, eyes M&A for acceleration

PAR Technology's strong Q1 performance, driven by ARR growth and total revenue increase, showcases the company's potential for continued success. Despite challenges in gross margins and cost management, PAR's focus on growth opportunities like cross-selling and M&A positions it well for the future. The company's emphasis on innovative technology and customer-centric solutions aligns with industry trends and customer demands.

PAR Technology (PAR) posts robust Q2 results, eyes accelerated growth

PAR Technology (PAR) reported strong Q2 2023 results, emphasizing growth in subscription services and key segments like Operator Solutions and Guest Engagement.
Efficient management of operating expenses and stable cash flow underscored the company's focus on profitability and sustainable growth.
Strategic investments in technology and a focus on scalability position PAR well for future revenue growth and competitive advantage.
PAR's emphasis on maintaining OpEx flat while targeting improved gross margins sets the stage for continued growth and operational efficiency.

PAR Technology excels in Q3 with growth strategies and profitability

PAR Technology's Q3 performance reflects strong revenue growth, improved margins, and strategic focus on profitability and growth.
While facing challenges in hardware revenue and churn rates, the company is leveraging strengths in customer retention and diverse product offerings.
Opportunities lie in capital deployment for acquisitions, rapid Burger King rollout, and focus on M&A for market share expansion.
Overall, PAR Technology's performance and strategic direction position it for continued growth and profitability in the market.

PAR Technology reports strong Q4 performance, eyes growth opportunities

PAR Technology's Q4 2023 performance showcased strong revenue growth in key segments, despite a net loss, driven by recurring revenue expansion and strategic partnerships.
The company's focus on cost management, efficiency, and product strategy alignment underpins its positive outlook for maintaining ARR growth in 2024 and driving profitability.
Challenges lie in balancing cost rationalization with growth investments and offsetting revenue impacts, but opportunities in M&A, cloud transition, and product innovation offer avenues for future growth.
Overall, PAR Technology's performance highlights its resilience, strategic focus on recurring revenue, and pursuit of growth opportunities through partnerships and technology advancements.

PAR Technology reports strong Q1 performance amidst challenges and opportunities

PAR Technology's Q1 performance showcased growth in key segments despite challenges in hardware sales and increased expenses.
Strengths in subscription services and operator cloud ARR highlight the company's focus on software business growth and margin improvement.
While facing challenges in hardware sales and operating expenses, PAR Technology is optimistic about future profitability and efficiency gains.
Opportunities lie in cost management, margin expansion, and strategic growth initiatives, positioning the company for improved financial performance.

PAR Technology reports strong Q3 earnings, eyes growth opportunities

PAR Technology's Q3 2024 earnings call reflects a solid performance with notable revenue growth in subscription services and annual recurring revenue.
While facing challenges in hardware revenue and rising operating expenses, PAR remains optimistic about future growth prospects and value creation for stakeholders.
With a focus on organic growth, efficiency enhancements, and potential M&A, PAR is poised to leverage opportunities and navigate challenges effectively in the competitive market landscape.

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NEW HARTFORD, N.Y.--(BUSINESS WIRE)--ParTech, Inc.'s (PAR) a global restaurant technology company building a unified commerce cloud platform for enterprise restaurants today announced its leading customer loyalty, offers and engagement solution, Punchh, recently presented its third-annual Customer Awards. This recognition spotlights seven clients who excel at using the Punchh platform for customized loyalty program management, omnichannel engagement, digital campaigns, personalized offers and m

PAR Technology's Punchh® Announces 2021 Customer Loyalty Award Winners

NEW HARTFORD, N.Y.--(BUSINESS WIRE)--ParTech, Inc. (PAR) a global restaurant technology company building a unified commerce cloud platform for enterprise restaurants, today announced Don Wight as the new president and general manager of PAR's leading customer loyalty, offers and engagement solution, Punchh. ParTech, Inc. is a wholly-owned subsidiary of PAR Technology Corporation (NYSE: PAR). "Since the acquisition of Punchh in April of last year, it has been exciting to watch the next stage of

PAR Technology Promotes Don Wight to President and General Manager of Punchh®

NEW HARTFORD, N.Y.--(BUSINESS WIRE)--PAR Technology Corporation (NYSE: PAR) today announced that it will report its fourth quarter financial results on Tuesday, March 1, 2022. The results are scheduled to be released at 4:00 p.m. ET, followed by an investor presentation and conference call at 4:30 p.m. ET. PAR Technology President and Chief Executive Officer Savneet Singh, Chief Financial Officer Bryan Menar and Vice President for Business Development, Christopher Byrnes will provide a business

PAR Technology Corporation Releases Conference Call and Webcast Information for Fiscal 2021 Fourth Quarter and Year End Financial Results

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NEW HARTFORD, N.Y.--(BUSINESS WIRE)--ParTech, Inc. (PAR), global restaurant technology company and builder of a unified commerce cloud platform for enterprise restaurants, announced a new integration partnership with Radius Networks to integrate their popular Flybuy SaaS platform products into the growing PAR ecosystem. ParTech, Inc., is a wholly owned subsidiary of PAR Technology Corporation (NYSE: PAR). Based in Georgetown, Washington D.C., Flybuy by Radius Networks is a location technology p

PAR Technology Announces Integration Partner Flybuy To Provide Holistic Location-Based Solutions

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NEW HARTFORD, N.Y.--(BUSINESS WIRE)--ParTech, Inc. (PAR), a global restaurant technology company building a unified commerce cloud platform for enterprise restaurants, announced a new partnership with Jolt to integrate their popular operations management software with Brink POS. ParTech, Inc., is a wholly owned subsidiary of PAR Technology Corporation (NYSE: PAR). Unified Performance Management Based in Lehi, Utah, Jolt provides their software solution to over 300,000 restaurant managers across

PAR Technology Join Forces with Jolt to Bring Powerful Performance Management to Brink POS®

NEW HARTFORD, N.Y.--(BUSINESS WIRE)--ParTech, Inc. (PAR), a global restaurant technology company building a unified commerce cloud platform for enterprise restaurants, today announced that its Data Central back office and restaurant management solution has been selected by QSR chain Hwy 55 to bring the capabilities of Data Central restaurant to their 130+ corporate and franchise locations, which already use PAR's Brink POS®. ParTech, Inc., is a wholly owned subsidiary of PAR Technology Corporat

Hwy 55 Selects PAR Technology's Data Central® for Companywide Data Management

NEW HARTFORD, N.Y.--(BUSINESS WIRE)--PAR Technology Corporation (“PAR”), a global restaurant technology company and provider of a unified commerce cloud platform for enterprise restaurants, today announced it will be participating at the 24th Annual Needham Growth Conference. PAR's CEO, Savneet Singh, will present at the Needham Conference on Wednesday, January 12, 2022, at 2:45pm ET. A live webcast of the conference presentation, along with a copy of accompanying materials, will be available i

PAR Technology Corporation to Participate at 24th Annual Needham Growth Conference

NEW HARTFORD, N.Y.--(BUSINESS WIRE)--PAR Technology Corporation (NYSE:PAR) today announced that the U.S. Navy has awarded its subsidiary, Rome Research Corporation (RRC), a five-year $15.2 million contract to provide uninterrupted operations and maintenance (O&M) support at the Global Information Grid (GIG) facility in Lago Patria and Sicily, Italy. RRC is a leading provider of large satellite gateway O&M services providing interconnectivity to all facets of the Department of Defense (D

PAR Technology Subsidiary Announces $15.2 Million U.S. Navy Award at Lago Patria, Italy

NEW HARTFORD, N.Y.--(BUSINESS WIRE)--ParTech, Inc. (PAR), a global restaurant technology company and provider of unified commerce cloud platforms for enterprise restaurants, announced a new partnership with GoGoGuest, adding to their robust customer intelligence solutions to the Brink POS® system. ParTech, Inc., is a wholly owned subsidiary of PAR Technology Corporation (NYSE: PAR). Based in San Francisco, CA, GoGoGuest provides hospitality brands with much-needed help to better understand the

PAR Technology Adds GoGoGuest And Its Intelligent Customer Profiles Capability to Growing Brink POS® Integration Ecosystem

NEW HARTFORD, N.Y.--(BUSINESS WIRE)--ParTech, Inc. (PAR), a global restaurant technology company building a unified commerce platform for restaurants, today announced it has added Marcus Wasdin as General Manager of its Data Central solution. ParTech, Inc. is a wholly-owned subsidiary of PAR Technology Corporation (NYSE: PAR). Data Central is PAR's premier back-office software application and was acquired by PAR in 2019 in their purchase of AccSys, LLC, (f/k/a AccSys, Inc. and otherwise known a

PAR Technology Expands Management Team

PAR's value is obscured by a complicated story and a small market cap. PAR includes some of its D&A expense in its cost of sales, making it harder for investors to see the margin expansion due to software.

PAR Technology: What The Market Is Getting Wrong

PAR Technology Corporation's (PAR) CEO Savneet Singh on Q3 2021 Results - Earnings Call Transcript

NEW HARTFORD, N.Y.--(BUSINESS WIRE)--PAR Technology Corporation (NYSE: PAR) (“PAR Technology” or the “Company”) today announced its results for the third quarter ended September 30, 2021. Summary of Fiscal 2021 Third Quarter Revenues were reported at $77.9 million for the third quarter of 2021, a 42.0% increase compared to $54.8 million for the same period in 2020. Punchh contributed $9.7 million of revenue for the third quarter of 2021. Net loss for the third quarter of 2021 was $31.9 million,

PAR Technology Corporation Announces 2021 Third Quarter Results

NEW HARTFORD, N.Y.--(BUSINESS WIRE)--PAR Government Systems Corporation (PGSC), a wholly-owned subsidiary of PAR Technology Corporation (NYSE: PAR), today announced that it has been awarded a $490,400,000 ceiling, single award, indefinite-delivery/indefinite-quantity contract with cost-plus-fixed-fee completion and firm-fixed-price type orders for Counter-small Unmanned Aircraft System (C-sUAS) software, hardware, and technical documentation. This is the largest single contract award in PAR's h

PAR Technology Subsidiary Announces Largest Contract in Company History

NEW HARTFORD, N.Y.--(BUSINESS WIRE)--PAR Technology Corporation (NYSE: PAR) today announced that it will report its third quarter financial results on Tuesday, November 9, 2021. The results are scheduled to be released at 4:00 p.m. ET, followed by an investor presentation and conference call at 4:30 p.m. ET. PAR Technology President and Chief Executive Officer Savneet Singh, Chief Financial Officer Bryan Menar and Vice President for Business Development, Christopher Byrnes will provide a busine

PAR Technology Corporation Releases Conference Call and Webcast Information for Fiscal 2021 Third Quarter Financial Results

PAR Technology (PAR) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Analysts Estimate PAR Technology (PAR) to Report a Decline in Earnings: What to Look Out for

NEW HARTFORD, N.Y.--(BUSINESS WIRE)--Amidst a surge of the fast-spreading Delta variant, restaurants across the country have once again been challenged with determining how to manage day-to-day operations in accordance with local and federal mandates and recommendations. Today, ParTech, Inc. (PAR), a global restaurant technology company and provider of a unified commerce cloud platform for enterprise restaurants, and its customer loyalty, offers and engagement solution, Punchh, announced the re

PAR Technology's Punchh® Reveals 2021 Fall Trends Report

NEW HARTFORD, N.Y.--(BUSINESS WIRE)--ParTech, Inc. (PAR), a global restaurant technology company and provider of a unified commerce cloud platform for enterprise restaurants and a leading supplier of point-of-sale (POS) hardware, and services for the restaurant industry, today announced the launch of its new flagship POS hardware, PAR Phase™. Built with the 11th Gen Intel® Core™ vPro®, and Intel® Celeron® processors, PAR Phase™ enables restaurants to invest in technology today that will be read

PAR Technology Introduces PAR Phase™

SYRACUSE, N.Y., Oct. 11, 2021 /PRNewswire/ -- TCGplayer, the leading technology platform for the collectibles industry and operator of the largest online marketplace for trading card games, today announced Savneet Singh's appointment to the Board of Directors, effective immediately.

TCGplayer Appoints Savneet Singh to the Board of Directors

NEW HARTFORD, N.Y.--(BUSINESS WIRE)--PAR Government Systems Corporation (PGSC), a wholly-owned subsidiary of PAR Technology Corporation (NYSE: PAR), today announced the appointment of Dr. Leah Rowe as Director of Training and Readiness. Dr. Rowe will be working out of PGSC offices in Dayton, Ohio. Dr. Rowe is responsible for managing the transition and transfer of advanced training technology from the Air Force Research Laboratory (AFRL) to PGSC and creating new business with operational users

PAR Government Systems Corporation Names Dr. Leah Rowe to Director of Training and Readiness

NEW HARTFORD, N.Y.--(BUSINESS WIRE)--PAR Technology Corporation (“PAR”), a global restaurant technology company and provider of a unified commerce cloud platform for enterprise restaurants, today announced that Raju Malhotra has been named Chief Product & Technology Officer (CPTO)of PAR Technology Corporation. Mr. Malhotra was formerly the CPTO at Punchh Inc., which was acquired by PAR in April 2021. “We're honored to appoint Raju as CPTO of PAR. Raju's background is beyond impressive and i

PAR Technology Expands Executive Team with New CPTO

NEW HARTFORD, N.Y.--(BUSINESS WIRE)--ParTech, Inc. (PAR), a global restaurant technology company and provider of a unified commerce cloud platform for enterprise restaurants, today announced the Summer 2021 Product and Innovation Release for its loyalty, offers and engagement platform, Punchh. Punchh provides loyalty solutions for over 200 global enterprise brands, helping turn anonymous buyers into brand superfans through 1:1 personalization and data-driven, omnichannel engagement. The Summer

PAR Technology Announces 2021 Summer Release for the Punchh® Loyalty, Offers, and Customer Engagement Platform

PAR Technology (PAR) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.

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