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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The direct offering and the convertible debt is priced reasonably and it does not dilute shareholders heavily; therefore, it does not warrant a heavy sell-down. Shareholders are much better off after this new capital raise because of lower interest rate and lesser dilution.

PAR Technology's Misunderstood Capital Raising Creates An Opportunity

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 that Salsarita's Fresh Mexican Grill has selected PAR's Data Central® as its back-office software application. Salsarita's first joined forces with PAR in 2017 with the selection of PAR Technology's Brink POS® Software & EverServ® Hardware Platforms. In addition to their current technology stack with

Salsarita's Selects PAR Technology's Cloud-Based Data Central® Software

The pricing has been set for the software provider's announced stock offering.

Why Par Technology Stock Jumped on Wednesday

PAR Technology Corp (NYSE: PAR) priced 0.89 million shares and $235.0 million 1.5% senior convertible notes due 2027 to raise $275.4 million in a concurrent secondary public offering. The underwriters have a 30-day option to purchase additional shares up to 89,286 and $30.0 million 2027 notes.

PAR Technology Raises $275.4M Via Simultaneous Equity, Senior Convertible Note Offerings

NEW HARTFORD, N.Y.--(BUSINESS WIRE)--PAR Technology Corporation (NYSE: PAR) (“Company” or “PAR”) announced today the pricing of its concurrent underwritten public offerings of 892,857 shares of common stock (the “Equity Offering”) and $235.0 million aggregate principal amount of 1.5% Convertible Senior Notes due 2027 (the “2027 Notes” and such offering the “Notes Offering”). In addition, PAR has granted a 30-day option to the underwriters to purchase up to an additional 89,286 shares of common

PAR Technology Corporation Announces Pricing of Public Offerings of Common Stock and Convertible Senior Notes

Investors don't like the proposal to sell additional shares and dilute existing shareholders.

Why Par Technology Stock Crashed on Tuesday

NEW HARTFORD, N.Y.--(BUSINESS WIRE)--PAR Technology Corporation (NYSE: PAR) (“Company” or “PAR”) announced today its intention to offer 1.5 million shares of common stock (the “Equity Offering”) and $200.0 million aggregate principal amount of Convertible Senior Notes due 2027 (the “2027 Notes” and such offering the “Notes Offering”) in concurrent underwritten public offerings, subject to market and other conditions. In addition, PAR intends to grant a 30-day option to the underwriters to purch

PAR Technology Corporation Announces Proposed Offerings of Common Stock and Convertible Senior Notes

Jack in the Box

Jack in the Box (JACK) collaborates with PAR, thereby boosting its digital experience for customers.

Jack in the Box (JACK) Reaches Agreement With PAR Technology

NEW HARTFORD, N.Y.--(BUSINESS WIRE)--ParTech, Inc. (“PAR”), a global restaurant technology company and provider of a unified commerce cloud platform for restaurants, announced today that it will be showcasing new product offerings at the leading restaurant technology tradeshow, FSTEC in Grapevine, TX on September 12th-14th. PAR will be located at Booth #309 at the Gaylord Texan Resort and PAR's leading loyalty solution provider, Punchh will also be attending FSTEC located at booth #217. PAR wil

PAR Technology Showcases New Products at FSTEC

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 that Jack in the Box, Inc. has entered into the final implementation phase of PAR's leading customer loyalty, offers and engagement solution, Punchh, to introduce a new online digital loyalty program for its 2,219 restaurants. Through the partnership, Punchh, a PAR company, is responsible for updating Jack

Jack in the Box Selects PAR Technology's Punchh to Provide Omnichannel Loyalty Solution

PAR's transformation from software as a service (SaaS) to unified commerce platform as a service (PaaS) is underway. It's helmed by a capable CEO with a proven track record who has a disciplined focus on high returns on capital activities such as merger and acquisition opportunities.

PAR Tech: An Undervalued Software Platform For The Restaurant Industry

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, has partnered with GRUBBRR®, a self-ordering solutions provider, to help restaurants seamlessly create customized, profitable systems. ParTech, Inc., is a wholly owned subsidiary of PAR Technology Corporation (NYSE: PAR). GRUBBRR's ecosystem covers a wide range of products, including kiosks and automated checkout systems,

PAR Technology Adds Self-Ordering Solutions Provider GRUBBR to its Brink POS® Integration Partner Ecosystem

NEW HARTFORD, N.Y.--(BUSINESS WIRE)--PAR Technology Corporation (NYSE: PAR) a global restaurant technology company and provider of a unified commerce cloud platform for restaurants, today announced CEO & President, Savneet Singh, will participate in a virtual fireside chat discussion at the Canaccord Genuity 41st Annual Growth Conference on Wednesday, August 11 at 10:00 a.m. ET. Mr. Singh will also host a series of virtual one-on-one meetings with institutional investors and analysts. A liv

PAR Technology Corporation to Participate in the Canaccord Genuity 41st Annual Growth Conference

PAR Technology's (PAR) CEO Savneet Singh on Q2 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 second quarter ended June 30, 2021. Summary of Fiscal 2021 Second Quarter Revenues were reported at $69.0 million for the second quarter of 2021, a 50.9% increase compared to $45.7 million for the same period in 2020. Net loss for the second quarter of 2021 was $10.0 million, or $0.39 loss per share, compared to a net loss of $9.0 million, or $0.49

PAR Technology Corporation Announces 2021 Second Quarter Results

NEW HARTFORD, N.Y.--(BUSINESS WIRE)--ParTech, Inc. (“PAR”), a global restaurant technology company and provider of a unified commerce cloud platform for restaurants, has announced that Mr. Pickle's, a 47-unit chain based in California, has selected PAR Payment Services as its payment processing platform across its network of stores. ParTech, Inc., is a wholly owned subsidiary of PAR Technology Corporation (NYSE: PAR). The family-owned and operated premium sandwich chain with locations across Ca

Mr. Pickle's Selects PAR™ Payment Services as Payment Processing Solution

NEW HARTFORD, N.Y.--(BUSINESS WIRE)--PAR Technology Corporation (NYSE: PAR) today announced that it will report its second quarter financial results on Monday, August 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 business

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

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 that its customer loyalty solution, Punchh, has launched its newest product, Punchh Pickup, that creates a frictionless, end-to-end pickup experience for both customers and employees. Punchh Pickup allows operators to view and manage all pickup orders from a customizable web-based console, providing real-tim

PAR Technology's Punchh Launches New End-to-End Pickup Experience with Integrated Loyalty

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 is expanding its Brink POS® integration partner ecosystem with the addition of OneDataSource. ParTech, Inc., is a wholly owned subsidiary of PAR Technology Corporation (NYSE: PAR). OneDataSource is an above-store business intelligence platform suited for multi-unit and multi-brand operators with 15+ stores. Restaurant opera

PAR Technology Adds Data Analytics Platform OneDataSource to its Brink POS® Integration Partner Ecosystem

NEW HARTFORD, N.Y.--(BUSINESS WIRE)--ParTech, Inc. (PAR), a global restaurant technology company and Unified Commerce Cloud Platform for Enterprise Restaurants, today announced that EmployeeMetrics®, a labor and employment compliance platform, is the newest member of PAR's Brink POS® integration partner network. The various state and federal labor wage and hour laws present challenges for businesses. EmployeeMetrics integrates with existing timekeeping systems to make the accurate tracking of h

Wage and Hour Compliance Platform, EmployeeMetrics® Becomes PAR Technology's Newest Brink POS® Integration Partner

NEW HARTFORD, N.Y.--(BUSINESS WIRE)--ParTech, Inc. (PAR), a global restaurant technology company and unified commerce cloud platform for enterprise restaurants, is adding Appfront, an online ordering and loyalty platform, to its industry-leading Brink POS® ecosystem. ParTech, Inc. is a wholly owned subsidiary of PAR Technology Corporation (NYSE:PAR). Appfront gives restaurant operators the power to create a streamlined ordering experience for their guests by integrating directly with Brink POS.

Online Ordering and Loyalty Platform Provider Appfront Joins PAR Technology's Brink Integration Partner Ecosystem

NEW HARTFORD, N.Y.--(BUSINESS WIRE)--ParTech, Inc. (PAR), a global restaurant technology company and Unified Commerce Cloud Platform for Enterprise Restaurants, today announced it has added another name to its industry-leading Brink POS integration partner ecosystem. Glimpse is an all-in-one restaurant and bar software service created to help operators keep track of inventory, monitor employee performance, and discover lost revenue using the power of artificial intelligence (AI). With the impac

Video-Technology Provider Glimpse Joins PAR Technology's Brink POS® Integration Partner Ecosystem

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, announced today that employee rewards app provider, Onaroll, has recently been added to its growing Brink POS® integration partner ecosystem. Onaroll's technology app gamifies work and incentivizes productivity for restaurant employees. ParTech, Inc., is a wholly owned subsidiary of PAR Technology Corporation (NYSE: PAR).

Employee Rewards App Provider Onaroll Joins PAR Technology's Brink POS® Integration Partner Ecosystem to Make Work Fun

NEW HARTFORD, N.Y.--(BUSINESS WIRE)--ParTech, Inc. (“PAR”), a wholly owned subsidiary of PAR Technology Corporation (NYSE: PAR) and a leading global provider of point of sale (POS) software and integrated technical solutions to the restaurant industry, today announced that DiBella's Subs has selected PAR's Data Central® as its back-office system for all locations. The 43-unit, family-owned and operated restaurant chain with locations in the Northeast and Midwest U.S., is best known for its deli

DiBella's Subs Selects PAR Technology's Cloud-Based Data Central® Software

NEW HARTFORD, N.Y.--(BUSINESS WIRE)--PAR Technology Corporation (NYSE: PAR) a leading global provider of restaurant software and integrated technical solutions, will be participating at the 16th Annual Needham Virtual Technology and Media Conference. PAR's management will conduct one-on-one meetings with investors and analysts during the virtual conference on Tuesday, May 18th and Wednesday, May 19th, 2021. Interested investors should contact their Needham representatives to schedule a meeting.

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