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.

Earnings data Q1 2021

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Earnings data Q3 2023

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Earnings data Q1 2024

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Earnings data Q3 2024

Earnings data Q4 2024

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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PAR Technology Corporation (PAR) CEO Savneet Singh on Q1 2021 Results - Earnings Call Transcript

PAR Technology (PAR) delivered earnings and revenue surprises of -2.70% and -7.80%, respectively, for the quarter ended March 2021. Do the numbers hold clues to what lies ahead for the stock?

PAR Technology (PAR) Reports Q1 Loss, Misses Revenue Estimates

Shares of PAR Technology (NYSE:PAR) fell in after-market trading after the company reported Q1 results. Quarterly Results Earnings per share fell 21.43% year over year to ($0.34), which were in line with the estimate of ($0.34).

Recap: PAR Technology Q1 Earnings

NEW HARTFORD, N.Y.--(BUSINESS WIRE)--PAR Technology Corporation (NYSE:PAR) (“PAR Technology” or the “Company”) today announced its results for the first quarter ended March 31, 2021. Summary of Fiscal 2021 First Quarter Revenues were reported at $54.5 million for the first quarter of 2021, a slight decrease compared to $54.7 million for the same period in 2020. Net loss for the first quarter of 2021 was $8.3 million, or $0.38 loss per share, compared to a net loss of $10.9 million, or $0.61 los

PAR Technology Corporation Announces 2021 First Quarter Results

On Monday, May 10, PAR Technology (NYSE:PAR) will report its last quarter's earnings. Here is Benzinga's preview of the company's release.

Earnings Preview for PAR Technology

NEW HARTFORD, N.Y.--(BUSINESS WIRE)--PAR Technology Corporation (NYSE: PAR) today announced that it has rescheduled the release of its first quarter 2021 results one day earlier to May 10, 2021. The results are now 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

PAR Technology Corporation Reschedules Release of First Quarter 2021 Results and Conference Call to May 10, 2021

NEW HARTFORD, N.Y.--(BUSINESS WIRE)--PAR Technology Corporation (NYSE: PAR) today announced that it will report its first quarter financial results on Tuesday, May 11, 2021. The results are scheduled to be released at 7:30 a.m. ET, followed by an investor presentation and conference call at 9:00 a.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 u

PAR Technology Corporation Releases Conference Call and Webcast Information for Fiscal 2021 First 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.

Earnings Preview: PAR Technology (PAR) Q1 Earnings Expected to Decline

NEW HARTFORD, N.Y.--(BUSINESS WIRE)--ParTech, Inc. (PAR), a leading global provider of point of sale (POS) software and integrated technical solutions to the restaurant and retail industries, is celebrating more than 200 Brink POS® integration partners, cementing its spot as one of the industry's largest and most open point of sale platform. ParTech, Inc. is a wholly owned subsidiary of PAR Technology Corporation (NYSE: PAR). PAR currently has partnerships with companies spanning nearly 30 cate

PAR Technology Celebrates Historic Partner Milestone

Par announced last week it would buy Punchh for $500 million. Since then, Par shares are up about 25%.

Par Technology could be a dominant force after $500 million acquisition, Panera founder says

NEW HARTFORD, N.Y.--(BUSINESS WIRE)--ParTech, Inc. (PAR), a leading global provider of point of sale (POS) software and integrated technical solutions to the restaurant industry, today announced that Culver's, a 790+-location quick-service restaurant concept headquartered in Wisconsin, has selected PAR's Brink POS® as it's point of sale solution across its entire network. ParTech, Inc. is a wholly owned subsidiary of PAR Technology Corporation (NYSE: PAR). Culver's, a mid-Western U.S.-based cha

Culver's Selects PAR Technology's Brink POS® Cloud-Based Software for All Its Locations

Par Technology Corp. , a provider of restaurant software, on Thursday said it has acquired Punchh Inc., a leader in loyalty and guest engagement solutions, for about $500 million in cash and stock. The news sent Par shares skyrocketing 23%.

Par Technology shares jump 23% on acquisition of Punchh for $500 million

PAR Technology Corp (NYSE: PAR) has acquired loyalty and guest engagement solutions provider Punchh Inc for $500 million in cash and PAR stock. This arrangement will catapult PAR into a unified commerce cloud platform for enterprise restaurants and position it to lead the industry with integrated point-of-sale, back office, payment, and guest engagement solutions.

PAR Technology Stock Is Trading Higher On Acquiring Punchh For $500M

NEW HARTFORD, N.Y.--(BUSINESS WIRE)--PAR Technology Corporation (NYSE: PAR), a leading global provider of restaurant software, today announced that it has acquired Punchh Inc. (“Punchh”), a leader in loyalty and guest engagement solutions, for approximately $500 million paid in cash and shares of PAR common stock to Punchh stockholders. This acquisition makes PAR a unified commerce cloud platform for enterprise restaurants and positions PAR to lead the industry with integrated point-of-sale, ba

PAR Technology Corporation Acquires Leading Loyalty Provider Punchh Inc. for $500MM, Becoming a Unified Commerce Cloud Platform for Enterprise Restaurants

NEW HARTFORD, N.Y.--(BUSINESS WIRE)--ParTech, Inc., a leading global provider of point of sale (POS) software and integrated technical solutions to the restaurant and retail industries, is announcing the introduction of Deliverect, a comprehensive online order management tool, to its growing Brink POS® integration ecosystem. ParTech, Inc. is a wholly owned subsidiary of PAR Technology Corporation (NYSE: PAR). Deliverect is an online order management system that provides restaurants with a uniqu

PAR Technology Adds Deliverect to its Brink POS® Integration Ecosystem

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NEW HARTFORD, N.Y.--(BUSINESS WIRE)--ParTech, Inc. (“PAR”), a leading global provider of point of sale (POS) and back-office software along with integrated technical solutions to the restaurant industry, today announced the addition of CCTV and video management software provider Odyssey Technologies, Inc., developer of Remote Eyes® video management and loss prevention software, to its ever-growing Brink POS® integration partner ecosystem. Remote Eyes is a unique video management software that e

PAR Technology Announces Newest Brink POS® Integration Partner Odyssey Technologies, Inc. – Developer of Remote Eyes®

NEW HARTFORD, N.Y.--(BUSINESS WIRE)--PAR Technology Corporation (NYSE: PAR) a leading global provider of point of sale (POS) software and integrated technical solutions to the restaurant and retail industries, today announced that the Company will be participating at the Sidoti Spring 2021 Virtual Conference, March 24-25, 2021. PAR CEO, Savneet Singh, will participate in a fireside chat during the conference on Wednesday, March 24, 2021 at 11:30 a.m. ET. A live webcast of the fireside chat will

PAR Technology Corporation to Participate At Sidoti Spring 2021 Virtual Conference

PAR Technology Corporation (PAR) CEO Savneet Singh on Q4 2020 Results - Earnings Call Transcript

Shares of PAR Technology (NYSE:PAR) rose in after-market trading after the company reported Q4 results. Quarterly Results Earnings per share were down 37.04% year over year to ($0.37), which missed the estimate of ($0.23).

Recap: PAR Technology Q4 Earnings

NEW HARTFORD, N.Y.--(BUSINESS WIRE)--PAR Technology Corporation (NYSE: PAR) (“PAR Technology” or the “Company”) today announced its results for its fourth quarter and for the year ended December 31, 2020. Summary of Fiscal 2020 Fourth Quarter Revenues were $58.5 million for the fourth quarter of 2020, compared to $52.9 million for the same period in 2019, a 10.6% increase. GAAP net loss for the fourth quarter of 2020 was $13.0 million, or $0.60 loss per share, compared to a GAAP net loss of $5.

PAR Technology Corporation Announces Fourth Quarter and Full Year 2020 Results

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NEW HARTFORD, N.Y.--(BUSINESS WIRE)--PAR Technology Corporation (NYSE: PAR) a leading global provider of point of sale (POS) software and integrated technical solutions to the restaurant and retail industries, today announced that the Company will be participating at the 33rd Annual ROTH Conference. PAR CEO, Savneet Singh, will conduct virtual one-on-one meetings with investors and analysts who are registered to attend the conference on Tuesday, March 16th and Wednesday, March 17th, 2021. For m

PAR Technology Corporation to Participate at the 33rd Annual ROTH Conference

NEW HARTFORD, N.Y.--(BUSINESS WIRE)--PAR Technology Corporation (NYSE:PAR) today announced that it will report its fourth quarter financial results on Monday, March 15, 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 VP for Business Development, Christopher Byrnes will provide a business update and a

PAR Technology Corporation Releases Conference Call and Webcast Information for Fiscal 2020 Fourth Quarter & Year End Financial Results

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