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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Earnings data Q3 2023

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Earnings data Q1 2024

Earnings data Q2 2024

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 (NYSE:PAR ) Q3 2024 Earnings Conference Call November 8, 2024 9:00 AM ET Company Participants Christopher Byrnes - Senior Vice President-Investor Relations & Business Development Savneet Singh - Chief Executive Officer & President Bryan Menar - Chief Financial Officer Conference Call Participants Mayank Tandon - Needham & Company Samad Samana - Jefferies Will Nance - Goldman Sachs Stephen Sheldon - William Blair & Co., LLC Eric Martinuzzi - Lake Street Capital Markets George Sutton - Craig-Hallum Capital Group LLC Charles Nabhan - Stephens Adam Wyden - ADW Capital Anja Soderstrom - Sidoti & Company, LLC Mark Palmer - Benchmark Company Operator Good day, everyone, welcome to PAR Technology Fiscal Year 2024 Third Quarter Financial Results Conference Call. [Operator Instructions] Please be advised that today's conference is being recorded.

PAR Technology Corporation (PAR) Q3 2024 Earnings Call Transcript

PAR Technology (PAR) came out with a quarterly loss of $0.09 per share versus the Zacks Consensus Estimate of a loss of $0.16. This compares to loss of $0.21 per share a year ago.

PAR Technology (PAR) Reports Q3 Loss, Tops Revenue Estimates

NEW HARTFORD, N.Y.--(BUSINESS WIRE)--PAR Technology Corporation (NYSE: PAR) (“PAR Technology” or the “Company”) today announced its financial results for the third quarter ended September 30, 2024. Savneet Singh, PAR Technology CEO commented, “We delivered another strong quarter in Q3, driven by increased demand for our enterprise foodservice software. Our organic ARR grew by approximately 25% and total ARR grew by 93% in the quarter from Q3 ‘23. Our performance in the quarter demonstrates the.

PAR Technology Corporation Announces Third Quarter 2024 Results

NEW HARTFORD, N.Y.--(BUSINESS WIRE)--PAR Technology Corporation (NYSE: PAR), a leading global provider of technology to enterprise foodservice and retail, today announced that it will host an Investor Day on Monday, November 25, 2024, beginning at 1:00 p.m. ET. The event will be held at the New York Stock Exchange and webcast live. Due to the limited capacity, in-person attendance is by invitation only. Institutional investors and financial analysts wishing to attend in-person should contact ir.

PAR Technology to Host Investor Day on November 25, 2024

NEW HARTFORD, N.Y.--(BUSINESS WIRE)--PAR Technology (NYSE: PAR), a global foodservice technology company, today announces the introduction of Punchh® Wallet, a fully customizable digital wallet designed to bridge the gap between loyalty and payments. Punchh Wallet redefines the checkout experience and how restaurants engage with their guests by seamlessly integrating payment orchestration with loyalty programs across every channel—both within and beyond the app. Punchh Wallet goes beyond stream.

Punchh Wallet by PAR Technology Revolutionizes Restaurant Guest Engagement with Seamless Loyalty and Payments Integration

NEW HARTFORD, N.Y.--(BUSINESS WIRE)--PAR Technology Corporation (NYSE: PAR) today announced that it will report its third quarter financial results on Friday, November 8, 2024. 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. The earnings conference call will be webcast live. To access the webcast, please visit the PAR Technology Investor Relations website at www.partech.com/investor-relations/. A recording of th.

PAR Technology Corporation Releases Conference Call and Webcast Information for Fiscal 2024 Third Quarter Financial Results

NEW HARTFORD, N.Y.--(BUSINESS WIRE)--The restaurant industry is evolving, and so are the tools that power exceptional guest experiences. ParTech, Inc. (PAR), a global leader in foodservice technology solutions, today announced the launch of the PAR POS Fall Release, introducing significant advancements in point-of-sale technology. This update brings a next-generation platform, and cutting-edge features designed to enhance operational efficiency, boost customer satisfaction, and future-proof res.

PAR Technology Unveils PAR POS Fall Release: Paving the Future of Restaurant Operations

AUSTIN, Texas , Sept. 25, 2024 /PRNewswire/ -- Kickfin, the leading tip management software, today announced the launch of its integration with PAR POS.

KICKFIN, THE LEADING TIP MANAGEMENT SOFTWARE, ANNOUNCES NEW INTEGRATION WITH PAR POS

NEW HARTFORD, N.Y.--(BUSINESS WIRE)--ParTech, Inc. (PAR) announces the rebranding of two of its core products, Brink POS and PAR MENU, now streamlined as PAR POS and PAR Ordering, respectively. This strategic move reflects PAR's ongoing commitment to simplifying the complexities of restaurant management and providing seamlessly integrated solutions that drive operational efficiency and enhance customer engagement. As a leader in unified commerce solutions for the restaurant and foodservice sect.

PAR Technology Reintroduces Core Products With New Brand Names

NEW HARTFORD, N.Y.--(BUSINESS WIRE)--PAR Technology Corporation (NYSE: PAR), a global foodservice technology company and provider of unified commerce solutions to enterprise restaurants and foodservice outlets, today announced that Savneet Singh, the Company's CEO, will present to institutional investors at the Goldman Sachs Communacopia + Technology Conference at The Palace Hotel in San Francisco, CA. Mr. Singh will participate in a fireside chat at 3:25 PM Eastern Time on Wednesday, September.

PAR Technology Corporation to Participate at Goldman Sachs Communacopia + Technology Conference

, Aug. 28, 2024 /PRNewswire/ -- FranchiseSEE, a software technology company specializing in Franchise insights, rankings, and overall health scores for various industries, announces a strategic partnership with ParTech, Inc. (PAR). This collaboration promises to provide mutual customers with unprecedented insights into their franchise systems through an intuitive and powerful interface.

FranchiseSEE and Par Technology (NYSE: PAR) Announce Strategic Partnership

PAR Technology (PAR) came out with a quarterly loss of $0.23 per share versus the Zacks Consensus Estimate of a loss of $0.15. This compares to loss of $0.52 per share a year ago.

PAR Technology (PAR) Reports Q2 Loss, Misses Revenue Estimates

NEW HARTFORD, N.Y.--(BUSINESS WIRE)--PAR Technology Corporation (NYSE: PAR) (“PAR Technology” or the “Company”) today announced its financial results for the second quarter ended June 30, 2024. “We delivered a strong second quarter, aided by durable demand for our foodservice technology software. Our organic ARR grew by 24% and total ARR grew by 57% in the quarter from Q2 ‘23. Our business continues to scale and we are tracking to hit our goal to be adjusted EBITDA positive next quarter,” comme.

PAR Technology Corporation Announces Second Quarter 2024 Results

PITTSBURGH--(BUSINESS WIRE)--FHLBank Pittsburgh announced today unaudited financial results for the second quarter and six months ended June 30, 2024.

FHLBank Pittsburgh Announces Second Quarter 2024 Operating Highlights

NEW HARTFORD, N.Y.--(BUSINESS WIRE)--PAR Technology Corporation (NYSE: PAR) today announced that it will report its second quarter financial results on Thursday, August 8, 2024. 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. The earnings conference call will be webcast live. To access the webcast, please visit the PAR Technology Investor Relations website at www.partech.com/investor-relations/. A recording of t.

PAR Technology Corporation Releases Conference Call and Webcast Information for Fiscal 2024 Second Quarter Financial Results

NEW HARTFORD, N.Y.--(BUSINESS WIRE)--PAR Technology Corporation (NYSE: PAR) a global foodservice technology company providing unified commerce solutions to enterprise restaurants and other foodservice outlets today announced the closing of the previously reported acquisition of TASK Group Holdings Limited (TASK), an Australia-based global foodservice transaction platform. TASK provides international unified commerce solutions, including interactive customer engagement and seamless integration,.

PAR Technology Corporation Announces Closing of Acquisition of TASK Group Holdings Limited

HUNTSVILLE, Ala. , June 10, 2024 /PRNewswire/ -- NexTech Solutions (NTS) has entered into an agreement to acquire 100% of the issued and outstanding shares of common stock of Rome Research Corporation (RRC), with an expected close by the end of Q2, 2024.

NexTech Solutions Has Agreed to Acquire Rome Research Corporation to Expand Service Offerings and Enhance Mission Support Capabilities

NEW HARTFORD, N.Y.--(BUSINESS WIRE)--PAR Technology Corporation (NYSE: PAR), a global restaurant technology company providing unified commerce solutions for enterprise foodservice announced today that it has agreed to the sale of its Government operating segment via the sale of its wholly owned subsidiaries: PAR Government Systems Corporation (PGSC) and Rome Research Corporation (RRC) for a combined total of $102 million. PAR announced it has completed the sale of 100% of the issued and outstan.

PAR Technology Corporation Announces Sale of Wholly Owned Subsidiaries PAR Government Systems Corporation and Rome Research Corporation

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NEW HARTFORD, N.Y.--(BUSINESS WIRE)--ParTech, Inc. (PAR), a global restaurant technology company providing unified commerce solutions for enterprise restaurants, today announces its PAR Brink POS® 2024 Spring Release. Designed to empower restaurants in navigating the balance between operational efficiency and exceptional guest experiences, this update introduces a variety of features aimed at simplifying daily administration, enhancing table service, and strengthening the connection between bus.

PAR Technology Elevates Table Service Experience with Brink POS 2024 Spring Release

NEW HARTFORD, N.Y.--(BUSINESS WIRE)--PAR Technology Corporation (NYSE: PAR) a global restaurant technology company and provider of unified commerce for enterprise restaurants today announced that PAR CEO, Savneet Singh, will participate in the upcoming J.P. Morgan Global Technology, Media and Communications Conference. Mr. Singh will take part in a fireside chat at the conference on Monday, May 20th at 3:50 p.m. ET. PAR management will also conduct one-on-one meetings with investors and analyst.

PAR Technology Corporation to Participate in the J.P. Morgan Global Technology, Media and Communications Conference

PAR Technology Corporation. (NYSE:PAR ) Q1 2024 Earnings Conference Call May 9, 2024 9:00 AM ET Company Participants Chris Byrnes - Senior Vice President of Business Development Savneet Singh - Chief Executive Officer Bryan Menar - Chief Financial Officer Conference Call Participants George Sutton - Craig-Hallum Eric Martinozzi - Lake Street Stephen Sheldon - William Blair Adam Wyden - ADW Operator Good day and thank you for standing by.

PAR Technology Corporation (PAR) Q1 2024 Earnings Call Transcript

PAR Technology (PAR) came out with a quarterly loss of $0.36 per share versus the Zacks Consensus Estimate of a loss of $0.31. This compares to loss of $0.46 per share a year ago.

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

NEW HARTFORD, N.Y.--(BUSINESS WIRE)--PAR Technology Corporation (NYSE: PAR) (“PAR Technology” or the “Company”) today announced its financial results for the first quarter ended March 31, 2024. "We kicked off 2024 with momentum and are pleased to report that organic ARR growth has accelerated to 25% from the prior year first quarter,” said Savneet Singh, PAR Technology CEO. “The results evidence the continued demand for our products and our accelerated win rates. Our results will continue to im.

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