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)--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.

PAR Technology Corporation Announces First Quarter 2024 Results

NEW HARTFORD, N.Y.--(BUSINESS WIRE)--PAR Technology Corporation (NYSE: PAR) today announced that it will report its first quarter financial results on Thursday, May 9, 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 the w.

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

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Winning Burger King is a significant milestone for PAR, which would only allow for more tier-1 operators to adopt Brink. Strategic acquisitions of TASK and Stuzo allow PAR to tap into new verticals and enable cross-selling opportunities. PAR should trade at a premium over peers, and my valuation tells me PAR reasonably valued.

PAR Technology: On A Path To Market Dominance

NEW HARTFORD, N.Y.--(BUSINESS WIRE)--ParTech, Inc. (PAR), a global restaurant technology company providing unified commerce solutions for enterprise restaurants, today announces that the renowned American restaurant franchise, Beef ‘O' Brady's, has selected PAR MENU and PAR Punchh® for its innovative omnichannel ordering and loyalty platforms. This marks a new chapter as Beef ‘O' Brady's returns to PAR's ecosystem, harnessing the advanced capabilities of both solutions. Beef ‘O' Brady's, known.

Beef ‘O' Brady's Selects PAR Technology's MENU & Punchh to Boost Omnichannel Ordering and Loyalty Capabilities

NEW HARTFORD, N.Y.--(BUSINESS WIRE)--ParTech, Inc. (PAR), a global restaurant technology company providing unified commerce solutions for enterprise restaurants, announces the selection of PAR Data Central's® as the exclusive Enterprise Food Management Solution provider for Love's Travel Stops extensive network. This encompasses renowned brands such as Carl's Jr., Hardee's, Arby's, Bojangles, Taco John's, Love's Deli, Dairy Queen, Back40, Naf Naf, Subway, Godfather's, BB Subs, and Chester's, ex.

PAR Technology's Data Central® Selected as the Exclusive Provider of Food and Inventory Management Across Love's Travel Stops

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NEW HARTFORD, N.Y.--(BUSINESS WIRE)--ParTech, Inc. (PAR), a global restaurant technology company and provider of unified commerce solutions for enterprise restaurants, today announced a new partnership between PAR Punchh®, PAR Technology's industry-leading loyalty and offer solution, and Attentive, the AI marketing platform specializing in SMS marketing for leading brands. This integration will expand PAR Punchh's capabilities to help restaurants turn anonymous guests into loyalty members, grow.

PAR Punchh® Partners with Attentive on SMS Marketing Capabilities for Restaurant Loyalty Programs

Wendy's

NEW HARTFORD, N.Y.--(BUSINESS WIRE)--ParTech, Inc. (PAR), a global restaurant technology leader and provider of unified commerce for enterprise restaurants, today announced that Wendy's®, the iconic fast-food chain known for its fresh, never-frozen beef and signature square burgers, has selected PAR's industry-leading loyalty and offer solution, PAR Punchh®, to advance its already successful loyalty program into the next generation of customer engagement. Wendy's will leverage PAR Punchh's AI-d.

PAR Technology's Punchh® Selected as Loyalty Platform Provider for Wendy's

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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, proudly announces that A&W Restaurants, Inc. has chosen PAR Data Central's® for Enterprise Reporting and Analytics, setting a new standard for data-driven decision-making and operational efficiency in the restaurant industry. In a move that highlights A&W's commitment to technological advancement and operational excellence, the.

A&W Restaurants Selects PAR Technology's Data Central® to Propel Growth

The acquisition of Stuzo allows PAR to capitalize on the fast-growing convenience store segment, while the potential acquisition of TASK expands international exposure and TAM opportunities. PAR Technology's growth outlook has improved with the addition of Stuzo and potential acquisition of TASK. Recent results show strong performance, with total ARR growing 23% YoY and increased adoption across the product portfolio.

PAR Technology: Growth Outlook Has Gotten More Robust

PAR Technology has acquired TASK Group and Stuzo Holdings to expand its unified commerce software offerings. These acquisitions will expand the global food service technology company's offerings into convenience stores, fuel retailers and international markets, PAR Technology said in a Monday (March 11) press release.

PAR Technology Acquires TASK, Stuzo to Expand Unified Commerce Offerings

NEW HARTFORD, N.Y.--(BUSINESS WIRE)--PAR Technology Corporation (NYSE: PAR) (the “Company” or “PAR”), a global foodservice technology company and provider of unified commerce for enterprise restaurant brands, today announced two transactions that expand its cloud-based unified commerce software offerings into convenience stores and fuel retailers, as well as international markets. PAR has entered into an agreement to acquire TASK Group for cash and PAR common stock at an implied value of approx.

PAR Technology Corporation Announces Strategic Acquisitions to Expand Global Vision, Extend Unified Commerce Offerings and Accelerate Drive Towards Profitability

PAR Technology Corporation (NYSE:PAR) Q4 2023 Earnings Conference Call February 27, 2024 9:00 AM ET

PAR Technology Corporation (PAR) Q4 2023 Earnings Call Transcript

PAR Technology (PAR) came out with a quarterly loss of $0.33 per share versus the Zacks Consensus Estimate of a loss of $0.27. This compares to loss of $0.26 per share a year ago.

PAR Technology (PAR) Reports Q4 Loss, Tops Revenue Estimates

NEW HARTFORD, NY--(BUSINESS WIRE)--PAR Technology Corporation (NYSE: PAR) (“PAR Technology” or the “Company”) today announced its financial results for its fourth quarter and for the year ended December 31, 2023. Summary of Fiscal 2023 Fourth Quarter Revenues were reported at $107.7 million for the fourth quarter of 2023, a 10.3% or $10.1 million increase compared to $97.7 million for the same period in 2022. Net loss for the fourth quarter of 2023 was $18.6 million, or $0.67 net loss per share.

PAR Technology Corporation Announces Fourth Quarter and Full Year 2023 Results

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 two upcoming investor conferences. PAR will participate in fireside chats at the 13th Annual Citi FinTech Conference on Wednesday, February 28th, and at the 8th Annual Evercore ISI Payments & Fintech Innovators Forum on Thursday, February 29th . PAR manag.

PAR Technology Corporation to Present at Upcoming Investor Conferences

NEW HARTFORD, N.Y.--(BUSINESS WIRE)--ParTech, Inc. (PAR), a global restaurant technology company and provider of unified commerce solutions for enterprise restaurants, announced Hooters of America, LLC, the franchisor behind the iconic Hooters and Hoots Wings brands, selected PAR Brink POS® and PAR Data Central® to enhance its operational efficiency and order accuracy for an improved table service experience in 367 Hooters restaurants across 36 states and 18 countries. As an existing customer o.

Hooters of America, LLC Selects PAR Technology to Redefine Excellence in Table Service

NEW HARTFORD, N.Y.--(BUSINESS WIRE)--PAR Technology Corporation (NYSE: PAR) today announced that it will report its fourth quarter & year end financial results on Tuesday February 27, 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. PAR Technology Chief Executive Officer Savneet Singh, Chief Financial Officer Bryan Menar and Senior Vice President for Investor Relations & Business Development, Christ.

PAR Technology Corporation Releases Conference Call and Webcast Information for Fiscal 2023 Fourth Quarter & Year End Financial Results

NEW HARTFORD, N.Y.--(BUSINESS WIRE)--ParTech, Inc. (PAR), a global restaurant technology company and provider of unified commerce solutions for enterprise restaurants, announced the integration of MENU Link with Grubhub, a leading online and mobile food ordering and delivery platform. MENU Link is PAR's marketplace order management system and part of the PAR MENU ecosystem.

PAR Technology and Grubhub Expand Partnership with MENU Link Integration

NEW HARTFORD, N.Y.--(BUSINESS WIRE)--ParTech, Inc. (PAR), a global restaurant technology company and provider of unified commerce solutions for enterprise restaurants, today announced that Bob Evans, the iconic family-style restaurant chain with 437 locations in the U.S. has selected PAR's industry-leading loyalty and offer solution PAR Punchh®. This choice reflects Bob Evans' commitment to enhancing and personalizing customer experiences, creating stronger connections with their guests. Known.

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