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. (PAR), a global restaurant technology company and provider of unified commerce for enterprise restaurants, today announced that convenience store chain, Stinker Stores, selected PAR's industry-leading loyalty solution, Punchh®, to enhance their customer experience and drive customer loyalty. Stinker, a local favorite with 110 locations throughout Colorado, Idaho and Wyoming, will use Punchh, the leading loyalty, offers and engagement platform,.

Stinker Stores Selects PAR Technology's Punchh® to Enhance Customer Loyalty

PAR Technology Corporation (NYSE:PAR ) Q1 2023 Earnings Conference Call May 10, 2023 4:30 PM ET Company Participants Christopher Byrnes - Senior Vice President, Business Development Savneet Singh - President and Chief Executive Officer Bryan Menar - Chief Financial Officer Conference Call Participants Samad Samana - Jefferies Will Nance - Goldman Sachs Patrick Mcilwee - William Blair Mayank Tandon - Needham & Company Adam Wyden - ADW Capital Adam Kelsey - Craig-Hallum Anja Soderstrom - Sidoti Operator Good afternoon and thank you for standing by. Welcome to PAR Technologies First Quarter 2023 Financial Results.

PAR Technology Corporation (PAR) Q1 2023 Earnings Call Transcript

PAR Technology (PAR) came out with a quarterly loss of $0.46 per share versus the Zacks Consensus Estimate of a loss of $0.35. This compares to loss of $0.26 per share a year ago.

PAR Technology (PAR) Reports Q1 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 first quarter ended March 31, 2023. Summary of Fiscal 2023 First Quarter Revenues were reported at $100.4 million for the three months ended March 31, 2023, a 25.1% increase compared to $80.3 million for the same period in 2022. Net loss for the three months ended March 31, 2023 was $15.9 million, or $0.58 net loss per share, compared to a.

PAR Technology Corporation Announces First Quarter 2023 Results

NEW HARTFORD, N.Y.--(BUSINESS WIRE)--First paragraph, first sentence of release dated April 25, 2023 should read: PAR Technology Corporation (NYSE: PAR) today announced that it will report its financial results for the first quarter ended March 31, 2023, following the close of the U.S.

CORRECTING and REPLACING PAR Technology Corporation Releases Conference Call and Webcast Information for Fiscal 2023 First Quarter Financial Results

NEW HARTFORD, N.Y.--(BUSINESS WIRE)--PAR Technology Corporation (NYSE: PAR) today announced that it will report its financial results for the first quarter ended March 31, 2023, following the close of the U.S. markets on Monday, May 8, 2023. PAR management will then host a conference call and webcast at 4:30 p.m. ET to discuss the results. PAR Technology President and Chief Executive Officer Savneet Singh, Chief Financial Officer Bryan Menar and Senior Vice President for Business Development, C.

PAR Technology Corporation Releases Conference Call and Webcast Information for Fiscal 2023 First Quarter Financial Results

SAN DIEGO , April 11, 2023 /PRNewswire/ -- SOCi, the marketing platform for multi-location brands, and Punchh® from PAR Technology (PAR), today announced a strategic partnership that integrates SOCi's industry-leading localized listings management and reviews solutions with Punchh's loyalty and engagement platform.

SOCi and PAR Technology's Punchh® Launch Strategic Partnership for Localized Listings and Review Management

State-of-the-art integrated SaaS solution still has a lot of market to go after with a host of cross-selling opportunities remaining as well. ARR, ARPU and gross margins are rising inexorably with operational cost set to stay constant this year, producing steady narrowing of losses and cash bleed.

PAR Technology Looks Set To Have Another Good Year

NEW HARTFORD, N.Y.--(BUSINESS WIRE)--ParTech, Inc. (PAR) a global restaurant technology company and provider of unified commerce for enterprise businesses, today announced that its leading backoffice solution, Data Central, has been selected by internationally renowned hospitality brand Earl Enterprises as PAR continues to expand its already impressive list of partners with yet another gigantic addition.

PAR Technology's Data Central Selected by Earl Enterprises to Strengthen Backoffice Capabilities

PAR Technology Corporation (NYSE:PAR ) Q4 2022 Earnings Conference Call March 1, 2023 9:00 AM ET Company Participants Chris Byrnes - SVP-Business Development Savneet Singh - CEO and President Bryan Menar - CFO Conference Call Participants Will Nance - Goldman Sachs Samad Samana - Jefferies Kyle Peterson - Needham and Company Adam Wyden - ADW Capital Stephen Sheldon - William Blair George Sutton - Craig-Hallum Anja Soderstrom - Sidoti Operator Good day, and thank you for standing by. Welcome to the PAR Technologies Fiscal Year 2022 Fourth Quarter Financial Results.

PAR Technology Corporation (PAR) Q4 2022 Earnings Call Transcript

NEW HARTFORD, N.Y.--(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, 2022. Summary of Fiscal 2022 Fourth Quarter Revenues were reported at $97.7 million for the fourth quarter of 2022, a 19.7% or $16.1 million increase compared to $81.6 million for the same period in 2021. Net loss for the fourth quarter of 2022 was $13.5 million, or $0.

PAR Technology Corporation Announces Fourth Quarter and Full Year 2022 Results

NEW HARTFORD, N.Y.--(BUSINESS WIRE)--PAR Technology Corporation (NYSE: PAR) today announced that it will report its 2022 fourth quarter and year-end financial results on Wednesday, March 1, 2023. 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 Corporation Releases Conference Call and Webcast Information for Fiscal 2022 Fourth Quarter & Year-End Financial Results

NEW HARTFORD, N.Y.--( BUSINESS WIRE )--ParTech, Inc.'s (PAR) ­­– a global restaurant technology company providing a unified commerce experience for enterprise restaurants – announced today that its leading customer loyalty, offers and engagement solution, Punchh, recently presented its fourth-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 more.

PAR Technology's Punchh® Announces Seven Winners of Annual Customer Loyalty Awards

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 $21 million contract to provide uninterrupted operations and maintenance (O&M) support at Camp Lemonnier, Djibouti, Africa, providing over 90% of Department of Defense (DoD) communications for the entire continent of Africa. RRC has supported the Camp Lemonnier facility since 2012.

PAR Technology Corporation Subsidiary Announces $21 million U.S. Navy Award in Djibouti, Africa

NEW HARTFORD, N.Y.--( BUSINESS WIRE )--PAR Technology Corporation (NYSE: PAR) a global restaurant technology company and provider of unified commerce to enterprise restaurants today announced that Savneet Singh, the Company's CEO, will present to institutional investors at the 25th Annual Needham Growth Conference at the Lotte New York Palace Hotel.

PAR Technology Corporation to Participate at the 25th Annual Needham Growth Conference

NEW HARTFORD, N.Y.--( BUSINESS WIRE )--ParTech, Inc. (PAR), a global restaurant technology company and provider of unified commerce for enterprise restaurants, today announced that Zaxby's has selected PAR's Brink POS cloud solution along with PAR's loyalty software Punchh to streamline and enhance the guest experience, no matter what the touchpoint.

Zaxby's Selects PAR's Brink POS® and Punchh® Solutions to Enhance the Guest Experience

PAR Technology Corporation (NYSE:PAR ) Q3 2022 Earnings Conference Call November 9, 2022 9:00 AM ET Company Participants Chris Byrnes – Vice President-Business Development Savneet Singh – President and Chief Executive Officer Bryan Menar – Chief Financial Officer Conference Call Participants Sam Salvas – Needham & Company Stephen Sheldon – William Blair Adam Wyden – ADW Capital Jeremy Sahler – Jefferies George Sutton – Craig-Hallum Anja Soderstrom – Sidoti Operator Good day, and thank you for standing by. Welcome to the Fiscal Year 2022 Third Quarter Financial Results.

PAR Technology Corporation (PAR) Q3 2022 Earnings Call Transcript

PAR Technology Corporation Announces 2022 Third Quarter Results

PAR Technology's Punchh® Launches Innovative Subscription Solution for Restaurants and Convenience Stores

PAR Technology Corporation Releases Conference Call and Webcast Information for Fiscal 2022 Third Quarter Financial Results

NEW HARTFORD, N.Y.--(BUSINESS WIRE)--ParTech, Inc. (PAR), a global restaurant technology company and provider of unified commerce for enterprise restaurants, announced today that its industry-leading loyalty software Punchh® is expanding its capabilities with three Machine-Learning (ML) features that will enable restaurant and c-store operators to better personalize loyalty offerings. By utilizing ML — the use and development of computer systems that learn and adapt using algorithms and statist

PAR Technology's Punchh® Unveils New Machine-Learning Features to Personalize Loyalty

Par Technology Corporation (NYSE:PAR ) Q2 2022 Earnings Conference Call August 9, 2022 9:00 AM ET Company Participants Chris Byrnes - VP, Business Development Savneet Singh - President and CEO Bryan Menar - CFO Conference Call Participants Mayank Tandon - Needham & Company Stephen Sheldon - William Blair Samad Samana - Jefferies Anja Soderstrom - Sidoti & Company Adam Wyden - ADW Capital Operator Good day and thank you for standing by. Welcome to the 2022 Second Quarter Financial Results Conference Call.

Par Technology Corporation (PAR) CEO Savneet Singh on Q2 2022 Results Earnings Call Transcript

PAR Technology (PAR) delivered earnings and revenue surprises of -2.86% and 4.44%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

PAR Technology (PAR) Reports Q2 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 second quarter ended June 30, 2022. Summary of Fiscal 2022 Second Quarter Revenues were reported at $85.1 million for the second quarter of 2022, a 23.4% increase compared to $69.0 million for the same period in 2021. Net loss for the second quarter of 2022 was $18.8 million, or $0.70 net loss per share, compared to a net loss of $10.0 mil

PAR Technology Corporation Announces 2022 Second Quarter Results

NEW HARTFORD, N.Y.--(BUSINESS WIRE)--ParTech, Inc. (PAR), a global restaurant technology company and provider of unified commerce for enterprise restaurants, today announced the acquisition of MENU Technologies AG (MENU), a fast growing, omnichannel ordering solution for international restaurant brands. The MENU acquisition adds a robust online ordering component to PAR's suite of unified commerce solutions that maximize business performance for PAR customers, better positioning the organizatio

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