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 it will report its second quarter financial results on Tuesday, August 9, 2022. The results are scheduled to be released before market open, 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 Off

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

NEW HARTFORD, N.Y.--(BUSINESS WIRE)--ParTech, Inc. (PAR), (NYSE: PAR), a global restaurant technology company and provider of unified commerce for enterprise restaurants, today announced the launch of PAR Infinity™ (PAR™). The subscription-based hardware offering combines PAR's purpose-built technology with industry-leading support services such as a 24x7x365 help desk, robust managed care capabilities, field service, and equipment exchange for the life of the customer. PAR Infinity relieves th

PAR Technology Introduces PAR Infinity™, A Bold New Offering to Ensure Nothing Comes Between Restaurants and Guests

BLUE BELL, Pa.--(BUSINESS WIRE)-- #kiosk--Goji Systems, a self-ordering kiosk technology company, today announced an expanded partnership with ParTech, Inc.'s (PAR) loyalty, offers and engagement solution Punchh, to offer loyalty integration within their self-ordering kiosks. Goji Systems was initially integrated with PAR's Brink POS® software in 2019, enabling PAR's customers to leverage the benefits of enterprise self-order kiosks. With their most recent integration with Punchh, restaurant brands can

Goji Systems Partners with PAR Technology's Punchh® to Create a Frictionless Ordering Experience

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 Big Chicken has selected PAR's Brink POS, Data Central Backoffice and PAR Pay for its food and beverage in-store technological requirements. Big Chicken, the star-powered fast casual chicken concept founded by NBA Hall of Famer Shaquille O'Neal, will utilize PAR's leading software solutions to streamli

Big Chicken Selects PAR Technology's Brink, Data Central and PAR Pay to Streamline Digital Operations

Most tech companies were overpriced in 2020 and 2021. Today, increasingly many are undervalued after the recent crash.

Buy The Crash: 2 Tech Stocks That Should Soar

NEW HARTFORD, N.Y.--(BUSINESS WIRE)--ParTech, Inc. (PAR), a global restaurant technology company providing a unified commerce cloud platform for enterprise restaurants, announced a new partnership with OneDine® to integrate their low-contact, labor-optimized technology into the growing PAR ecosystem. ParTech, Inc., is a wholly owned subsidiary of PAR Technology Corporation (NYSE: PAR). OneDine's technology interfaces with restaurant POS software to provide mobile or server tablet menu browsing,

OneDine® Brings Enhanced POS Features to the PAR™ Technology Ecosystem

The consensus price target hints at a 38.7% upside potential for PAR Technology (PAR). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.

Wall Street Analysts See a 39% Upside in PAR Technology (PAR): Can the Stock Really Move This High?

The average of price targets set by Wall Street analysts indicates a potential upside of 57.5% in PAR Technology (PAR). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.

Can PAR Technology (PAR) Climb 58% to Reach the Level Wall Street Analysts Expect?

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 enterprise restaurants today announced its participation at the upcoming BTIG Restaurant Technology Forum. PAR's management will participate in a fireside chat and conduct one-on-one meetings with investors and analysts during the virtual conference on Tuesday, May 24, 2022. The fireside chat is scheduled for Tuesday, May 24, 20

PAR Technology Corporation to Participate in the BTIG Restaurant Technology Forum

JACKSONVILLE, Fla.--(BUSINESS WIRE)--Incisiv, a next-generation industry insights firm that helps retailers and brands help navigate digital disruption, announced today the release of its 2022 Loyalty Maturity Benchmark Research in partnership with PAR Technology's Punchh, a leading loyalty, offers and engagement solution. The buying journey has been forever changed, and digital is now the starting point for over 85% of customers across convenience, grocery and QSR, according to new insights re

Incisiv and PAR Technology's Punchh Release 2022 Loyalty Maturity Benchmark Research

Par Technology Corporation (NYSE:PAR ) Q1 2022 Results Earnings Conference Call May 10, 2022 4:30 PM ET Company Participants Savneet Singh - President and Chief Executive Officer Chris Byrnes - Vice President, Business Development Bryan Menar - Chief Financial Officer Conference Call Participants Kyle Peterson - Needham & Company Samad Samana - Jefferies Stephen Sheldon - William Blair George Sutton - Craig-Hallum Anja Soderstrom - Sidoti & Company Adam Wyden - ADW Capital Operator Good day and thank you for standing by. Welcome to the Fiscal Year 2022 First Quarter Financial Results Conference Call.

Par Technology Corporation (PAR) CEO Savneet Singh on Q1 2022 Results - 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 the first quarter ended March 31, 2022. Summary of Fiscal 2022 First Quarter Revenues were reported at $80.3 million for the first quarter of 2022, a 47.4% increase compared to $54.5 million for the same period in 2021. Punchh contributed $11.2 million of revenue for the first quarter of 2022. Net loss for the first quarter of 2022 was $15.7 m

PAR Technology Corporation Announces 2022 First Quarter Results

NEW HARTFORD, N.Y.--(BUSINESS WIRE)--PAR Technology Corporation (PAR), a global restaurant technology company providing a unified commerce platform for enterprise restaurants, today announced the appointment of two key individuals to the roles of Chief Marketing Officer and Senior Vice President of Human Resources. The new additions to the executive leadership team will play a pivotal role in the future success of PAR, as the Company continues to accelerate its growth trajectory. Seth Temko was

PAR Technology Announces Two New Key Leadership Appointments

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 10, 2022. 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 u

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

BlackSky Technology

NEW HARTFORD, N.Y.--(BUSINESS WIRE)--PAR Technology Corporation (NYSE: PAR) today announced that its wholly-owned subsidiary PAR Government Systems Corporation (PGSC) has incorporated BlackSky's (NYSE: BKSY) commercial satellite data into the Sit(x)™ cloud-native situational awareness suite making it possible for tactical and operational end users to access near real-time imagery on the Tactical Assault Kit (TAK) mobile platform. “As the name implies, Sit(x) can handle the situational awareness

PAR Government Teams Up with BlackSky to Deliver Commercial Near Real-Time Imagery to the Tactical Edge

NEW HARTFORD, N.Y.--(BUSINESS WIRE)--ParTech, Inc. (PAR) a global restaurant technology company and builder of a unified commerce cloud platforms for enterprise restaurants today announced that its leading customer loyalty, offers and engagement solution, Punchh, has been selected by CKE Restaurants Holdings, Inc. (CKE) – the owner, operator and franchisor of Carl's Jr. and Hardee's –to introduce an upgraded digital loyalty program to all of their stores. Previously, CKE Restaurants Holdings se

CKE Restaurants Selects PAR Technology's Punchh® for Customer Loyalty and Engagement

NEW HARTFORD, N.Y.--(BUSINESS WIRE)--ParTech, Inc. (PAR), a global restaurant technology company and builder of a unified commerce cloud platforms for enterprise restaurants, today announced that PAR's Data Central restaurant back-office application was chosen by California Pizza Kitchen (CPK) to provide enterprise-level data management for their restaurants. ParTech, Inc., is a wholly owned subsidiary of PAR Technology Corporation (NYSE: PAR). Data Central plays a major role in CPK's back-offi

PAR™ Technology's Data Central® Restaurant Management Solution to Serve California Pizza Kitchen's 150+ Locations

NEW HARTFORD, N.Y.--(BUSINESS WIRE)--ParTech, Inc. (PAR), a global restaurant technology company building a unified commerce cloud platform for enterprise retailers, today announced the Winter 2022 Product and Innovation Release for its digital loyalty, offers and customer engagement platform Punchh. Punchh powers loyalty and offers for over 250 global enterprise brands, helping turn anonymous buyers into brand superfans through one-of-one personalization and data-driven, omnichannel engagement

PAR Technology's Punchh® Announces 2022 Winter Release for Loyalty, Offers, and Customer Engagement Platform

NEW HARTFORD, N.Y.--(BUSINESS WIRE)--ParTech, Inc. (PAR), a global restaurant technology company building a unified commerce cloud platform for enterprise restaurants, unveiled a next-level partnership with Cardfree, Inc., adding their end-to-end digital commerce technology to the growing Brink POS® integration ecosystem. ParTech, Inc., is a wholly owned subsidiary of PAR™ Technology Corporation (NYSE: PAR). Based in Mill Valley, CA, CardFree provides restaurants and hospitality companies with

PAR Technology Partners with CardFree Payment Solutions to Bring Next-Level Digital Ordering to PAR's Brink POS®

Par Technology Corporation (PAR) CEO Savneet Singh on Q4 2021 Results - 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, 2021. Summary of Fiscal 2021 Fourth Quarter Revenues were reported at $81.6 million for the fourth quarter of 2021, a 39.4% or $23.1 million increase compared to $58.5 million for the same period in 2020. Punchh® contributed $9.4 million of revenue for the fourth quarter of 2021. Net loss

PAR Technology Corporation Announces Fourth Quarter and Full Year 2021 Results

NEW HARTFORD, N.Y.--(BUSINESS WIRE)--ParTech, Inc. (PAR), a global restaurant technology company building a unified commerce cloud platform for enterprise restaurants today announced that its leading customer loyalty, offers and engagement solution, Punchh, and its Vice President of Strategy Sastry Penumarthy will be presenting at the 2022 NGA Conference in Las Vegas on March 1st at 10:45 a.m. Pacific Time, in the Technology Thought Leadership Theater. The presentation is expected to further el

PAR Technology's Punchh® to Present at National Grocers Association Show in Las Vegas

IRVINE, Calif. , Feb. 21, 2022 /PRNewswire/ -- Pokeworks, the world's leading fast casual poke brand, announced the launch of a new website, new app, improved online ordering capabilities and an upgraded loyalty experience for poke lovers everywhere.

Pokeworks Unveils Best-in-Class Digital and Rewards Experience

NEW HARTFORD, N.Y.--(BUSINESS WIRE)--ParTech, Inc.'s (PAR) a global restaurant technology company building a unified commerce cloud platform for enterprise restaurants today announced its leading customer loyalty, offers and engagement solution, Punchh, recently presented its third-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 m

PAR Technology's Punchh® Announces 2021 Customer Loyalty Award Winners

NEW HARTFORD, N.Y.--(BUSINESS WIRE)--ParTech, Inc. (PAR) a global restaurant technology company building a unified commerce cloud platform for enterprise restaurants, today announced Don Wight as the new president and general manager of PAR's leading customer loyalty, offers and engagement solution, Punchh. ParTech, Inc. is a wholly-owned subsidiary of PAR Technology Corporation (NYSE: PAR). "Since the acquisition of Punchh in April of last year, it has been exciting to watch the next stage of

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