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 leading global provider of point of sale (POS) software and integrated technical solutions to the restaurant and retail industries, has added i3 International, an Artificial Intelligence (AI) video solutions provider, to its growing Brink POS® integration ecosystem. ParTech, Inc. is a wholly owned subsidiary of PAR Technology Corporation (NYSE: PAR). Using video camera data combined with information supplied from Brink POS®, i3's advan

PAR Technology Announces the Addition of Digital Video Solutions Provider i3 International to the Brink POS® Integration Ecosystem

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, has added DAVO Sales Tax®, a sales tax management service, to its integration partner ecosystem. ParTech, Inc. is a wholly owned subsidiary of PAR Technology Corporation (NYSE: PAR). DAVO simplifies the sales tax management process for restaurant operators without forcing them to take any additional acti

DAVO Joins Brink POS® Integration Ecosystem

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 adding Dash Now, a contactless payment and curbside management provider to its leading integration partner ecosystem. ParTech, Inc. is a wholly owned subsidiary of PAR Technology Corporation (NYSE: PAR). Dash Now offers restaurants of all sizes an easier way to take advantage of contactless payment te

PAR Technology Adds Contactless Payment Provider Dash Now to Growing Brink POS® Integration Partner Ecosystem

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, has added Craftable to its Brink integration ecosystem. ParTech, Inc. is a wholly owned subsidiary of PAR Technology Corporation (NYSE: PAR). Craftable's platform provides single-site locations and multi-unit enterprises with ordering and purchasing capabilities, real-time inventory management, menu costing and

PAR Technology Adds Craftable to its BRINK POS® Integration Ecosystem

NEW HARTFORD, N.Y.--(BUSINESS WIRE)--ParTech, Inc. (ParTech), a leading global provider of point of sale (POS) software and integrated technical solutions to the restaurant and retail industries, has added XPR to its Brink POS integration ecosystem as a partner specializing in self-serve kiosks, contactless food ordering, KDS, and content management services. ParTech, Inc. is a wholly owned subsidiary of PAR Technology Corporation. XPR delivers innovative solutions to the hospitality industry,

PAR Technology Adds XPR to Its Brink POS® Integration Ecosystem

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, is announcing the official launch of its latest terminal, the PAR Helix™. ParTech, Inc. is a wholly owned subsidiary of PAR Technology Corporation (NYSE: PAR) The Helix features a 13.3” widescreen monitor, giving it a smaller restaurant footprint compared to PAR's current slate of terminals, and includes 8GB of RAM,

The Future of Restaurant Technology Has Arrived: Introducing PAR Helix™

NEW HARTFORD, N.Y.--(BUSINESS WIRE)--ParTech, Inc. (PAR) a wholly-owned subsidiary of PAR Technology Corporation (NYSE:PAR) and a leading global provider of point of sale (POS) solutions and integrated technical solutions to the restaurant and retail industries, announced today CKE Restaurants Holdings, Inc. (“CKE”), which operates Carl's Jr.® and Hardee's® brands, has selected PAR Brink POS® software for their corporate-owned restaurants and select franchisee restaurants. CKE has been a long-t

CKE Restaurants Selects PAR Technology's Cloud-Based Brink POS® Software

NEW HARTFORD, N.Y.--(BUSINESS WIRE)--ParTech, Inc. (“ParTech”), a leading global provider of point of sale (POS) software and integrated technology solutions to the restaurant industry, was recognized as a Leader in the IDC MarketScape: Worldwide Point-of-Sale (POS) Applications in Quick-Service/Fast-Casual Restaurants 2020–2021.i ParTech, Inc. Is a wholly owned subsidiary of PAR Technology Corporation (NYSE: PAR). The IDC MarketScape evaluates POS vendors based upon their product and service c

ParTech, Inc. Recognized as a Leader in IDC MarketScape: Worldwide Point-of-Sale Applications in Quick-Service/Fast-Casual Restaurants 2020–2021

PAR Technology is a leading point of sale vendor targeting the restaurant market. The company has successfully embarked on a product transformation process that is now paying dividends.

PAR Technology Corporation: Leading Point Of Sale Vendor At A Compelling Valuation

NEW HARTFORD, N.Y.--(BUSINESS WIRE)--ParTech, Inc. (PAR), a wholly owned subsidiary of PAR Technology Corporation (NYSE: PAR) and a leading global provider of point of sale (POS) software and integrated technical solutions to the restaurant and retail industries, announced that Boston Market has selected PAR's Brink POS® software and PAR EverServ® hardware to deploy at all 350 restaurants nationwide. The new partnership was facilitated by PAR's long-time reseller partner, RDS Hospitality (RDS)

Boston Market Selects PAR Technology's Cloud-Based Brink POS® Software and EverServ® Hardware

NEW HARTFORD, N.Y.--(BUSINESS WIRE)--ParTech, Inc. (“ParTech”), a leading global provider of point of sale (POS) software and integrated technical solutions to the restaurant and retail industries, has added Lineup, a sales and labor forecasting solution powered by artificial intelligence, to its Brink POS integration ecosystem. Lineup puts the power of artificial intelligence into restaurant operators' hands, allowing them to make more consistent and profit-focused decisions about labor and fo

Lineup Adds New Machine Learning Capabilities to PAR Technology's Brink POS® Ecosystem

NEW HARTFORD, N.Y.--(BUSINESS WIRE)--ParTech, Inc. (ParTech), a leading global provider of point of sale (POS) software and integrated technical solutions to the restaurant industry, announced today that it has added FreedomPay, a global leader in Next Level Commerce™, as a payment gateway option for Brink POS customers. By adding support for FreedomPay, PAR continues to expand its leading integration ecosystem to help brands rapidly innovate and adapt to sudden changes in their business as the

PAR Technology Adds FreedomPay as New Payment Gateway Option for Brink POS® Customers

If you are looking for the best ideas for your portfolio you may want to consider some of Greenhaven Road Capital's top stock picks. Greenhaven Road Capital, an investment management firm, is bullish on PAR Technology Corp (NYSE:PAR) stock. In its Q3 2019 investor letter – you can download a copy here – the firm discussed its investment thesis on PAR Technology Corp (NYSE:PAR) stock. PAR Technology Corp (NYSE:PAR) is a provider of systems and service solutions for the hospitality industry.

PAR Technology (PAR) Stock Has Risen 67% in Last One Year, Outperforms Market

PAR Technology Corp (PAR) CEO Savneet Singh on Q3 2020 Results - Earnings Call Transcript

Shares of PAR Technology (NYSE:PAR) moved higher by 0.2% in pre-market trading after the company reported Q3 results.

Recap: PAR Technology Q3 Earnings

NEW HARTFORD, N.Y.--(BUSINESS WIRE)--PAR Technology Corporation (NYSE: PAR) ("PAR Technology" or the "Company") today announced its results for its third quarter ended September 30, 2020. Summary of Fiscal 2020 Third Quarter Revenues were reported at $54.8 million for the third quarter of 2020, compared to $45.4 million for the same period in 2019, a 20.7% increase. $7.2 million of the growth was driven by inorganic growth related to our Drive-Thru and Restaurant Magic acquisitions, that was pa

PAR Technology Corporation Announces 2020 Third Quarter Results

Greenhaven Road Capital recently released its Q3 2020 Investor Letter, a copy of which you can download here. Greenhaven's estimated returns for the third quarter totaled approximately +50% net of fees and expenses. August was the best month in the partnership history. The net result is that both funds are up around 55% for the year, comparing favorably to the Russell 2000, which ended September down -8.7% year to date. You should check out Greenhaven Road Capital's top 5 stock picks for investors to buy right now, which could be the biggest winners of this year.

Why PAR Technology (PAR) Stock is a Compelling Investment Case

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 6, 2020. 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 VP for Business Development, Christopher Byrnes will provide a business update and

PAR Technology Corporation Releases Conference Call and Webcast Information for Fiscal 2020 Third Quarter Financial Results

NEW HARTFORD, N.Y.--(BUSINESS WIRE)--ParTech, Inc. (“ParTech”), a leading global provider of point of sale (POS) software and integrated technical solutions to the restaurant and retail industries, has added OpenEye, a cloud-based video platform, to its Brink POS integration ecosystem. ParTech is a wholly owned subsidiary of PAR Technology Corporation (NYSE: PAR). Thousands of restaurants across the United States use OpenEye's video surveillance software to get a better return on their loss pre

OpenEye Joins PAR Technology's Brink POS® Integration Ecosystem

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, today announced its Brink POS cloud application was selected by Fazoli's Impact Hospitality Group, a Fazoli's franchisee, for their first and newly opened ghost kitchen in Atlanta, GA. Using Brink POS software and the PAR Kitchen solution, Fazoli's worked with Impact Hospitality Group owner Mike Lokhandwala

Fazoli's Franchisee Selects PAR Technology's Brink POS® to Launch Concept's First Ghost Kitchen

NEW HARTFORD, N.Y.--(BUSINESS WIRE)--ParTech, Inc. (ParTech), a leading global provider of point of sale (POS) software and integrated technical solutions to the restaurant and retail industries, has added Zuppler to its Brink POS integration ecosystem to provide an easy, reliable, and affordable food ordering solution for restaurants. Zuppler is an online and on-premise ordering solution with a people-first mentality, working with each restaurant concept’s guidelines to ensure an entirely bran

PAR Technology Adds Zuppler to its Brink POS® Integration Ecosystem

NEW HARTFORD, N.Y.--(BUSINESS WIRE)--ParTech, Inc. (ParTech), a leading global provider of point of sale (POS) software and integrated technical solutions to the restaurant and retail industries, today announced the addition of Tattle to its Brink POS integration ecosystem. Tattle is a Customer Experience Improvement (CXI) platform that uses artificial intelligence (AI) to find the largest opportunities to improve guest satisfaction. Earlier this year and due to the pandemic, off-premise orderi

Tattle Joins PAR Technology’s Brink POS® Integration Ecosystem to Assist Restaurants Increase Guest Satisfaction by Up to 15%

NEW HARTFORD, N.Y.--(BUSINESS WIRE)--ParTech, Inc. (PAR), a wholly owned subsidiary of PAR Technology Corporation (NYSE: PAR) and a leading global provider of point of sale (POS) software and integrated technical solutions to the restaurant industry, today introduced PAR Payment Services to provide an all-in-one payment processing solution for restaurants. Many restaurants rely on payment processors to handle customer payment transactions, leading to a complicated and frustrating experience fra

PAR Technology Announces the Release of PAR Payment Services

The provider of tech services to the hospitality industry raises fresh capital in a secondary offering.

Why PAR Technology Stock Plummeted Today

NEW HARTFORD, N.Y.--(BUSINESS WIRE)--PAR Technology Corporation (NYSE: PAR), a leading global provider of point of sale (POS) software, hardware and integrated technical solutions to the restaurant and retail industries, today announced the pricing of an underwritten public offering of 3,350,000 shares of its common stock at a price to the public of $38.00 per share, for total gross proceeds of $127.3 million, before deducting underwriting discounts and commissions and expenses payable by PAR T

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