Latest news with #PARTechnologyCorporation
Yahoo
02-06-2025
- Business
- Yahoo
PAR Technology Corporation to Participate at the William Blair 45th Annual Growth Stock Conference
NEW HARTFORD, N.Y., June 02, 2025--(BUSINESS WIRE)--PAR Technology Corporation (NYSE: PAR) a global foodservice technology company providing unified solutions for restaurants and retailers, today announced PAR CEO, Savneet Singh, will present at the upcoming William Blair 45th Annual Growth Stock Conference. Mr. Singh will present at the conference on Wednesday, June 4th at 3:40 p.m. ET. PAR management will also conduct one-on-one meetings with investors and analysts during the conference. Live webcast of the presentation will be available by visiting PAR Technology's website at Replays of the webcasts will be available following the conclusion of each live presentation broadcast. ABOUT PAR TECHNOLOGY CORPORATION For more than 40 years, PAR Technology Corporation's (NYSE Symbol: PAR) cutting-edge products and services have helped bold and passionate restaurant brands build lasting guest relationships. We are the partner enterprise restaurants rely on when they need to serve amazing moments from open to close, during the most hectic rush hours, and when the world forces them to adapt and overcome. More than 70,000 restaurants in more than 110 countries use PAR's restaurant point-of-sale, customer loyalty and engagement, payments, omnichannel digital ordering and delivery, and back-office software solutions as well as industry leading hardware and drive-thru offerings. To learn more, visit or connect with us on LinkedIn, Twitter, Facebook, and Instagram. The Company's Environmental, Social, and Governance report can be found at View source version on Contacts Christopher R. Byrnes (315) 743-8376chris_byrnes@
Business Wire
02-06-2025
- Business
- Business Wire
PAR Technology Corporation to Participate at the William Blair 45th Annual Growth Stock Conference
NEW HARTFORD, N.Y.--(BUSINESS WIRE)--PAR Technology Corporation (NYSE: PAR) a global foodservice technology company providing unified solutions for restaurants and retailers, today announced PAR CEO, Savneet Singh, will present at the upcoming William Blair 45th Annual Growth Stock Conference. Mr. Singh will present at the conference on Wednesday, June 4 th at 3:40 p.m. ET. PAR management will also conduct one-on-one meetings with investors and analysts during the conference. Live webcast of the presentation will be available by visiting PAR Technology's website at Replays of the webcasts will be available following the conclusion of each live presentation broadcast. For more than 40 years, PAR Technology Corporation's (NYSE Symbol: PAR) cutting-edge products and services have helped bold and passionate restaurant brands build lasting guest relationships. We are the partner enterprise restaurants rely on when they need to serve amazing moments from open to close, during the most hectic rush hours, and when the world forces them to adapt and overcome. More than 70,000 restaurants in more than 110 countries use PAR's restaurant point-of-sale, customer loyalty and engagement, payments, omnichannel digital ordering and delivery, and back-office software solutions as well as industry leading hardware and drive-thru offerings. To learn more, visit or connect with us on LinkedIn, Twitter, Facebook, and Instagram. The Company's Environmental, Social, and Governance report can be found at
Yahoo
26-05-2025
- Business
- Yahoo
Do You Believe in the Upside Potential of PAR Technology Corporation (PAR)?
Baron Funds, an investment management company, released its 'Baron Small Cap Fund' first-quarter 2025 investor letter. A copy of the letter can be downloaded here. In the first quarter of 2025, the fund was down 9.07% (Institutional Shares) compared to the Russell 2000 Growth Index's (the Index) -11.12% return. Small-cap stocks continued to underperform larger market caps meaningfully, so the Fund lagged the Russell 3000 Index, which fell 4.72% in the quarter. In addition, please check the fund's top five holdings to know its best picks in 2025. In its first-quarter 2025 investor letter, Baron Small Cap Fund highlighted stocks such as PAR Technology Corporation (NYSE:PAR). PAR Technology Corporation (NYSE:PAR) offers omnichannel cloud-based hardware and software solutions to the restaurant and retail industries. The one-month return of PAR Technology Corporation (NYSE:PAR) was 10.27%, and its shares gained 36.43% of their value over the last 52 weeks. On May 23, 2025, PAR Technology Corporation (NYSE:PAR) stock closed at $65.95 per share with a market capitalization of $2.671 billion. Baron Small Cap Fund stated the following regarding PAR Technology Corporation (NYSE:PAR) in its Q1 2025 investor letter: "We purchased shares of PAR Technology Corporation (NYSE:PAR), a leading software, hardware, and service provider to the foodservice industry. PAR is building an all-in-one software and service platform for enterprise restaurants and convenience stores to run the most critical portions of their technology stacks. Historically, the company was known as a hardware supplier to large QSR restaurant chains, but since CEO Savneet Singh took the role in late 2018, he has made software the primary focus of the business through organic investment and M&A. The company has added several complementary software pieces around its core point-of-sale software product (less than $10 million in software revenue when Savneet took over) to build a unified technology platform offering integrated solutions and data insights supporting $275 million in ARR today growing 20% or more annually. A video engineer working with advanced technological tools to analyze data from various platforms. PAR Technology Corporation (NYSE:PAR) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 28 hedge fund portfolios held PAR Technology Corporation (NYSE:PAR) at the end of the first quarter compared to 33 in the third quarter. PAR Technology Corporation's (NYSE:PAR) first quarter revenue increased more than 48% to $104 million. While we acknowledge the potential of PAR Technology Corporation (NYSE:PAR) as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is as promising as NVIDIA but that trades at less than 5 times its earnings, check out our report about the undervalued AI stock set for massive gains. In another article, we covered PAR Technology Corporation (NYSE:PAR) and shared Greenhaven Road Capital's views on the company. In addition, please check out our hedge fund investor letters Q1 2025 page for more investor letters from hedge funds and other leading investors. READ NEXT: Michael Burry Is Selling These Stocks and A New Dawn Is Coming to US Stocks. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
Yahoo
23-05-2025
- Business
- Yahoo
What's Powering PAR Technology's (PAR) Growth and Profitability?
Greenhaven Road Capital, an investment management company, released its first-quarter 2025 investor letter. A copy of the letter can be downloaded here. In the first quarter, the fund returned around -12% net of fees and expenses, trailing the Russell 2000 by approximately 2% in large part. The Q1 letter focused on President Trump's Liberation Day and the attendant tariff policies rather than company fundamentals. In addition, you can check the fund's top 5 holdings to determine its best picks for 2025. In its first-quarter 2025 investor letter, Greenhaven Road Capital highlighted stocks such as PAR Technology Corporation (NYSE:PAR). PAR Technology Corporation (NYSE:PAR) offers omnichannel cloud-based hardware and software solutions to the restaurant and retail industries. The one-month return of PAR Technology Corporation (NYSE:PAR) was 11.65%, and its shares gained 38.49% of their value over the last 52 weeks. On May 22, 2025, PAR Technology Corporation (NYSE:PAR) stock closed at $66.39 per share with a market capitalization of $2.689 billion. Greenhaven Road Capital stated the following regarding PAR Technology Corporation (NYSE:PAR) in its Q1 2025 investor letter: "PAR Technology Corporation (NYSE:PAR) – PAR does have a legacy hardware business that would be impacted by tariffs. PAR's supply chains primarily involve South Korea and Taiwan, so they should not be impacted by the super-sized China tariffs, and the company believes that tariff costs generally can be passed on to customers. That said, virtually nobody owns PAR for the hardware business, though it is helpful to be vertically integrated and subsidized hardware can be used to secure very high-margin software contracts. I cannot imagine an informed PAR investor selling their shares because of the impact of tariffs. Further, PAR's core customers are Quick Service Restaurants (Burger King, etc.), which generally do very well in a weaker economy as consumers 'trade down.' An engineer working in a tech lab, surrounded by tools and components. PAR Technology Corporation (NYSE:PAR) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 33 hedge fund portfolios held PAR Technology Corporation (NYSE:PAR) at the end of the fourth quarter compared to 24 in the third quarter. PAR Technology Corporation's (NYSE:PAR) first quarter revenue increased more than 48% to $104 million. While we acknowledge the potential of PAR Technology Corporation (NYSE:PAR) as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is as promising as NVIDIA but that trades at less than 5 times its earnings, check out our report about the undervalued AI stock set for massive gains. In another article, we covered PAR Technology Corporation (NYSE:PAR) and shared Greenhaven Road Capital's views on the company in the previous quarter. In addition, please check out our hedge fund investor letters Q1 2025 page for more investor letters from hedge funds and other leading investors. READ NEXT: Michael Burry Is Selling These Stocks and A New Dawn Is Coming to US Stocks. Disclosure: None. This article is originally published at Insider Monkey.
Business Wire
09-05-2025
- Business
- Business Wire
PAR Technology Corporation Announces First Quarter 2025 Results
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, 2025. 'PAR delivered another strong quarter, driven by our Better Together software thesis coming to fruition, and the resilient enterprise food-service industry,' commented Savneet Singh, PAR Technology's CEO. 'Our Operator and Engagement solutions each contributed to these solid results, evidenced by new customer wins and go-lives, resulting in a 20%+ year-over-year organic growth (78% total growth) in subscription service revenues, and an 18% increase in ARR from Q1 last year. Additionally, we continued to see accelerated adoption of multi-product deals, helping drive strong year-over-year gross margin expansion and our third consecutive quarter of positive Adjusted EBITDA.' The Company's key performance indicators ARR and Active Sites (1) are presented as two subscription service product lines: Engagement Cloud consisting of Punchh, PAR Retail (including GoSkip), PAR Ordering, and Plexure product offerings. Operator Cloud consisting of PAR POS, PAR Pay, PAR OPS (Data Central and Delaget), and TASK product offerings. Highlights of Engagement Cloud - First Quarter 2025 (1): ARR at end of Q1 '25 totaled $164.9 million Active Sites as of March 31, 2025 totaled 120.6 thousand Highlights of Operator Cloud - First Quarter 2025 (1): ARR at end of Q1 '25 totaled $117.2 million Active Sites as of March 31, 2025 totaled 59.0 thousand (1) See 'Key Performance Indicators and Non-GAAP Financial Measures' below. Earnings Conference Call. There will be a conference call at 9:00 a.m. (Eastern) on May 9, 2025, during which management will discuss the Company's financial results for the first quarter ended March 31, 2025. The conference call will be webcast live. To access the webcast, please visit the Investor Relations section of the Company's website at A recording of the webcast will be available on this site after the event. About PAR Technology Corporation. For over four decades, PAR Technology Corporation (NYSE: PAR) has been at the forefront of technology innovation in foodservice, helping businesses create exceptional guest experiences and connections. PAR's comprehensive suite of software and hardware solutions, including point-of-sale, digital ordering, loyalty, back-office management, and payments, serves a diverse range of hospitality and retail clients across more than 110 countries. With its 'Better Together' ethos, PAR continues to deliver unified solutions that drive customer engagement, efficiency, and growth, all to make it easier for PAR's customers to manage their operations. To learn more, visit or connect with us on LinkedIn, X (formerly Twitter), Facebook, and Instagram. The PAR Technology 2025 Sustainability Report can be found at: Key Performance Indicators and Non-GAAP Financial Measures. We monitor certain key performance indicators and non-GAAP financial measures in the evaluation and management of our business; certain key performance indicators and non-GAAP financial measures are provided in this press release because we believe they are useful in facilitating period-to-period comparisons of our business performance. Key performance indicators and non-GAAP financial measures do not reflect and should be viewed independently of our financial performance determined in accordance with GAAP. Key performance indicators and non-GAAP financial measures are not forecasts or indicators of future or expected results and should not have undue reliance placed upon them by investors. Where non-GAAP financial measures are included in this press release, the most directly comparable GAAP financial measures and a detailed reconciliation between GAAP and non-GAAP financial measures is included in this press release under 'Non-GAAP Financial Measures'. Unless otherwise indicated, financial and operating data included in this press release is as of March 31, 2025. As used in this press release, 'Annual Recurring Revenue' or 'ARR' is the annualized revenue from subscription services, including subscription fees for our SaaS solutions and related software support, managed platform development services, and transaction-based payment processing services. We generally calculate ARR by annualizing the monthly subscription service revenue for all Active Sites as of the last day of each month for the respective reporting period. Our reported ARR is based on a constant currency, using the exchange rates established at the beginning of the year and consistently applied throughout the period and to comparative periods presented. For acquisitions made during each period, the constant currency rate applied is the exchange rate at the date of each acquisition's closure. 'Active Sites' represent locations active on PAR's subscription services as of the last day of the respective reporting period. Trademarks. ' PAR®,' 'PAR POS®', 'Punchh®,' 'PAR Ordering™', "PAR OPS™," 'Data Central®," 'Delage™,' "PAR Retail™", "PAR® Pay', 'PAR® Payment Services', and other trademarks identifying our products and services appearing in this press release belong to us. Forward-Looking Statements. This press release contains forward-looking statements made pursuant to the safe harbor provisions of Section 21E of the Securities Exchange Act of 1934, as amended, Section 27A of the Securities Act of 1933, as amended, and the Private Securities Litigation Reform Act of 1995, the accuracy of such statements is necessarily subject to risks, uncertainties and assumptions as to future events that may not prove to be accurate. These statements include, but are not limited to, express or implied forward-looking statements relating to the plans, strategies and objectives of management relating to our growth, results of operations, and financial performance, including customer retention, service and product offerings, the development, demand, market share, and competitive performance of our products and services; revenues, gross margins, expenses, cash flows, and other financial measures and key performance indicators, including ARR, Active Sites, subscription service gross margins, net loss, and net loss per share; the availability and terms of product and component supplies for our hardware products; expanding our addressable markets and cross-selling efforts; anticipated benefits of acquisitions, divestitures, and capital markets transactions; and macroeconomic trends, geopolitical events, tariffs, and trade disputes and the expected impact of those trends and events on our business, results of operations, and financial performance. These statements are neither promises nor guarantees but are subject to a variety of risks and uncertainties, many of which are beyond our control, which could cause actual results to differ materially from those contemplated in these forward-looking statements. Factors, risks, trends and uncertainties that could cause actual results to differ materially from those expressed or implied by forward-looking statements include our ability to successfully develop or acquire and transition new products and services and enhance existing products and services to meet evolving customer needs and respond to emerging technological trends, including our effective us of artificial intelligence (AI) in product development and integration of AI tools into our product and service offerings; our ability to add and retain Active Sites and integration partners; our ability to successfully integrate acquisitions into our operations, and realize the anticipated benefits; macroeconomic trends, such as a recession or slowed economic growth, fluctuating interest rates, inflation, and changes in consumer confidence and discretionary spending; our ability to successfully expand our business or products into new markets or industries; geopolitical events, such the Russia-Ukraine war, tensions with China and between China and Taiwan, hostilities in the Middle East, including the Israel conflict(s), and uncertainty relating to new or increased tariffs or other trade restrictions implemented by the U.S. or retaliatory trade measures or tariffs implemented by other countries and our ability to retain and manage suppliers, secure alternative suppliers, and manage inventory levels and costs, navigate manufacturing disruptions or logistics challenges, shipping delays, and shipping costs; and the other factors discussed in our most recent Annual Report on Form 10-K and our other filings with the Securities and Exchange Commission. Undue reliance should not be placed on the forward-looking statements in this press release, which are based on information available to us on the date hereof. We undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as may be required under applicable securities law. (unaudited, in thousands, except share and per share amounts) Assets December 31, 2024 Current assets: Cash and cash equivalents $ 91,652 $ 108,117 Cash held on behalf of customers 18,059 13,428 Short-term investments 531 524 Accounts receivable – net 70,008 59,726 Inventories 23,217 21,861 Other current assets 16,430 14,390 Total current assets 219,897 218,046 Property, plant and equipment – net 13,872 14,107 Goodwill 890,493 887,459 Intangible assets – net 234,057 237,333 Lease right-of-use assets 7,719 8,221 Other assets 15,511 15,561 Total Assets $ 1,381,549 $ 1,380,727 Liabilities and Shareholders' Equity Current liabilities: Accounts payable $ 32,222 $ 34,784 Accrued salaries and benefits 12,101 22,487 Accrued expenses 11,490 13,938 Customers payable 18,059 13,428 Lease liabilities – current portion 2,222 2,256 Customer deposits and deferred service revenue 31,410 24,944 Total current liabilities 107,504 111,837 Lease liabilities – net of current portion 5,608 6,053 Deferred service revenue – noncurrent 1,454 1,529 Long-term debt 392,270 368,355 Other long-term liabilities 22,718 21,243 Total liabilities 529,554 509,017 Shareholders' equity: Preferred stock, $0.02 par value, 1,000,000 shares authorized, none outstanding — — Common stock, $0.02 par value, 116,000,000 shares authorized, 42,067,183 and 40,187,671 shares issued, 40,494,785 and 38,717,366 outstanding at March 31, 2025 and December 31, 2024, respectively 833 798 Additional paid in capital 1,201,016 1,085,473 Equity consideration payable — 108,182 Accumulated deficit (304,293 ) (279,943 ) Accumulated other comprehensive loss (16,697 ) (20,951 ) Treasury stock, at cost, 1,572,398 and 1,470,305 shares at March 31, 2025 and December 31, 2024, respectively (28,864 ) (21,849 ) Total shareholders' equity 851,995 871,710 Total Liabilities and Shareholders' Equity $ 1,381,549 $ 1,380,727 Expand See notes to unaudited interim condensed consolidated financial statements included in the Company's quarterly report on Form 10-Q for the quarter ended March 31, 2025 (the 'Quarterly Report'). See notes to unaudited interim condensed consolidated financial statements included in the Quarterly Report. PAR TECHNOLOGY CORPORATION SUPPLEMENTAL INFORMATION (unaudited) Non-GAAP Financial Measures In addition to disclosing financial results in accordance with GAAP, this press release contains references to the non-GAAP financial measures below. We believe these non-GAAP financial measures provide investors with useful supplemental information about our operating performance, enable comparison of financial trends and results between periods where certain items may vary independent of business performance, and allow for greater transparency with respect to key metrics used by management in operating our business and measuring our performance. The income tax effect of the below adjustments, with the exception of non-recurring income taxes, were not tax-effected due to the valuation allowance on all of our net deferred tax assets. Our non-GAAP financial measures should not be considered a substitute for, or superior to, financial measures calculated in accordance with GAAP, and the financial results calculated in accordance with GAAP and reconciliations from these results should be carefully evaluated. Additionally, these measures may not be comparable to similarly titled measures disclosed by other companies. Non-GAAP Measure or Adjustment Definition Usefulness to management and investors Non-GAAP subscription service gross margin percentage Represents subscription service gross margin percentage adjusted to exclude amortization from acquired and internally developed software, stock-based compensation, and severance. We believe that non-GAAP subscription service gross margin percentage and adjusted EBITDA provide useful perspectives with respect to the Company's core operating performance and ongoing cash earnings by adjusting for certain non-cash and non-recurring charges that may not be indicative of our financial performance. Adjusted EBITDA Represents net loss before income taxes, interest expense, and depreciation and amortization adjusted to exclude certain non-cash and non-recurring charges that may not be indicative of our financial performance. Non-GAAP diluted net loss per share Represents net loss per share excluding amortization of acquired intangible assets and certain non-cash and non-recurring charges that may not be indicative of our financial performance. We believe that adjusting our diluted net loss per share to remove non-cash and non-recurring charges provides a useful perspective with respect to the Company's operating performance as well as comparisons to past and competitor operating results. Stock-based compensation Consists of non-cash charges related to our employee equity incentive plans. We exclude stock-based compensation because management does not view these non-cash charges as part of our core operating performance. This adjustment facilitates a useful evaluation of our current operating performance as well as comparisons to past and competitor operating results. Transaction costs Adjustment reflects non-recurring professional fees incurred in transaction due diligence and integration, including costs incurred in the acquisitions of Stuzo Blocker, Inc., Stuzo Holdings, LLC and their subsidiaries (the "Stuzo Acquisition"), TASK Group Holdings Limited, and Delaget, LLC. We exclude professional fees incurred in corporate development because management does not view these non-recurring charges, which are inconsistent in size and are significantly impacted by the timing and valuation of our transactions, as part of our core operating performance. This adjustment facilitates a useful evaluation of our current operating performance, comparisons to past and competitor operating results, and additional means to evaluate expense trends. Severance Adjustment reflects severance tied to non-recurring restructuring events included in cost of sales, sales and marketing expense, general and administrative expense, and research and development expense. We exclude these non-recurring adjustments because management does not view these costs as part of our core operating performance. These adjustments facilitate a useful evaluation of our current operating performance as well as comparisons to past and competitor operating results. Loss on extinguishment of debt Adjustment reflects loss on extinguishment of debt related to the early repayment of the former credit facility with Blue Owl Capital Corporation. Discontinued operations Adjustment reflects income from discontinued operations related to the disposition of our Government segment. Other expense (income), net Adjustment reflects foreign currency transaction gains and losses and other non-recurring income and expenses recorded in other expense (income), net in the accompanying statements of operations. Non-recurring income taxes Adjustment reflects a partial release of our deferred tax asset valuation allowance resulting from the Stuzo Acquisition. We exclude these non-cash and non-recurring adjustments for purposes of calculating non-GAAP diluted net loss per share because management does not view these costs as part of our core operating performance. These adjustments facilitate a useful evaluation of our current operating performance, comparisons to past and competitor operating results, and additional means to evaluate expense trends. Non-cash interest Adjustment reflects non-cash amortization of issuance costs and discount related to the Company's long-term debt. Acquired intangible assets amortization Adjustment reflects amortization expense of acquired developed technology included within cost of sales and amortization expense of acquired intangible assets. Expand The tables below provide reconciliations between net loss and adjusted EBITDA, diluted net loss per share and non-GAAP diluted net loss per share, and subscription service gross margin percentage and non-GAAP subscription service gross margin percentage. (in thousands) Three Months Ended March 31, Reconciliation of Net Loss to Adjusted EBITDA 2025 2024 Net loss $ (24,350 ) $ (18,288 ) Discontinued operations (197 ) (2,078 ) Net loss from continuing operations (24,547 ) (20,366 ) Provision for (benefit from) income taxes 1,281 (7,785 ) Interest expense, net 1,634 1,708 Depreciation and amortization 11,882 7,293 Stock-based compensation 7,181 4,410 Transaction costs 1,155 3,405 Severance 72 1,434 Loss on extinguishment of debt 5,791 — Other expense (income), net 91 (300 ) Adjusted EBITDA $ 4,540 $ (10,201 ) Expand (in thousands, except per share amounts) Three Months Ended March 31, Reconciliation between GAAP and Non-GAAP Diluted Net Loss per share 2025 2024 Diluted net loss per share $ (0.60 ) $ (0.62 ) Discontinued operations (0.01 ) (0.07 ) Diluted net loss per share from continuing operations (0.61 ) (0.69 ) Non-recurring income taxes — (0.27 ) Non-cash interest 0.01 0.02 Acquired intangible assets amortization 0.23 0.18 Stock-based compensation 0.18 0.15 Transaction costs 0.03 0.12 Severance — 0.05 Loss on extinguishment of debt 0.14 — Other expense (income), net — (0.01 ) Non-GAAP diluted net loss per share $ (0.01 ) $ (0.47 ) Diluted weighted average shares outstanding 40,174 29,516 Expand Three Months Ended March 31, Reconciliation between GAAP and Non-GAAP Subscription Service Gross Margin Percentage 2025 2024 Subscription Service Gross Margin Percentage 57.8 % 51.6 % Depreciation and amortization 11.1 % 13.9 % Stock-based compensation 0.2 % 0.1 % Severance — % 0.1 % Non-GAAP Subscription Service Gross Margin Percentage 69.1 % 65.7 % Expand
