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Par Technology Corporation  (PAR)
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Price: $48.3400 $0.40 0.834%
Day's High: $49.02 Week Perf: 4.75 %
Day's Low: $ 47.83 30 Day Perf: 15.76 %
Volume (M): 188 52 Wk High: $ 50.00
Volume (M$): $ 9,098 52 Wk Avg: $40.00
Open: $48.10 52 Wk Low: $28.21



 Market Capitalization (Millions $) 1,427
 Shares Outstanding (Millions) 30
 Employees 1,010
 Revenues (TTM) (Millions $) 419
 Net Income (TTM) (Millions $) 6
 Cash Flow (TTM) (Millions $) 7
 Capital Exp. (TTM) (Millions $) 11

Par Technology Corporation

PAR Technology Corporation (“PAR” or the “Company”) has operations in two distinct business segments: Hospitality and Government.

PAR’s Hospitality business segment, representing approximately 62% of consolidated revenue from continuing operations, provides technology solutions, including software, hardware and a full range of support services, to businesses and organizations within the global hospitality industry that includes restaurants, grocery stores and specialty retail outlets. The Company continues to be a leading provider of hospitality management technology solutions to restaurants (the quick service, fast casual and table service categories) with over 75,000 systems installed in over 110 countries. In addition, the Company is expanding its business into retail, big box retailers, grocery stores, food distribution, and contract food management organizations with PAR’s food safety and task management solution, SureCheck®. These technology solutions are marketed collectively through the Company’s hospitality segment.

PAR’s solutions for the restaurant industry integrate software applications, hardware platforms, software delivery, installation and lifecycle support services. PAR’s software offerings for the Restaurant market include front-of-store POS software applications, operations management software applications (known as back office software), and enterprise software applications for content management and business intelligence. PAR’s hardware offerings for the Restaurant market include Point-of-Sale (“POS”) terminals, tablets, kitchen systems utilizing printers and/or video monitors, and a wide range of food safety monitoring and task management hardware and software solutions.

The Company markets its software, hardware and services as an integrated solution or unbundled, on an individual basis. PAR’s Brink POS® (“Brink”) software is a modern, cloud-based, feature-rich POS platform that seamlessly scales for single and multi-unit operators with traditional and mobile platforms. PAR hardware offerings, particularly its POS terminals, are highly regarded by the hospitality industry for their broad functionality, reliability, durability, and highest quality. The Company often sells hardware in combination with services, thereby delivering maximum system performance on a cost-effective basis. PAR emphasizes the operational and economic value of a bundled, integrated solution, combining software, hardware and services that provide customers a comprehensive solution that enhances efficiencies in restaurant operations, while also providing operational and marketing insights.

Software: Restaurant Market

PAR restaurant software offerings are designed for multi-unit and individual restaurant operators, franchise and the enterprise alike in the three dominant restaurant categories: fast casual restaurants (“FC”), quick serve restaurants (“QSR”) and table service restaurants (“TSR”). Each of these restaurant categories has distinct operating characteristics and service delivery requirements that are managed by PAR’s Brink and PixelPoint software offerings. PAR’s software is designed to allow customers to configure their technology systems that meets their order entry, food preparation, inventory, and workforce management needs, while capturing real-time transaction data at each location and delivering valuable insight throughout the enterprise.

Brink software is a leading cloud based point of sale (“POS”) software for restaurants, especially the rapidly growing fast casual segment. As a cloud-native POS platform and a more efficient model than on premised POS software, the need for a back-office server in the restaurant is eliminated. Additionally, the cloud native model simplifies software version control and organizational updates, unlike legacy POS systems. Brink POS software is integrated with features that include but are not limited to loyalty at its core, mobile online ordering, kitchen video system, guest surveys, enterprise reporting, mobile dashboard.

PAR’s PixelPoint® software solution is primarily sold to independent table service and quick serve restaurants through our channel partners. This integrated software solution includes a point of sale software application, a self-service ordering function, an enterprise back-office management function, and an enterprise level loyalty and gift card information sharing application.


PixelPoint Head Office Cloud is a web-based enterprise reporting solution that consolidates restaurant data, and is offered as Software-as-a-Service (“SaaS”). Designed for corporate, field, and site managers, this decision-making tool provides visibility into every restaurant location via a dashboard displaying customer-defined financials, sales analysis, marketing, inventory, and workforce variables. PAR also offers applications for forecasting, labor scheduling, and inventory management.

Software: Retail Market

The SureCheck software solution provides food safety temperature monitoring and employee task management functionality through the combination of a cloud-based enterprise server application, a PDA-based mobile application and a patented integrated temperature measuring device. This solution is effective for managing Hazard Analysis & Critical Control Points (“HACCP”) inspection programs for retail and food service organizations, and automates the monitoring of quality risk factors while dramatically lowering the potential for human error. The SureCheck platform was also designed to help hospitality and retail operators efficiently complete and monitor the compliance of employee tasks while providing insight on abnormal checklist conditions, providing configurable, automated alerts when tasks are behind schedule or out of compliance. The data captured through this solution is used to manage policy compliance and oversight, loss prevention, safety, merchandising, and other audits unique to the customer.

Hardware

The PAR EverServ® family of hardware platforms are designed to operate in harsh hospitality environments, be durable and highly functioning, scalable and easily integrated - offering customers competitive performance at a cost-conscious price. The Company’s hardware platforms, compatible with popular operating systems, support a distributed processing environment and are suitable for a broad range of use and functions within the markets served. PAR’s open architecture POS platforms are optimized to host the Company’s POS software applications, as well as many third-party POS applications, and are compatible with many peripheral devices. PAR partners with numerous vendors of complementary in-store peripherals, from cash drawers, card readers and printers to kitchen video systems, allowing the Company to provide a complete solution integrated and delivered by one vendor.


PAR currently offers a range of POS hardware platforms, designed to meet and exceed the needs of its customers, regardless of the restaurant concept, the size of the organization or the complexity of its requirements. PAR’s hardware terminal offerings are primarily comprised of three POS product lines: EverServ 500, EverServ 7000 Series and EverServ 8000 Series.

PAR’s hardware offering, the EverServ 500 platform, is built with the same rugged durability PAR is known for and is a value platform for operators that require fewer features/functions. Its small ergonomic footprint is ideal for installations where space is at a premium. The EverServ 500’s solid state design is quiet, offers low power consumption and minimizes maintenance.

The patented EverServ 7000 series is, designed to offer PAR’s combination of performance, style, ease of service, remote management, flexibility and modularity. The EverServ 7000 series hardware is built to perform in harsh operating environments, enduring extremely high customer traffic and transaction activities and the difficult restaurant/retail environments that includes grease and liquid spills. The high performance architecture of the 7000 series supports demanding applications and delivers the speed needed to improve customer throughput.

The patent pending EverServ 8000 series is designed to offer PAR’s combination of performance, style, ease of service, remote management, flexibility and modularity. These platforms are designed and developed based on the latest technology platforms from Intel Corporation. The EverServ 8000 series hardware offers the most modern design and one of the smallest footprints available in the market and is built to perform in harsh operating environments, enduring extremely high customer traffic and transaction activities and the difficult restaurant/retail environments that includes grease and liquid spills. The high performance architecture of the series supports demanding applications and delivers the speed needed to improve customer throughput.

PAR’s Government business provides a range of technical services for the DoD and federal agencies. This segment is dedicated to serving ISR customers, through specialized development of advanced signal and image processing and management systems with a focus on geospatial intelligence, geographic information systems, and command and control applications. Additionally, this business provides mission critical telecommunications, satellite command and control, and information technology operations and maintenance services worldwide to the U.S. DoD.

ISR:
Intelligence, Surveillance and Reconnaissance: The Company provides a variety of geospatial intelligence solutions including full motion video, geospatial information assurance, raster imagery, and LiDAR. In depth expertise in these domains provides government customers and large systems integrators with key technologies supporting a range of applications from strategic enterprise systems to tactical individual users. Furthermore, PAR has developed a number of products relative to these advanced technologies and provides integration and training support.

Mission Systems:

Systems Engineering & Evaluation: The Company integrates and tests EO, IR, Radar, and multi/hyper-spectral sensor systems for a broad range of government and industry surveillance applications. The Company designs and integrates radar sensor systems including experimentation, demonstration, and test support. The Company also provides scientific and technical engineering and analysis to intelligence community customers, as well as program management services for the acquisition, development, and deployment of advanced prototypes and quick reaction systems.


Satellite & Telecommunications Services: The Company provides a wide range of technical and support services to sustain mission critical components of the DoD’s global information grid (“GIG”). These services include continuous 24/7/365 operations, system enhancements and associated maintenance of very low frequency (“VLF”), high frequency (“HF”) and very high frequency (“VHF”) ground-based radio transmitter/receiver facilities. Additionally, the Company operates and maintains several extremely high frequency (“EHF”) and super high frequency (“SHF”) satellite communication earth terminals and teleport facilities. The DoD communications earth stations operated by the Company is the primary communications infrastructure utilized by the national command authority and military services to exercise command and control of the nation’s air, land and naval forces and provide support to allied coalition forces.

Space & Satellite Control Services: The Company provides satellite operation, management, and maintenance services in support of satellite control center operations. Primary services include satellite telemetry monitoring, tracking and command support, and satellite control in order to provide reliable space-based satellite services conducting command, control, communications, computers, intelligence, surveillance and reconnaissance (“C4ISR”) operations. The Company delivers services in support of satellite telemetry, tracking, control and remote terminal operations from 7 locations worldwide.

Information Technology/Systems Services: The Company provides information technology services to the DoD and federal agencies. These services include helpdesk services, systems administration, network administration, information assurance and systems security, database administration, telephone systems management, testing and testbed management, and ITIL-based service management



   Company Address: PAR Technology Park New Hartford 13413 NY
   Company Phone Number: 738-0600   Stock Exchange / Ticker: NYSE PAR
   


   

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Par Technology Corporation

PAR Technology Corporation Reports 4.108% Revenue Increase in Q1 2024 Financial Results2.

Financial News Report:
PAR Technology Corporation Reports Q1 2024 Financial Results
On May 9, 2024, PAR Technology Corporation (NYSE: PAR) announced its financial results for the first quarter of 2024. The company reported a shortfall per share of $-0.62, compared to $-0.58 in the same quarter of the previous year. Despite this, revenue increased by 4.108% to $104.56 million, compared to the previous year's quarter.
The Computer Peripherals & Office Equipment industry has been facing challenges in the first quarter of 2024, with receding transactions and decreasing revenue. However, PAR Technology Corporation stands out as a prospering company in this sector. In the previous quarter, the company reported revenue of $108.16 million and a bottom line of $-0.66 per share.

Product Service News

PAR Technology Corporation Expands Global Reach and Unified Commerce Solutions with Strategic Acquisitions

Published Mon, Mar 11 2024 10:59 AM UTC

PAR Technology Corporation (NYSE: PAR), a prominent player in the global foodservice technology industry and a leading provider of unified commerce solutions for enterprise restaurant brands, has unveiled two significant acquisitions aimed at bolstering its cloud-based software offerings for convenience stores, fuel retailers, and international markets. These strategic moves...

Par Technology Corporation

Despite Revenue Growth, Profitability Still Elusive for Par Technology Corporation

Par Technology Corporation's stock has experienced some volatility over the past 30 days, dropping by -1.36%. However, when compared to the stock's performance a year ago, it has shown significant improvement with a 28.96% increase. Currently, the stock is trending higher and is just 7.2% away from its 52-week high.
In terms of Par Technology Corporation's financial performance, the company reported a revenue increase of 10.76% in the October to December 2023 period, reaching $108.16 million. Despite this growth, the company experienced a shortfall per share of $-0.66. When compared to its peers in the Computer Peripherals & Office Equipment industry, it is evident that Par Technology Corporation has underperformed, as the industry as a whole saw a 16.16% revenue growth in the fourth quarter of 2022.

Management Changes

PAR Technology Corporation Adds Linda Crawford to Board of Directors Amid Challenging Financial Performance, Aims for Recovery in the Technology Sector

Published Tue, Dec 5 2023 1:30 PM UTC


NEW HARTFORD, N.Y. - PAR Technology Corporation, a global restaurant technology company specializing in unified commerce solutions for enterprise restaurants, recently announced the appointment of Linda Crawford to its Board of Directors. The announcement comes on the heels of PAR Technology's challenging financial performance, recording a cumulative net loss of $-2 mil...

Par Technology Corporation

Par Technology Corporation Shines with Remarkable Revenue Growth in Q3 2023, Fueled by Computer Peripherals & Office Equipment

Investors should take note of the recent financial performance of Par Technology Corporation (NYSE: PAR) as it indicates signs of improvement and potential growth.
For the fiscal period from July to September 2023, the company reported a decrease in the loss per share, from $-0.79 to $-0.56, compared to the previous year. Additionally, the earnings per share (EPS) improved from $-0.72 in the previous reporting period. These figures suggest that the company has been able to reduce its losses and improve its financial position.
Furthermore, Par Technology Corporation experienced a significant increase in revenue, with a growth of 14.465% to $106.19 million from $92.77 million in the same reporting period of the previous year. Sequentially, the revenue also advanced by 5.626% from $100.53 million. These numbers reflect a healthy upward trend in the company's financial performance.






 

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