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Par Technology Corporation  (PAR)
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Par Technology Corporation Segments

 
 

Business Segments II. Quarter
Revenues
(in millions $)
(Jun 30 2022)
%
(of total Revenues)
II. Quarter
Income
(in millions $)
(Jun 30 2022)
%
(Profit Margin)
Total
85.09 100 % -0.04 -

• View Income Statement • View Competition by Segment • View Annual Report

Growth rates by Segment II. Quarter
Y/Y Revenue
%
(Jun 30 2022)
Q/Q Revenue
%
II. Quarter
Y/Y Income
%
(Jun 30 2022)
Q/Q Income
%
Total
56.23 % 5.99 % - -

• View Growth rates • View Competitors Segment Growth • View Market Share

To get more information on Par Technology's Total segment. Select each division with the arrow.

  Par Technology's

Business Segments Description



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.

As a leading provider of in-store technology to Restaurants, PAR has developed and nurtured, long-term committed relationships with the industry’s three largest organizations, McDonald’s Corporation, Yum! Brands, Inc., and the SUBWAY® franchisees of Doctor’s Associates Inc. McDonald’s® has 36,525 restaurants in more than 100 countries, and PAR has been an approved provider of restaurant technology systems and support services to their organization since 1980. Yum! Brands®, which includes Taco Bell®, KFC®, and Pizza Hut®, has been a PAR customer since 1983. Yum! Brands has over 41,000 restaurants in more than 125 countries, and PAR continues to be a major supplier of in-store technology systems to concepts within the Yum! Brands portfolio. The Company continues to expand their installed base of hardware technology and services with SUBWAY, which has more than 43,000 restaurants in over 110 countries. Other significant hospitality chains for which PAR is the POS vendor of choice include the Baskin-Robbins® unit of Dunkin' Brands Group, Inc., the Hardee’s® and Carl’s Jr. ® units of CKE Restaurants, Inc., Five Guys, Jack-in-the-Box and franchisees of these organizations.

In addition PAR has developed an intelligent checklist solution for food safety temperature measurement and task management automation marketed under the name SureCheck®. During the year, the Company continued to add new accounts utilizing its SureCheck solution, in addition to its existing customers, Wegmans Food Markets, Inc., with its 88 store locations, and Wal-Mart Stores Inc., (including Sam’s Clubs), and its 5,224 domestic stores. These customers have selected the PAR SureCheck solution to provide their food safety and task management requirements.

Government Segment

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.

The business is organized in two operating sectors that provide comprehensive service offerings across their customer base ISR Solutions and mission systems.

The ISR solutions sector provides systems engineering support and software-based solutions. Expertise ranges from theoretical and experimental studies to development and fielding of operational prototypes. PAR’s employees are: experienced developers and subject-matter experts in DoD Full Motion Video (“FMV”) formats include MPEG-2, H.264, and standard/high definition (“SD/HD”) support; developers of geospatial and imagery data management, visualization, and exploitation solutions; major contributor to radar systems from inception to operational capabilities; developers and integrators of light weight Electro-Optical (“EO”), Infrared (“IR”), multi and hyperspectral sensor and processing systems; light detection and ranging (“LiDAR”) processing systems; developers of certified systems employing multi and hyperspectral imaging to include target detection and cueing algorithms, IR search and track technology, and algorithms for camouflage detection and buried mines; and developers of geospatial information system (“GIS”)-based modeling solutions. This sector of the Company has an active business in the development of mobility applications that support the needs of mobile teams with real-time situation awareness and distributed communications. The ISR solutions sector has a strong legacy in the advanced research, development and productization of geospatial information assurance (“GIA”) technology involving steganography, steganalysis, digital watermarking, and image forensics. These enabling technologies have been used to provide increased protection and security of geospatial data. The ISR Solutions Sector also provides scientific and technical support to the US Intelligence Community.

The mission systems sector includes three distinct lines of business: telecommunications, satellite control, and information technology services. The telecommunication services include satellite and terrestrial communications operations and maintenance services, which operate elements of the US DoD’s global information grid (“GIG”) in support of the national command authority (President & joint chiefs of staff) and Department of Defense. Additionally, PAR operates the U.S. navy’s only satellite operations center providing tracking, telemetry and control of several space-based satellite communication constellations. Finally, the Company’s mission systems sector provides IT services ranging from advanced systems management to help desk support. Approximately 50% of this sector’s global footprint is outside the continental US with contracts in Europe, Africa, Australia, and US Commonwealths and Territories in the Pacific and Caribbean. The Company has strong and enduring relationships with a diverse set of customers throughout the U.S. DoD and federal government. PAR’s track record delivering mission critical services to their government customers spans decades, and includes contracts continuing 15 years or more. The Company works closely with its customers, with the vast majority of the mission systems sector employees co-located at customer sites. PAR’s strong relationships and on-site presence with customers enable the Company to develop deep customer and technical domain knowledge, and translate mission understanding into exemplary program execution and continued demand for its services.


   

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