PAR Technology Q1 revenue up 47% to $80.3M; net loss widens to $0.58/share

PAR TECHNOLOGY CORP

2022-Q1 EPS reported -$0.58 revenue$80,285,000

Revenue $80.3M, up 47.4% YoY; Punchh contributed $11.2M.
GAAP net loss $15.7M ($0.58 loss per share) vs $8.3M ($0.38 loss per share) in Q1 2021.
Software ARR grew 172% to $94.4M from $34.6M in Q1 2021.
Adjusted net loss $7.1M ($0.26 loss per share) vs $7.6M ($0.34 loss per share) prior year.
Adjusted EBITDA loss improved to $2.9M from $4.9M in Q1 2021.

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