PAR Technology Q1 revenue up 25% to $100.4M; adjusted net loss widens to $12.7M

PAR TECHNOLOGY CORP

2023-Q1 EPS reported -$0.58 revenue$100,437,000

Revenue $100.4M (+25.1% YoY); ARR $115.9M (+22.7% from $94.4M in Q1 '22).
Net loss $15.9M ($0.58/share) vs $15.7M loss ($0.58/share) in Q1 '22.
Adjusted net loss $12.7M ($0.46/share) vs $7.1M ($0.26/share) in Q1 '22.
Adjusted EBITDA loss $8.8M vs $2.9M loss in Q1 '22; EBITDA loss $7.0M vs $6.8M loss.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

PAR TECHNOLOGY CORP reported first quarter ended March 31, 2023 results: revenue $100.4 million, net income $15.9 million, EPS $0.58 net loss per share.

Period: first quarter ended March 31, 2023
Revenue: $100.4 million
Net income: $15.9 million
EPS: $0.58 net loss per share
Result: reported results

Exact text from the filing

Technology” or the “Company”) today announced its financial results for the first quarter ended March 31, 2023. Summary of Fiscal 2023 First Quarter • Revenues were reported at $100.4 million for the three months ended March 31, 2023, a 25.1% increase compared to $80.3 million for the same period in 2022. • Net loss for the three months ended March 31, 2023 was $15.9

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Source: SEC EDGAR

accession 0000708821-23-000049

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