PAR Technology Q2 revenue up 18.2% to $100.5M; net loss widens to $19.7M

PAR TECHNOLOGY CORP

2023-Q2 EPS reported -$1.30 revenue$200,981,000

Q2 2023 revenue $100.5M (+18.2% YoY); ARR grew 24.3% to $122.5M.
Net loss of $19.7M ($0.72/share) vs. $18.8M ($0.70/share) in Q2 2022.
Adjusted EBITDA loss of $9.9M compared to $5.8M loss in prior-year quarter.
Adjusted net loss $14.1M ($0.52 adjusted diluted EPS) vs. $9.8M ($0.36).
H1 2023 revenue $201.0M (+21.5% YoY); net loss $35.6M ($1.30/share).

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 the three months ended June 30, 2023 results: revenue $100.5 million, net income $19.7 million, EPS $0.72 net loss per share.

Period: the three months ended June 30, 2023
Revenue: $100.5 million
Net income: $19.7 million
EPS: $0.72 net loss per share
Result: reported results

Exact text from the filing

• Revenues were reported at $100.5 million for the three months ended June 30, 2023, a 18.2% increase compared to $85.1 million for the same period in 2022. • Net loss for the three months ended June 30, 2023 was $19.7 million, or $0.72 net loss per share, compared to a net loss of $18.8 million, or $0.70 net loss per share reported for the same period in 2022.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

PAR TECHNOLOGY CORP reported the six months ended June 30, 2023 results: revenue $201.0 million, net income $35.6 million, EPS $1.30 net loss per share.

Period: the six months ended June 30, 2023
Revenue: $201.0 million
Net income: $35.6 million
EPS: $1.30 net loss per share
Result: reported results

Exact text from the filing

• Revenues were reported at $201.0 million for the six months ended June 30, 2023, a 21.5% increase compared to $165.4 million for the same period in 2022. • Net loss for the six months ended June 30, 2023 was $35.6 million, or $1.30 net loss per share, compared to a net loss of $34.5 million, or $1.27 net loss per share reported for the same period in 2022.

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Source: SEC EDGAR

accession 0000708821-23-000077

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