PAR Tech Q4 revenue up 10% to $107.7M but net loss widens to $18.6M; ARR grows 23% to $136.9M

PAR TECHNOLOGY CORP

2023-FY EPS reported -$2.53 revenue$415,823,000

Q4 revenue $107.7M (+10.3% YoY); FY revenue $415.8M (+16.9% YoY).
Q4 net loss $18.6M ($0.67/share) vs. loss $13.5M in Q4 '22; FY net loss $69.8M.
Annual Recurring Revenue (ARR) reached $136.9M, up 22.8% YoY from $111.4M.
Adjusted EBITDA loss Q4 $4.5M vs. loss $2.8M; FY loss $25.8M vs. loss $18.8M.
Adjusted diluted net loss per share Q4 $0.33 vs. $0.26; FY $1.52 vs. $1.32.

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 fourth quarter ended December 31, 2023 results: revenue $107.7 million, net income Net loss for the fourth quarter of 2023 was $18.6 million, or $0.67 net loss per share, EPS $0.67 net loss per share.

Period: the fourth quarter ended December 31, 2023
Revenue: $107.7 million
Net income: Net loss for the fourth quarter of 2023 was $18.6 million, or $0.67 net loss per share
EPS: $0.67 net loss per share
Result: reported results

Exact text from the filing

• Revenues were reported at $107.7 million for the fourth quarter of 2023, a 10.3% or $10.1 million increase compared to $97.7 million for the same period in 2022. • Net loss for the fourth quarter of 2023 was $18.6 million, or $0.67 net loss per share, compared to a net loss of $13.5 million, or $0.50 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 year ended December 31, 2023 results: revenue $415.8 million, net income Net loss for the year ended December 31, 2023 was $69.8 million, or $2.53 net loss per share, EPS $2.53 net loss per share.

Period: the year ended December 31, 2023
Revenue: $415.8 million
Net income: Net loss for the year ended December 31, 2023 was $69.8 million, or $2.53 net loss per share
EPS: $2.53 net loss per share
Result: reported results

Exact text from the filing

• Revenues were reported at $415.8 million for the year ended December 31, 2023, an increase of 16.9% or $60.0 million when compared to $355.8 million for the same period in 2022. • Net loss for the year ended December 31, 2023 was $69.8 million, or $2.53 net loss per share, compared to a net loss of $69.3 million, or $2.55 net loss per share reported for the same period in 2022.

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Source: SEC EDGAR

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