PAR Tech Q1 ARR up 60% to $185.7M; revenue rises 5%; net loss widens to $0.62/share

PAR TECHNOLOGY CORP

2024-Q1 EPS reported -$0.62 revenue$105,497,000

ARR grew 60.2% total, 24.8% organic to $185.7M; subscription revenue up 37% YoY.
Revenue $105.5M (+5% YoY); net loss $18.3M ($0.62 loss per share) vs $15.9M loss prior year.
Adjusted EBITDA loss improved to $7.2M from $8.8M; adjusted net loss $10.8M ($0.36 per share).
Closed Stuzo acquisition (C-stores digital engagement) adding $41M ARR; signed TASK deal (unified commerce) expected close Q3 2024.

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 0.95

PAR TECHNOLOGY CORP reported first quarter ended March 31, 2024 results: revenue Revenues were reported at $105.5 million for the three months ended March 31, 2024, net income Net loss for the three months ended March 31, 2024 was $18.3 million, EPS $0.62 net loss per share.

Period: first quarter ended March 31, 2024
Revenue: Revenues were reported at $105.5 million for the three months ended March 31, 2024
Net income: Net loss for the three months ended March 31, 2024 was $18.3 million
EPS: $0.62 net loss per share
Result: reported results

Exact text from the filing

Summary of Fiscal 2024 First Quarter • Revenues were reported at $105.5 million for the three months ended March 31, 2024, a 5.0% increase compared to $100.4 million for the same period in 2023. • Net loss for the three months ended March 31, 2024 was $18.3 million, or $0.62 net loss per share, compared to a net loss of $15.9 million, or $0.58 net loss per share reported for the same period in 2023.

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Source: SEC EDGAR

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