secwatch.observer — SEC 8-K summary
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Issuer:     PAR TECHNOLOGY CORP (PAR)
CIK:        0000708821
Form:       8-K
Filed at:   2024-05-09T23:59:59+00:00
Accession:  0000708821-24-000055
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/708821/000070882124000055/0000708821-24-000055-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/708821/000070882124000055/par-20240509.htm
  HTML page:      https://secwatch.observer/filing/0000708821-24-000055

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer