PAR Tech Q2 revenue $78.2M (+12%); ARR $192.2M (+57%); adjusted EBITDA loss narrows

PAR TECHNOLOGY CORP

2024-Q2 EPS reported $1.09 revenue$148,223,000

ARR $192.2M (+56.9%); organic ARR growth 23.9% YoY; subscription service revenues rose 47.7% YoY.
Q2 revenue $78.2M (+12.4%); GAAP net loss -$23.6M, diluted EPS -$0.69 (improved from -$0.80).
Non-GAAP adjusted EBITDA -$4.3M, improved from -$12.3M; CEO targets positive adjusted EBITDA in Q3.
Completed sale of PAR Government Systems for $95M; after period end, sold Rome Research for $7M and acquired TASK Group.
Subscription service gross margin expanded to 53.1% GAAP (66.4% non-GAAP) from 43.3% (60.9%).

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.