secwatch.observer — SEC 8-K summary
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Issuer:     PAR TECHNOLOGY CORP (PAR)
CIK:        0000708821
Form:       8-K
Filed at:   2024-11-08T23:59:59+00:00
Accession:  0000708821-24-000111
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

PAR Tech Q3 revenue $96.8M (+40.8%); ARR $248.1M (+93.3%); first positive adj. EBITDA
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- Q3 GAAP revenue $96.8M (up 40.8% YoY); subscription service revenue +91% YoY.
- GAAP net loss from continuing ops $(20.7)M; adjusted EBITDA +$2.4M (vs. $(6.6)M loss in Q3 2023).
- ARR reached $248.1M (organic 24.8%, total 93.3% from $128.3M in Q3 2023).
- Completed sale of Rome Research (Government segment divestiture) and acquisition of TASK Group.
- Non-GAAP diluted EPS $(0.09); improved from $(0.35) in Q3 2023.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/708821/000070882124000111/0000708821-24-000111-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/708821/000070882124000111/par-20241108.htm
  HTML page:      https://secwatch.observer/filing/0000708821-24-000111

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