Welcome to our dedicated page for Par Technology news (Ticker: PAR), a resource for investors and traders seeking the latest updates and insights on Par Technology stock.
PAR Technology Corporation (NYSE: PAR) is a foodservice technology provider whose news flow centers on platform innovation, customer deployments, and financial performance. The PAR news page on Stock Titan aggregates company press releases, market updates, and third-party coverage so investors and industry followers can see how the business and its technology strategy evolve over time.
Recent announcements highlight enterprise wins and partnerships, such as Papa Johns selecting PAR POS and PAR OPS to anchor its next-generation U.S. in-restaurant technology stack, and Abelardo’s Mexican Fresh choosing PAR’s full suite of solutions to modernize its operations. Other brands, including Erbert & Gerbert’s Sandwich Shop, have also adopted PAR’s unified platform for POS, payments, loyalty, and back-of-house tools.
PAR’s news also covers product launches and enhancements. Examples include Smart Passes, a wallet-native loyalty solution integrated into the Punchh platform, and PAR Catering, which is designed to help restaurants run catering as part of their core operations. The company has also discussed PAR AI, an intelligence layer embedded into its product suite to provide real-time insights across the restaurant tech stack.
In addition, PAR regularly issues earnings and investor communications, such as quarterly results, ARR and Active Sites metrics, and participation in investor conferences hosted by firms like Needham, UBS, and Stephens. Visitors to the news page can review these updates to understand how PAR’s subscription business, hardware sales, and professional services are progressing.
For investors, analysts, and restaurant operators, following PAR’s news provides insight into its customer adoption, technology roadmap, and capital markets activity. Bookmark this page to quickly access the latest press releases, financial disclosures, and corporate announcements related to PAR Technology Corporation.
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PAR Technology Corporation (NYSE: PAR) will announce its financial results for the first quarter ended March 31, 2023, on May 8, 2023, post-market close. The management team, including President Savneet Singh and CFO Bryan Menar, will host a conference call at 4:30 p.m. ET to discuss the results and provide a business update. Participants can register for the call through the provided link. The earnings call will also be available via webcast on PAR's Investor Relations website, with a recording accessible post-event. PAR Technology has a strong presence in the restaurant technology sector, serving over 100,000 establishments across 110 countries, providing solutions that foster customer relationships.
SOCi and Punchh, from PAR Technology (NYSE: PAR), have partnered to enhance marketing solutions for multi-location brands. This strategic alliance integrates SOCi's localized listings management with Punchh's loyalty platform, allowing marketers to streamline their workflows and ensure accurate location data across all POS systems.
The integration enables businesses to manage customer reviews across multiple networks, improving online visibility and conversion—evidenced by a 4.1% rise in Google profile conversions for every 25% of reviews responded to. The partnership aims to provide brands with a comprehensive, efficient solution to maintain their digital presence, catering to the complexities of managing numerous locations in industries like restaurants and retail.
PAR Technology Corporation (PAR) has announced a partnership with Earl Enterprises, a leader in the hospitality sector. Earl Enterprises will implement PAR's Data Central, a back-office solution, across its restaurants, including Buca di Beppo and Guy Fieri’s Chicken Guy. The system facilitates seamless integration with existing POS and payroll systems, enhancing operational efficiency in inventory, scheduling, and data management. PAR's CEO Savneet Singh emphasized the mutual belief in the collaboration, indicating a focus on technology expansion within trusted brands. This partnership strengthens PAR's position in the restaurant technology market.
PAR Technology Corporation (NYSE: PAR) reported a 19.7% increase in Q4 revenues, totaling $97.7 million, compared to $81.6 million in Q4 2021. Annual revenues rose 25.8% to $355.8 million. Net loss for Q4 improved to $13.5 million (or $0.50 per share), better than the $25.6 million loss in Q4 2021. The full-year net loss narrowed to $69.3 million from $75.8 million. EBITDA losses decreased year-over-year for both Q4 and the full year. Annual Recurring Revenue (ARR) grew to $111.4 million, a 26.4% increase from the previous year, with significant growth in active sites and new store activations.
PAR Technology Corporation (NYSE: PAR) will release its 2022 fourth quarter and year-end financial results on March 1, 2023 at 7:30 a.m. ET. Following this, there will be an investor conference call at 9:00 a.m. ET. The event will include key executives, including CEO Savneet Singh, CFO Bryan Menar, and SVP Christopher Byrnes, providing insights and updates. Participants can register for the call, which will also be webcast live on PAR's Investor Relations website. This initiative reflects PAR's commitment to transparency and engagement with its investors.
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