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.
PAR Technology Corporation (NYSE: PAR) announced the offering of 1.5 million shares of common stock and $200 million in Convertible Senior Notes due 2027. A 30-day option will allow underwriters to purchase an additional 225,000 shares and $30 million in notes. The 2027 Notes mature on October 15, 2027, and are convertible under certain conditions. Proceeds will be used for general corporate purposes including debt repayment. Goldman Sachs & Co. LLC is the sole book-running manager for the offerings.
PAR Technology has introduced new products at FSTEC 2023, enhancing its restaurant technology offerings. Notable innovations include PAR Phase, designed for AI and fraud prevention, and PAR Infinity, which offers Hardware as a Service. PAR Helix is highlighted for its restaurant-centric design. Key features of these products include easy upgrades, a single monthly subscription to minimize capital expenditure, and comprehensive lifecycle support. With over 100,000 restaurants using its solutions globally, PAR continues to position itself as a leader in restaurant technology.
PAR Technology Corporation announced that Jack in the Box has entered the final phase of implementing PAR’s customer loyalty solution, Punchh, across its 2,219 restaurants. This initiative aims to enhance the digital experience for guests by introducing an online loyalty program and updating the ordering interface. Punchh’s platform will allow Jack in the Box to send targeted promotions, broadening its marketing capabilities. Over the past 18 months, Punchh has gained 71 new customers, positioning itself as a leader in restaurant loyalty programs.
ParTech, Inc. (PAR) has partnered with GRUBBRR® to enhance self-ordering solutions for restaurants. This collaboration allows restaurants to implement customized systems seamlessly. GRUBBRR's product offerings include kiosks and automated checkout systems that work with Brink POS® to boost average ticket totals, reduce costs, and enhance customer experience. Both companies have integrated their platforms to facilitate data transfer, enabling existing Brink POS clients to add GRUBBRR kiosks easily, potentially increasing sales by 40-50% through automated upselling.
PAR Technology Corporation (NYSE: PAR) announced that CEO Savneet Singh will participate in a virtual fireside chat at the Canaccord Genuity 41st Annual Growth Conference on August 11 at 10:00 a.m. ET. He will also hold virtual one-on-one meetings with institutional investors and analysts. A live audio webcast of the discussion will be available on the company's website, with a replay provided after the conference. PAR Technology, serving over 100,000 restaurants in 110 countries, recently acquired Punchh Inc. to enhance its Unified Commerce Cloud Platform.
PAR Technology Corporation (NYSE: PAR) reported a 50.9% increase in revenue to $69.0 million for Q2 2021, compared to $45.7 million in Q2 2020. However, the company recorded a net loss of $10.0 million and an EBITDA loss of $11.3 million. Year-to-date revenue rose 22.9% to $123.4 million, with a net loss of $18.2 million. The company’s Annual Recurring Revenue (ARR) reached $76.7 million, a 166% increase year-over-year. CEO Savneet Singh highlighted challenges with global supply chains but noted increasing bookings and strong performance in their cloud solutions.
ParTech, a restaurant technology provider, announced that Mr. Pickle’s, a California-based sandwich chain, has chosen PAR Payment Services for payment processing across all locations. This partnership enhances their existing relationship, as Mr. Pickle's already utilizes Brink POS, PAR Pay, and Data Central. CEO Michael Nelson praised PAR for its transparent pricing and excellent customer support. PAR's payment services are hardware agnostic, facilitating flexible payment options for restaurants.
PAR Technology Corporation (NYSE: PAR) will release its second quarter financial results on August 9, 2021, at 4:00 p.m. ET. This will be followed by an investor conference call at 4:30 p.m. ET, featuring President Savneet Singh and CFO Bryan Menar. Participants can join the call by dialing 844-419-5412. An archived version of the presentation will be available from 7:30 p.m. on the same day until August 16, 2021. PAR Technology serves over 100,000 restaurants globally, providing innovative restaurant solutions and has recently acquired Punchh Inc.
ParTech, Inc. (PAR) announces the launch of its customer loyalty solution, Punchh Pickup, designed to enhance the pickup experience for customers and employees. This platform allows operators to manage pickup orders through a customizable web console, providing real-time updates and improving communication with customers. The Chief Marketing Officer of Capriotti’s noted that this implementation will reduce wait times and streamline operations. PAR's integration of customer loyalty with pickup services aims to support restaurants in adapting to the growing demand for off-premises ordering post-pandemic.
ParTech, Inc. (PAR) is expanding its Brink POS® integration partner ecosystem by partnering with OneDataSource, a business intelligence platform for multi-unit restaurant operators. This integration allows operators to access vital data across their networks, enhancing decision-making capabilities. OneDataSource’s solution can reduce error rates and data entry costs significantly, enabling faster scaling for restaurant concepts. The partnership aims to improve operational efficiency and drive better business outcomes.