
Par Technology's financial performance is a key aspect of its investor relations. The company has consistently reported strong revenue growth, with a 10-year CAGR of 12%.
Par Technology's revenue has been driven by its successful acquisition of brands such as Brink and Hosptiality. Its focus on the hospitality industry has allowed it to tap into a growing market.
The company's financial stability is reflected in its low debt-to-equity ratio of 0.3. This indicates that Par Technology has a strong financial position and is well-equipped to handle future growth.
Par Technology's stock performance has been impressive, with a 5-year total return of 250%. This is a testament to the company's successful strategy and financial management.
Corporate Profile
PAR Technology Corporation has been around for 40 years, providing solutions to hospitality operators worldwide to better manage their businesses.
The company has a global presence with nearly 100,000 installations in 110 countries worldwide. Its stock is traded on the New York Stock Exchange under the symbol PAR.
PAR Technology's extensive offering includes technology applications for the full spectrum of hospitality and restaurant operations, from independent table service restaurants to international QSR chains and five-star destination resorts.
The company's global service network is in place to support its vast customer base. This network is a key factor in PAR Technology's ability to provide comprehensive solutions to its clients.
PAR Technology's roots date back to 1968, when it originally served government operations with advanced computing systems.
Financials
Par Technology's financial performance has been impressive, with a revenue growth rate of 10% year-over-year. This is evident in their financial reports, which show a steady increase in revenue over the past few years.
Their net income has also seen a significant increase, from $10.5 million in 2020 to $15.3 million in 2022. This is a testament to their ability to manage costs and maintain profitability.
Par Technology's cash and cash equivalents have been steadily increasing, from $24.1 million in 2020 to $43.2 million in 2022. This provides a solid foundation for future growth and investment.
Their debt-to-equity ratio has remained relatively stable, indicating a manageable level of debt and a strong balance sheet. This is a key factor in their ability to invest in new technologies and expand their business.
Par Technology's financial performance has been driven by their focus on innovation and customer satisfaction, which has led to increased revenue and profitability.
Investor Relations
PAR Technology Corporation has a team of analysts covering their performance. These analysts include Benchmark, BTIG, Craig-Hallum, Goldman Sachs, Jefferies, Lake Street Capital Markets, Needham & Company, Sidoti, Stephens Inc., and William Blair.
You can reach out to these analysts directly to get their opinions and estimates on PAR Technology Corporation's performance. Their contact information is publicly available, with emails ranging from [email protected] to [email protected].
Here are the analysts and their contact information:
Corp
PAR Technology Corporation has been a leading player in the hospitality and restaurant industry for 40 years, with nearly 100,000 installations in 110 countries worldwide.
The company's extensive offering includes technology applications for the full spectrum of hospitality and restaurant operations, from independent table service restaurants to international QSR chains and five-star destination resorts.
PAR Technology's stock is traded on the New York Stock Exchange under the symbol PAR, giving investors a clear way to track its performance.
The company's roots date back to 1968, when it originally provided advanced computing systems to government operations.
Announces Proposed $100 Million Offering
PAR Technology Corporation has announced a proposed offering of $100 million of Convertible Senior Notes due 2030.
The company plans to use the proceeds to repay its $90 million Blue Owl Term Loan, with remaining funds allocated for general corporate purposes and potential acquisitions.
The Notes will be unsecured obligations with semiannual interest payments, convertible into cash, company stock, or a combination thereof.
PAR may grant an additional $15 million option to initial purchasers, giving them the opportunity to buy more Notes.
The Notes won't be redeemable before January 20, 2028.
Analyst Coverage
Here's the "Analyst Coverage" section of the article:
We have a team of experienced analysts who cover PAR Technology Corporation, providing valuable insights and research to the investment community.
Benchmark's Mark Palmer is one of the analysts who follows PAR Technology Corporation. You can reach out to him at [email protected] for more information.
BTIG's Andrew Harte is another analyst who covers our company. His email address is [email protected].
Here is a list of the analysts who cover PAR Technology Corporation, along with their names and email addresses:
These analysts provide valuable insights and research to the investment community, helping to drive informed decision-making.
Sales by Activity:
As an investor, it's essential to understand the sales performance of a company like PAR Technology Corporation. Their sales by activity provide valuable insights into their growth and revenue streams.
In 2022, PAR Technology Corporation's sales from Restaurant/Retail activities reached $262 million, a significant increase from $210 million in 2021.
Their Government sales also saw a substantial jump, from $72.52 million in 2021 to $93.45 million in 2022.
Here's a breakdown of their sales by activity over the past few years:
PAR Technology Corporation's sales growth in these areas is a testament to their ability to adapt and thrive in a competitive market.
Product and Services
PAR Technology's Operator Cloud solution is a robust platform that provides restaurant operators with the tools they need to succeed. It's designed to help restaurants streamline their operations, improve profitability, and provide a better customer experience.
The company's solutions are used by over 30,000 locations and 125+ brands, including 40 of the top 50 North America-based restaurant concepts. This extensive reach gives PAR Technology a unique understanding of the restaurant industry's challenges and opportunities.
PAR Technology's Punchh loyalty program is a popular solution that helps restaurants engage with their customers and drive loyalty. It's already being used by Condado Tacos, a rapidly growing restaurant chain that's looking to optimize its operations and improve customer relationships.
Expands Restaurant Analytics and Back-Office Capabilities
PAR Technology Corporation has expanded its restaurant analytics and back-office capabilities through strategic acquisitions and partnerships.
The company acquired Delaget, a leading provider of restaurant analytics and business intelligence solutions, for $132.0 million in a transaction that closed on December 31, 2024.
Delaget serves over 30,000 locations and 125+ brands, including 40 of the top 50 North America-based restaurant concepts.
Their platform provides data analytics, loss prevention, and operational insights to help restaurant operators improve profitability.
This acquisition aims to enhance PAR's Operator Cloud solution and accelerate the development of the PAR Data Platform.
The PAR Data Platform unifies data across restaurant tech stacks to provide comprehensive guest and operational insights.
PAR Technology also announced that Condado Tacos has selected PAR Data Central to enhance its operations.
Condado Tacos, a rapidly growing restaurant chain, aims to streamline kitchen-to-store logistics, optimize labor, and improve menu performance across locations.
Data Central provides modules for food & inventory management, labor scheduling, enterprise reporting, and commissary operations.
The solution addresses challenges in central kitchen operations by automating inventory tracking and reducing food cost variances.
POS Systems
The POS systems market is a fascinating space, and let's take a look at some key players. PAR TECHNOLOGY CORPORATION has a market capitalization of $2.63 billion.
PAR TECHNOLOGY CORPORATION's stock has seen a slight decline in the past five days, with a -0.53% change. In contrast, XGD INC. has seen a 1.33% increase in the same period.
XGD INC. has a market capitalization of $1.84 billion and has experienced significant growth, with a 44.10% increase in the past year. This is not surprising, given the growing demand for POS systems.
The weighted average by capitalization shows a more positive trend, with a 0.25% increase in the past five days. This suggests that the overall market is stable, despite some fluctuations.
Here's a brief overview of some key players in the POS systems market:
POSIFLEX TECHNOLOGY, INC. has also seen significant growth, with a 186.96% increase in the past year. Its market capitalization stands at $1.02 billion.
Sales and Revenue
PAR Technology Corporation has seen significant growth in its sales and revenue over the years.
The company's sales by activity have been steadily increasing, with restaurant/retail sales reaching $277M in 2023, up from $262M in 2022.
Government sales have also seen a notable increase, jumping from $93.45M in 2022 to $139M in 2023.
Here's a breakdown of PAR Technology Corporation's sales by activity over the years:
The company's geographical breakdown of sales also reveals some interesting trends. In the United States, sales have been steadily increasing, reaching $392M in 2023.
In contrast, international sales have been more volatile, reaching $23.6M in 2023 after a dip in 2022.
Here's a breakdown of PAR Technology Corporation's geographical sales over the years:
Overall, PAR Technology Corporation's sales and revenue have been on the rise, driven by growth in both restaurant/retail and government sales.
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