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PAR Technology Corp. - PAR STOCK NEWS

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) has been a significant player in the technology sector for over 30 years, primarily serving the hospitality and government markets. The company operates through two main segments: Restaurant/Retail and Government. The Restaurant/Retail segment offers advanced point-of-sale and management technology solutions, including both hardware and software, designed to streamline operations for a wide array of food service providers, from large international chains to independent restaurants. PAR's solutions also extend to retailers, cinemas, cruise lines, stadiums, and various food service companies.

The Government segment, on the other hand, specializes in providing computer-based system design, engineering, and technical services to the Department of Defense and various federal agencies. This segment recently attracted significant attention with the planned sale of its Government business unit, which includes subsidiaries PAR Government Systems Corporation (PGSC) and Rome Research Corporation (RRC), for $102 million to NexTech Solutions (NTS). This strategic move marks a substantial reorientation for PAR as it focuses more on its core hospitality technology offerings.

Financially, PAR Technology Corporation derives the majority of its revenue from its Restaurant/Retail segment, indicating a strong market presence and demand for its technology solutions. The company continually evolves its product offerings to meet the changing needs of its diverse client base, ensuring it remains at the forefront of the industry.

Visit www.partech.com for more information.

News

PAR Technology Corporation Announces Fourth Quarter and Full Year 2023 Results

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PAR Technology Corporation (PAR) reported a 10.3% increase in quarterly revenues and a 16.9% increase in annual revenues for the year ended December 31, 2023. The Annual Recurring Revenue (ARR) grew to $136.9 million, marking a 22.8% increase from the previous quarter. Despite the revenue growth, the company reported a net loss for both the fourth quarter and the full year. The EBITDA and Adjusted EBITDA also showed losses compared to the previous year.
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PAR Technology Corporation to Present at Upcoming Investor Conferences

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PAR Technology Corporation (PAR) CEO to participate in investor conferences to discuss company's unified commerce solutions for enterprise restaurants.
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Hooters of America, LLC Selects PAR Technology to Redefine Excellence in Table Service

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PAR Technology's Brink POS and Data Central Inventory Module selected by Hooters to enhance operational efficiency and order accuracy, showcasing commitment to improving table service experience in 367 restaurants across 36 states and 18 countries.
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PAR Technology Corporation Releases Conference Call and Webcast Information for Fiscal 2023 Fourth Quarter & Year End Financial Results

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PAR Technology Corporation (PAR) is set to announce its fourth-quarter and year-end financial results on February 27, 2024. The results will be released at 7:30 a.m. ET, followed by an investor presentation and conference call at 9:00 a.m. ET. CEO Savneet Singh, CFO Bryan Menar, and SVP Christopher Byrnes will provide a business update and answer participant questions. Registration for the call is open, and a webcast will be available on the PAR Technology Investor Relations website.
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PAR Technology’s Punchh® Recognizes Trailblazers in Customer Loyalty with Annual Awards Celebration

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ParTech, Inc. (PAR) honors industry leaders in customer engagement with the fifth annual PAR Punchh Customer Awards. The winners showcased excellence in loyalty programs, digital campaigns, and customer feedback, driving business success and enhancing customer experiences.
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PAR Technology and Grubhub Expand Partnership with MENU Link Integration

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PAR Tech, Inc. (PAR) has announced the integration of MENU Link with Grubhub, a leading online and mobile food ordering and delivery platform. This integration aims to streamline delivery management and enhance efficiency and customer experience for enterprise restaurants. MENU Link, PAR's marketplace order management system, automatically syncs menu items, pricing, and other order information between PAR Brink POS and Grubhub, reducing errors and saving time for restaurant staff. The integration provides centralized control over menus, dynamic pricing, and order data from third-party marketplaces, allowing restaurants to thrive in the digital demand era.
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Bob Evans Selects PAR Technology’s Punchh® to Enhance Guest Experience and Loyalty

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Bob Evans, a family-style restaurant chain with 437 locations in the U.S., has selected PAR Punchh® for its industry-leading loyalty and offer solution to enhance and personalize customer experiences. The collaboration aims to create deeper guest connections and provide personalized offers and rewards through the Bob Evans app, including family deals, value offers, and convenient online takeout options. This move reflects Bob Evans' commitment to improving the dining experience and customer engagement.
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PAR Technology Corporation to Participate at the 26th Annual Needham Growth Conference

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PAR Technology Corporation (PAR) CEO to present at 26th Annual Needham Growth Conference, offering a live webcast and replay of the discussion. Savneet Singh will participate in a fireside chat and conduct one-on-one meetings with investors. The event will take place on Wednesday, January 17, 2024, at the Lotte New York Palace Hotel.
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PAR Technology Revolutionizes Hospitality Hardware with the Launch of PAR Wave POS Terminal

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PAR Technology (PAR) introduces the PAR Wave - an All-In-One touch panel designed to reshape hospitality hardware, reflecting the company's commitment to meeting future restaurant industry needs and sustainability.
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Insomnia Cookies Sweetens Customer Loyalty by Selecting PAR Technology’s Punchh® Innovative Platform

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PAR Technology, Inc. (PAR) announces that Insomnia Cookies, LLC has chosen PAR's industry-leading loyalty and offer solution, PAR Punchh®, to enhance customer loyalty and elevate the overall engagement across its expansive network of 240+ stores in the United States.
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FAQ

What is the current stock price of PAR Technology (PAR)?

The current stock price of PAR Technology (PAR) is $77.18 as of November 21, 2024.

What is the market cap of PAR Technology (PAR)?

The market cap of PAR Technology (PAR) is approximately 2.8B.

What does PAR Technology Corporation do?

PAR Technology Corporation provides technology solutions for the hospitality and government sectors, including software, hardware, and technical services.

What is the stock symbol for PAR Technology Corporation?

The stock symbol for PAR Technology Corporation is PAR, listed on the New York Stock Exchange.

Which segments does PAR Technology Corporation operate in?

PAR operates in two segments: Restaurant/Retail and Government. The Restaurant/Retail segment provides management technology solutions, while the Government segment offers technical services to federal agencies.

What recent news involves PAR Technology Corporation?

PAR Technology Corporation recently announced the sale of its Government business unit, which includes PAR Government Systems Corporation and Rome Research Corporation, for $102 million to NexTech Solutions.

What kind of technology solutions does PAR offer to the hospitality industry?

PAR provides advanced point-of-sale and management technology solutions, including both hardware and software, to streamline operations for various food service providers.

Where can PAR Technology Corporation’s products be found?

PAR’s products can be found in a variety of settings, including restaurants, retailers, cinemas, cruise lines, stadiums, and food service companies.

What does the recent sale of the Government segment signify for PAR Technology Corporation?

The sale signifies PAR's strategic focus on enhancing its core hospitality technology offerings by divesting its Government business unit.

Who acquired PAR's Government business unit?

NexTech Solutions (NTS) acquired PAR's Government business unit, which includes PAR Government Systems Corporation and Rome Research Corporation.

Where is PAR Technology Corporation headquartered?

The headquarters of PAR Technology Corporation is located in New Hartford, New York.

How can I get more information about PAR Technology Corporation?

You can visit their official website at www.partech.com for more information.

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PAR Technology Corp.

NYSE:PAR

PAR Rankings

#1739 Ranked by Market Cap
N/A Ranked by Dividends

PAR Stock Data

2.79B
35.65M
1.81%
112.93%
16.68%
Software - Application
Calculating & Accounting Machines (no Electronic Computers)
Link
United States of America
NEW HARTFORD