PAR Technology Corp. - PAR STOCK NEWS

ParTech, Inc. (PAR) has been selected by Zaxby’s to enhance customer engagement through its Brink POS cloud solution and Punchh loyalty software. This partnership aims to streamline operations and improve customer experiences at Zaxby’s locations. The Brink POS system integrates various operational functions, while Punchh’s loyalty program allows customers to earn points on purchases for rewards. PAR has seen rapid growth, acquiring over 72 new clients in the past 21 months, including major brands like Applebee’s and TGI Friday’s. CEO Savneet Singh emphasizes the importance of their technology in enhancing guest satisfaction.

PAR Technology reported Q3 2022 revenues of $92.8 million, a 19.1% increase year-over-year from $77.9 million in Q3 2021. Software Annual Recurring Revenues (ARR) grew to $106.6 million, up 29.2% from $82.5 million. The net loss narrowed to $21.3 million or $0.79 per share, improved from $31.9 million or $1.23 per share a year earlier. Adjusted net loss was $11.9 million. Year-to-date revenues reached $258.1 million, a 28.3% increase, while net loss for the period was $55.8 million.

ParTech, Inc. (PAR) has introduced a new subscription feature for its loyalty software, Punchh, designed for enterprise restaurants and convenience stores. This innovation allows brands to manage subscription programs, capitalizing on the rapidly growing food and beverage subscription market, which is worth over $105 million annually. The feature enhances customer engagement through tailored offers and can lead to increased revenue and customer loyalty. Notably, major brands like Yum! Brands (YUM) and Casey’s (CASY) are already leveraging Punchh to boost their sales.

PAR Technology Corporation (NYSE: PAR) will report its third quarter financial results on November 9, 2022, before market open, followed by a conference call at 9:00 a.m. ET.

The call features CEO Savneet Singh, CFO Bryan Menar, and VP Christopher Byrnes, who will offer a business update and address questions.

Interested parties can register for the call online and access a live webcast through PAR's Investor Relations website, where a recording will be available post-event.

ParTech, Inc. (PAR) has enhanced its Punchh loyalty software with three new machine-learning features: Feedback Sentiment, Smart Segments, and Send Time Optimization. These improvements enable restaurant operators to better personalize loyalty programs by analyzing guest feedback, segmenting audiences based on loyalty behavior, and optimizing marketing communication timing. Over 200 global brands, including Yum! Brands (YUM) and Casey’s (CASY), utilize Punchh for boosting customer engagement and revenue. This innovation reinforces PAR's commitment to leading the restaurant technology industry.

PAR Technology Corporation (NYSE: PAR) will present at the Goldman Sachs Communacopia + Technology Conference in San Francisco, CA. CEO Savneet Singh is scheduled for a fireside chat at 1:00 PM ET on September 15, 2022. A live webcast and replay will be accessible on PAR's website. The company, a leader in restaurant technology, supports over 100,000 restaurants worldwide with its software and hardware solutions.

PARS Technology Corporation reported a 23.4% increase in total revenues for Q2 2022, totaling $85.1 million, up from $69.0 million in Q2 2021. Software Annual Recurring Revenues (ARR) reached $98.6 million, marking a 29% growth. However, the net loss widened to $18.8 million or $0.70 per share, compared to a $10.0 million loss in the previous year. Year-to-date revenues increased by 34.0% to $165.4 million. The company also acquired MENU Technologies post-Q2 2022, enhancing its omnichannel offerings.

PAR Technology Corporation (PAR) announced its acquisition of MENU Technologies AG, enhancing its unified commerce solutions for enterprise restaurants. This acquisition integrates online ordering capabilities into PAR's existing suite, allowing restaurants to streamline their operations. MENU, a prominent omnichannel ordering solution, shares customers with PAR, further expanding PAR's platform. The collaboration aims to improve customer experiences by consolidating ordering processes and providing a data-driven network from order to fulfillment.

PAR Technology Corporation (NYSE: PAR) will report its second quarter financial results on August 9, 2022, before market open. Following the results, a conference call is scheduled for 9:00 a.m. ET where company executives, including President Savneet Singh and CFO Bryan Menar, will provide a business update and address questions. Interested participants must register in advance to join the call and access the live webcast. PAR Technology serves over 100,000 restaurants globally with comprehensive technology solutions.