Summary of PAR Technology FY Conference Call (May 13, 2025) Company Overview - **Company**: PAR Technology - **Industry**: Restaurant technology and software solutions - **Core Business**: Provides an end-to-end software platform for managing enterprise restaurant workflows, including point of sale, loyalty, online ordering, and back office solutions [2][4][5] Key Points and Arguments Product Portfolio and Strategy - PAR has expanded its product offerings significantly, focusing on four key areas: point of sale, back office, loyalty, and online ordering [4] - The company aims to enhance customer value by integrating products, making it easier for clients to adopt multiple solutions [12][14] - The payments segment is growing rapidly, with innovative features like a digital wallet program that integrates loyalty and payment functionalities [6][7][8][9] Market Position and Sales Strategy - The sales strategy has shifted towards multi-product deals, with nearly all recent contracts involving multiple solutions [10][11] - The company has successfully landed major clients like Burger King and Wendy's, leveraging its growing reputation and referenceable customer base [19][20] Financial Performance and Growth Outlook - PAR's weighted pipeline is reported to be the strongest ever, driven by cross-selling opportunities and a diverse customer base [22][23] - The company anticipates strong growth in 2025 and beyond, as restaurants increasingly digitize their operations [24] Industry Trends and Consumer Behavior - There is a slight decline in restaurant traffic, but technology spending remains stable, particularly in loyalty and back office solutions [28][31] - In a recessionary environment, PAR expects to benefit from increased demand for loyalty programs and back office efficiency tools [32][35][36] Competitive Landscape - Key competitors include Oracle (Micros), NCR, and Toast, with PAR differentiating itself through a comprehensive suite of integrated products [38][39][40] - The company believes that its focus on product quality and customer value will help it outperform competitors who may rely on price cuts [77][80] Total Addressable Market (TAM) and Market Penetration - The estimated TAM for PAR in the U.S. and Canada is between $3.5 billion and $6 billion, with less than 10% market penetration in software revenues [49][50] - The loyalty segment is a stronghold for PAR, growing at 18%, while there is significant room for growth in POS and back office solutions [51][52] Mergers and Acquisitions - Recent acquisitions include Stuzo and Task, aimed at expanding into convenience stores and international markets, respectively [54][58] - The integration of these acquisitions is progressing well, with expectations of leveraging existing customer relationships for growth [56][60] Financial Management and Profitability - PAR focuses on maintaining a balance between growth and margin expansion, with a goal of achieving higher EBITDA margins over time [69][71] - The company has demonstrated strong operating leverage, with significant EBITDA improvement driven by organic growth [72][74] Additional Insights - The resilience of the restaurant technology sector is highlighted, with historical performance during economic downturns suggesting continued demand for PAR's solutions [37][85] - PAR's ambition extends beyond restaurant technology, aiming to build a platform that serves the broader food service industry [86][87]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended March 31, 2025 OR ☐ TRANSITION REPORT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Transition Period From __________ to __________ Commission File Number: 1-09720 PAR TECHNOLOGY CORPORATION (Exact name of registrant as specified in its charter) Delaware 16-1434688 (State or other jur ...

PAR (PAR) Q1 2025 Earnings Call May 09, 2025 09:00 AM ET Company Participants Christopher Byrnes - SVP - IR & Business DevelopmentSavneet Singh - CEO, President & DirectorBryan Menar - Chief Financial OfficerWill Nance - Vice PresidentSamad Samana - Managing DirectorAdam D. Wyden - CIO & Founding Partner Conference Call Participants Mayank Tandon - Senior AnalystStephen Sheldon - Research Analyst - Technology, Media & CommunicationsAndrew Harte - Director & FinTech AnalystCharles Nabhan - Research AnalystGe ...

PAR (PAR) Q1 2025 Earnings Call May 09, 2025 09:00 AM ET Speaker0 Good day and thank you for standing by. Welcome to the PAR Technology twenty twenty five First Quarter Financial Results Conference Call. At this time, all participants are in a listen only mode. After the speakers' presentation, there will be a question and answer session. To ask a question during the session, you'll need to press 11 on your telephone. You will then hear an automated message advising your hand is raised. Please be advised th ...

Q1 '25 Earnings Presentation May 9, 2025 NYSE: PAR partech.com 1 Forward-Looking Statements. This presentation contains forward-looking statements made pursuant to the safe harbor provisions of Section 21E of the Securities Exchange Act of 1934, as amended, Section 27A of the Securities Act of 1933, as amended, and the Private Securities Litigation Reform Act of 1995, the accuracy of such statements is necessarily subject to risks, uncertainties and assumptions as to future events that may not prove to be a ...

FOR RELEASE: CONTACT: Exhibit 99.1 New Hartford, NY, May 9, 2025 Christopher R. Byrnes (315) 743-8376 chris_byrnes@partech.com, www.partech.com PAR TECHNOLOGY CORPORATION ANNOUNCES FIRST QUARTER 2025 RESULTS New Hartford, NY - May 9, 2025 -- PAR Technology Corporation (NYSE: PAR) ("PAR Technology" or the "Company") today announced its financial results for the first quarter ended March 31, 2025. "PAR delivered another strong quarter, driven by our Better Together software thesis coming to fruition, and the ...

Core Insights - PAR Technology Corporation has launched its PAR POS Spring Release, which enhances core performance and introduces new features to improve restaurant operations and guest experiences [1][9] - The company emphasizes the balance between stability and innovation, aiming to provide faster and more resilient systems for restaurant staff while enhancing guest convenience [2] Enhanced Guest Convenience & Experience - The new release includes secure, contactless payment options such as Pay via SMS and QR code, allowing guests to pay using loyalty accounts and add items to open orders [3][4] - These features aim to create a seamless dining experience, improving transaction speed and table turnover for operators [4] Streamlined Staff Operations - The Spring Update introduces Geofencing Integration for real-time guest arrival estimates, which helps improve kitchen prep timing and reduce waste [5] - Tailored pricing options for item modifiers allow operators to adjust prices based on specific guest requests, enhancing profitability [6] Greater Tax Support - The update includes support for regional quantity-based tax rules and marketplace facilitator taxes, improving reporting accuracy and visibility into tax obligations [7] Platform Extensibility and Flexibility - Operators can now manage custom data through APIs, enhancing adaptability and cross-system tracking [8] - A new real-time Data Feed reduces item availability sync times from 5-10 minutes to near-instant, boosting performance for reporting and API integrations [8]

Group 1 - PAR Technology Corporation (NYSE: PAR) has experienced a stock price increase of approximately 48% over the past year, although it has seen a decline of 15% since the beginning of 2025 [1] - The company is noted for its rapid growth and strong fundamentals, particularly in the technology, infrastructure, and internet services sectors [1] Group 2 - The analyst emphasizes the importance of combining financial data with qualitative analysis to critically evaluate companies and sectors [1] - The focus remains on providing value to readers and investors interested in long-term investing [1]

Financial Performance - Total revenues for the year ended December 31, 2024, reached $349,982 thousand, a 26.4% increase from $276,714 thousand in 2023[250]. - Subscription service revenues significantly increased to $207,422 thousand in 2024, up 69.1% from $122,597 thousand in 2023[250]. - The gross margin improved to $146,124 thousand in 2024, compared to $89,446 thousand in 2023, reflecting a gross margin increase of 63.2%[250]. - Operating expenses rose to $225,221 thousand in 2024, a 39.7% increase from $161,166 thousand in 2023, driven by higher sales and marketing, general and administrative, and research and development costs[250]. - The net loss from continuing operations for 2024 was $89,910 thousand, compared to a loss of $81,619 thousand in 2023, indicating a 10.3% increase in losses[250]. - The comprehensive loss for 2024 was $24,999 thousand, compared to a loss of $69,326 thousand in 2023, showing a substantial reduction in overall losses[252]. - For the year ended December 31, 2024, the net loss was $4,987 thousand, a significant improvement compared to a net loss of $69,752 thousand in 2023[259]. Assets and Liabilities - As of December 31, 2024, total assets increased to $1,380.7 million from $802.6 million in 2023, representing a growth of 72%[248]. - Total liabilities increased to $509.0 million in 2024, compared to $469.5 million in 2023, reflecting a rise of 8.4%[248]. - The total current liabilities increased to $111.8 million in 2024, up from $80.2 million in 2023, indicating a rise of 39.4%[248]. - The company’s accumulated deficit stood at $(279.9) million as of December 31, 2024, compared to $(275.0) million in 2023, reflecting a slight increase in losses[248]. - Deferred tax liabilities rose significantly to $41.996 million in 2024 from $22.29 million in 2023, indicating a growing tax obligation[414]. Cash Flow and Investments - The company reported cash and cash equivalents of $108.1 million, a notable increase from $37.2 million in the previous year[248]. - Total cash, cash equivalents, and cash held on behalf of customers at the end of 2024 was $121,545 thousand, an increase from $47,539 thousand at the end of 2023[261]. - Cash used in operating activities for continuing operations was $21,313 thousand in 2024, down from $31,952 thousand in 2023[259]. - The company experienced a net cash used in investing activities of $180,112 thousand in 2024, compared to $7,781 thousand in 2023[259]. - The company’s cash flows from financing activities resulted in a net cash provided of $278,507 thousand in 2024, a recovery from a net cash used of $1,616 thousand in 2023[259]. Acquisitions and Goodwill - Goodwill rose significantly to $887.5 million in 2024, up from $488.9 million in 2023, indicating a substantial increase in acquisitions[248]. - The company completed the acquisition of Delaget for a total purchase consideration of $125.1 million, which included $16.9 million in cash and equity consideration valued at $108.2 million[331]. - The TASK Group acquisition was finalized for a total consideration of $245.5 million, comprising approximately $131.5 million in cash and 2.16 million shares of common stock valued at $52.70 each[341]. - The Stuzo acquisition was executed for approximately $170.5 million in cash and $19.2 million in common stock, expanding the company's presence in the convenience store market[350]. - Goodwill from the Delaget acquisition was preliminarily valued at $97.02 million, reflecting expected synergies and benefits from the acquisition[337]. Revenue Recognition - The Company recognizes hardware revenue at the point of sale when the customer obtains control of the asset, typically upon delivery[297]. - Subscription service revenue is recognized ratably over the contract period, which generally ranges from 12 to 36 months[299]. - Professional service revenue includes hardware support, installations, and other services, with installation revenue recognized at the point of completion[306][309]. - Deferred revenue represents amounts invoiced in excess of revenue recognized, with contracts typically requiring payment within 30 to 90 days[296]. - The Company evaluates performance obligations under ASC Topic 606 to determine revenue recognition criteria[295]. Research and Development - Research and development expenses increased to $67,258 thousand in 2024, up 15.2% from $58,356 thousand in 2023, highlighting the company's commitment to innovation[250]. - Stock-based compensation expense recorded for the year ended December 31, 2024, was $24.5 million, an increase from $14.3 million in 2023[405]. Stock and Equity - The weighted average shares outstanding increased to 34,155 thousand in 2024 from 27,552 thousand in 2023, reflecting a 23.9% increase[250]. - The Company issued common stock for acquisition totaling $133,180 thousand in 2024[261]. - The Company has 6.4 million shares of common stock reserved for stock-based awards under the 2015 Equity Incentive Plan[407]. - The balance of non-vested Restricted Stock Units (RSUs) at December 31, 2024, was 1,122,000 shares, with total stock-based compensation expense related to RSUs amounting to $21.7 million[409]. Discontinued Operations - Contract revenue from discontinued operations for the year ended December 31, 2024, was $66,540,000, a decrease of 52% compared to $139,109,000 in 2023[377]. - Net income from discontinued operations for 2024 was $84,923,000, significantly up from $11,867,000 in 2023, marking a year-over-year increase of 615%[377].

Q4 '24 Earnings Presentation February 28, 2025 NYSE: PAR partech.com 1 Forward-Looking Statements. This presentation contains forward-looking statements made pursuant to the safe harbor provisions of Section 21E of the Securities Exchange Act of 1934, as amended, Section 27A of the Securities Act of 1933, as amended, and the Private Securities Litigation Reform Act of 1995, the accuracy of such statements is necessarily subject to risks, uncertainties and assumptions as to future events that may not prove t ...