PAR Technology Reports Strong 2024 Financial Growth

Par Technology ( (PAR) ) has provided an update.

PAR Technology Corporation announced its financial results for the fourth quarter and full year 2024, highlighting a significant growth in Annual Recurring Revenue (ARR) to $276 million, a 102% increase from the previous year, with organic growth contributing 21%. The company also reported a 95% year-over-year increase in quarterly subscription service revenues, and its acquisition of Delaget, LLC, a provider of restaurant analytics and business intelligence solutions, further strengthens its market position. The results reflect PAR’s strategic focus on organic execution and the integration of accretive modules, setting the stage for continued long-term growth and shareholder value.

More about Par Technology

PAR Technology Corporation, listed on NYSE as PAR, has been a leader in technology innovation for the foodservice industry for over four decades. The company provides a comprehensive suite of software and hardware solutions, including point-of-sale, digital ordering, loyalty, back-office management, and payments, serving hospitality and retail clients across more than 110 countries.

YTD Price Performance: -15.10%

Average Trading Volume: 443,862

Technical Sentiment Consensus Rating: Sell

Current Market Cap: $2.2B

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