Significant Revenue Growth
PAR Technology Corporation reported $105 million in revenues in Q4, marking an increase of more than 50% year over year.
Subscription Services ARR Doubling
Subscription services ARR more than doubled to $276 million from last year, with 21% organic growth compared to Q4 2023.
Operator Cloud ARR Growth
Operator Cloud ARR grew organically by 26% in Q4 compared to the same period last year, totaling approximately $117 million.
New Customer Wins
PAR POS signed eight new customer logos in the fourth quarter, with all new customers selecting multiple products.
Successful Acquisition of Delegate
The acquisition of Delegate was completed, and integration has shown strong customer interest, expanding entry into more than 25,000 sites.
Engagement Cloud Performance
Engagement Cloud ARR reported 15% organic growth in Q4, reaching approximately $159 million.
Hardware Revenue Increase
Hardware revenues increased by 7% in Q4 compared to the same quarter last year.
Improved Adjusted EBITDA
Adjusted EBITDA for Q4 improved by $13.1 million compared to Q4 prior year, showing significant progress in financial performance.