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Par Technology Corp (PAR)
NYSE:PAR
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Earnings Data
Report Date
Mar 13, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
-0.09Last Year’s EPS
-0.33Same Quarter Last Year
Strong Buy
Based on 8 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 07, 2018
|% Change Since: 10.03%
|Next Earnings Date:Aug 08, 2018
Earnings Call Sentiment|Positive
The earnings call highlighted strong growth in subscription services and achieving a positive adjusted EBITDA for the first time, driven by successful M&A integration and product expansion. However, challenges remain with a net loss from operations, a decline in hardware revenue, and increased operating expenses.Company Guidance
In the third quarter of 2024, PAR Technology reported impressive financial metrics, achieving 25% year-over-year organic ARR growth and positive adjusted EBITDA of $2.4 million. Subscription services emerged as a key growth driver, with revenue expanding by 91% compared to the previous year, contributing to a total Q3 revenue of $96.8 million, a 41% increase from the prior year. The company also reported significant growth in specific areas, such as Operator cloud ARR, which rose 41% to $93.4 million, and Engagement Cloud ARR, which surged by nearly 150% to $155 million. Despite a 12% decrease in hardware revenue, PAR's focus on efficiency led to improved gross margins, with subscription services reaching a 55.3% margin. The quarter also saw successful integration of recent acquisitions, such as TASK Group, contributing to overall growth and expanding PAR's market reach.Record Subscription Services Growth
Subscription services revenue grew 91% compared to Q3 last year, driven by 25% organic ARR growth and contributions from the acquisition of TASK Group.
Positive Adjusted EBITDA Achieved
PAR reported its first positive adjusted EBITDA of $2.4 million for the quarter, marking a significant milestone.
Operator Cloud ARR Growth
Operator cloud ARR grew 41% to $93.4 million in Q3 compared to the same period last year.
Engagement Cloud ARR Surge
Engagement Cloud ARR grew by nearly 150% from the same period last year, now totaling $155 million.
Successful M&A Integration
The acquisition and integration of TASK Group and PAR Retail (formerly Stuzo) are progressing well, with PAR Retail showing strong market reception and securing a large Tier 1 customer.
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PAR Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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PAR Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 08, 2024 | $66.53 | $74.24 | +11.59% |
| Aug 08, 2024 | $44.72 | $49.34 | +10.33% |
| May 09, 2024 | $44.77 | $41.49 | -7.33% |
| Feb 27, 2024 | $45.42 | $43.51 | -4.21% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Par Technology Corp (PAR) report earnings?
Par Technology Corp (PAR) is schdueled to report earning on Mar 13, 2025, TBA Not Confirmed.
What is Par Technology Corp (PAR) earnings time?
Par Technology Corp (PAR) earnings time is at Mar 13, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is PAR EPS forecast?
PAR EPS forecast for the fiscal quarter 2024 (Q4) is -0.09.
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