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Mar 31, 2022
PAR Technology Q1 2022 Earnings Report
PAR Technology reported strong operating performance with revenue growth and ARR growth in the first quarter of 2022.
Key Takeaways
PAR Technology Corporation announced its financial results for the first quarter ended March 31, 2022. Revenues were reported at $80.3 million, a 47.4% increase compared to the same period in 2021. The company's ARR grew 172% year-over-year. Net loss for the quarter was $15.7 million, or $0.58 net loss per share.
Total revenues increased 47.4% year-over-year from Q1 '21.
Software Annual Recurring Revenues (ARR) grew to $94.4 million, a 172% increase from Q1 '21.
Punchh contributed $11.2 million of revenue for the first quarter of 2022.
Adjusted EBITDA improved by 42% from one year ago.
Revenue by Segment
Forward Guidance
Company is at an exciting time in our industry, as restaurants large and small transform and modernize to become software-driven, digital enterprises.
Positive Outlook
- Restaurants large and small transform and modernize to become software-driven, digital enterprises.
- Q1 results reflect the power of platform and integrating Punchh with Brink and Data Central
- Closed several large brands who chose multiple PAR solutions in the quarter.
- Recent customer wins demonstrate the accelerating demand for Unified Commerce
- Restaurants require simpler solutions, fewer integrations and more natively unified solutions.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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