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Jun 30, 2022
PAR Technology Q2 2022 Earnings Report
PAR Technology reported an increase in revenue and ARR, but also a net loss and adjusted EBITDA loss compared to the same period last year.
Key Takeaways
PAR Technology Corporation announced its Q2 2022 financial results, with revenues increasing by 23.4% year-over-year to $85.1 million. However, the company reported a net loss of $18.8 million, or $0.70 per share, and an adjusted EBITDA loss of $5.8 million.
Total revenues increased 23.4% year-over-year from Q2 '21.
Software Annual Recurring Revenues (ARR) grew to $98.6 million, a 29% increase from Q2 '21.
Brink POS ARR totaled $36.2 million at the end of Q2 '22.
Punchh ARR totaled $53.2 million at the end of Q2 '22.
Forward Guidance
PAR delivered strong results in the second quarter, setting the stage for a stronger second half.
Positive Outlook
- Revenue increased 23.4%
- Continued ARR growth in the quarter.
- ARR at end of Q2 2022 was $98.6 million
- Growth across all business segments.
- Adding new customer relationships, improving our operational efficiency and maintaining high customer and employee engagement.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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