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Sep 30, 2021
PAR Technology Q3 2021 Earnings Report
PAR Technology's Q3 2021 results were announced, showing revenue growth and strategic developments.
Key Takeaways
PAR Technology Corporation reported a 42.0% increase in revenues to $77.9 million, aided by the Punchh acquisition. However, the company experienced a net loss of $31.9 million, and an adjusted EBITDA loss of $4.0 million. The company highlights record Brink POS activations and strong growth in the Punchh product line, with ARR reaching $82.5 million.
Total revenues increased by 42.0% compared to Q3 2020, driven by the Punchh acquisition.
Software Annual Recurring Revenues (ARR) grew by 164% to $82.5 million year-over-year, also boosted by the Punchh acquisition.
The company achieved its largest Brink POS Activations quarter in PAR history.
A $490.4 million IDIQ contract was awarded by the U.S. Air Force for Counter-small Unmanned Aircraft Systems.
Forward Guidance
No specific forward guidance was provided in the release.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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