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Dec 31, 2022
PAR Technology Q4 2022 Earnings Report
PAR Technology reported a revenue increase of 19.7% year-over-year for Q4 2022, with a net loss of $13.5 million.
Key Takeaways
PAR Technology Corporation announced its Q4 2022 financial results, reporting a 19.7% increase in revenues compared to the same period in 2021. The company's annual recurring revenue grew by 26.4% year-over-year.
Total quarterly revenues increased 19.7% year-over-year from Q4 '21.
Annual Recurring Revenue (ARR) grew to $111.4 million, a 26.4% increase from Q4 '21.
Net loss for the fourth quarter of 2022 was $13.5 million, or $0.50 net loss per share.
Adjusted EBITDA for the fourth quarter of 2022 was a loss of $2.8 million.
Revenue by Segment
Forward Guidance
PAR Technology expects to continue to scale its subscription revenues for enterprise restaurants in 2023, while simultaneously maintaining operating expenses at current levels demonstrating strong operating leverage.
Positive Outlook
- Expect to continue to scale subscription revenues for enterprise restaurants in 2023
- Maintaining operating expenses at current levels
- Demonstrating strong operating leverage
- Strong year-over-year growth from unified experience offerings
- Customers continue to embrace the idea of a unified partner to help align their data and drive real ROI
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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