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Dec 31, 2023
PAR Technology Q4 2023 Earnings Report
PAR Technology reported a revenue increase of 10.3% year-over-year for Q4 2023, driven by subscription services and ARR growth, while experiencing a net loss and adjusted EBITDA loss.
Key Takeaways
PAR Technology Corporation announced its Q4 2023 financial results, with revenues reaching $107.7 million, a 10.3% increase compared to the same period in 2022. However, the company reported a net loss of $18.6 million, or $0.67 net loss per share, and an adjusted EBITDA loss of $4.5 million.
Total quarterly revenues increased 10.3% year-over-year from Q4 '22.
Annual Recurring Revenue (ARR) grew to $136.9 million, a 22.8% increase from Q4 '22.
New customer wins included Burger King, Hooters of America, and Bob Evans.
Company began building out capabilities for the Burger King rollout and preparing for new deals in early '24.
Revenue by Segment
Forward Guidance
Company has begun the new year with improved visibility, clear new business opportunities and a resilient end market.
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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