PAR Technology Corp (N:PAR)
Business Focus: Point of Sale Systems
| Sector: Technology | Industry: Office Equipment |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 8383 Seneca Turnpike Par Technology Park NEW HARTFORD NY 13413 |
| Tel: | N/A |
| Website: | https://www.partech.com |
| IR: | See website |
| Key People | ||
| Savneet Singh President, Chief Executive Officer, Director, President of ParTech, Inc. | Bryan A. Menar Chief Financial Officer, Chief Accounting Officer, Vice President | Michael Nelson President of PAR Government Systems Corporation and Rome Research Corporation | Cathy Ann King Chief Legal Officer, Corporate Secretary |
| Business Overview |
| PAR Technology Corporation, through its subsidiaries ParTech, Inc. (ParTech) and PAR Government Systems Corporation (PAR Government), operates in two segments: Restaurant/Retail and Government. The Restaurant/Retail segment provides technology platforms to the restaurant and retail industries. The Restaurant/Retail segment provides enterprise restaurants, franchisees, and other restaurant outlets in the three restaurant categories: quick service, fast casual, and table service. Its Government segment provides technical expertise and development of advanced systems and software solutions for the Department of Defense (DoD), the intelligence community (IC) and other federal agencies. The Government segment has three principal contract offerings: Intelligence, Surveillance, and Reconnaissance solutions (ISR Solutions), mission systems operations and maintenance, and licensed software products for use in analytic and operational environments that leverage geospatial intelligence data. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, PAR Technology Corp revenues increased 17% to $415.8M. Net loss increased 1% to $69.8M. Revenues reflect Government- Over time segment increase of 50% to $138.4M, Restaurant/Retail - Over Time segment increase of 19% to $151.8M, United States segment increase of 17% to $392.2M, International segment increase of 20% to $23.6M. Higher net loss reflects Restaurant/Retail segment loss increase of 4% to $68.4M. |
| Employees: | 1,802 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $1,665M as of Dec 31, 2023 |
| Annual revenue (TTM): | $415.82M as of Dec 31, 2023 |
| EBITDA (TTM): | -$40.21M as of Dec 31, 2023 |
| Net annual income (TTM): | -$69.75M as of Dec 31, 2023 |
| Free cash flow (TTM): | -$27.94M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | $292.91M as of Dec 31, 2023 |
| Shares outstanding: | 33,655,761 as of Mar 8, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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