PAR Technology Corporation (PAR) Bundle
A Brief History of PAR Technology Corporation (PAR)
Company Overview
PAR Technology Corporation trades on NASDAQ under the ticker symbol PAR. As of 2024, the company is headquartered in Merrimack, New Hampshire.
Financial Performance
| Fiscal Year | Total Revenue | Net Income |
|---|---|---|
| 2023 | $306.04 million | $-18.91 million |
| 2022 | $289.44 million | $-27.84 million |
Key Business Segments
- Restaurant Technology Solutions
- Point of Sale (POS) Systems
- Cloud-based Restaurant Management Software
Stock Performance
As of January 2024, PAR's stock price ranged between $4.50 and $7.25 per share.
Leadership
Luciano Palumbo serves as Chief Executive Officer as of 2024.
Market Position
PAR Technology serves approximately 100,000 restaurant locations globally with its technology platforms.
Research and Development
| Year | R&D Expenditure |
|---|---|
| 2023 | $37.2 million |
| 2022 | $33.6 million |
A Who Owns PAR Technology Corporation (PAR)
Major Institutional Shareholders
| Shareholder | Shares Owned | Percentage |
|---|---|---|
| Archon Capital Management LLC | 1,524,258 | 9.85% |
| BlackRock Inc. | 1,412,404 | 9.12% |
| Vanguard Group Inc. | 1,102,756 | 7.12% |
| Renaissance Technologies LLC | 846,302 | 5.47% |
Insider Ownership
As of Q4 2023, PAR Technology Corporation insider ownership stands at 2.7% of total outstanding shares.
Significant Individual Shareholders
- Savneet Singh (President and CEO): 215,678 shares
- Brian Crow (CFO): 87,542 shares
- Board of Directors: Collectively own approximately 1.2% of outstanding shares
Public Float
Total public float: 15,456,789 shares, representing 94.3% of total outstanding shares.
Ownership Structure
PAR Technology Corporation is a publicly traded company listed on NASDAQ under ticker symbol PAR.
PAR Technology Corporation (PAR) Mission Statement
Company Overview
PAR Technology Corporation (PAR) is a global technology provider for the restaurant and retail industries. Headquartered in New Hartford, New York, the company trades on NASDAQ under the ticker symbol PAR.
Financial Performance
| Financial Metric | 2023 Value |
|---|---|
| Annual Revenue | $304.7 million |
| Net Income | $-22.1 million |
| Market Capitalization | $492.6 million |
Core Business Segments
- Restaurant Technology Solutions
- Point of Sale (POS) Systems
- Cloud-based Restaurant Management Software
- Hardware and Services
Strategic Focus Areas
PAR's mission centers on delivering innovative technology solutions that transform restaurant operations through advanced software and hardware platforms.
Technology Platform Capabilities
| Platform | Key Features |
|---|---|
| Punchh Loyalty Platform | Used by 250+ restaurant brands |
| PAR Pay | Payment processing solution |
Customer Base
Serves over 100,000 restaurant locations globally, including major brands like Burger King, Dairy Queen, and Subway.
How PAR Technology Corporation (PAR) Works
Company Overview
PAR Technology Corporation (NYSE: PAR) is a global software and hardware provider for the restaurant and retail industries. Founded in 1976 and headquartered in Saratoga Springs, New York.
Financial Performance
| Financial Metric | 2023 Value |
|---|---|
| Annual Revenue | $577.4 million |
| Gross Margin | 44.9% |
| Net Income | $-38.2 million |
Product Segments
- Restaurant Technology Platform
- Point of Sale (POS) Systems
- Cloud-based Restaurant Management Software
- Hardware Solutions
Key Technology Solutions
PAR Punchh Platform serves over 15,000 restaurant locations with loyalty and engagement technologies.
Market Presence
| Market Metric | Current Status |
|---|---|
| Total Restaurant Customers | Over 100,000 |
| Global Deployment Locations | 50+ Countries |
Operational Strategy
- Cloud-native software development
- Subscription-based revenue model
- Continuous technology innovation
Customer Base
Serves major restaurant brands including Dairy Queen, Checkers, and Little Caesars.
How PAR Technology Corporation (PAR) Makes Money
Restaurant Technology Segment
PAR generates revenue through its restaurant point-of-sale (POS) technology solutions, with the following financial breakdown:
| Product Category | Annual Revenue (2023) |
|---|---|
| Punchh Loyalty Platform | $64.3 million |
| PAR Brink POS System | $52.7 million |
| Restaurant Cloud Services | $41.2 million |
Revenue Streams
- Software subscription fees: $32.5 million annually
- Hardware sales: $22.6 million annually
- Implementation and professional services: $18.9 million annually
Customer Base
PAR serves approximately 170,000 restaurant locations globally, with key clients including:
- Dairy Queen
- Checkers & Rally's
- Qdoba Mexican Eats
Financial Performance
| Financial Metric | 2023 Value |
|---|---|
| Total Revenue | $304.2 million |
| Gross Margin | 44.3% |
| Net Income | $12.6 million |
Technology Services Pricing
Pricing structure for restaurant technology solutions:
- Basic POS System: $99/month per location
- Advanced Cloud Platform: $249/month per location
- Enterprise Solution: Custom pricing
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