Annual Recurring Revenue [$ million]

Active Sites [thousands]

Subscription Service Gross Margin [%]

Organic Growth [%]

Total Growth [%]

d4932b5fe8052e6179d4e2e98ba74c6bc5567999596de5a1fa04938797106d44

Adjustments for Non-Cash Items (USD, thousands)

Stock-Based Compensation (USD, thousands)

Changes in Working Capital (USD, thousands)

Capital Expenditures (CapEx) (USD, thousands)

Proceeds from / Repayments of Debt (USD, thousands)

Share Repurchases (USD, thousands)

Dividend Payments (USD, thousands)

Net Change in Cash (USD, thousands)

5e8492341bc2612cc35dabb2fdffb1062d98b95fe6dc894d991137d5e48f5665

ae1f13cc4449980fc937b6aff7a8e7c426c7bce3c198c43232d18857ba08995d

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PAR Technology Corporation is a technology company that operates in the restaurant/retail and government sectors. It provides cloud-based software, hardware, and professional services to enhance operational efficiency and customer engagement for restaurants and retail businesses. Additionally, it delivers advanced systems and technical expertise to the U.S. Department of Defense and other federal agencies.

1. **Restaurant/Retail Solutions** - Offers cloud-based software and hardware solutions, including point-of-sale systems, kitchen display systems, and operational intelligence technologies, to streamline restaurant and retail operations.  **[0000708821-24-000014_par-20231231.htm:48]** **[0000708821-24-000014_par-20231231.htm:109]** **[0000708821-24-000057_par-20240331.htm:9]** **[0001628280-24-020382_partechnologys-3asr.htm:8]** **[0000708821-23-000089_par-20230930.htm:10]** **[0001140361-24-016614_ny20024027x2_s3asr.htm:8]** **[0001140361-24-013034_ny20024027x1_s3asr.htm:8]** **[0001140361-25-000357_ny20041037x1_s3asr.htm:6]** **[0000708821-24-000014_par-20231231.htm:7]**   
   - **Hardware** - Provides point-of-sale systems, kitchen display systems, and related hardware.  **[0000708821-24-000014_par-20231231.htm:48]** **[0000708821-24-000014_par-20231231.htm:109]**   
   - **Subscription Services** - Includes customer engagement tools like Punchh for loyalty, MENU for digital ordering, Brink POS, PAR Pay, and back-office solutions like Data Central.  **[0000708821-24-000014_par-20231231.htm:48]** **[0000708821-24-000014_par-20231231.htm:109]**   
   - **Professional Services** - Covers implementation, training, and support services for restaurant and retail clients.  **[0000708821-24-000014_par-20231231.htm:48]** **[0000708821-24-000014_par-20231231.htm:109]**   

2. **Government Solutions** - Develops and delivers advanced systems and software for the U.S. Department of Defense and other federal agencies.  **[0000708821-24-000014_par-20231231.htm:48]** **[0000708821-24-000014_par-20231231.htm:109]** **[0000708821-24-000057_par-20240331.htm:9]** **[0001628280-24-020382_partechnologys-3asr.htm:8]** **[0000708821-23-000089_par-20230930.htm:10]** **[0000708821-23-000078_par-20230630.htm:9]** **[0001140361-24-016614_ny20024027x2_s3asr.htm:8]** **[0001140361-24-013034_ny20024027x1_s3asr.htm:8]** **[0000708821-24-000014_par-20231231.htm:74]** **[0000708821-24-000014_par-20231231.htm:7]**   
   - **Intelligence, Surveillance, and Reconnaissance (ISR) Solutions** - Provides counter small unmanned aircraft systems and related services.  **[0000708821-24-000014_par-20231231.htm:48]** **[0000708821-24-000014_par-20231231.htm:109]**   
   - **Mission Systems** - Supports operations and maintenance of satellite command and control systems.  **[0000708821-24-000014_par-20231231.htm:48]** **[0000708821-24-000014_par-20231231.htm:109]**   
   - **Commercial Software** - Offers geospatial intelligence data analytics and operational tools.  **[0000708821-24-000014_par-20231231.htm:48]** **[0000708821-24-000014_par-20231231.htm:109]**

1cdf0aef63a165417c494afb460ee5efe428cad115cf87aff248b04a019d0848

1. With the Burger King rollout appearing to progress more slowly than anticipated, can you explain the reasons behind this and how it affects your growth projections, especially considering that significant Burger King contributions are expected in 2025?  **[PAR_3407306_22]** **[PAR_3407306_21]** 
2. At the beginning of 2024, you indicated record RFP activity with seven large deals; can you provide a detailed update on how many of these deals have been won, the status of the remaining ones, and the potential impact on accelerating your organic ARR growth beyond the mid-20% range?  **[PAR_3407306_7]** **[PAR_3407306_12]** 
3. Despite achieving positive adjusted EBITDA, when do you anticipate reaching sustainable positive free cash flow, and what specific steps are you taking to manage interest expenses and capital expenditures to achieve this goal?  **[PAR_3407306_14]** 
4. As you integrate recent acquisitions that are growing slower than the organic business, how do you plan to maintain organic ARR growth in the low 20% range, and what strategies are in place to offset the potential dilution of growth rates from these acquisitions?  **[PAR_3407306_12]** 
5. In light of macroeconomic uncertainties, are you seeing any pullback or delays in your top-of-funnel pipeline, such as RFPs being withdrawn or deals stalling, and how are you adjusting your growth strategy to mitigate these risks?  **[PAR_3407306_15]** 

d3bde820474da2ce84dfc4a2cfb381d8765c00d91b5072ba456d000ef5031044

23794d91c53ae875c8e247d72561e35d9d06ee07c70c9e0dbcc977a6d161504a

78a579874a55204322e3a18d158712e831f707caf5bee17fcf85f184819d76b0

United States

International

- Other Countries

Total Revenue

8b88d6643a93e0d49c32df6683fe1e7243fc2a5cc044910572d93a91fe8d0efc

PAR Technology Corp (PAR)

Financials