Overview

* PAR Technology ( PAR ) Q2 revenue rises 43.8%, beating analyst expectations

* Quarterly subscription service revenues up 60% yr/yr, with 21% organic growth

* Adjusted EBITDA improves significantly, reflecting operational progress

Outlook

* Company highlights strong pipeline for future growth and profitability

Result Drivers

* ARR GROWTH - Annual Recurring Revenue grew 49% to $286.7 mln, driven by organic growth of 16%

* SUBSCRIPTION REVENUE - Quarterly subscription service revenues increased 60% yr/yr, with 21% organic growth

* MULTI-PRODUCT SIGNINGS - Record number of multi-product logos signed, contributing to strong Q2 performance

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 Beat $112.40 $111.30

Revenue mln mln (8

Analysts

)

Q2 $0.03

Adjusted

EPS

Q2 Basic -$0.52

EPS

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 8 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the office equipment peer group is "buy"

* Wall Street's median 12-month price target for PAR Technology Corp ( PAR ) is $90.00, about 35.5% above its August 7 closing price of $58.03

* The stock recently traded at 127 times the next 12-month earnings vs. a P/E of 156 three months ago

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)