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Par Technology ( (PAR) ) has issued an announcement.
PAR Technology Corporation reported a robust Q3 2024, with annual recurring revenue soaring 93.3% to $248.1 million, driven by organic growth and strategic acquisitions. The company achieved its first positive adjusted EBITDA under current management, highlighting strong unit economics. The divestiture of its Government segment and acquisition of TASK Group further streamlined its focus on enterprise foodservice software, demonstrating the successful execution of its strategic plan.
See more data about PAR stock on TipRanks’ Stock Analysis page.
