Par Technology reports Q4 EPS (33c), consensus (26c)

Reports Q4 revenue $107.71M, consensus $104.69M .Savneet Singh, PAR Technology CEO, commented on the results, “We are pleased to cap off the year with strong fourth quarter results as our subscription services revenue and ARR growth continues to drive our performance. Our strong results stem from the continued strength in our unified commerce platform, as the world’s most innovative enterprise restaurants turn to PAR to help them accelerate their digital initiatives. Evidenced by our notable new customer wins that include Burger King, Hooters of America and Bob Evans to name a select few. Our Q4 performance marked the end of an exciting year for PAR as we delivered on our vision for the digital restaurant. In the quarter we began to build out our capabilities in order to hit the ground running with the Burger King rollout and also to prepare for the significant number of deals coming to market in early ’24. We have begun the new year with improved visibility, clear new business opportunities and a resilient end market. I’m confident in the team we have on board and the opportunity ahead for our Company.”