PAR Technology Corporation Announces 2021 Third Quarter Results – Yahoo Finance

PAR Technology Corporation Announces 2021 Third Quarter Results – Yahoo Finance

  • Total revenues increase 42.0% from Q3 ’20 – aided by the Punchh acquisition

  • Software Annual Recurring Revenues (ARR)* grew to $82.5 million – a 164% increase from the $31.3 million reported in Q3 ’20 – aided by the Punchh acquisition

  • Largest Brink POS Activations quarter in PAR history

NEW HARTFORD, N.Y., November 09, 2021–(BUSINESS WIRE)–PAR Technology Corporation (NYSE: PAR) (“PAR Technology” or the “Company”) today announced its results for the third quarter ended September 30, 2021.

Summary of Fiscal 2021 Third Quarter

  • Revenues were reported at $77.9 million for the third quarter of 2021, a 42.0% increase compared to $54.8 million for the same period in 2020. Punchh contributed $9.7 million of revenue for the third quarter of 2021.

  • Net loss for the third quarter of 2021 was $31.9 million, or $1.23 loss per share, compared to a net loss of $3.7 million, or $0.20 loss per share reported for the same period in 2020.

  • EBITDA for the third quarter of 2021 was a loss of $20.4 million compared to EBITDA of $0.9 million for the same period in 2020.**

  • Adjusted EBITDA for the third quarter of 2021 was a loss of $4.0 million compared to Adjusted EBITDA of $0.1 million for the same period in 2020.**

  • Adjusted net loss for the third quarter of 2021 was $9.3 million, or $0.36 adjusted net loss per share, compared to an adjusted net loss of $2.4 million, or $0.11 adjusted net loss per share, for the same period in 2020.**

Summary of Year-to-Date Financial Results

  • Revenues were reported at $201.3 million for the nine months ended September 30, 2021, an increase of 29.6% when compared to $155.3 million for the same period in 2020. Punchh contributed $17.8 million of revenue in 2021.

  • Net loss for the September 30, 2021 September 30, 2021 was $50.2 million, or $2.05 loss per share, compared to a net loss of $23.6 million, or $1.30 loss per share reported for the same period in 2020.

  • EBITDA for the nine months ended September 30, 2021 was a loss of $34.9 million compared to an EBITDA loss of $14.6 million for the same period in 2020.**

  • Adjusted EBITDA for the nine months ended September 30, 2021 was a loss of $12.9 million compared to an Adjusted EBITDA loss of $3.8 million for the same period in 2020.**

  • Adjusted …….

    Source: https://finance.yahoo.com/news/par-technology-corporation-announces-2021-210500096.html

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