Stock Track | PAR Technology Soars 5.95% as Q4 Revenue and Losses Beat Estimates

Stock Track

02/28

PAR Technology Corporation (NYSE: PAR) saw its shares surge 5.95% in pre-market trading on Friday, February 28, 2025, following the release of its better-than-expected fourth-quarter 2024 financial results.

The company, which provides software and hardware solutions for the hospitality industry, reported quarterly revenue of $105 million, surpassing analysts' consensus estimate of $99.1 million. Additionally, PAR Technology reported a narrower loss compared to the year-ago period, breaking even on a non-GAAP basis versus an expected loss of $0.09 per share.

The strong performance was driven by robust growth in PAR Technology's subscription service revenue, which increased 95% year-over-year, reflecting the company's successful transition to a software-as-a-service (SaaS) model. The company also highlighted its acquisition of Delaget, a provider of restaurant analytics and business intelligence solutions, as a key contributor to its expanding product offerings and revenue growth.

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The company also highlighted its acquisition of Delaget, a provider of restaurant analytics and business intelligence solutions, as a key contributor to its expanding product offerings and revenue growth.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"PAR","symbol_name":"Par Technology Corp","start_time":0,"source_url":"","article_id":"1138949606","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1138949606","pubTimestamp":1740753550,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"PAR Technology Corporation  saw its shares surge 5.95% in pre-market trading on Friday, February 28, 2025, following the release of its better-than-expected fourth-quarter 2024 financial results.The company, which provides software and hardware solutions for the hospitality industry, reported quarterly revenue of $105 million, surpassing analysts' consensus estimate of $99.1 million. 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