NYSE$PAR

PAR Technology Corporation · Q1 2021 earnings

Q1 2021 earnings · · Investor relations

Briefing

PAR Technology reported a slight revenue decrease but showed strength in Brink POS bookings and backlog.

PAR Technology Corporation announced its first quarter 2021 results with revenues of $54.5 million, a slight decrease from $54.7 million in the same period of 2020. The company reported a net loss of $8.3 million, or $0.38 loss per share. However, Brink POS bookings saw an 85% increase, and the backlog reached over 3,300 stores.

  • Revenues were $54.5 million, slightly down from $54.7 million year-over-year.
  • Net loss was $8.3 million, or $0.38 loss per share, improved from a $10.9 million loss, or $0.61 loss per share, in Q1 2020.
  • Brink POS bookings increased by 85% year-over-year, totaling 1,345 stores.
  • Backlog at the end of Q1 exceeded 3,300 stores.

Headline financials

Total Revenue

$54.5M

Previous: $54.7M-0.5%
EPS (adj)

-$0.34

Previous: -$0.28-21.4%
Annual Recurring Revenue

$25.6M

Previous: $22.2M+15.3%
Capital Expenditures

-$152K

Previous: -$188K+19.1%
Free Cash Flow

-$8.42M

Previous: -$11.1M+24.1%
Net Income

-$8.27M

Previous: -$10.9M+24.2%
Operating Income

-$6.02M

Previous: -$5.46M-10.4%
Gross Profit

$10.2M

Previous: $11M-7.7%
Cash & Equivalents

$173M

Previous: $60.1M+188.1%
Total Assets

$339M

Previous: $229M+47.9%
Stock-Based Comp

$1.32M

Previous: $1.09M+21.2%

Revenue & EPS history

PAR Technology · Revenue · Quarterly

$54.5M

Q1 2021-0.5%vs Q1 2020
Beat estimate in 12 of 13 quarters(92%)
ActualEstimate

Revenue by segment

PAR Technology · $71M total across 3 segments · Q4 2022

  • Hardware
    $29.6M
  • Subscription Service
    $27.9M
  • Professional Service
    $13.5M

Forward guidance

The company anticipates a strong activation pace in Q2 and expects it to continue throughout the year, which will bring their backlog down. The Punchh acquisition is expected to enhance their software platform.

Tailwinds

  • Significant demand for cloud Brink POS® software.
  • Strong activation pace expected to continue throughout the year.
  • Punchh acquisition enhances software platform.
  • Integrated platform to fast-track new customer wins.
  • Customers supportive of the PAR/Punchh platform.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2021

Historical avgQ1 2021

+0.7%

Avg return

Earnings day

+2.0%

Avg return

5 days after

+4.1%

Avg return

30 days after

51%

33 / 65 earnings

Positive

+16.0%

Q1 2015

Best reaction

-27.5%

Q4 2025

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+7.5%+11.9%-2.8%
Q4 2025-27.5%-16.9%-43.0%
Q3 2025+15.8%+18.0%+3.5%
Q1 2025+3.3%+11.5%+6.9%
Q4 2024+13.2%+6.3%+1.2%
Q3 2024+13.0%+11.7%+18.3%
Q2 2024+13.6%+16.1%+17.8%
Q1 2024-6.2%-3.8%-4.1%
Q4 2023-4.1%-5.4%-0.1%
Q3 2023+6.2%+11.4%+22.2%
Q2 2023-9.1%+2.5%+18.5%
Q1 2023-0.4%+10.0%+24.0%
Q4 2022+0.1%+7.5%-0.6%
Q3 2022+9.6%+11.6%-1.0%
Q2 2022-13.6%-8.5%-23.9%
Q1 2022+5.3%+12.8%+19.6%
Q4 2021-4.1%-8.6%-3.8%
Q3 2021+2.1%+1.1%-16.1%
Q2 2021+1.1%+0.8%+9.3%
Q1 2021-14.6%-22.3%-15.5%
Q4 2020-3.4%+0.9%-0.1%
Q3 2020+0.0%+10.6%+36.2%
Q2 2020-1.7%+0.4%+4.6%
Q1 2020+12.6%+14.8%+51.9%
Q4 2019-20.4%-37.1%-26.7%
Q3 2019+12.2%+20.4%+12.5%
Q2 2019-10.0%-3.5%-10.8%
Q1 2019-3.2%-0.8%+8.6%
Q4 2018-0.7%-10.1%-9.5%
Q3 2018+3.2%-10.7%+3.7%
Q2 2018+15.4%+19.6%+16.7%
Q1 2018+2.0%+1.9%-1.9%
Q4 2017-6.7%+5.8%+21.0%
Q3 2017-6.2%-12.9%+0.2%
Q2 2017-1.7%+6.5%+7.6%
Q1 2017-1.9%-1.4%+0.4%
Q4 2016+3.7%+10.4%+13.0%
Q3 2016-14.1%-4.6%-3.6%
Q2 2016-0.8%-0.2%+4.3%
Q1 2016-17.4%
Q4 2015+15.1%
Q3 2015+15.2%
Q2 2015+15.3%
Q1 2015+16.0%
Q4 2014-5.9%
Q3 2014+6.0%
Q2 2014-3.5%
Q1 2014-0.2%
Q4 2013-1.2%
Q3 2013+0.9%
Q2 2013+0.5%
Q1 2013-1.2%
Q4 2012+5.3%
Q3 2012-3.8%
Q2 2012-0.2%
Q1 2011+0.8%
Q1 2012+0.8%
Q4 2009-0.8%
Q4 2011-0.8%
Q3 2010-1.0%
Q3 2011-1.0%
Q2 2010+2.4%
Q4 2010+2.4%
Q2 2011+2.4%
Q1 2010+7.0%

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