NYSE$PAR

PAR Technology Corporation · Q2 2022 earnings

Q2 2022 earnings · · Investor relations

Briefing

PAR Technology reported an increase in revenue and ARR, but also a net loss and adjusted EBITDA loss compared to the same period last year.

PAR Technology Corporation announced its Q2 2022 financial results, with revenues increasing by 23.4% year-over-year to $85.1 million. However, the company reported a net loss of $18.8 million, or $0.70 per share, and an adjusted EBITDA loss of $5.8 million.

  • Total revenues increased 23.4% year-over-year from Q2 '21.
  • Software Annual Recurring Revenues (ARR) grew to $98.6 million, a 29% increase from Q2 '21.
  • Brink POS ARR totaled $36.2 million at the end of Q2 '22.
  • Punchh ARR totaled $53.2 million at the end of Q2 '22.

Headline financials

Total Revenue

$85.1M

Previous: $69M+23.4%
EPS (adj)

-$0.36

Previous: -$0.36+0.0%
Annual Recurring Revenue

$98.6M

Previous: $76.7M+28.6%
Capital Expenditures

-$504K

Previous: -$600K+16.0%
Free Cash Flow

-$19.4M

Previous: -$10.6M-83.3%
Net Income

-$18.8M

Previous: -$9.96M-89.3%
Operating Income

-$16.1M

Previous: -$17M+5.2%
Gross Profit

$21.1M

Previous: $15.1M+39.8%
Cash & Equivalents

$151M

Previous: $85.2M+76.7%
Total Assets

$859M

Previous: $798M+7.7%
Stock-Based Comp

$3.23M

Previous: $4.25M-24.0%

Revenue & EPS history

PAR Technology · Revenue · Quarterly

$85.1M

Q2 2022+23.4%vs Q2 2021
Beat estimate in 10 of 15 quarters(67%)
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

PAR delivered strong results in the second quarter, setting the stage for a stronger second half.

Tailwinds

  • Revenue increased 23.4%
  • Continued ARR growth in the quarter.
  • ARR at end of Q2 2022 was $98.6 million
  • Growth across all business segments.
  • Adding new customer relationships, improving our operational efficiency and maintaining high customer and employee engagement.

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 Q2 2022

Historical avgQ2 2022

+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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