PAR TECHNOLOGY Reports 18.2% Increase in Revenue for Q2 2023, Totaling USD 100.5 Million
August 28, 2023
☀️Earnings Overview
PAR TECHNOLOGY ($NYSE:PAR) announced their total revenue of USD 100.5 million for the quarter ending June 30 2023, a year-on-year increase of 18.2%. Net income for the same period was -19.7 million, compared to -18.8 million in the prior year. The financial results were released on August 9 2023 for the company’s second quarter of their FY2023.
Analysis
GoodWhale has conducted an analysis of PAR TECHNOLOGY‘s financials and, based on the Star Chart, PAR TECHNOLOGY has a low health score of 2 out of 10 with regards to its cashflows and debt. This suggests that the company is less likely to be able to sustain its operations in times of crisis. Additionally, PAR TECHNOLOGY is classified as a ‘cheetah’, which means that it has achieved high revenue or earnings growth but it is considered less stable due to its lower profitability. Because of this type of classification, investors who have a high appetite for risk and who are looking for high growth potential may find this type of company appealing. However, in comparison to other companies in the same sector, PAR TECHNOLOGY is strong in growth but is weak in asset, dividend, and profitability. Therefore, potential investors should carefully consider the risk versus return before investing in this company. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Par Technology. More…
| Total Revenues | Net Income | Net Margin |
| 391.4 | -70.43 | -19.9% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Par Technology. More…
| Operations | Investing | Financing |
| -24.28 | -67.91 | -3.27 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Par Technology. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 816.48 | 474.27 | 12.47 |
Key Ratios Snapshot
Some of the financial key ratios for Par Technology are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 25.3% | – | -15.6% |
| FCF Margin | ROE | ROA |
| -8.5% | -10.9% | -4.7% |
Peers
Headquartered in New Hartford, New York, PAR Technology Corporation is a provider of software and hardware solutions for the hospitality industry. PAR’s solutions are used in over 80,000 restaurants in more than 110 countries. PAR’s competitors in the hospitality software and hardware market include LSI Software SA, Nukkleus Inc, and StartMonday Technology Corp.
– LSI Software SA ($LTS:0LVM)
SEMICONDUCTOR MANUFACTURING COMPANY
Semiconductor Manufacturing Company (SMC) is a leading manufacturer of semiconductor products. The company has a market cap of 35.31M as of 2022 and a return on equity of 4.75%. SMC manufactures a wide range of semiconductor products, including integrated circuits, microprocessors, and other semiconductor devices. The company’s products are used in a variety of electronic devices and systems, such as computers, cell phones, and industrial equipment.
– Nukkleus Inc ($OTCPK:NUKK)
Nukkleus Inc is a publicly traded company with a market capitalization of 25.7 million as of 2022. The company has a negative return on equity of 22.79%. Nukkleus Inc is engaged in the development, marketing, and sale of software products and services. The company’s products and services include enterprise software, cloud-based solutions, and software-as-a-service offerings. Nukkleus Inc’s products and services are used by businesses of all sizes, including small and medium-sized businesses, large enterprises, and government agencies.
– StartMonday Technology Corp ($OTCPK:STMDF)
Monday Technology Corp is a publicly traded company with a market capitalization of 309.94k as of 2022. The company has a negative return on equity of -2049.95%. Monday Technology Corp is engaged in the development, manufacture, and sale of semiconductor products. The company offers a variety of products including integrated circuits, microprocessors, memories, and other semiconductor products.
Summary
PAR Technology’s Q2 results for the fiscal year 2023 showed total revenue of USD 100.5 million, representing 18.2% growth year-over-year. The company posted a net loss of -19.7 million, though this was an improvement from the reported -18.8 million loss in the prior year. For investors, these results suggest that PAR Technology’s revenue growth is outpacing its rising costs, which can be seen as a positive sign.
Additionally, the company’s improved net loss indicates that it is becoming more efficient in its operations. It will be important to watch the company’s future results to determine if these trends continue.
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