PAR Technology Full Year 2024 Earnings: EPS Beats Expectations, Revenues Lag

PAR Technology (NYSE:PAR) Full Year 2024 Results

Key Financial Results

• Revenue: US$350.0m (down 16% from FY 2023).
• Net loss: US$89.9m (loss widened by 29% from FY 2023).
• US$2.63 loss per share (further deteriorated from US$2.53 loss in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

PAR Technology EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 5.9%. Earnings per share (EPS) exceeded analyst estimates by 91%.

In the last 12 months, the only revenue segment was Restaurant/Retail contributing US$350.0m. Notably, cost of sales worth US$203.9m amounted to 58% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to US$108.9m (46% of total expenses). Explore how PAR's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 7.3% growth forecast for the Electronic industry in the US.

Performance of the American Electronic industry.

The company's shares are up 10% from a week ago.

Risk Analysis

Don't forget that there may still be risks. For instance, we've identified 1 warning sign for PAR Technology that you should be aware of.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.