PAR Technology Third Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags

PAR Technology (NYSE:PAR) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$96.8m (up 41% from 3Q 2023).
• Net loss: US$20.7m (loss widened by 7.4% from 3Q 2023).
• US$0.58 loss per share.

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

PAR Technology Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 6.3%. Earnings per share (EPS) missed analyst estimates by 16%.

Looking ahead, revenue is forecast to grow 8.5% 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 12% from a week ago.

Risk Analysis

You still need to take note of risks, for example - PAR Technology has 2 warning signs we think you should be aware of.

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