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PAR

Par Technology

$34.91 /

+0.44 (+1.28%)

07:31
08/07/20
08/07
07:31
08/07/20
07:31

Par Technology reports Q2 EPS (24c), consensus (39c)

Reports Q2 revenue $45.7M, consensus $44.98M. PAR Technology CEO, Savneet Singh commented, "In my short time at PAR, this is without question the most proud I've been of our results, team and industry. While the restaurant industry continues to learn to live with COVID-19, we believe our Q2 results are evidence of the long-term secular demand for our software offerings. Despite the pandemic, we remain on track to continue to grow our software assets and deliver strong results in 2020. We are encouraged that in the late June/July timeframe we saw a significant number of our COVID impacted restaurant customers come back online and a number of new customer wins." Mr. Singh continued, "While these remain challenging and unprecedented times, we are at the beginning of one of the most transformative periods in restaurant history. The need for more restaurants to develop new remote/contactless ways to service customers with digital transformation strategies has never been greater, and PAR is in a strong position to help our customers remain resilient, productive, and innovative during these times. Our Q2 results demonstrate the progress that we've made and our ability to likely pull years of demand forward."

  • 07

    Aug

PAR Par Technology
$34.91 /

+0.44 (+1.28%)

06/22/20 Craig-Hallum
Par Technology price target raised to $40 from $30 at Craig-Hallum
06/18/20 Roth Capital
Par Technology upgraded to Buy at Roth Capital as 'growth is back'
06/18/20 Roth Capital
Par Technology upgraded to Buy from Neutral at Roth Capital
06/15/20 BTIG
Par Technology initiated with a Buy at BTIG

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