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PAR Par Technology

PAR Technology Corp. engages in the provision of software and hardware support services for the hospitality industry. It operates through the Restaurant/Retail and Government segments. The Restaurant/Retail segment offers point-of-sale (POS), food safety, and management technology solutions. The Government segment includes intelligence, surveillance and reconnaissance technology and services for federal agencies. The company was founded by John W. Sammon, Jr. in 1968 and is headquartered in New Hartford, NY.

Company profile

Ticker
PAR
Exchange
CEO
Savneet Singh
Employees
Incorporated
Location
Fiscal year end
SEC CIK
IRS number
161434688

PAR stock data

(
)

Calendar

10 May 21
14 Jun 21
31 Dec 21
Quarter (USD)
Mar 21 Dec 20 Sep 20 Jun 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Dec 20 Dec 19 Dec 18 Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 173.12M 173.12M 173.12M 173.12M 173.12M 173.12M
Cash burn (monthly) 2.52M (positive/no burn) 2.74M 2.64M 1.14M 712.83K
Cash used (since last report) 6.23M n/a 6.77M 6.52M 2.83M 1.76M
Cash remaining 166.9M n/a 166.35M 166.6M 170.3M 171.36M
Runway (months of cash) 66.2 n/a 60.6 63.1 148.8 240.4

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
4 Jun 21 Russo Cynthia A Common Stock Grant Aquire A No No 0 1,851 0 36,282
4 Jun 21 Rauch Douglas Gregory Common Stock Grant Aquire A No No 0 1,851 0 16,022
4 Jun 21 Stoffel James C Common Stock Grant Aquire A No No 0 1,851 0 16,022
4 Jun 21 Keith Pascal Common Stock Grant Aquire A No No 0 1,851 0 2,091

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

87.5% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 150 141 +6.4%
Opened positions 26 55 -52.7%
Closed positions 17 12 +41.7%
Increased positions 64 49 +30.6%
Reduced positions 43 28 +53.6%
13F shares
Current Prev Q Change
Total value 1.68B 1.63B +3.4%
Total shares 22.74M 22.4M +1.5%
Total puts 54.7K 21.3K +156.8%
Total calls 252.4K 123.1K +105.0%
Total put/call ratio 0.2 0.2 +25.2%
Largest owners
Shares Value Change
ADW Capital Partners 2.1M $131.87M 0.0%
Capital Research Global Investors 1.97M $128.83M +8.3%
ADW Capital Management 1.83M $119.99M -12.7%
BLK Blackrock 1.7M $111.21M +6.1%
Nine Ten Capital Management 1.4M $91.55M -2.9%
Vanguard 1.1M $72.18M +0.2%
Greenhaven Road Investment Management 976.13K $63.85M +3.7%
Royce & Associates 876.11K $57.31M -13.2%
Rovida Advisors 875K $57.29M -14.6%
Wellington Management 725.35K $47.45M +34.5%
Largest transactions
Shares Bought/sold Change
Atreides Management 227.59K -266.04K -53.9%
ADW Capital Management 1.83M -265.83K -12.7%
Peregrine Capital Management 226.02K +226.02K NEW
Granite Investment Partners 217.38K +217.38K NEW
Nantahala Capital Management 0 -202.31K EXIT
Wellington Management 725.35K +186.2K +34.5%
Capital Research Global Investors 1.97M +150.9K +8.3%
THB Asset Management 0 -150.69K EXIT
Rovida Advisors 875K -149.9K -14.6%
Wasatch Advisors 678.68K -146.87K -17.8%

Financial report summary

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Competition
PanasonicNCROracleCommunity
Risks
  • Our results of operations may fluctuate significantly due to the timing of our revenue recognition and our ability to accurately forecast sales, including subscription software sales and renewals.
  • Our products might experience coding or configuration errors, which could damage our reputation and deter current and potential customers from purchasing our products.
  • If our technical and maintenance support services are not satisfactory to our customers, they may not renew their services agreements or buy future products, which could materially and adversely affect our future results of operations and financial condition.
  • Three customers account for a significant portion of our revenues in the Restaurant/Retail segment. The loss of one of these customers, or a significant reduction, delay, or cancellation of purchases by one of these customers, would materially and adversely affect our business, financial condition, and results of operations.
  • There are risks related to our enterprise resource planning system (“ERP”).
  • Issues with product and component availability or supplier performance may affect our ability to manufacture and deliver our products.
  • If we are unable to recruit and retain qualified employees, our business may be harmed.
  • We may be subject to claims by third-parties of intellectual property and/or proprietary rights infringement.
  • Servicing our debt may require a significant amount of cash, and we may not have sufficient cash flow from our operating subsidiaries to pay our debt.
  • We may not have the ability to raise the funds necessary to pay interest on the Notes, to repurchase the Notes upon a fundamental change, or to settle conversions of the Notes in cash.
  • We are subject to laws and regulations governing the protection of personally identifiable information; we are also subject to cyber-attacks. A failure to comply with applicable privacy or data protection laws or a cyber-attack could harm our reputation and have a material adverse effect on our business.
  • Significant changes in U.S. and international trade policies that restrict imports or increase tariffs could have a material adverse effect on our results of operations.
  • A portion of our Government segment revenue is derived from U.S. Government contracts, which contain provisions unique to public sector customers, including the U.S. Government’s right to modify or terminate these contracts at any time.
  • Our Government segment could be adversely affected by changes in budgetary priorities of the U.S. Government, failure to approve U.S. Government budgets on a timely basis, or delays in contract awards and other procurement activities.
  • Failure to comply with a variety of complex procurement regulations could result in liability for various penalties or sanctions including termination of U.S. Government contracts, disqualification from bidding on future U.S. Government contracts, and suspension or debarment from U.S. Government contracting.
  • We cannot guarantee that our Government segment's estimated contract backlog will result in actual revenue.
  • The U.S. Government may revise its procurement or other practices in a manner adverse to our Government segment.
  • Our Government segment is subject to reviews, audits, and cost adjustments by the U.S. Government, which, if unfavorably resolved to us, could adversely affect our profitability, cash flows, or growth prospects.
  • We have never paid cash dividends on our common stock, and we do not anticipate paying any cash dividends in the foreseeable future.
  • Future sales of our common stock or other securities could depress the price of our common stock and could result in dilution to our existing security holders.
  • If securities analysts do not publish research or reports about our business, or if they issue unfavorable commentary or negative recommendations with respect to our common stock, the price of our common stock, and consequently the market price for the Notes, could decline.
  • Certain provisions of our certificate of incorporation and bylaws and Delaware law may discourage a takeover of our company.
  • Our business could be negatively impacted as a result of shareholder activism.
Content analysis
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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. sophomore Avg
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