FOR RELEASE: CONTACT: New Hartford, NY, November 6, 2025 Christopher R. Byrnes (315) 743-8376 chris_byrnes@partech.com, www.partech.com Exhibit 99.1 Year-to-Date 2025 Financial Highlights (2) | (in millions, except % and per share | GAAP | | | Non-GAAP | | (1) | | --- | --- | --- | --- | --- | --- | --- | | amounts) | Q3 2025 | Q3 2024 | vs. Q3 2024 | Q3 2025 | Q3 2024 | vs. Q3 2024 | | Revenue | $335.4 | $245.0 | better 36.9% | | | | | Net Loss from Continuing Operations/Adjusted EBITDA | $(63.8) | $(64.6) ...

Laughing Water Capital, an investment management company, released its third-quarter 2025 investor letter. A copy of the letter can be downloaded here. In the third quarter of 2025, Laughing Water Capital declined approximately -1% net of all expenses, bringing year-to-date returns to approximately -2.7%. The SP500TR and R2000 returned 12.4% and 8.1% respectively, in the quarter, and 14.8% and 10.4%, respectively, for YTD. In addition, you can check the fund’s top 5 holdings to determine its best picks for ...

Core Insights - Baron Discovery Fund's year-to-date performance is up 10.75%, slightly trailing the Russell 2000 Growth Index's return of 11.65% [1] - In Q3 2025, the fund gained 2.85%, while the Index rose by 12.19% [1] Company Overview: PAR Technology Corporation - PAR Technology Corporation provides omnichannel cloud-based hardware and software solutions for the restaurant and retail sectors [2] - As of October 29, 2025, PAR's stock closed at $35.09, with a market capitalization of $1.424 billion [2] Performance and Outlook - PAR Technology's stock experienced a one-month decline of 6.87% and a significant 41.52% drop over the past 52 weeks [2] - The company revised its full-year growth outlook from 20% to 15% due to weaker-than-expected performance in the first half of the year, influenced by macroeconomic conditions and strategic rollout delays [3] - Despite the challenges, management is optimistic about achieving 20% annual recurring revenue growth in the next 12 months, supported by a strong pipeline of contracts, including ongoing negotiations with large enterprise restaurant chains [3] Investment Sentiment - PAR Technology is not among the top 30 most popular stocks among hedge funds, with 28 hedge fund portfolios holding the stock at the end of Q2, unchanged from the previous quarter [4] - While PAR is recognized for its potential, other AI stocks are considered to offer greater upside with less downside risk [4]

Core Insights - PAR Technology Corporation will report its third quarter financial results for fiscal 2025 on November 6, 2025, with a conference call scheduled for 4:30 p.m. ET [1][2] Company Overview - PAR Technology Corporation is a leading provider of foodservice technology, offering a unified platform that integrates various solutions such as point-of-sale, digital ordering, loyalty, back-office, payments, and hardware [3] Recent Developments - Krystal Restaurants LLC has selected PAR Punchh® to power its new loyalty program, Club Krystal, as part of its national expansion strategy [5] - Layne's Chicken Fingers has chosen PAR® Engagement to enhance its digital ordering and loyalty experience, preparing for rapid growth with over 300 restaurants planned [6] - PAR Technology has launched PAR Games™, an interactive loyalty experience aimed at increasing guest engagement through personalized brand interactions [7]

Core Insights - PAR Technology Corporation has announced that Layne's Chicken Fingers will implement PAR® Engagement to enhance its digital ordering and loyalty systems as it prepares for significant expansion [1] Company Developments - Layne's Chicken Fingers is planning to expand with over 300 restaurants in the development pipeline [1] - PAR Engagement includes a suite of tools for ordering, loyalty, guest data, and marketing [1]

Core Insights - Refuel is partnering with PAR Technology to enhance customer loyalty and engagement, aiming for a 50% increase in membership and transactions [3][8] - The new loyalty platform will be implemented across Refuel's 240+ convenience stores by the end of 2025, with ongoing refinements through 2026 [3][8] - Leadership changes at Refuel include the promotion of co-presidents to co-CEOs and the appointment of new executives in key roles [5] Company Developments - Refuel has introduced a new grab-and-go food program called EATS, featuring a variety of food items [6] - The transition to PAR Technology's platform is part of a broader trend in the convenience store industry to improve loyalty offerings and integrate retail media networks [8]

Group 1 - Bristlemoon Global Fund achieved a return of 5.0% in the September quarter and 5.6% for September 2025, net of fees [1] - Since its inception, the fund has produced a cumulative return of 19.3%, net of fees, focusing on long-term capital compounding [1] - The fund's top five holdings are highlighted as its best picks for 2025 [1] Group 2 - PAR Technology Corporation (NYSE:PAR) provides omnichannel cloud-based hardware and software solutions for the restaurant and retail sectors [2] - PAR Technology's stock experienced a one-month return of -16.22% and a 52-week decline of 35.99%, closing at $36.20 per share on October 10, 2025, with a market capitalization of $1.469 billion [2] - The stock has been part of the Bristlemoon Global Fund portfolio since inception, but it faced a significant drawdown, falling 44% from $71 per share in late July to around $40 at the end of September [3]

Core Insights - The information technology sector has several oversold stocks, presenting potential buying opportunities for undervalued companies [1] - The Relative Strength Index (RSI) is a key indicator for identifying oversold conditions, with values below 30 indicating potential buying opportunities [1] Company Summaries - **Freshworks Inc (NASDAQ:FRSH)**: - Recently appointed Enrique Ortegon as senior vice president and general manager of Americas Field Sales, expected to drive growth [8] - Stock has decreased approximately 15% over the past month, with a 52-week low of $10.81 [8] - Current RSI value is 29.7, with shares closing at $11.18, reflecting a 1.2% decline [8] - **PAR Technology Corp (NYSE:PAR)**: - Analyst Mark Palmer maintained a Buy rating but reduced the price target from $92 to $77 [8] - Stock has fallen around 21% in the last month, reaching a 52-week low of $37.29 [8] - Current RSI value is 23.4, with shares closing at $37.96, showing a slight increase of 0.2% [8] - **Rapid7 Inc (NASDAQ:RPD)**: - Analyst Erin Wilson maintained an Equal-Weight rating and lowered the price target from $28 to $22 [8] - Stock has decreased about 14% over the past month, with a 52-week low of $17.76 [8] - Current RSI value is 26.3, with shares closing at $17.77, reflecting a 4.5% decline [8]

Core Insights - The information technology sector has several oversold stocks, presenting potential buying opportunities for undervalued companies [1] - The Relative Strength Index (RSI) is a key indicator for identifying oversold conditions, with values below 30 indicating potential buying opportunities [1] Company Summaries - **Freshworks Inc (NASDAQ:FRSH)**: - Recently appointed Enrique Ortegon as senior vice president and general manager of Americas Field Sales, expected to drive growth [8] - Stock has decreased approximately 15% over the past month, with a 52-week low of $10.81 [8] - Current RSI value is 29.7, with shares closing at $11.18, reflecting a 1.2% decline [8] - **PAR Technology Corp (NYSE:PAR)**: - Analyst Mark Palmer maintained a Buy rating but reduced the price target from $92 to $77 [8] - Stock has fallen around 21% in the last month, reaching a 52-week low of $37.29 [8] - Current RSI value is 23.4, with shares closing at $37.96, showing a slight increase of 0.2% [8] - **Rapid7 Inc (NASDAQ:RPD)**: - Morgan Stanley analyst Erin Wilson maintained an Equal-Weight rating and lowered the price target from $28 to $22 [8] - Stock has decreased about 14% over the past month, with a 52-week low of $17.76 [8] - Current RSI value is 26.3, with shares closing at $17.77, reflecting a 4.5% decline [8]

Core Insights - The analyst previously rated PAR as a Hold when the stock was approximately $66, indicating that while the fundamentals were strong, the stock price did not provide sufficient upside potential for investors if performance faltered [1]. Group 1 - The analyst emphasizes a focus on technology, infrastructure, and internet services, particularly favoring companies that exhibit strong fundamentals alongside significant growth potential [1]. - The article aims to foster thoughtful discussions around investment ideas and long-term returns, rather than short-term market fluctuations [1].