UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended September 30, 2022 OR ☐ TRANSITION REPORT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Transition Period From __________ to __________ Commission File Number: 1-09720 PAR TECHNOLOGY CORPORATION (Exact name of registrant as specified in its charter) (State or other jurisdiction of inc ...

Par Technology Corporation (NYSE:PAR) Q2 2022 Earnings Conference Call August 9, 2022 9:00 AM ET Company Participants Chris Byrnes - VP, Business Development Savneet Singh - President and CEO Bryan Menar - CFO Conference Call Participants Mayank Tandon - Needham & Company Stephen Sheldon - William Blair Samad Samana - Jefferies Anja Soderstrom - Sidoti & Company Adam Wyden - ADW Capital Operator Good day and thank you for standing by. Welcome to the 2022 Second Quarter Financial Results Conference Call. At ...

Q2 '22 Earnings Presentation August 9, 2022 NYSE: PAR Forward-Looking Statements. This presentation contains "forward-looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, Section 27A of the Securities Act of 1933, as amended, and the Private Securities Litigation Reform Act of 1995. Forward-looking statements are not historical in nature, but rather are predictive of our future operations, financial condition, financial results, business strategies and pr ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended June 30, 2022 OR ☐ TRANSITION REPORT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Transition Period From __________ to __________ Commission File Number: 1-09720 PAR TECHNOLOGY CORPORATION (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorpor ...

TM Unified Commerce Cloud Platform May 2022 Forward-Looking Statements. This presentation contains "forward-looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, Section 27A of the Securities Act of 1933, as amended, and the Private Securities Litigation Reform Act of 1995. Forward-looking statements are not historical in nature, but rather are predictive of our future operations, financial condition, financial results, business strategies and prospects. F ...

Par Technology Corporation (NYSE:PAR) Q1 2022 Results Earnings Conference Call May 10, 2022 4:30 PM ET Company Participants Savneet Singh - President and Chief Executive Officer Chris Byrnes - Vice President, Business Development Bryan Menar - Chief Financial Officer Conference Call Participants Kyle Peterson - Needham & Company Samad Samana - Jefferies Stephen Sheldon - William Blair George Sutton - Craig-Hallum Anja Soderstrom - Sidoti & Company Adam Wyden - ADW Capital Operator Good day and thank you for ...

Q1 '22 Earnings Presentation May 10, 2022 NYSE: PAR Forward-Looking Statements. This presentation contains "forward-looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, Section 27A of the Securities Act of 1933, as amended, and the Private Securities Litigation Reform Act of 1995. Forward-looking statements are not historical in nature, but rather are predictive of our future operations, financial condition, financial results, business strategies and pros ...

[PART I FINANCIAL INFORMATION](index=2&type=section&id=PART%20I%20FINANCIAL%20INFORMATION) [Financial Statements (unaudited)](index=2&type=section&id=Item%201.%20Financial%20Statements%20(unaudited)) PAR Technology Corporation reported Q1 2022 revenues of **$80.3 million**, up **47.4%**, with a net loss of **$15.7 million** due to increased operating expenses Condensed Consolidated Balance Sheet Highlights (in thousands) | Account | March 31, 2022 | December 31, 2021 | | :--- | :--- | :--- | | Cash and cash equivalents | $163,207 | $188,419 | | Total current assets | $270,087 | $283,007 | | Goodwill | $457,433 | $457,306 | | Total assets | $871,696 | $888,149 | | Total current liabilities | $58,337 | $60,517 | | Long-term debt | $387,681 | $305,845 | | Total liabilities | $460,226 | $383,804 | | Total shareholders' equity | $411,470 | $504,345 | Condensed Consolidated Statements of Operations (in thousands, except per share amounts) | Account | Three Months Ended March 31, 2022 | Three Months Ended March 31, 2021 | | :--- | :--- | :--- | | Total revenues, net | $80,285 | $54,467 | | Gross margin | $20,613 | $10,200 | | Operating loss | $(12,809) | $(6,021) | | Net loss | $(15,650) | $(8,271) | | Net loss per share (basic and diluted) | $(0.58) | $(0.38) | Condensed Consolidated Statements of Cash Flows Highlights (in thousands) | Account | Three Months Ended March 31, 2022 | Three Months Ended March 31, 2021 | | :--- | :--- | :--- | | Net cash used in operating activities | $(21,198) | $(3,434) | | Net cash used in investing activities | $(3,060) | $(1,669) | | Net cash used in financing activities | $(1,411) | $(2,116) | | Net decrease in cash and cash equivalents | $(25,212) | $(7,564) | | Cash and equivalents at end of period | $163,207 | $173,122 | [Notes to Condensed Consolidated Financial Statements (unaudited)](index=8&type=section&id=Notes%20to%20Condensed%20Consolidated%20Financial%20Statements%20(unaudited)) Notes detail accounting policies, segment operations, convertible instrument reclassification, and Q1 2022 acquisition and Punchh purchase price finalization - The company operates in two distinct reporting segments: Restaurant/Retail, providing integrated cloud solutions, and Government, offering advanced systems for federal agencies[25](index=25&type=chunk) - On January 1, 2022, the company adopted ASU 2020-06 for convertible instruments, resulting in an **$81.3 million** increase to convertible notes and a **$66.6 million** reduction to additional paid-in capital[34](index=34&type=chunk) - In Q1 2022, the company acquired a privately held restaurant technology company for **$1.2 million**, recorded as goodwill, and finalized the Punchh acquisition purchase price allocation, reducing goodwill by **$1.1 million**[51](index=51&type=chunk)[54](index=54&type=chunk) Outstanding Convertible Senior Notes (Principal Amount, in thousands) | Note Series | Principal Amount | | :--- | :--- | | 2024 Notes | $13,750 | | 2026 Notes | $120,000 | | 2027 Notes | $265,000 | | **Total** | **$398,750** | Segment Revenues and Operating (Loss) Income (in thousands) | Segment | Revenue Q1 2022 | Revenue Q1 2021 | Operating (Loss) Income Q1 2022 | Operating (Loss) Income Q1 2021 | | :--- | :--- | :--- | :--- | :--- | | Restaurant/Retail | $58,846 | $36,584 | $(5,181) | $(9,285) | | Government | $21,439 | $17,883 | $1,547 | $1,190 | [Management's Discussion and Analysis of Financial Condition and Results of Operations](index=25&type=section&id=Item%202.%20Management%27s%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Q1 2022 total revenue increased **47.4%** to **$80.3 million**, driven by service revenue growth, with operating expenses rising significantly leading to a higher operating loss Consolidated Results of Operations Highlights (in thousands) | Metric | Q1 2022 | Q1 2021 | % Change | | :--- | :--- | :--- | :--- | | Total revenues, net | $80,285 | $54,467 | 47.4% | | Gross margin | $20,613 | $10,200 | 102.1% | | Loss from operations | $(12,809) | $(6,021) | 112.7% | | Net loss | $(15,650) | $(8,271) | 89.2% | - Service revenue growth of **87.3%** was primarily driven by **$11.2 million** in revenue from the Punchh acquisition, which occurred in April 2021[119](index=119&type=chunk) - Operating expenses increased significantly, with Selling, General & Administrative (SG&A) up **53.9%** and Research & Development (R&D) up **86.6%**, largely due to Punchh integration and strategic investments[125](index=125&type=chunk)[126](index=126&type=chunk) Annual Recurring Revenue (ARR) (in thousands) | Product | Q1 2022 | Q1 2021 | % Change | | :--- | :--- | :--- | :--- | | Brink POS | $35,518 | $25,647 | 38.5% | | Data Central | $8,703 | $8,968 | (3.0)% | | Punchh | $50,220 | — | N/A | | **Total** | **$94,441** | **$34,615** | **172.8%** | Active Sites (in thousands) | Product | Q1 2022 | Q1 2021 | % Change | | :--- | :--- | :--- | :--- | | Brink POS | 16.9 | 12.1 | 39.6% | | Data Central | 6.0 | 6.0 | —% | | Punchh | 58.8 | — | N/A | - Cash used in operating activities was **$21.2 million**, a significant increase from **$3.4 million** in the prior year, driven by higher net loss and increased working capital needs[150](index=150&type=chunk) [Quantitative and Qualitative Disclosures About Market Risk](index=33&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) The company faces market risks from foreign currency and interest rate fluctuations, primarily related to fixed-rate convertible notes, with foreign currency impact not material - The company's primary foreign currency exchange risk exposures relate to sales and operating expenses in Canada, Europe, and Asia, with no material impact as of March 31, 2022[156](index=156&type=chunk) - The company has **$398.8 million** in aggregate principal of fixed-rate convertible notes, whose fair value fluctuates with market interest rates and the company's stock price[157](index=157&type=chunk)[158](index=158&type=chunk) [Controls and Procedures](index=33&type=section&id=Item%204.%20Controls%20and%20Procedures) Disclosure controls and procedures were deemed ineffective as of March 31, 2022, due to ongoing material weaknesses in internal control over financial reporting - The CEO and CFO concluded that disclosure controls and procedures were not effective as of March 31, 2022[159](index=159&type=chunk) - The ineffectiveness is due to ongoing material weaknesses in internal control over financial reporting, with remediation efforts in progress but not yet completed[159](index=159&type=chunk)[160](index=160&type=chunk) [PART II OTHER INFORMATION](index=34&type=section&id=PART%20II%20OTHER%20INFORMATION) [Legal Proceedings](index=34&type=section&id=Item%201.%20Legal%20Proceedings) The company is involved in ordinary course legal proceedings, with management not anticipating any material adverse effect on financial condition or operations - The company states that it does not believe any pending litigation would have a material adverse effect on its financial condition or results of operations[163](index=163&type=chunk) [Risk Factors](index=34&type=section&id=Item%201A.%20Risk%20Factors) No material changes have been made to the risk factors disclosed in the 2021 Annual Report - No material changes have been made to the risk factors disclosed in the 2021 Annual Report[164](index=164&type=chunk) [Unregistered Sales of Equity Securities and Use Of Proceeds](index=34&type=section&id=Item%202.%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20Of%20Proceeds) During Q1 2022, the company withheld **44,659 shares** of common stock to satisfy employee tax withholding obligations related to vested equity awards - For the three months ended March 31, 2022, the company withheld **44,659 shares** to satisfy minimum statutory tax obligations for employees related to vested equity awards[165](index=165&type=chunk) [Exhibits](index=35&type=section&id=Item%206.%20Exhibits) This section lists the exhibits filed with the Form 10-Q, including certifications by the CEO and CFO, and XBRL data files - The report includes various exhibits, such as an amendment to an employment letter and certifications from the Principal Executive Officer and Principal Financial Officer[168](index=168&type=chunk)

Q4 '21 Earnings Presentation March 1, 2022 NYSE: PAR Forward-Looking Statements. This presentation contains "forward-looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, Section 27A of the Securities Act of 1933, as amended, and the Private Securities Litigation Reform Act of 1995. Forward-looking statements are not historical in nature, but rather are predictive of our future operations, financial condition, financial results, business strategies and pro ...

Par Technology Corporation (NYSE:PAR) Q4 2021 Earnings Conference Call March 1, 2022 4:30 PM ET Company Participants Savneet Singh – Chief Executive Officer, President Chris Byrnes – Vice President, Business Development Bryan Menar – Chief Financial Officer Conference Call Participants Mayank Tandon – Needham Stephen Sheldon – William Blair Samad Samana – Jefferies George Sutton – Craig-Hallum Adam Wyden – ADW Capital Anja Soderstrom – Sidoti Operator Good day and thank you for standing by. Welcome to the F ...