Core Insights - Jack's Family Restaurants has expanded its partnership with PAR Technology to enhance digital capabilities and streamline operations across its approximately 300 locations in the US [1][3] - The collaboration aims to create a more connected experience for customers and staff, supporting the brand's growth strategy [1][2] Group 1: Partnership Details - The new agreement broadens the existing relationship, integrating point-of-sale, payments, loyalty, and hardware into a single enterprise platform [3] - Jack's has been collaborating with PAR since 2019, initially through the loyalty platform PAR Punchh [2] Group 2: Technology and Operations - The deployment of PAR systems, including PAR POS and PAR Pay, is designed to simplify operations and improve payment experiences [2][3] - The technology is built for scalability, featuring an intuitive POS and durable hardware to ensure reliable service during peak times [3] Group 3: Company Background - Jack's Family Restaurants originated in 1960 in Homewood, Alabama, and has since grown to over 280 outlets across five US states [4] - The CEO of PAR Technology highlighted Jack's as an ideal partner due to its focus on growth and guest service quality [4]

Financial Performance - PAR's Q1 2025 total ARR reached $282.1 million[12,48] - The company achieved 18% organic ARR growth year-over-year[18,24] - Total ARR growth was 52% year-over-year[25,39] - Non-GAAP subscription service gross margin percentage improved to 69.1% in Q1 2025, up from 65.7% in Q1 2024, a 340 basis point increase[18,32,41] - Non-GAAP consolidated gross margin percentage increased by 860 basis points year-over-year to 54.2%[33,42] - Adjusted EBITDA was $4.5 million in Q1 2025, a $14.7 million increase from Q1 2024's $(10.201) million[18,39,44] - Subscription service revenue increased by 78% from $38.379 million in Q1 2024 to $68.410 million in Q1 2025[36,39] Business Growth & Strategy - Operator Cloud ARR grew by 49% year-over-year[28] - Engagement Cloud ARR grew by 54% year-over-year[29] - The company emphasizes cross-selling to leverage revenue opportunities[18] - Strategic M&A activities, including acquisitions of PAR Retail, TASK Group, and Delaget, have expanded PAR's total addressable market (TAM)[18]