PAR(US:PAR)2022-03-02 05:12Financial Performance - Total net revenues for Q4 2021 were $816 million, a 394% increase compared to $58516 million in Q4 2020[8] - Product revenue increased by 479% from $21791 million in Q4 2020 to $32228 million in Q4 2021[8] - Service revenue increased by 669% from $18332 million in Q4 2020 to $30594 million in Q4 2021[8] - Total gross margin increased by 1471% from $7528 million in Q4 2020 to $18604 million in Q4 2021[8] - Net loss was $(25639) million in Q4 2021, compared to $(12965) million in Q4 2020[8] ARR Growth - Total ARR grew 164% year-over-year from Q4 2020[12] - Live ARR reached $882 million[40] - Contracted ARR totaled over $111 million at the end of Q4 2021[12, 40] Subscription Metrics - Adjusted Subscription Gross Margin expanded to 70% in Q4 2021[18] - Subscription Margins were $537 million annualized in Q4 2021[19] Platform Performance - Brink POS ARR increased 30% from Q4 2020[12, 22] - Punchh ARR increased 47% from Q4 2020[12, 28] - Brink POS active sites increased 35% from Q4 2020, totaling approximately 15800 sites[25] - Punchh active sites increased 36% from Q4 2020[31]