PAR Technology (NYSE: PAR) reported Q2 EPS of ($0.04). Revenue for the quarter came in at $52.6 million.

• Revenues were reported at $52.6 million for the second quarter of 2018, compared to $62.3 million for the same period in 2017, a 15.6% decrease.
• GAAP net loss for the second quarter of 2018 was $1.3 million, or $0.08 loss per diluted share, a decrease from the GAAP net income of $2.0 million, or $0.12 earnings per diluted share reported for the same period in 2017.
• Non-GAAP net loss for the second quarter of 2018 was $0.7 million, or $0.04 loss per diluted share, compared to non-GAAP net income of $2.6 million, or $0.16 earnings per diluted share, for the same period in 2017.
• Revenues were reported at $108.2 million for the first six months of 2018, compared to $128.1 million for the same period in 2017, a 15.5% decrease.
• GAAP net loss for the first six months of 2018 was $1.3 million, or $0.08 loss per diluted share, a decrease from the GAAP net income of $3.4 million, or $0.21 earnings per diluted share reported for the same period in 2017.
• Non-GAAP net income for the first six months of 2018 was $0.0 million, or $0.00 per diluted share, compared to non-GAAP net income of $4.9 million, or $0.30 earnings per diluted share, for the same period in 2017.

PAR Technology’s CEO & President, Dr. Donald H. Foley commented, “Over the past several quarters, we have made substantial investments in our Brink development, as well as our Brink sales and marketing teams, as we continue the transition to a software led solutions company. This quarter is no different. As evidence, our SaaS revenues increased 66% over the same quarter last year. Our Government segment had another strong quarter as revenues increased 22% over the same period in 2017 and we reported contract margins of 11.7% in the quarter.”

For earnings history and earnings-related data on PAR Technology (PAR) click here.