PAR Technology Corporation Announces 2018 Third Quarter Results

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Go back to PAR Technology Corporation Announces 2018 Third Quarter Results

PAR Technology (PAR) Reports Q3 Loss of $0.06

November 7, 2018 4:01 PM EST

PAR Technology (NYSE: PAR) reported Q3 EPS of ($0.06). Revenue for the quarter came in at $46.4 million.

Revenues were reported at $46.4 million for the third quarter of 2018, compared to $48.9 million for the same period in 2017, a 5.3% decrease.GAAP net loss for the third quarter of 2018 was $16.7 million, or $1.04 loss per diluted share, compared to the GAAP net loss of $1.5 million, or $0.10 loss per diluted share reported for the same period in 2017. GAAP net loss was impacted by a one-time $14.9 million valuation allowance recorded to reduce the... More