PAR Technology (PAR) Misses Q3 EPS by 5c

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PAR Technology Corporation Announces 2019 Third Quarter Results and Announces Plans to Acquire Industry Leading Restaurant Backoffice Software Provider - Restaurant Magic

November 7, 2019 4:00 PM EST

NEW HARTFORD, N.Y.--(BUSINESS WIRE)-- PAR Technology Corporation (NYSE: PAR) ("PAR Technology" or the "Company") today announced its results for its third quarter ended September 30, 2019.

Summary of Fiscal 2019 Third Quarter and Year-to-Date Financial Results

Revenues were reported at $45.4 million for the third quarter of 2019, compared to $46.4 million for the same period in 2018, a 2.2% decrease. GAAP net loss for the third quarter of 2019 was $5.9 million, or $0.36 loss per share, a decrease from the GAAP net loss of $16.7 million, or $1.04 loss per share reported... More