PAR Technology Corporation Announces Financial Results for the First Quarter Of 2020

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Go back to PAR Technology Corporation Announces Financial Results for the First Quarter Of 2020

PAR Technology (PAR) Misses Q1 EPS by 1c, Revenues Beat

May 7, 2020 6:02 PM EDT

PAR Technology (NYSE: PAR) reported Q1 EPS of ($0.28), $0.01 worse than the analyst estimate of ($0.27). Revenue for the quarter came in at $54.7 million versus the consensus estimate of $53.82 million.

Summary of First Quarter 2020

Revenues were reported at $54.7 million for the first quarter of 2020, an increase of 22.4%, compared to $44.7 million for the same period in 2019.GAAP net loss for the first quarter of 2020 was $10.9 million, or $0.61 loss per share, an increase from the GAAP net loss of $2.7 million, or $0.17 loss per share reported for the same period in 2019.Non-GAAP net... More