PAR Technology Corporation reported unaudited consolidated earnings results for the first quarter ended March 31, 2013. The company reported first quarter revenues of $66.7 million and a net loss from continuing operations of $0.369 million or $0.02 net loss per share. This compares with prior year first quarter revenue of $55.6 million and net income from continuing operations of $1.0 million or $0.07 per diluted share. On a non-GAAP basis, the company's net income from continuing operations for the first quarter was $0.178 million or $0.01 per diluted share. Operating loss from continuing operations was $1.17 million against operating income from continuing operations was $1.22 million a year ago. Loss from continuing operations was $0.369 million or $0.02 basic and diluted per share against income from operating activities of $1.03 million or $0.07 basic and diluted per share a year ago. Net loss $0.384 million or $0.03 basic and diluted per share against net profit of $2.46 million or $0.16 basic and diluted per share a year ago. Non-GAAP operating loss from continuing operations was $0.29 million. Non-GAAP income from operating activities was $0.17 million. Non-GAAP net income of $0.163 million or $0.01 diluted per share. Product revenues in the quarter were $23.9 million, an increase of 19% compared to First Quarter 2012. This growth was due to domestic increases to CKE Restaurants, worldwide sales to Yum! Bands, and international sales to McDonald's. Capital expenditures were $845,000, the majority of which related to capitalized software.

PAR Technology Corporation, Q1 2013 Earnings Call, May 01, 2013

PAR Technology Corporation announced that they will report Q1, 2013 results at 4:00 PM, US Eastern Standard Time on May 01, 2013