Last $4.87 USD
Change Today -0.03 / -0.61%
Volume 30.2K
PAR On Other Exchanges
Symbol
Exchange
New York
As of 4:15 PM 10/1/14 All times are local (Market data is delayed by at least 15 minutes).

par technology corp/del (PAR) Snapshot

Open
$4.90
Previous Close
$4.90
Day High
$4.94
Day Low
$4.80
52 Week High
11/18/13 - $5.92
52 Week Low
08/5/14 - $3.75
Market Cap
76.1M
Average Volume 10 Days
35.5K
EPS TTM
$-0.04
Shares Outstanding
15.6M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for PAR TECHNOLOGY CORP/DEL (PAR)

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par technology corp/del (PAR) Details

PAR Technology Corporation, through its subsidiaries, primarily provides technology solutions to businesses and organizations in the hospitality industry worldwide. The company operates in two segments: Hospitality and Government. The Hospitality segment offers software applications, hardware platforms and installation, and lifecycle support services; hardware services, including point-of-sale (POS) terminals, kitchen systems utilizing printers and/or video monitors, and a range of food safety monitoring tools; and software services, such as front-of-store POS software applications, operations management software applications, and enterprise software applications for content management and business intelligence to restaurants, retail, and hotels. The Government segment offers command, control, communications, computers, intelligence, surveillance, and reconnaissance support to U.S. Department of Defense and other federal agencies. This segment also provides technical services that support satellite operations and communications, battlefield networks, the global information grid, and various other information technology requirements. The company was founded in 1968 and is headquartered in New Hartford, New York.

1,301 Employees
Last Reported Date: 03/14/14
Founded in 1968

par technology corp/del (PAR) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $362.5K
Chief Operating Officer and Executive Vice Pr...
Total Annual Compensation: $207.7K
President of PAR Government Systems Corporati...
Total Annual Compensation: $275.0K
Compensation as of Fiscal Year 2013.

par technology corp/del (PAR) Key Developments

PAR Technology Corporation Terminates Existing Credit Facilities with J.P. Morgan Chase and NBT Bank

On September 9, 2014, PAR Technology Corporation terminated its existing credit facilities with J.P. Morgan Chase, N.A. and NBT Bank, N.A. (on behalf of itself and as successor by merger to Alliance Bank, N.A.) consisting of $20,000,000 in working capital lines of credit, and the Company and its domestic subsidiaries entered into a new three-year credit facility with J.P. Morgan Chase, N.A. The terms of the new agreement provide for up to $25,000,000 of a line of credit, with borrowing availability based on a percentage of value of various assets of the Company and such subsidiaries. The new agreement bears interest at the applicable bank rate or, at the Company's option, at the LIBOR rate plus the applicable interest rate spread. The new agreement contains traditional asset based loan covenants and includes covenants regarding earnings before interest, tax, depreciation & amortization and a fixed charge coverage ratio, and provides for acceleration upon the occurrence of customary events of defaults.

PAR Technology Corporation Announces Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014

PAR Technology Corporation announced consolidated earnings results for the second quarter and six months ended June 30, 2014. PAR reported revenues from continuing operations of $57.4 million and net loss of $519,000 or $0.03 loss per share. On a non-GAAP basis, the company's net loss from continuing operations for the second quarter was $336,000 or $0.02 loss per share. During the second quarter of 2013, PAR reported revenue from continuing operations of $59.5 million and net income of $248,000 or $0.02 per diluted share. On a non-GAAP basis, the company's net income from continuing operations was $302,000 or $0.02 per diluted share for the second quarter of 2013. Operating loss from continuing operations was $1,013,000 against income of $259,000 a year ago. Loss from continuing operations before (provision) benefit for income taxes was $632,000 against income of $501,000 a year ago. Loss from continuing operations was $519,000 or $0.03 per diluted share against income of $248,000 or $0.02 per diluted share a year ago. Non-GAAP net revenue was $57,402,000 against $59,516,000 a year ago. Non-GAAP operating loss from continuing operations was $735,000 against income of $341,000 a year ago. Non-GAAP loss from continuing operations before (provision) benefit for income taxes was $354,000 against income of $583,000 a year ago. Non-GAAP loss from continuing operations was $336,000 or $0.02 per diluted share against income of $302,000 or $0.02 per diluted share a year ago. For the six months period, the company reported net revenues of $113,943,000 against $126,190,000 a year ago. Operating loss from continuing operations was $2,127,000 against $916,000 a year ago. Loss from continuing operations before (provision) benefit for income taxes was $1,841,000 against $721,000 a year ago. Loss from continuing operations was $1,508,000 or $0.10 per diluted share against $121,000 or $0.02 per diluted share a year ago. Net loss was $1,508,000 against $327,000 a year ago. Non-GAAP net revenue was $113,943,000 against $126,190,000 a year ago. Non-GAAP operating loss from continuing operations was $1,325,000 against income of $12,000 a year ago. Non-GAAP loss from continuing operations before (provision) benefit for income taxes was $1,039,000 against income of $207,000 a year ago. Non-GAAP loss from continuing operations was $979,000 or $0.06 per diluted share against income of $491,000 or $0.03 per diluted share a year ago. Non-GAAP net loss was $979,000 or $0.06 per diluted share against income of $285,000 or $0.02 per diluted share a year ago.

PAR Technology Corporation Appoints Todd E. Tyler to Board of Directors as a Member of Audit and Compensation Committees and Chairman of the Nominating/Corporate Governance Committees

PAR Technology Corporation announced that Todd E. Tyler has been appointed to the company's Board of Directors. Mr. Tyler was the Chief Executive Officer, President and member of the Board of Directors at Lanyon Inc. Mr. Tyler will serve as a member of the company's Audit and Compensation Committees and Chairman of the Nominating/Corporate Governance Committees.

 

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Industry Analysis

PAR

Industry Average

Valuation PAR Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 0.3x
Price/Book 1.1x
Price/Cash Flow NM Not Meaningful
TEV/Sales 0.3x
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