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PAR - PAR Technology Q1: Showcasing Stronger Business Fundamentals
PAR Technology Corporation
2024-05-15 10:45:05 ET
Summary
PAR experienced a notable increase in operating losses for the quarter. I believe this does not warrant a concern.
PAR's expansion of its market share is underscored by the increasing number of active sites. This, combined with the growth ARPU, has resulted in sequential growth in ARR.
I've raised my concerns over Punchh's performance.
Since my last valuation, I have made upward revisions to my FY25 revenue projection, and my valuation indicates PAR is trading reasonably with a 7.8% upside.
Considering PAR's improving fundamentals, and reasonable valuation, I maintain my "Buy" rating.