- A business transformation toward a cloud-based software solution provider from on-premises software applications has accelerated PAR's growth in recent times.
- The annual recurring revenue has grown by 27% in the past year.
- Sales to the government sector have also increased following higher contract backlog and increased revenues from intelligence, surveillance, and reconnaissance services.
- Its free cash flow wasnegative in 9M 2020, while the debt-to-equity ratio is high; however, with themajority of the debt maturing after 2024, it has limited financial risks.
For further details see:
PAR Technology Offers Short-Term Growth