PAR Technology Corporation (NYSE: PAR) has announced that its Chief Executive Officer, Savneet Singh, will be presenting at the William Blair 46th Annual Growth Stock Conference, scheduled for June 3rd.
According to the company's announcement, Singh's presentation is set for 9:40 a.m. Eastern Time on June 3rd. Following the presentation, the PAR management team will be available for one-on-one meetings with investors and analysts. A live webcast of the presentation will be accessible through the investor relations section of the company's website, with a replay made available after the event concludes.
PAR Technology is a global technology company that provides a unified operations platform for multi-unit brands in the restaurant, retail, and high-volume commerce sectors. Its platform integrates mission-critical software such as point-of-sale systems, digital ordering, loyalty management, payments, and back-office functions, along with hardware and data services. This integration enables real-time decision-making and workflow coordination across systems, locations, and customer touchpoints.
For the first quarter of 2026, PAR reported revenue of $124 million, representing a 19% year-over-year increase. Subscription services revenue grew 15% to $79 million, accounting for 63% of total revenue. Hardware revenue increased 34% to $29 million, and professional services revenue rose 19% to $16 million. The company's annualized recurring revenue reached $330 million, up 16% from the prior year.
On the profitability front, the company reported non-GAAP net income of $3.9 million, or $0.10 per share, marking a significant improvement from a net loss of $0.2 million in the same period last year. Adjusted EBITDA was $8.9 million, an increase of $4.4 million year-over-year, marking the fifth consecutive quarter of sequential growth.
Management has introduced formal financial guidance, projecting full-year 2026 revenue to be in the range of $500 million to $515 million, with adjusted EBITDA expected between $44 million and $47 million. The company highlighted that its AI platform, PAR Intelligence, is now operational at nearly 1,700 retail locations and is set to begin its initial commercial monetization this year.
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