AP NEWS

PAR Technology: 4Q Earnings Snapshot

March 12, 2020 GMT

NEW HARTFORD, N.Y. (AP) _ PAR Technology Corp. (PAR) on Thursday reported a loss of $5.8 million in its fourth quarter.

On a per-share basis, the New Hartford, New York-based company said it had a loss of 35 cents. Losses, adjusted for non-recurring costs, were 27 cents per share.

The software provider for the hospitality industry posted revenue of $52.9 million in the period.

For the year, the company reported that its loss narrowed to $15.6 million, or 96 cents per share. Revenue was reported as $187.2 million.

PAR Technology shares have decreased 50% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $15.48, a decline of 38% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PAR at https://www.zacks.com/ap/PAR