PAR Technology reported second-quarter revenue of $133.4 million, up 18.7% year over year, and raised its full-year guidance for both revenue and adjusted EBITDA. Annual recurring revenue reached $338.0 million, a 17% increase, with organic ARR growth of 12.3%. Adjusted EBITDA was $14.3 million, an improvement of $8.7 million from the prior year, and the company now expects full-year revenue of $516.0 million to $523.0 million and adjusted EBITDA of $50.0 million to $53.0 million. CEO Savneet Singh highlighted that nearly all new customer engagements involve multiple products, and the company reached 20,000 live sites for its PAR Intelligence platform, with plans to add another 20,000 in the third quarter.
PAR Technology CorporationRaises full-year guidance after strong Q2 revenue and EBITDA beat.
