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Management s Discussion and Analysis of Financial Condition and Results of Operations and elsewhere in this Annual Report and in our other filings with the Securities and Exchange Commission (the SEC ). BUSINESS Overview PAR is a leading foodservice technology company providing omnichannel cloud-based software and hardware solutions to the restaurant industry in three major restaurant categorie…
The business is unprofitable at the operating level (-15.10% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue up 30.2% YoY with margins expanding 7.5pp.
Negative free cash flow of -$30M. The business is consuming cash, not generating it.
Profitability & Returns
Revenue (TTM)
$476M
▲ +30.2% YoY
Net Income (TTM)
-$76M
▼ -1593.6% YoY
Op. Margin
-14.07%
▲ +7.5pp YoY
ROIC
-4.24%
▲ +2.0pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
-$30M
▼ -16.3% YoY
Op. Cash Flow (TTM)
-$27M
▼ -7.6% YoY
Net Debt
$356M
Cash & Equiv.
$78M
5Y CAGR: +16.3%
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