PAR Technology Q1 revenue beats estimates, raises full-year guidance

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Summary · why it matters

PAR Technology reported first-quarter revenues of $124 million, up 19.4% year on year and exceeding analysts' expectations by 6.3%. The company also achieved the highest full-year guidance raise among the eight specialized technology stocks tracked. Adjusted EBITDA doubled to $9 million, demonstrating increasing operating leverage. The stock is up 9.4% since reporting and currently trades at $16.40.

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