NEW HARTFORD — PAR Technology Corp. (NYSE: PAR) reported net income of $248,000, or 2 cents per share, during the second quarter. That’s an improvement from a net loss of $511,000, or 3 cents a share, in the second quarter of 2012.
In the second quarter, PAR generated revenue from continuing operations of more than $59 million, which is down from the more than $62 million it produced in the year-earlier quarter, the company said.
PAR’s focus in the second quarter was on improving its operating performance and “building a foundation for future revenue growth and improved performance,” Ronald Casciano, president and CEO of PAR, said in a news release.
(Sponsored)
The New Rule for Independent Contractors – Are You Ready?
Effective March 11, 2024, the US Department of Labor will change the analysis it uses to determine whether an individual is an employee or independent contractor under the Fair Labor
Important Tax Law Changes To Be Aware Of
Effective planning for your construction business not only includes understanding the items that impact your operations but also the results that taxation on your profits will have on your net
“We are pleased that we are making progress to achieve this goal. Although impacted by lower year over year government-contract revenue, the second quarter results reflect our efforts to energize our customer and partner base as evidenced by our product-revenue growth in the quarter in our hospitality-technology business,” Casciano said.
Based in New Hartford, PAR provides hardware and software to the hospitality industry. Products from PAR also can be found in retailers, cinemas, cruise lines, stadiums, and food service companies. PAR’s government business provides computer-based system design, engineering, and technical services to the U.S. Department of Defense and various federal agencies.
Contact Reinhardt at ereinhardt@cnybj.com
