TheTickerDesk
Oct 20, 11:53 PM
$PAR Q2 (reported Aug 6) pulled in two directions.
Positives: revenue
$133.4M, up 19%. Recurring revenue
$338M, up 17%. Adjusted EBITDA
$14.3M vs
$5.5M a year ago. Full-year guidance raised.
Watch items: GAAP net loss
$16.9M, operations used about
$9M cash in H1, long-term debt about
$422M vs
$77M cash, and overall gross margin slipped to 42.4% from 45.4% as hardware grew faster than subscriptions.
Shares are at less than half the 52-week high. Next catalyst: Q3 report (date not confirmed by the company, data sites estimate Nov 5).
Holders: which matters more to you here, the adjusted profit growth or the debt?
Disclosure: I own PAR shares. General opinion, not advice.
- The Ticker Desk
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