PAR Technology (NYSE:PAR) stock is soaring 5.03% in pre-market trading on Friday following the release of its first-quarter 2025 financial results. The company reported a narrower-than-expected loss, demonstrating significant improvement from the previous year.

PAR Technology announced a non-GAAP net loss of $0.01 per diluted share for Q1 2025, surpassing analysts' expectations of a $0.02 loss per share. This result marks a substantial improvement from the $0.47 loss per share reported in the same quarter last year. The company's revenue for the quarter reached $103.9 million, slightly below the consensus estimate of $104.8 million, but still representing a notable increase from $70.1 million in the year-ago period.

Investors appear to be responding positively to PAR Technology's progress in narrowing its losses and growing its revenue. The better-than-expected earnings results, despite the marginal revenue miss, suggest that the company's cost management strategies and operational improvements are yielding positive outcomes. As PAR Technology continues to navigate the competitive landscape of restaurant point-of-sale and management software, this financial performance could indicate a strengthening market position and improved future prospects.