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.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.