PAR Technology Corporation (NYSE:PAR) Q2 2023 Results Conference Call August 9, 2023 4:30 PM ET

Company Participants

Christopher Byrnes - Senior Vice President of Business Development

Savneet Singh - Chief Executive Officer

Bryan Menar - Chief Financial Officer

Conference Call Participants

Jeremy Sahler - Jefferies

Eric Martinuzzi - Lake Street Capital Markets

Will Nance - Goldman Sachs

Patrick Mcilwee - William Blair

Adam Kelsey - Craig-Hallum

Adam Wyden - ADW Capital

Andrew Harte - BTIG

Operator

Good day and thank you for standing by. Welcome to PAR Technologies’ Second Quarter 2023 Financial Results. At this time, all participants are in a listen-only mode. After the speakers’ presentation, there will be a question-and-answer session. [Operator Instructions] Please be advised, today’s conference is being recorded.

I would now like to hand the conference over to your speaker today, Chris Byrnes, Senior Vice President of Business Development.

Christopher Byrnes

Thank you, James, and good afternoon, everyone. Thank you for joining us for PAR Technologies second quarter 2023 financial results call. Our earnings press release was issued at the close of market this afternoon and is posed on our website.

With me on the call today are Savneet Singh, PAR’s Chief Executive Officer; and Bryan Menar, the company’s Chief Financial Officer. After preliminary remarks, we will open the call to a question-and-answer session.

During this call we may make statements related to our business that would be considered forward-looking statements under Federal Securities laws, including projections of future operating results. Due to a number of factors, actual results may differ materially from those set forth in such statements. These factors are set forth in the earnings press release that we issued today under caption forward-looking statements, and these and other important risk factors are described more fully in our reports filed with the Securities and Exchange Commission. We encourage all investors to read our SEC filings.

Additionally, non-GAAP financial measures will be discussed on this conference call. A reconciliation for the most directly comparable GAAP financial measures is also available in our second quarter 2023 earnings press release and investor presentation, which can be found at www.partech.com in the Investor Relations page.

With that, I would like to turn the call over to our Chief Executive Officer, Savneet Singh. Savneet.

Savneet Singh

Thanks, Chris and good afternoon. In the second quarter, PAR again delivered strong results. Restaurants of all types and at all stages are using PAR as their growth enabler, leveraging our offerings to create a more seamless, cost effective and simpler infrastructure.