Form 8-K
8-K — PAR TECHNOLOGY CORP
Accession: 0000708821-26-000076
Filed: 2026-05-07
Period: 2026-05-07
CIK: 0000708821
SIC: 3578 (CALCULATING & ACCOUNTING MACHINES (NO ELECTRONIC COMPUTERS))
Item: Results of Operations and Financial Condition
Item: Regulation FD Disclosure
Item: Financial Statements and Exhibits
Documents
8-K — par-20260507.htm (Primary)
EX-99.1 (aex991earningsreleasexq120.htm)
EX-99.2 (earningspresentation-q12.htm)
GRAPHIC (earningspresentation-q12001.jpg)
GRAPHIC (earningspresentation-q12002.jpg)
GRAPHIC (earningspresentation-q12003.jpg)
GRAPHIC (earningspresentation-q12004.jpg)
GRAPHIC (earningspresentation-q12005.jpg)
GRAPHIC (earningspresentation-q12006.jpg)
GRAPHIC (earningspresentation-q12007.jpg)
GRAPHIC (earningspresentation-q12008.jpg)
GRAPHIC (earningspresentation-q12009.jpg)
GRAPHIC (earningspresentation-q12010.jpg)
GRAPHIC (earningspresentation-q12011.jpg)
GRAPHIC (earningspresentation-q12012.jpg)
GRAPHIC (earningspresentation-q12013.jpg)
GRAPHIC (earningspresentation-q12014.jpg)
GRAPHIC (earningspresentation-q12015.jpg)
GRAPHIC (newparlogo.jpg)
GRAPHIC (par-20260507_g1.jpg)
XML — IDEA: XBRL DOCUMENT (R1.htm)
8-K
8-K (Primary)
Filename: par-20260507.htm · Sequence: 1
par-20260507
false000070882100007088212026-05-072026-05-07
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of report (Date of earliest event reported): May 7, 2026
PAR Technology Corporation
(Exact name of registrant as specified in its charter)
Delaware
1-09720
16-1434688
(State or other jurisdiction of incorporation)
(Commission File Number)
(IRS Employer Identification No.)
PAR Technology Park, 8383 Seneca Turnpike, New Hartford, New York 13413-4991
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (315) 738-0600
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
☐
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each class Trading Symbol Name of each exchange on which registered
Common Stock PAR New York Stock Exchange
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 2.02 Results of Operations and Financial Condition.
On May 7, 2026, PAR Technology Corporation (the “Company”) issued a press release to report its financial results for the quarter ended March 31, 2026. A copy of the press release is attached to this current report on Form 8-K as Exhibit 99.1.
Item 7.01 Regulation FD Disclosure.
There will be a conference call at 4:30 p.m. (Eastern) on May 7, 2026, during which management will discuss the Company’s financial results for the first quarter ended March 31, 2026. The conference call will be webcast live. To access the webcast, please visit the Investor Relations section of the Company's website at www.partech.com/investor-relations/. A recording of the webcast will be available on this site after the event.
The Company's quarterly earnings presentation containing additional information for the quarter ended March 31, 2026 is attached to this current report on Form 8-K as Exhibit 99.2.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
Exhibit No. Exhibit Description
99.1
PAR Technology Corporation Press Release dated May 7, 2026
99.2
PAR Technology Corporation Earnings Presentation dated May 7, 2026
104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
PAR TECHNOLOGY CORPORATION
(Registrant)
Date: May 7, 2026
/s/ Bryan A. Menar
Bryan A. Menar
Chief Financial Officer
(Principal Financial Officer)
EX-99.1
EX-99.1
Filename: aex991earningsreleasexq120.htm · Sequence: 2
Document
Exhibit 99.1
FOR RELEASE:
CONTACT:
New Hartford, NY, May 7, 2026
Christopher R. Byrnes (315) 743-8376
chris_byrnes@partech.com, www.partech.com
PAR TECHNOLOGY CORPORATION ANNOUNCES FIRST QUARTER 2026 RESULTS
•Annual Recurring Revenue (ARR)(1) grew to $330.1 million - total growth of 16% inclusive of organic growth of 11% from $283.6 million reported in Q1 '25
•Quarterly subscription service revenues increased 15% year-over-year, inclusive of organic growth of 14% from Q1 '25
•PAR completed its acquisition of the identity resolution and shopper intelligence platform Bridg, contributing $14.4 million ARR in Q1'26
New Hartford, NY - May 7, 2026 -- PAR Technology Corporation (NYSE: PAR) (“PAR Technology” or the “Company”) today announced its financial results for the first quarter ended March 31, 2026.
"We delivered a strong start to 2026, with 19% year-over-year revenue growth and adjusted EBITDA doubling to $9 million, demonstrating increasing operating leverage as the platform scales,” said Savneet Singh, Chief Executive Officer of PAR Technology. “Execution across the business is translating into improved profitability while we continue to invest in durable, high‑return growth. With the introduction of PAR Intelligence, we are embedding AI into mission‑critical workflows, deepening customer value, markedly expanding our TAM, and reinforcing PAR’s position as a long‑term category leader."
Q1 2026 Financial Highlights(2)
(in millions, except % and per share amounts) GAAP
Non-GAAP(1)
Q1 2026 Q1 2025 vs. Q1 2025 Q1 2026 Q1 2025 vs. Q1 2025
Revenue $124.0 $103.9
better 19.4%
Net Loss from Continuing Operations/Adjusted EBITDA $(16.2) $(24.5)
better $8.4 million
$8.9 $4.5
better $4.4 million
Diluted Net (Loss) Income Per Share from Continuing Operations $(0.39) $(0.61)
better $0.22
$0.10 $(0.01)
better $0.11
Subscription Service Gross Margin Percentage 55.6% 57.8%
worse 220 bps
65.6% 69.1%
worse 350 bps
The Company's key performance indicators ARR and Active Sites(1) are presented as two subscription service product lines:
•Engagement Cloud consisting of PAR Engagement (Punchh and PAR Ordering), PAR Retail, Plexure, and Bridg product offerings.
•Operator Cloud consisting of PAR POS, PAR Pay, PAR OPS (Data Central and Delaget), and TASK product offerings.
Highlights of Engagement Cloud - First Quarter 2026(1):
•ARR at end of Q1 '26 totaled $198.3 million
•Active Sites as of March 31, 2026 totaled 139.0 thousand
Highlights of Operator Cloud - First Quarter 2026(1):
•ARR at end of Q1 '26 totaled $131.8 million
•Active Sites as of March 31, 2026 totaled 60.3 thousand
1
Outlook(3)
PAR is providing financial guidance for the first time to enhance investor transparency.
For the second quarter ending June 30, 2026, PAR expects to report:
•Total revenue in the range of $122.5 million to $127.5 million
•Adjusted EBITDA in the range of $9.5 million to $11.5 million
For fiscal year 2026, PAR expects to report:
•Total revenue in the range of $500.0 million to $515.0 million
•Adjusted EBITDA in the range of $44.0 million to $47.0 million
The outlook provided above constitutes forward-looking information within the meaning of applicable securities laws and is based on a number of assumptions and subject to a number of risks. Actual results could vary materially as a result of numerous factors. See cautionary note regarding “Forward-Looking Statements” below.
(1) See “Key Performance Indicators and Non-GAAP Financial Measures” for descriptions of key performance indicators and non-GAAP financial measures, and reconciliations of non-GAAP financial measures to corresponding GAAP financial measures. Amounts presented in the reconciliations and other tables presented herein may not sum due to rounding.
(2) Results exclude historical results from our Government segment which are reported as discontinued operations.
(3) Neither net loss, the most directly comparable GAAP financial measure to adjusted EBITDA, nor a reconciliation of adjusted EBITDA to net loss is available on a forward-looking basis without unreasonable efforts because certain required information is unknown, out of our control, or cannot be reasonably predicted. These items include, but are not limited to, stock-based compensation expense, transaction and integration costs related to acquisitions, severance costs related to restructuring events, and debt extinguishment activity. For the same reasons, the Company is unable to assess the probable significance of the unavailable information, which could have a material impact on its future GAAP financial results.
Earnings Conference Call.
There will be a conference call at 4:30 p.m. (Eastern) on May 7, 2026, during which management will discuss the Company's financial results for the first quarter ended March 31, 2026. The conference call will be webcast live. To access the webcast, please visit the Investor Relations section of the Company's website at www.partech.com/investor-relations/. A recording of the webcast will be available on this site after the event.
About PAR Technology Corporation.
PAR Technology Corporation (NYSE: PAR) delivers an agentic operating platform that enables smarter, more consistent operations for multi‑unit brands across restaurant, retail, and high‑volume commerce. PAR’s platform brings together mission‑critical software—point of sale, digital ordering, loyalty, payments, and back‑office systems—along with hardware and data to orchestrate decisions and workflows across systems, locations, and guest touchpoints in real time. Designed to drive measurable outcomes, PAR helps brands improve efficiency, deliver better experiences, and make every store more profitable. Learn more at partech.com.
Key Performance Indicators and Non-GAAP Financial Measures.
We monitor certain key performance indicators and non-GAAP financial measures in the evaluation and management of our business; certain key performance indicators and non-GAAP financial measures are provided in this press release because we believe they are useful in facilitating period-to-period comparisons of our business performance. Key performance indicators and non-GAAP financial measures do not reflect and should be viewed independently of our financial performance determined in accordance with GAAP. Key performance indicators and non-GAAP financial measures are not forecasts or indicators of future or expected results and should not have undue reliance placed upon them by investors.
Where non-GAAP financial measures are included in this press release, the most directly comparable GAAP financial measures and a detailed reconciliation between GAAP and non-GAAP financial measures is included in this press release under “Non-GAAP Financial Measures”.
2
Unless otherwise indicated, financial and operating data included in this press release is as of March 31, 2026.
As used in this press release,
“Annual Recurring Revenue” or “ARR” is the annualized revenue from subscription services, including subscription fees for our SaaS solutions and related software support, managed platform development services, and transaction-based payment processing services. We generally calculate ARR by annualizing the monthly recurring revenue for all Active Sites as of the last day of each month for the respective reporting period. Our reported ARR is based on a constant currency, using the exchange rates established at the beginning of the year and consistently applied throughout the period and to comparative periods presented.
“Active Sites” represent locations active on PAR’s subscription services as of the last day of the respective reporting period.
Trademarks.
“PAR®,” “PAR POSTM”, “Punchh®,” “PAR OrderingTM”, "PAR OPS®," “Data Central®," “DelagetTM,” "PAR RetailTM", "PAR® Pay”, and other trademarks identifying our products and services appearing in this press release belong to us. Solely for convenience, our trademarks referred to in this press release may appear without the ® or TM symbols, but such references are not intended to indicate in any way that we will not assert, to the fullest extent under applicable law, our rights to these trademarks.
Forward-Looking Statements.
This press release contains forward-looking statements made pursuant to the safe harbor provisions of Section 21E of the Securities Exchange Act of 1934, as amended, Section 27A of the Securities Act of 1933, as amended, and the Private Securities Litigation Reform Act of 1995, and the accuracy of such statements is necessarily subject to risks, uncertainties and assumptions as to future events that may not prove to be accurate. Forward-looking statements can be identified by words such as “believe,” “could,” “would,” “should,” “will,” “continue,” “anticipate,” “expect,” “path,” “plan,” “intend,” “estimate,” “future,” “may,” “potential,” and similar expressions. These statements include, but are not limited to, express or implied forward-looking statements relating to: our future financial performance, including revenues, gross margins, expenses, cash flows, and other financial measures and key performance indicators; the plans, strategies and objectives of management relating to our growth, results of operations, and financial performance, including service and product offerings, the development, demand, market share, and competitive performance of our products and services; the availability and terms of product and component supplies for our hardware products; anticipated benefits of acquisitions, divestitures, and capital markets transactions; and macroeconomic trends, geopolitical events, tariffs, and trade disputes and the expected impact of those trends and events on our business, results of operations, and financial performance. These statements are neither promises nor guarantees but are subject to a variety of risks and uncertainties, many of which are beyond our control, which could cause actual results to differ materially from those contemplated in these forward-looking statements.
Factors, risks, trends and uncertainties that could cause actual results to differ materially from those expressed or implied by forward-looking statements include our ability to successfully develop or acquire and transition new products and services and enhance existing products and services to meet evolving customer needs and respond to emerging technological trends, including our effective use of AI in product development and integration of AI tools into our product and service offerings; our ability to add and retain Active Sites and integration partners; our ability to successfully integrate acquisitions into our operations, and realize the anticipated benefits; macroeconomic trends, such as a recession or slowed economic growth, fluctuating interest rates, inflation, and changes in consumer confidence and discretionary spending; geopolitical events affecting countries where we operate or our customers or suppliers operate, including changes in import/export regulations, such as tariffs, and trade disputes involving the United States and those countries; our ability to retain and manage suppliers, secure alternative suppliers, and manage inventory levels and costs, navigate manufacturing disruptions or logistics challenges, shipping delays, and shipping costs; and the other factors discussed in our most recent Annual Report on Form 10-K and our other filings with the Securities and Exchange Commission. Undue reliance should not be placed on the forward-looking statements in this press release, which are based on information available to us on the date hereof. We undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as may be required under applicable securities law.
3
PAR TECHNOLOGY CORPORATION
CONDENSED CONSOLIDATED BALANCE SHEETS
(unaudited, in thousands, except share and per share amounts)
Assets March 31, 2026 December 31, 2025
Current assets:
Cash and cash equivalents $ 77,232 $ 79,565
Cash held on behalf of customers 13,552 14,120
Short-term investments 575 579
Accounts receivable – net 87,882 81,706
Inventories 30,927 27,436
Other current assets 29,801 29,525
Total current assets 239,969 232,931
Property, plant and equipment – net 12,770 13,286
Goodwill 897,110 898,035
Intangible assets – net 219,711 203,370
Lease right-of-use assets 9,121 8,176
Other assets 12,464 13,346
Total Assets $ 1,391,145 $ 1,369,144
Liabilities and Shareholders’ Equity
Current liabilities:
Current portion of long-term debt $ 2,869 $ 19,954
Accounts payable 36,821 39,332
Accrued salaries and benefits 16,260 25,186
Accrued expenses 10,838 12,380
Customers payable 13,552 14,120
Lease liabilities – current portion 1,903 1,899
Customer deposits and deferred service revenue 31,888 27,867
Total current liabilities 114,131 140,738
Lease liabilities – net of current portion 7,367 6,435
Deferred service revenue – noncurrent 1,762 1,841
Long-term debt 421,685 374,070
Other long-term liabilities 19,773 20,910
Total liabilities 564,718 543,994
Shareholders’ equity:
Preferred stock, $0.02 par value, 1,000,000 shares authorized, none outstanding — —
Common stock, $0.02 par value, 116,000,000 shares authorized, 42,819,032 and 42,226,765 shares issued, 41,246,199 and 40,653,932 outstanding at March 31, 2026 and December 31, 2025, respectively
848 836
Additional paid-in capital 1,245,562 1,226,039
Accumulated deficit (380,573) (364,404)
Accumulated other comprehensive loss (10,518) (8,429)
Treasury stock, at cost, 1,572,833 and 1,572,833 shares at March 31, 2026 and December 31, 2025, respectively
(28,892) (28,892)
Total shareholders’ equity 826,427 825,150
Total Liabilities and Shareholders’ Equity $ 1,391,145 $ 1,369,144
See notes to unaudited interim condensed consolidated financial statements included in the Company's quarterly report on Form 10-Q for the quarter ended March 31, 2026 (the “Quarterly Report”).
4
PAR TECHNOLOGY CORPORATION
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(unaudited, in thousands, except per share amounts)
Three Months Ended
March 31,
2026 2025
Revenues, net:
Subscription service $ 78,522 $ 68,410
Hardware 29,254 21,843
Professional service 16,197 13,606
Total revenues, net 123,973 103,859
Cost of sales:
Subscription service 34,853 28,900
Hardware 22,928 16,468
Professional service 11,691 10,149
Total cost of sales 69,472 55,517
Gross margin 54,501 48,342
Operating expenses:
Sales and marketing 12,285 11,782
General and administrative 30,696 29,284
Research and development 21,975 19,767
Amortization of identifiable intangible assets 3,431 3,259
Total operating expenses 68,387 64,092
Operating loss (13,886) (15,750)
Other income (expense), net 827 (91)
Interest expense, net (1,932) (1,634)
Gain (loss) on extinguishment of debt, net 380 (5,791)
Loss from continuing operations before income taxes (14,611) (23,266)
Provision for income taxes (1,558) (1,281)
Net loss from continuing operations (16,169) (24,547)
Net income from discontinued operations — 197
Net loss $ (16,169) $ (24,350)
Net (loss) income per share (basic and diluted):
Continuing operations $ (0.39) $ (0.61)
Discontinued operations — 0.01
Total $ (0.39) $ (0.60)
Weighted average shares outstanding (basic and diluted) 40,997 40,174
See notes to unaudited interim condensed consolidated financial statements included in the Quarterly Report.
5
PAR TECHNOLOGY CORPORATION
SUPPLEMENTAL INFORMATION
(unaudited)
Non-GAAP Financial Measures
In addition to disclosing financial results in accordance with GAAP, this press release contains references to the non-GAAP financial measures below. We believe these non-GAAP financial measures provide investors with useful supplemental information about our operating performance, enable comparison of financial trends and results between periods where certain items may vary independent of business performance, and allow for greater transparency with respect to key metrics used by management in operating our business and measuring our performance. Our non-GAAP financial measures reflect adjustments based on one or more of the following items below. The income tax effect of the below adjustments, with the exception of non-recurring income taxes, were not tax-effected due to the valuation allowance on all of our net deferred tax assets.
Our non-GAAP financial measures should not be considered a substitute for, or superior to, financial measures calculated in accordance with GAAP, and the financial results calculated in accordance with GAAP and reconciliations from these results should be carefully evaluated. Additionally, these measures may not be comparable to similarly titled measures disclosed by other companies.
Non-GAAP Measure or Adjustment Definition Usefulness to management and investors
Non-GAAP subscription service gross margin percentage
Represents subscription service gross margin percentage adjusted to exclude amortization from acquired and internally developed software, stock-based compensation, and severance.
We believe that non-GAAP subscription service gross margin percentage and adjusted EBITDA provide useful perspectives with respect to the Company's core operating performance and ongoing cash earnings by adjusting for certain non-cash and non-recurring charges that may not be indicative of our financial performance.
Adjusted EBITDA
Represents net loss before income taxes, interest expense, and depreciation and amortization adjusted to exclude discontinued operations, stock-based compensation, transaction costs, severance, litigation expense, (gain) loss on extinguishment of debt, net, and other (income) expense, net.
Non-GAAP diluted net income (loss) per share
Represents net loss per share excluding amortization of acquired intangible assets, non-recurring income taxes, non-cash interest, discontinued operations, stock-based compensation, transaction costs, severance, litigation expense, (gain) loss on extinguishment of debt, net, and other (income) expense, net.
We believe that adjusting our diluted net loss per share to remove non-cash and non-recurring charges provides a useful perspective with respect to the Company's operating performance as well as comparisons to past and competitor operating results.
Stock-based compensation Consists of non-cash charges related to our employee equity incentive plans. We exclude stock-based compensation because management does not view these non-cash charges as part of our core operating performance. This adjustment facilitates a useful evaluation of our current operating performance as well as comparisons to past and competitor operating results.
6
Non-GAAP Measure or Adjustment Definition Usefulness to management and investors
Transaction costs Adjustment reflects non-recurring professional fees incurred in transaction due diligence and integration. We exclude professional fees incurred in corporate development because management does not view these non-recurring charges, which are inconsistent in size and are significantly impacted by the timing and valuation of our transactions, as part of our core operating performance. This adjustment facilitates a useful evaluation of our current operating performance, comparisons to past and competitor operating results, and additional means to evaluate expense trends.
Severance Adjustment reflects severance tied to non-recurring restructuring events included in cost of sales, sales and marketing expense, general and administrative expense, and research and development expense. We exclude these non-recurring adjustments because management does not view these costs as part of our core operating performance. These adjustments facilitate a useful evaluation of our current operating performance as well as comparisons to past and competitor operating results.
Litigation expense Adjustment reflects non-recurring legal fees incurred in connection with certain litigation matters.
(Gain) loss on extinguishment of debt, net Adjustment reflects gain recognized on the repurchase of a portion of the 2027 Notes, partially offset by loss recognized on the induced conversion of a portion of the 2026 Notes, and loss recognized on early repayment of former credit facility with Blue Owl Capital Corporation as administrative agent and collateral agent and Blue Owl Credit Advisors, LLC as lead arranger and bookrunner (the "Credit Facility").
Discontinued operations Adjustment reflects income from discontinued operations related to the divestiture of our Government segment.
Other (income) expense, net Adjustment reflects foreign currency transaction gains and losses and other non-recurring income and expenses recorded in other income (expense), net in the accompanying statements of operations.
Non-cash interest Adjustment reflects non-cash amortization of issuance costs and discount related to the Company's long-term debt. We exclude these non-cash and non-recurring adjustments for purposes of calculating non-GAAP diluted net income (loss) per share because management does not view these costs as part of our core operating performance. These adjustments facilitate a useful evaluation of our current operating performance, comparisons to past and competitor operating results, and additional means to evaluate expense trends.
Acquired intangible assets amortization Adjustment reflects amortization expense of acquired developed technology included within cost of sales and amortization expense of acquired intangible assets.
7
The tables below provide reconciliations between net loss and adjusted EBITDA, diluted net loss per share and non-GAAP diluted net income (loss) per share, and subscription service gross margin percentage and non-GAAP subscription service gross margin percentage. Amounts presented in the reconciliations and other tables presented herein may not sum due to rounding.
(in thousands) Three Months Ended
March 31,
Reconciliation of Net Loss to Adjusted EBITDA 2026 2025
Net loss $ (16,169) $ (24,350)
Discontinued operations — (197)
Net loss from continuing operations (16,169) (24,547)
Provision for income taxes 1,558 1,281
Interest expense, net 1,932 1,634
Depreciation and amortization 12,012 11,882
Stock-based compensation 7,203 7,181
Transaction costs 594 1,155
Severance 2,669 72
Litigation expense 356 —
(Gain) loss on extinguishment of debt, net (380) 5,791
Other (income) expense, net (827) 91
Adjusted EBITDA $ 8,948 $ 4,540
(in thousands, except per share amounts) Three Months Ended
March 31,
Reconciliation between GAAP and Non-GAAP Diluted Net Income (Loss) per share 2026 2025
Diluted net loss per share $ (0.39) $ (0.60)
Discontinued operations — (0.01)
Diluted net loss per share from continuing operations (0.39) (0.61)
Non-cash interest 0.01 0.01
Acquired intangible assets amortization 0.24 0.23
Stock-based compensation 0.18 0.18
Transaction costs 0.01 0.03
Severance 0.07 —
Litigation expense 0.01 —
(Gain) loss on extinguishment of debt, net (0.01) 0.14
Other (income) expense, net (0.02) —
Non-GAAP diluted net income (loss) per share $ 0.10 $ (0.01)
Diluted weighted average shares outstanding 40,997 40,174
8
(in thousands, except percentages) Three Months Ended
March 31,
Reconciliation between GAAP and Non-GAAP
Subscription Service Gross Margin Percentage 2026 2025
Subscription Service Gross Margin Percentage 55.6 % 57.8 %
Subscription Service Gross Margin $ 43,669 $ 39,510
Depreciation and amortization 7,422 7,595
Stock-based compensation 184 127
Severance 208 —
Non-GAAP Subscription Service Gross Margin $ 51,483 $ 47,232
Non-GAAP Subscription Service Gross Margin Percentage 65.6 % 69.1 %
9
EX-99.2
EX-99.2
Filename: earningspresentation-q12.htm · Sequence: 3
earningspresentation-q12
partech.com Q1 2026 Earnings Presentation May 7, 2026 NYSE: PAR
Forward-Looking Statements. This presentation contains forward-looking statements made pursuant to the safe harbor provisions of Section 21E of the Securities Exchange Act of 1934, as amended, Section 27A of the Securities Act of 1933, as amended, and the Private Securities Litigation Reform Act of 1995, and the accuracy of such statements is necessarily subject to risks, uncertainties and assumptions as to future events that may not prove to be accurate. Forward-looking statements can be identified by words such as “believe,” “could,” “would,” “should,” “will,” “continue,” “anticipate,” “expect,” “path,” “plan,” “intend,” “estimate,” “future,” “may,” “potential,” and similar expressions. These statements include, but are not limited to, express or implied forward-looking statements relating to: our future financial performance, including revenues, gross margins, expenses, cash flows, and other financial measures and key performance indicators; the plans, strategies and objectives of management relating to our growth, results of operations, and financial performance, including service and product offerings, the development, demand, market share, and competitive performance of our products and services; the availability and terms of product and component supplies for our hardware products; anticipated benefits of acquisitions, divestitures, and capital markets transactions; and macroeconomic trends, geopolitical events, tariffs, and trade disputes and the expected impact of those trends and events on our business, results of operations, and financial performance. These statements are neither promises nor guarantees but are subject to a variety of risks and uncertainties, many of which are beyond our control, which could cause actual results to differ materially from those contemplated in these forward-looking statements. Factors, risks, trends and uncertainties that could cause actual results to differ materially from those expressed or implied by forward-looking statements include our ability to successfully develop or acquire and transition new products and services and enhance existing products and services to meet evolving customer needs and respond to emerging technological trends, including our effective use of AI in product development and integration of AI tools into our product and service offerings; our ability to add and retain Active Sites and integration partners; our ability to successfully integrate acquisitions into our operations, and realize the anticipated benefits; macroeconomic trends, such as a recession or slowed economic growth, fluctuating interest rates, inflation, and changes in consumer confidence and discretionary spending; geopolitical events affecting countries where we operate or our customers or suppliers operate, including changes in import/ export regulations, such as tariffs, and trade disputes involving the United States and those countries; our ability to retain and manage suppliers, secure alternative suppliers, and manage inventory levels and costs, navigate manufacturing disruptions or logistics challenges, shipping delays, and shipping costs; and the other factors discussed in our most recent Annual Report on Form 10-K and our other filings with the Securities and Exchange Commission. Undue reliance should not be placed on the forward-looking statements in this presentation, which are based on information available to us on the date hereof. We undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as may be required under applicable securities law. Industry and Market Data. Market, industry, and other data included in this presentation are from or based on our own internal good faith estimates and research, and on publicly available publications, research, surveys and studies conducted by third parties, which we believe are reliable, but have not independently verified. Similarly, while we believe our internal estimates and research are reliable, we have not independently verified our internal estimates or research. While we are not aware of any misstatements regarding any market, industry, or other data used by us or expressed in this presentation, such information, because it has not been verified or, by its nature - market surveys, estimates, projections or similar data, are inherently subject to uncertainties, and actual results may differ materially from the assumptions and circumstances reflected in this information. Key Performance Indicators and Non-GAAP Financial Measures.(1) We monitor certain key performance indicators and non-GAAP financial measures in the evaluation and management of our business; certain key performance indicators and non-GAAP financial measures are provided in this presentation as we believe they are useful in facilitating period-to-period comparisons of our business performance. Key performance indicators and non-GAAP financial measures do not reflect and should be viewed independently of our financial performance determined in accordance with GAAP. Key performance indicators and non-GAAP financial measures are not forecasts or indicators of future or expected results and should not have undue reliance placed upon them by investors. Where historic non-GAAP financial measures are included in this presentation, the most directly comparable GAAP financial measures and a detailed reconciliation between GAAP and non-GAAP financial measures is included in the Appendix to this presentation. Unless otherwise indicated, financial and operating data included in this presentation is as of March 31, 2026. Trademarks. “PAR®,” “PAR POSTM”, “Punchh®,” “PAR OrderingTM”, "PAR OPS®," “Data Central®," “DelagetTM,” "PAR RetailTM", "PAR® Pay”, and other trademarks identifying our products and services appearing in this presentation belong to us. Solely for convenience, our trademarks referred to in this presentation may appear without the ® or TM symbols, but such references are not intended to indicate in any way that we will not assert, to the fullest extent under applicable law, our rights to these trademarks. This presentation may also contain trade names and trademarks of other companies. Our use of such other companies’ trade names or trademarks is not intended to imply any endorsement or sponsorship by these companies of us or our products or services. (1) See Appendix for Non-GAAP reconciliations and Key Performance Indicators 2partech.com
Software Renaissance Building a Unified Platform Global Food Service Pure Play Our Journey… So Far (Dollar values represent ARR) • Acquired PAR POS • Restructured PAR, new team, mission, values • Recapitalized PAR to invest in SaaS • Acquired Data Central 2014 202520242020 20232021 20222019 $19.2M Q4 2019 $88.2M Q4 2021 $136.9M Q4 2023 • Launched PAR Payments • Acquired loyalty provider Punchh • Acquired PAR Ordering • Crossed 100k Active Sites • Acquired loyalty provider PAR Retail and international solutions TASK and Plexure • Acquired analytics and intelligence provider Delaget • Divested Government segment to become a pure play food service tech company • Ship and scale the first wave of AI-powered products and workflows • Unify intelligence across all business units into one layer — PAR Intelligence Dynastic AI Platform 2026 $330.1M Q1 2026$283.6M Q1 2025 PAR I ntelli gence partech.com 3
4partech.com • Unified agentic operating platform offering integrated solutions and sophisticated data insights • Pairs with our state of the art hardware offerings for a complete tech stack • Supported by our comprehensive professional service offerings to drive a positive customer experience Building a Unified Experience
5partech.com PAR’s Success Will Be Driven by our Flywheel Established brand and winning market share Land product #1 Reinvest to launch or acquire product #2 Scale economics leads to more capital to reinvest in productsHappy and sticky customers Differentiated Platform
6partech.com Financial Review First Quarter 2026 Highlights
7partech.com Q1 2026 Highlights 1. Adjusted EBITDA is a Non-GAAP financial measure. Please see Appendix for a detailed reconciliation from net loss to Adjusted EBITDA. 2. Announced subsequent to quarter-end in April 2026. 3 4 Bridg Acquisition Launch of PAR Intelligence(2) • Acquired Bridg, an identity resolution and shopper intelligence platform to expand PAR product and service offerings for both Restaurants and Retail • Announced the launch of PAR Intelligence, an agentic AI layer embedded across the PAR platform • Consistent delivery on strong organic ARR growth year-over-year 2 • Adjusted EBITDA(1) of $8.9 million in Q1 2026, an increase of $4.4 million from Q1 2025 and $1.9 million sequentially from Q4 2025 11% Organic ARR Growth1 Accelerating Adjusted EBITDA Expansion
8partech.com Revenue by Offering 23.6% 63.3% 13.1% Hardware Subscription Service Professional Service ARR by Subscription Product Line 39.9% 60.1% Operator Cloud Engagement Cloud Q1 2026 Revenue Breakout
9partech.com 16% Y/Y Growth 283.6 288.2 300.1 317.2 315.7 Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 ($'000,000) Organic ARR 11% Y/Y Growth 283.6 288.2 300.1 317.2 330.1 Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 Total ARR Strong Organic & Inorganic ARR Growth Year-over-year metrics are for the quarter ended 3/31/2026 compared to the quarter ended 3/31/2025. Please see Appendix — Key Performance Indicators for more information on ARR. The charts above present our ARR on a constant currency basis, calculated using the exchange rates set at the beginning of 2026.
10partech.com 20% Y/Y Growth 117.8 119.7 122.1 130.5 131.8 Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 ($'000,000) Operator Cloud 12% Y/Y Growth 165.9 168.5 178.0 186.7 198.3 Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 Engagement Cloud Resilient ARR Growth Across Product Lines Year-over-year metrics are for the quarter ended 3/31/2026 compared to the quarter ended 3/31/2025. Please see Appendix — Key Performance Indicators for more information on ARR. The charts above present our ARR on a constant currency basis, calculated using the exchange rates set at the beginning of 2026.
11partech.com Q1 '26 Financials Consolidated Highlights • 13% increase in gross margin from Q1 2025 • $4.4 million increase in Adjusted EBITDA(1) from Q1 2025 Subscription Service Highlights • 16% increase in ARR from Q1 2025 • 15% increase in revenue from Q1 2025 • 11% increase in gross margin from Q1 2025 Three Months Ended March 31, (in thousands) 2026 2025 Revenues, net: Subscription service $ 78,522 $ 68,410 Hardware 29,254 21,843 Professional service 16,197 13,606 Total revenues, net 123,973 103,859 Total gross margin 54,501 48,342 Operating expenses: Sales and marketing 12,285 11,782 General and administrative 30,696 29,284 Research and development 21,975 19,767 Amortization of identifiable intangible assets 3,431 3,259 Total operating expenses 68,387 64,092 Other income (expense), net 827 (91) Interest expense, net (1,932) (1,634) Gain (loss) on extinguishment of debt, net 380 (5,791) Loss from continuing operations before income taxes (14,611) (23,266) Provision for income taxes (1,558) (1,281) Net loss from continuing operations (16,169) (24,547) Net income from discontinued operations — 197 Net loss (16,169) (24,350) Non-GAAP adjustments 25,117 28,890 Adjusted EBITDA(1) 8,948 4,540 1. Adjusted EBITDA is a Non-GAAP financial measure. Please see Appendix for a detailed reconciliation from net loss to Adjusted EBITDA.
12partech.com Appendix
13partech.com (in thousands) 3 Months Ended Q1 '25 Q1 '26 Net loss $(24,350) $(16,169) Discontinued operations (197) — Net loss from continuing operations (24,547) (16,169) Provision for income taxes 1,281 1,558 Interest expense, net 1,634 1,932 Depreciation and amortization 11,882 12,012 Stock-based compensation 7,181 7,203 Transaction costs 1,155 594 Severance 72 2,669 Litigation expense — 356 Loss (gain) on extinguishment of debt, net 5,791 (380) Other expense (income), net 91 (827) Adjusted EBITDA $4,540 $8,948 Net Loss to Adjusted EBITDA Reconciliation
14partech.com Key Performance Indicators • Annual Recurring Revenue or "ARR” is the annualized revenue from subscription services, including subscription fees for our SaaS solutions and related software support, managed platform development services, and transaction-based payment processing services. We generally calculate ARR by annualizing the monthly recurring revenue for all Active Sites as of the last day of each month for the respective reporting period. Our reported ARR is based on a constant currency, using the exchange rates established at the beginning of the year and consistently applied throughout the period and to comparative periods presented. Applying a constant currency impacted our reported ARR figures for prior periods presented, beginning with Q3 2024, as exchange rate effects began with the acquisition of TASK Group Holdings Limited in 2024. • “Active Sites” represent locations active on PAR’s subscription services as of the last day of the respective reporting period. • “Non-GAAP Subscription Service Gross Margin Percentage” represents subscription service gross margin percentage adjusted to exclude amortization from acquired and internally developed software, stock-based compensation, and severance. • “Non-GAAP Consolidated Gross Margin Percentage” represents consolidated gross margin percentage adjusted to exclude amortization from acquired and internally developed software, stock-based compensation, and severance. • “Adjusted EBITDA” represents net loss before income taxes, interest expense, and depreciation and amortization adjusted to exclude discontinued operations, stock-based compensation, transaction costs, severance, litigation expense, loss (gain) on extinguishment of debt, net, and other expense (income), net. • “ARR Per Unit” represents ARR divided by Active Sites as of the last day of each month for the respective reporting period.
15partech.com Thank You!
GRAPHIC
GRAPHIC
Filename: earningspresentation-q12001.jpg · Sequence: 7
Binary file (49180 bytes)
Download earningspresentation-q12001.jpg
GRAPHIC
GRAPHIC
Filename: earningspresentation-q12002.jpg · Sequence: 8
Binary file (270241 bytes)
Download earningspresentation-q12002.jpg
GRAPHIC
GRAPHIC
Filename: earningspresentation-q12003.jpg · Sequence: 9
Binary file (102631 bytes)
Download earningspresentation-q12003.jpg
GRAPHIC
GRAPHIC
Filename: earningspresentation-q12004.jpg · Sequence: 10
Binary file (100808 bytes)
Download earningspresentation-q12004.jpg
GRAPHIC
GRAPHIC
Filename: earningspresentation-q12005.jpg · Sequence: 11
Binary file (81077 bytes)
Download earningspresentation-q12005.jpg
GRAPHIC
GRAPHIC
Filename: earningspresentation-q12006.jpg · Sequence: 12
Binary file (43632 bytes)
Download earningspresentation-q12006.jpg
GRAPHIC
GRAPHIC
Filename: earningspresentation-q12007.jpg · Sequence: 13
Binary file (88146 bytes)
Download earningspresentation-q12007.jpg
GRAPHIC
GRAPHIC
Filename: earningspresentation-q12008.jpg · Sequence: 14
Binary file (63949 bytes)
Download earningspresentation-q12008.jpg
GRAPHIC
GRAPHIC
Filename: earningspresentation-q12009.jpg · Sequence: 15
Binary file (78653 bytes)
Download earningspresentation-q12009.jpg
GRAPHIC
GRAPHIC
Filename: earningspresentation-q12010.jpg · Sequence: 16
Binary file (78830 bytes)
Download earningspresentation-q12010.jpg
GRAPHIC
GRAPHIC
Filename: earningspresentation-q12011.jpg · Sequence: 17
Binary file (128049 bytes)
Download earningspresentation-q12011.jpg
GRAPHIC
GRAPHIC
Filename: earningspresentation-q12012.jpg · Sequence: 18
Binary file (30322 bytes)
Download earningspresentation-q12012.jpg
GRAPHIC
GRAPHIC
Filename: earningspresentation-q12013.jpg · Sequence: 19
Binary file (90317 bytes)
Download earningspresentation-q12013.jpg
GRAPHIC
GRAPHIC
Filename: earningspresentation-q12014.jpg · Sequence: 20
Binary file (149529 bytes)
Download earningspresentation-q12014.jpg
GRAPHIC
GRAPHIC
Filename: earningspresentation-q12015.jpg · Sequence: 21
Binary file (32164 bytes)
Download earningspresentation-q12015.jpg
GRAPHIC
GRAPHIC
Filename: newparlogo.jpg · Sequence: 22
Binary file (42225 bytes)
Download newparlogo.jpg
GRAPHIC
GRAPHIC
Filename: par-20260507_g1.jpg · Sequence: 23
Binary file (42225 bytes)
Download par-20260507_g1.jpg
XML — IDEA: XBRL DOCUMENT
XML
Filename: R1.htm · Sequence: 25
v3.26.1
Cover Page
May 07, 2026
Cover [Abstract]
Document Type
8-K
Document Period End Date
May 07, 2026
Entity Registrant Name
PAR Technology Corporation
Entity Incorporation, State or Country Code
DE
Entity File Number
1-09720
Entity Tax Identification Number
16-1434688
Entity Address, Address Line One
PAR Technology Park
Entity Address, Address Line Two
8383 Seneca Turnpike
Entity Address, City or Town
New Hartford
Entity Address, State or Province
NY
Entity Address, Postal Zip Code
13413-4991
City Area Code
315
Local Phone Number
738-0600
Written Communications
false
Soliciting Material
false
Pre-commencement Tender Offer
false
Pre-commencement Issuer Tender Offer
false
Title of 12(b) Security
Common Stock
Trading Symbol
PAR
Security Exchange Name
NYSE
Entity Emerging Growth Company
false
Amendment Flag
false
Entity Central Index Key
0000708821
X
- Definition
Boolean flag that is true when the XBRL content amends previously-filed or accepted submission.
+ References
No definition available.
+ Details
Name:
dei_AmendmentFlag
Namespace Prefix:
dei_
Data Type:
xbrli:booleanItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Area code of city
+ References
No definition available.
+ Details
Name:
dei_CityAreaCode
Namespace Prefix:
dei_
Data Type:
xbrli:normalizedStringItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Cover page.
+ References
No definition available.
+ Details
Name:
dei_CoverAbstract
Namespace Prefix:
dei_
Data Type:
xbrli:stringItemType
Balance Type:
na
Period Type:
duration
X
- Definition
For the EDGAR submission types of Form 8-K: the date of the report, the date of the earliest event reported; for the EDGAR submission types of Form N-1A: the filing date; for all other submission types: the end of the reporting or transition period. The format of the date is YYYY-MM-DD.
+ References
No definition available.
+ Details
Name:
dei_DocumentPeriodEndDate
Namespace Prefix:
dei_
Data Type:
xbrli:dateItemType
Balance Type:
na
Period Type:
duration
X
- Definition
The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word 'Other'.
+ References
No definition available.
+ Details
Name:
dei_DocumentType
Namespace Prefix:
dei_
Data Type:
dei:submissionTypeItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Address Line 1 such as Attn, Building Name, Street Name
+ References
No definition available.
+ Details
Name:
dei_EntityAddressAddressLine1
Namespace Prefix:
dei_
Data Type:
xbrli:normalizedStringItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Address Line 2 such as Street or Suite number
+ References
No definition available.
+ Details
Name:
dei_EntityAddressAddressLine2
Namespace Prefix:
dei_
Data Type:
xbrli:normalizedStringItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Name of the City or Town
+ References
No definition available.
+ Details
Name:
dei_EntityAddressCityOrTown
Namespace Prefix:
dei_
Data Type:
xbrli:normalizedStringItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Code for the postal or zip code
+ References
No definition available.
+ Details
Name:
dei_EntityAddressPostalZipCode
Namespace Prefix:
dei_
Data Type:
xbrli:normalizedStringItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Name of the state or province.
+ References
No definition available.
+ Details
Name:
dei_EntityAddressStateOrProvince
Namespace Prefix:
dei_
Data Type:
dei:stateOrProvinceItemType
Balance Type:
na
Period Type:
duration
X
- Definition
A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 12
-Subsection b-2
+ Details
Name:
dei_EntityCentralIndexKey
Namespace Prefix:
dei_
Data Type:
dei:centralIndexKeyItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Indicate if registrant meets the emerging growth company criteria.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 12
-Subsection b-2
+ Details
Name:
dei_EntityEmergingGrowthCompany
Namespace Prefix:
dei_
Data Type:
xbrli:booleanItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Commission file number. The field allows up to 17 characters. The prefix may contain 1-3 digits, the sequence number may contain 1-8 digits, the optional suffix may contain 1-4 characters, and the fields are separated with a hyphen.
+ References
No definition available.
+ Details
Name:
dei_EntityFileNumber
Namespace Prefix:
dei_
Data Type:
dei:fileNumberItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Two-character EDGAR code representing the state or country of incorporation.
+ References
No definition available.
+ Details
Name:
dei_EntityIncorporationStateCountryCode
Namespace Prefix:
dei_
Data Type:
dei:edgarStateCountryItemType
Balance Type:
na
Period Type:
duration
X
- Definition
The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 12
-Subsection b-2
+ Details
Name:
dei_EntityRegistrantName
Namespace Prefix:
dei_
Data Type:
xbrli:normalizedStringItemType
Balance Type:
na
Period Type:
duration
X
- Definition
The Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 12
-Subsection b-2
+ Details
Name:
dei_EntityTaxIdentificationNumber
Namespace Prefix:
dei_
Data Type:
dei:employerIdItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Local phone number for entity.
+ References
No definition available.
+ Details
Name:
dei_LocalPhoneNumber
Namespace Prefix:
dei_
Data Type:
xbrli:normalizedStringItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 13e
-Subsection 4c
+ Details
Name:
dei_PreCommencementIssuerTenderOffer
Namespace Prefix:
dei_
Data Type:
xbrli:booleanItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 14d
-Subsection 2b
+ Details
Name:
dei_PreCommencementTenderOffer
Namespace Prefix:
dei_
Data Type:
xbrli:booleanItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Title of a 12(b) registered security.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 12
-Subsection b
+ Details
Name:
dei_Security12bTitle
Namespace Prefix:
dei_
Data Type:
dei:securityTitleItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Name of the Exchange on which a security is registered.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 12
-Subsection d1-1
+ Details
Name:
dei_SecurityExchangeName
Namespace Prefix:
dei_
Data Type:
dei:edgarExchangeCodeItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as soliciting material pursuant to Rule 14a-12 under the Exchange Act.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 14a
-Subsection 12
+ Details
Name:
dei_SolicitingMaterial
Namespace Prefix:
dei_
Data Type:
xbrli:booleanItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Trading symbol of an instrument as listed on an exchange.
+ References
No definition available.
+ Details
Name:
dei_TradingSymbol
Namespace Prefix:
dei_
Data Type:
dei:tradingSymbolItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as written communications pursuant to Rule 425 under the Securities Act.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Securities Act
-Number 230
-Section 425
+ Details
Name:
dei_WrittenCommunications
Namespace Prefix:
dei_
Data Type:
xbrli:booleanItemType
Balance Type:
na
Period Type:
duration