The Ledger
Every statement that passed quotation and attribution checks. Mix any filter with any other: certainty 1/5, debate potential 5/5, or both at once.
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Singh: PAR Is Second-Best Performing Sub-$10B Public Software Stock
“In that sort of sub-ten billion dollar software, we're the best performer sans one company over the last one, three, five years.”
Singh: PAR Technology founders invented the point-of-sale terminal in 1978
“In 1978, our founders invented the point of sale terminal.”
Singh: PAR Grew Software Revenue from $5M to Over $250M
“When we took over the company, the revenues were about one 71 80, and they were five million dollars of software revenue, 165 of hardware and services. Where today will be, you know, whatever, four 50 of revenue, but two 52 60 will be software. The software's …”
Singh: PAR Won a Single Deal Worth $23M in Annual ARR
“When we started the company, our ARR, sorry, when we took over the company, our ARR was less than ten million bucks. You know, three months ago we won a deal that was twenty-three million dollars of ARR with one customer a year.”
Singh: PAR powers loyalty for 48 of the top 100 restaurants globally
“We have the largest loyalty product in restaurants. We're in 48 of the top hundred restaurants in the world. So if you have the Taco Bell app, that's us.”
Singh: PAR Grew Revenue 25% Annually With Flat OpEx for Two Years
“We haven't grown our operating expenses in almost two years, yet we've grown our revenue, you know, 25% a year over those periods of time, so well over doubled”
Singh: PAR Stock Traded at 30x Revenue in 2021
“In 2021, our stock was trading at 30 times revenue.”
Singh: Burger King is PAR Technology's largest deal
“Our largest deal is Burger King, but we're just starting to roll them out.”
Singh: PAR had under $10M on balance sheet as public company in 2018
“We have less than ten million dollars on the balance sheet, and we're a public company, which is kind of crazy.”
Singh: PAR was spending 100% of revenue on R&D
“PAR was a real mess. We had to completely rebuild our product. We were spending a hundred percent of our revenue on R&D.”
Singh: Punchh Had $30M Revenue and Better Retention Than PAR
“We bought another thirty million dollar business for five hundred million dollars that was growing faster, had better retention, and for 25% of our value. So it's like a great deal.”
Singh: Two activist hedge funds targeted PAR to force sale in 2018
“We had two activist hedge funds come in trying to sell the company, and so I was like, let's sell the company.”
Singh: PAR Raised $80M Convertible Debt on ~$200M Market Cap
“To give you an example, you know, the market cap of the company when we took over was a couple hundred million dollars. Our first financing was eighty million dollars. That's very hard to do privately in a convert,”
Singh: PAR Technology had $180M revenue but only $5M in software revenue
“Oh, so the business, I think, was a 180 hundred million of revenue, but only five million of software revenue, so it was really a hardware and services business that was growing, trying to become a software business”