NEW HARTFORD, N.Y. — PAR Technology Corp. (NYSE: PAR) on Thursday reported a net loss of $109,000, or 1 cent per share, during the third quarter that ended Sept. 30.
That’s compared to net income of $440,000, or 3 cents per share, during the same period in 2013.
PAR generated revenue of $56.3 million in this year’s third quarter, up from more than $55 million in revenue generated during the same quarter in 2013, the company said.
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Based in New Hartford, PAR provides hardware and software to the hospitality industry. PAR’s government business offers computer-based system design, engineering, and technical services to the U.S. Department of Defense and various federal agencies.
The firm “made progress” in the third quarter to improve its financial performance, Ronald Casciano, president and CEO of PAR Technology, contended in a news release.
But the company’s top official admits “there is still more to be done” as PAR evaluates its businesses to “identify opportunities and implement initiatives to enhance the overall value of [the company.]”
Contact Reinhardt at ereinhardt@cnybj.com
