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PAR TM FOR RELEASE : CONTACT : NEW HARTFORD , NY - May 10 , 2021 Christopher R.Byrnes ( 315 ) 738-0600 ext . 6226 cbyrnes@partech.com , www.partech.com PAR TECHNOLOGY CORPORATION ANNOUNCES 2021 FIRST QUARTER RESULTS New Brink Bookings in Q1 = 1,345 stores - 85 % increase from Q1 '20 -- New Hartford , NY- May 10 , 2021 PAR Technology Corporation ( NYSE : PAR ) ( “ PAR Technology " or the " Company " ) today announced its results for the first quarter ended March 31 , 2021 . Summary of Fiscal 2021 First Quarter Revenues were reported at $ 54.5 million for the first quarter of 2021 , a slight decrease compared to $ 54.7 million for the same period in 2020 . Net loss for the first quarter of 2021 was $ 8.3 million , or $ 0.38 loss per share , compared to a net loss of $ 10.9 million , or $ 0.61 loss per share reported for the same period in 2020 . EBITDA for the first quarter of 2021 was a loss of $ 3.3 million compared to an EBITDA loss of $ 12.0 million for the same period in 2020 . Adjusted EBITDA for the first quarter of 2021 was a loss of $ 4.9 million compared to an Adjusted EBITDA loss of $ 2.4 million for the same period in 2020 . Adjusted net loss for the first quarter of 2021 was $ 7.6 million , or $ 0.34 loss per share , compared to an adjusted net loss of $ 4.7 million , or $ 0.26 loss per share , for the same period in 2020 . A reconciliation and description of non - GAAP financial measures to corresponding GAAP financial measures are included in the tables at the end of this press release . PAR Technology CEO , Savneet Singh commented , " Our Q1 performance showed the strength and resiliency of our business and the continued aggressive investments in technology from our customers . In the quarter we saw significant demand for our cloud Brink POS® software and bookings in Q1 totaled 1,345 stores , which is an 85 % increase from the Brink bookings in Q1 last year . Our backlog at the end of Q1 was over 3,300+ stores , by far the highest number we've ever had . As the effects of the pandemic mitigate , we are seeing a strong activation pace in Q2 and expect that to continue throughout the year which will bring our backlog down . " Singh continued , " Just a brief update on our recently closed acquisition of Punchh . This acquisition is an important piece towards executing our strategy to enhance and build out our software platform . The addition of Punchh makes PAR a unified commerce cloud platform for enterprise restaurants and positions PAR to fast - track new customer wins with integrated point - of sale , back office , payment and guest engagement solutions . This is an exciting step in the evolution of both PAR and the restaurant industry . Customer loyalty and CRM SaaS has rapidly evolved from being a novelty for restaurants to now a