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New Hartford , NY , August 9 , 2021 FOR RELEASE : CONTACT : Christopher R. Byrnes ( 315 ) 738-0600 ext . 6226 cbyrnes@partech.com , www.partech.com Exhibit 99.1 PAR TM PAR TECHNOLOGY CORPORATION ANNOUNCES 2021 SECOND QUARTER RESULTS • Total revenues increase 50.9 % from Q2 '20 • Software Annual Recurring Revenues ( ARR ) * grows to $ 76.7 million - a 166 % increase from the $ 28.8 million reporting in Q2 '20 - aided by the Punchh acquisition New Hartford , NY- August 9 , 2021 -- PAR Technology Corporation ( NYSE : PAR ) ( “ PAR Technology " or the " Company " ) today announced its results for the second quarter ended June 30 , 2021 . Summary of Fiscal 2021 Second Quarter • Revenues were reported at $ 69.0 million for the second quarter of 2021 , a 50.9 % increase compared to $ 45.7 million for the same period in 2020 . Net loss for the second quarter of 2021 was $ 10.0 million , or $ 0.39 loss per share , compared to a net loss of $ 9.0 million , or $ 0.49 loss per share reported for the same period in 2020 . EBITDA for the second quarter of 2021 was a loss of $ 11.3 million compared to an EBITDA loss of $ 3.5 million for the same period in 2020 . ** Adjusted EBITDA for the second quarter of 2021 was a loss of $ 4.1 million compared to an Adjusted EBITDA loss of $ 1.8 million for the same period in 2020 . ** Adjusted net loss for the second quarter of 2021 was $ 9.2 million , or $ 0.36 loss per share , compared to an adjusted net loss of $ 4.1 million , or $ 0.21 loss per share , for the same period in 2020 . ** Summary of Year - to - Date Financial Results Revenues were reported at $ 123.4 million for the six months ended June 30 , 2021 , an increase of 22.9 % when compared to $ 100.4 million for the same period in 2020 . Net loss for the six months ended June 30 , 2021 was $ 18.2 million , or $ 0.77 loss per share , compared to a net loss of $ 19.9 million , or $ 1.10 loss per share reported for the same period in 2020 . EBITDA for the six months ended June 30 , 2021 was a loss of $ 14.5 million compared to an EBITDA loss of $ 15.5 million for the same period in 2020 . ** Adjusted EBITDA for the six months ended June 30 , 2021 was a loss of $ 8.9 million compared to an Adjusted EBITDA loss of $ 3.9 million for the same period in 2020 . ** Adjusted net loss for the six months ended June 30 , 2021 was $ 16.7 million , or $ 0.70 loss per share , compared to an adjusted net loss of $ 8.6 million , or $ 0.47 loss per share , for the same period in 2020 . ** * Annualized Recurring Revenue , or ARR , represents all revenues derived from software as a service and related recurring support services for the last month in each quarter multiplied by 12. ARR is a key performance indicator we use to help us evaluate our business and measure our performance . ARR also provides our investors with an additional measure to evaluate the performance of our software business . ARR is not , however , a substitute for GAAP revenue and it is not predictive of our future software subscription revenues . ** 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 .