• While headline numbers could lead to the conclusion that PAR Technology is moving backwards, the reality underneath the hood is quite different.
• Brink, the company’s POS cloud system, is growing rapidly and is vastly underappreciated and undervalued, in our view.
• New management seems to have a new sense of urgency to develop Brink, which is experiencing hyper-growth.
• Brink’s installed base and ARPU will increase significantly over the coming years.

Source: PAR Technology’s Valuation Gap Remains Undiminished – PAR Technology Corporation (NYSE:PAR) | Seeking Alpha