FSC Franchise Co. selects PAR Technology for loyalty, Ordering, and catering partner across its restaurant brands. Newk's Eatery and Beef 'O' Brady's expand their PAR footprint, and The Brass Tap joins PAR Punchh NEW HARTFORD, N.Y.-(BUSINESS WIRE)-PAR Technology Corporation (NYSE: PAR), a leading technology provider powering multi-unit operators across restaurant, retail, and large-scale commerce, today announced that FSC Franchise Co. ("FSC"), franchisor of Beef 'O' Brady's, The Brass Tap, and Newk's Eatery, has selected PAR(R) Punchh(R), PAR Ordering(TM), and PAR Catering as its recommended solutions across its restaurant brands, creating a more connected technology foundation with PAR Intelligence, PAR's agentic intelligence layer, built in. The announcement builds on the brands' existing relationships with PAR Technology and represents the next step in FSC's strategy to create a more connected technology foundation across its portfolio. By expanding its use of PAR solutions, FSC aims to better connect guest engagement, digital ordering, and catering while creating opportunities for more actionable insights into guest behavior and restaurant operations. "We've built Beef 'O' Brady's, The Brass Tap, and Newk's Eatery into three distinct brands, each with its own identity and loyal following. But our franchisees shouldn't have to navigate three different technology environments to operate their restaurants," said Jason Saposnik, Vice President of Information Technology at FSC Franchise Co. "Standardizing on PAR gives our brands a stronger, more connected foundation for guest engagement, ordering, and catering. It helps simplify the technology experience for our franchisees and gives us the tools to continue improving how we serve our guests. PAR is the right partner at the right time for where FSC is headed." "FSC has built three distinct brands with real followings, and the technology behind them should reflect that investment," said Savneet Singh, CEO of PAR Technology. "When ordering, catering, and loyalty all run on the same platform across every brand, franchisees stop managing systems and start running restaurants. Every transaction feeds the same intelligence layer, every guest interaction gets smarter, and every new feature reaches all three brands at the same time. That's what a unified platform means in practice, and that's why brands are choosing to consolidate on PAR." The transition will take place through a phased rollout beginning in early 2027, with each brand building on its existing PAR technology footprint: * Newk's Eatery, a fast-casual restaurant brand with more than 100 locations across 13 states, is already a PAR Punchh and PAR OPS customer. By adding PAR Ordering and PAR Catering, Newk's is expanding its connected technology ecosystem across digital ordering, catering, and guest loyalty. The integration will help streamline the guest experience, support restaurant operations, and provide a stronger foundation for understanding guest engagement and encouraging repeat visits. * Beef 'O' Brady's, a family-friendly sports pub concept with 125 locations across 15 states, already utilizes PAR Ordering, and PAR Punchh. By adding PAR Catering, the brand is extending its connected technology experience to catering orders and events. Bringing ordering, catering, and loyalty closer together will create a more seamless experience for guests while giving the brand a more complete view of customer engagement across channels. * The Brass Tap, a Social House & Kitchen concept with 52 locations across 16 states, is adopting PAR Punchh to bring its loyalty program onto the same platform used by its sister brands. This move creates an opportunity to strengthen guest engagement, deliver more personalized rewards, and build consistency across FSC's three restaurant concepts, while allowing each brand to maintain its own unique identity and guest experience. What Franchisees and Guests Can Now Expect This standardization gives FSC's brands a more connected technology foundation, helping reduce reliance on separate point solutions while creating opportunities to improve both restaurant operations and the guest experience. * For franchisees: A more streamlined technology environment across ordering, catering, and loyalty means fewer disconnected systems to manage and reconcile. PAR Catering helps connect menus, kitchen workflows, and the guest experience, while bringing catering operations into a more integrated platform. A shared technology foundation also gives FSC's brands the ability to build on new features and capabilities as they become available. * For guests: A more consistent and convenient experience across digital ordering, catering, and loyalty. PAR Ordering supports branded ordering experiences across web and mobile, while PAR Punchh helps brands engage guests through personalized rewards and loyalty experiences. Whether guests are ordering a meal online, arranging catering for an event, or engaging with a brand's rewards program, the technology is designed to make those interactions easier and more connected. About FSC Franchise Co. Founded in Tampa, Florida, FSC Franchise Co. is a leading multi-brand franchisor driving growth and innovation across three dynamic restaurant concepts - Beef 'O' Brady's, The Brass Tap and Newk's Eatery. With more than 270 locations nationwide, FSC brings together decades of expertise in hospitality, franchising and community engagement under one unified platform. Together, FSC's brands are redefining what it means to grow a scalable, community-driven restaurant portfolio - offering franchisees the opportunity to diversify within a powerful ecosystem of proven concepts. About PAR Technology PAR Technology Corporation (NYSE: PAR) delivers an agentic operating platform that enables smarter, more consistent operations for multi-unit brands across restaurant, retail, and high-volume commerce. PAR's platform brings together mission-critical software - point of sale, digital ordering, loyalty, payments, and back-office systems - along with hardware and data to orchestrate decisions and workflows across systems, locations, and guest touchpoints in real time. Designed to drive measurable outcomes, PAR helps brands improve efficiency, deliver better experiences, and make every store more profitable. Learn more at partech.com. Contacts. IR CONTACT: Christopher R. Byrnes (315) 743-8376 [email protected] PAR Technology Corporation. Release Versions IR CONTACT: Christopher R. Byrnes (315) 743-8376 [email protected]

PAR Technology Q3 earnings call highlights. PAR Technology (NYSE:PAR) raised its 2026 revenue and adjusted earnings outlook after reporting record third-quarter revenue, adjusted EBITDA and free cash flow, as demand for its restaurant and retail technology platform helped lift sales 15% from a year earlier. The company reported revenue of $137.1 million and adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) of $17.1 million. Both exceeded the high end of PAR's guidance, Chief Financial Officer Bryan Menar said on the earnings call. Free cash flow was $17.7 million, aided in part by customer prepayments. PAR now expects full-year revenue of $532.5 million to $536.5 million, up from its previous forecast of $516 million to $523 million. It raised its adjusted EBITDA outlook to $57.9 million to $59.4 million from $50 million to $53 million. For the fourth quarter, the company projected revenue of $138 million to $142 million and adjusted EBITDA of $17.5 million to $19 million. Menar said PAR expects subscription revenue growth to strengthen and hardware revenue to remain at historical levels, primarily because of product refreshes at existing large accounts. Subscription growth and narrower loss. Subscription service revenue rose 15% to $86 million in the third quarter, accounting for 63% of total revenue. Hardware revenue also grew 15%, to $34 million, while professional services revenue increased 16% to $17 million. Annual recurring revenue, or ARR, reached $354.5 million at quarter-end, up 18% from a year earlier. Organic ARR growth was approximately 13%, and ARR increased by $16.5 million from the second quarter. PAR narrowed its quarterly net loss to $9 million, or 22 cents per share, from $18 million, or 45 cents per share, a year earlier. Non-GAAP net income rose to $10.8 million, or 24 cents per diluted share, from $2 million, or 5 cents per share. Non-GAAP subscription service margin was 66%, compared with 66.2% a year earlier, but improved 90 basis points sequentially. Menar attributed the sequential improvement in part to planned business-model changes for the Bridg product line. He said a margin range of roughly 66% to 68% was more likely in the foreseeable future, with a return toward 70% possible over time. Cash and cash equivalents totaled $94 million at September 30, up $17 million from the prior quarter. Menar said third-quarter free cash flow benefited from seasonal working-capital support, including $10 million of customer prepayments. PAR expects modest positive free cash flow in the fourth quarter, with less working-capital support. Rollouts and multi-product deals. CEO Savneet Singh said more than 80% of new customer deals signed during the quarter involved multiple products. Poulet Rouge and Carvel selected PAR's Punchh loyalty and engagement product, while Capriotti's chose PAR Ordering for more than 175 stores. PAR also signed its largest ordering agreement to date with an unnamed national restaurant chain, which Singh said the company expects to discuss after its launch next year. PAR had activated its point-of-sale system at more than 5,000 Burger King sites through September and remained ahead of plan, Singh said. He expects the rollout to be principally complete by year-end, with a more aggressive rollout of PAR OPS planned for next year. PAR also expects to begin implementing its POS and operations products at scale across Papa John's more than 3,000 U.S. stores in the fourth quarter. In retail, a major oil company signed a five-year partnership with PAR, while Kwik Fill selected PAR Retail and PAR Intelligence for more than 300 locations, Singh said. An additional national retailer selected Bridg after moving from a competing identity-resolution platform. During the question-and-answer session, Menar said active sites were approximately flat sequentially because losses among a few smaller concepts using single, non-core products offset additions. He said newly added sites included multi-product customers and that average revenue per user increased significantly from the prior quarter. AI investment and hardware demand. PAR launched Guest360, a customer data platform integrated into Punchh, along with six new PAR Intelligence coaches and agents during the quarter. Singh said the company is focused on adoption and measurable customer outcomes in 2026, with the aim of making AI a more meaningful revenue contributor in 2027. Although customers are already paying for some PAR Intelligence capabilities, Singh said it was premature to report a separate AI revenue metric. He told analysts that PAR's goal is to put the product in more users' hands, assess its value and then pursue broader monetization next year. The company currently envisions a traditional software-as-a-service pricing model, he said. Singh also expects hardware demand from large existing accounts to remain high in the fourth quarter before returning toward normal levels over the next couple of quarters. Menar said PAR had made early memory-chip commitments that leave it supplied for at least a year and secured pricing approximately 30% to 40% below current chip rates. About PAR Technology (NYSE:PAR). PAR Technology Corporation (NYSE:PAR) provides technology solutions for the restaurant and hospitality industries. Its offerings include point-of-sale systems, restaurant management software, digital ordering, loyalty and customer-engagement tools, payment solutions, workforce management, and related hardware and support services. The company's portfolio includes Brink POS, a cloud-based restaurant point-of-sale platform, and Punchh, a customer loyalty and engagement platform. PAR also provides tools designed to help restaurant operators manage digital channels, payments, data, and guest relationships through integrated technology solutions. Founded in 1968, PAR Technology has expanded from its origins in restaurant and hospitality technology through organic development and acquisitions, including Punchh and Stuzo.