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Changed Risks for PAR TECHNOLOGY CORP (PAR)

Significant changes in US and international trade policies that restrict imports or increase tariffs could have a material adverse effect on our results of operations

Failure to comply with a variety of complex procurement regulations could result in liability for various penalties or sanctions including termination of US Government contracts, disqualification from bidding on future US Government contracts, and suspension or debarment from US Government contracting

We are subject to cyber-attacks; we are subject to laws and regulations governing the protection of personally identifiable information, a cyber attack or a failure to comply with applicable privacy or data protection laws could harm our reputation and have a material adverse effect on our business

Our results of operations may fluctuate significantly due to the timing of our revenue recognition and our ability to accurately forecast sales, including subscription software sales and renewals

A portion of our total assets consists of goodwill and identifiable intangible assets, which are subject to a periodic impairment analysis, a significant impairment determination in any future period could have an adverse effect on our results of operations, even without a significant loss of our revenue or increase in cash expenses attributable to such period

We cannot guarantee that our Government segment's estimated contract backlog will result in actual revenue

A portion of Government segment revenue is derived from US Government contracts, which contain provisions unique to public sector customers, including the US Government’s right to modify or terminate these contracts at any time

Our independent registered public accountant has included an explanatory paragraph in its opinion on our audited consolidated financial statements regarding our ability to continue as a going concern; our ability to continue as a going concern depends on our ability to secure alternative sources of capital and our operations could be curtailed if we are unable to obtain required additional funding when needed

Issues with product and component availability or key supplier performance may affect our ability to manufacture and deliver our products

Our ability to fund operations and execute our strategy may require us to secure alternative or additional sources of capital, including alternative sources of debt financings and/or future sales of our equity securities, or obtain additional waivers or modifications to the Credit Agreement

If our technical and maintenance support services are not satisfactory to our customers, they may not renew their services agreements or buy future products, which could materially adversely affect our future results of operations, financial condition, and cash flows

Our Government segment is subject to reviews, audits and cost adjustments by the US Government, which, if unfavorably resolved to us, could adversely affect our profitability, cash flows or growth prospects

If we fail to maintain effective internal controls, investors may lose confidence in the accuracy and completeness of our financial reports, the market price of our common stock may be adversely affected, and we may become subject to regulatory investigation or sanctions

The US Government may revise its procurement or other practices in a manner adverse to our Government segment

Our business could be negatively impacted as a result of shareholder activism

There are risks related to the implementation of our new global enterprise resource planning system ("ERP")

Two customers account for a significant portion of our revenues in the Restaurant/Retail segment The loss of one of these customers, or a significant reduction, delay, or cancellation of purchases by one of these customers, would materially adversely affect our business, financial condition, and results of operations

We may be subject to claims by third-parties of intellectual property and/or proprietary rights infringement

Our Government segment could be adversely affected by changes in budgetary priorities of the US Government, failure to approve US Government budgets on a timely basis or delays in contract awards and other procurement activities