Latest Parking Technology News

Smart Parking delivered $126.3 million in FY26 revenue and $11.7 million profit from continuing operations, while completing acquisitions of NE Parking and ParkInnovation. Its clean audit opinion removes one immediate accounting concern, but revenue estimates and goodwill remain areas requiring investor attention.

Smart Parking (ASX:SPZ) has acquired American Parking, adding 54 sites across Oklahoma, Texas, and Arkansas and boosting its US portfolio to over 200 locations. The $12 million deal is expected to be earnings accretive and supports the rollout of SmartCloud technology.

PARKD Limited has completed the first tranche of its $0.78 million placement, issuing over 20 million shares at 3 cents each, while launching a Share Purchase Plan for existing shareholders.

Smart Parking Limited has reported robust H1 FY25 results, underpinned by a strategic acquisition of Peak Parking LP and a fully underwritten $45 million equity raise to fund its US expansion.