Smart Parking Ltd. Stock Analysis SPZ.AX

Smart Parking Ltd. engages in the provision of design, development, and management of parking technology. The firm operates in three divisions: Parking Management, Technology, and Research & Development. The Parking Management segment is engaged in the provision of parking management solutions, predominantly servicing the retail sector, managing agents and landowners in the United Kingdom, New Zealand, Australia, Germany, Denmark, and Switzerland. The Technology segment is engaged in the sale of technology, hardware, and software, predominantly for parking solutions around the world, and to support the parking management division. The Research & Development segment includes research, developing, and enhancing automatic number plate recognition (ANPR) software/hardware for both the Technology and Parking Management divisions. The company serves various industries, such as Councils & Local Authorities, Hospitals & Medical Centers, Hotels & Hospitality, Leisure & Tourism, Residential, Restaurants & Eateries, and others.