Parkd Ltd. Hits Milestones with Key Project Completions and Licensing Talks

Parkd Ltd. ( (AU:PKD) ) just unveiled an announcement.

Parkd Ltd. announced significant progress for the quarter ending December 2024, highlighting the substantial structural completion of key projects like the Quattro Automotive Myaree and John Hughes Forward Street projects, which are on schedule. The company achieved proof-of-concept milestones with Fielders, a division of BlueScope Steel Ltd, leading to ongoing negotiations for licensing agreements related to their MDSS™ and intellectual property. Parkd’s financial performance includes a net cash flow from operations of $277k and cash reserves of $762k, emphasizing its strategic growth and operational efficiency. The completed projects validate Parkd’s technology, demonstrating improved productivity and reduced labor needs on-site, potentially bolstering its market position and fostering future partnerships.

More about Parkd Ltd.

Parkd Ltd. operates in the construction industry, focusing on innovative structural solutions. The company specializes in the Metal Deck Support System (MDSS™) and patented Continuously Voided Beam (CVB™) technology, aiming to enhance construction efficiency and reduce labor costs.

YTD Price Performance: 9.52%

Average Trading Volume: 119,702

Technical Sentiment Consensus Rating: Buy

Current Market Cap: A$2.39M

See more data about PKD stock on TipRanks’ Stock Analysis page.