Duos Technologies Group Inc (OQ:DUOT)

Sector:  Technology Industry:  Software
 
See Regulatory Filings on SEC
Company Contact
Address: 7660 CENTURION PARKWAY, SUITE 100
JACKSONVILLE FL 32256
Tel: 1-949-5743860
Website: https://ir.duostechnologies.com
IR: See website
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Key People
Charles Parker Ferry
Chief Executive Officer, Director 		Andrew Murphy
Chief Financial Officer 		 
Business Overview
Duos Technologies Group, Inc., through its wholly owned subsidiary, Duos Technologies, Inc., designs, develops, deploys, and operates intelligent vision-based technology solutions using machine vision and artificial intelligence (AI) to analyze fast moving freight, passenger and transit trains and trucks streamlining operations, improving safety, and reducing costs. The Company provides solutions that automate the mechanical and security inspection of fast-moving trains, trucks, and automobiles through a broad range of hardware, software, information technology and AI. Its Railcar Inspection Portal (RIP) provides both freight and transit railroad customers and select government agencies the ability to conduct fully remote railcar inspections of trains while they are moving at full speed. It has also developed the automated logistics information system (ALIS) which automates gatehouse operations where transport trucks enter and exit large logistics and intermodal facilities.
Financial Overview
For the fiscal year ended 31 December 2023, Duos Technologies Group Inc revenues decreased 50% to $7.5M. Net loss increased 64% to $11.2M. Revenues reflect Rail segment decrease of 54% to $6.3M, Government segment decrease of 95% to $11K. Higher net loss reflects General and Administration increase of 10% to $9.4M (expense), Research and development increase of 10% to $1.8M (expense).
Employees: 71 as of Dec 31, 2023
Reporting Currency: U.S. Dollars
Enterprise value: $20.10M as of Dec 31, 2023
Annual revenue (TTM): $7.47M as of Dec 31, 2023
EBITDA (TTM): -$10.90M as of Dec 31, 2023
Net annual income (TTM): -$11.24M as of Dec 31, 2023
Free cash flow (TTM): -$9.84M as of Dec 31, 2023
Net Debt Last Fiscal Year: N/A
Shares outstanding: 7,306,663 as of Mar 28, 2024
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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