---
schema_version: "secwatch.filing_event.v1"
accession: "0001079973-23-000737"
form_type: "8-K"
ticker: "DUOT"
cik: "0001396536"
company_name: "DUOS TECHNOLOGIES GROUP, INC."
filed_at: "2023-05-16T23:59:59+00:00"
generated_at: "2026-06-14T23:27:02.777589+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Duos Technologies Q1 revenue up 84% to $2.64M, net loss narrows; FY guidance reaffirmed $20M-$21M

## Summary
- Revenue $2.64M (+84% YoY); gross margin $537K (+142%); net loss $2.14M vs $2.64M loss in Q1 2022.
- Cash $4.34M, up from $1.12M at Dec 2022, after $4M Series E preferred stock raise.
- Backlog $9.4M with $7.7M expected recognized in remainder 2023; FY guidance $20M-$21M reiterated.
- 37 AI models deployed, targeting >50 by year-end; add-on $1.9M for passenger portal boosts contract to $13.5M.
- Q2 revenue expected similar to Q1; ramp in H2; subscription model installation begins H2 2023.

## SEC filing metadata
- accession: 0001079973-23-000737
- form_type: 8-K
- ticker: DUOT
- cik: 0001396536
- company_name: DUOS TECHNOLOGIES GROUP, INC.
- filed_at: 2023-05-16T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1396536/000107997323000737/0001079973-23-000737-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1396536/000107997323000737/duot_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001079973-23-000737
- JSON: https://secwatch.observer/filing/0001079973-23-000737.json
- Plain text: https://secwatch.observer/filing/0001079973-23-000737.txt

## Key facts
- Earnings Releases
  DUOS TECHNOLOGIES GROUP, INC. reported first quarter ended March 31, 2023 results: revenue $2.64 million, net income $2.14 million. Guidance reaffirmed.
  - Period: first quarter ended March 31, 2023
  - Revenue: $2.64 million
  - Net income: $2.14 million
  - Guidance: reaffirmed
  - Result: reported results
  source text: 2 ex991x1.htm EXHIBIT 99.1 Exhibit 99.1 Duos Technologies Group Reports First Quarter 2023 Results Strong First Quarter Performance Driven by 84% Revenue Increase to $2.64 Million Continued Progress in Artificial Intelligence Development with Over 50 Planned Use Cases by Year-end JACKSONVILLE, FL / Globe Newswire / May 15, 2023 - Duos Technologies Group,
  evidence_url: https://www.sec.gov/Archives/edgar/data/1396536/000107997323000737/0001079973-23-000737-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.