---
schema_version: "secwatch.filing_event.v1"
accession: "0001079973-23-001615"
form_type: "8-K"
ticker: "DUOT"
cik: "0001396536"
company_name: "DUOS TECHNOLOGIES GROUP, INC."
filed_at: "2023-11-15T23:59:59+00:00"
generated_at: "2026-06-08T02:10:29.183272+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Duos Tech Q3 revenue drops 62% to $1.53M, net loss widens; withdraws 2023 guidance

## Summary
- Revenue $1.53M (-62% YoY); net loss $2.95M vs $1.93M loss in Q3 2022.
- Gross margin $227k (-79% YoY); operating loss $2.97M vs $1.87M loss.
- Withdrew FY2023 guidance due to project delays and extended customer budgeting cycles.
- First subscription agreement with passenger transit operator, $300k+ annually; transition to recurring model.
- Backlog $6.4M; expects $1-2M recognized in 2023; cash $3.27M vs $1.12M at year-end 2022.

## SEC filing metadata
- accession: 0001079973-23-001615
- form_type: 8-K
- ticker: DUOT
- cik: 0001396536
- company_name: DUOS TECHNOLOGIES GROUP, INC.
- filed_at: 2023-11-15T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1396536/000107997323001615/0001079973-23-001615-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1396536/000107997323001615/duot_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001079973-23-001615
- JSON: https://secwatch.observer/filing/0001079973-23-001615.json
- Plain text: https://secwatch.observer/filing/0001079973-23-001615.txt

## Key facts
- Earnings Releases
  DUOS TECHNOLOGIES GROUP, INC. reported the first nine months of 2023 results: revenue $5.95 million.
  - Period: the first nine months of 2023
  - Revenue: $5.95 million
  - Result: reported results
  source text: Total revenue decreased 35% to $5.95 million from $9.08 million in the same period last year.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1396536/000107997323001615/0001079973-23-001615-index.htm
- Earnings Releases
  DUOS TECHNOLOGIES GROUP, INC. reported the third quarter of 2023 results: revenue $1.53 million, net income $2.95 million.
  - Period: the third quarter of 2023
  - Revenue: $1.53 million
  - Net income: $2.95 million
  - Result: reported results
  source text: Total revenue for Q3 2023 decreased 62% to $1.53 million
  evidence_url: https://www.sec.gov/Archives/edgar/data/1396536/000107997323001615/0001079973-23-001615-index.htm

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