---
schema_version: "secwatch.filing_event.v1"
accession: "0001079973-24-000704"
form_type: "8-K"
ticker: "DUOT"
cik: "0001396536"
company_name: "DUOS TECHNOLOGIES GROUP, INC."
filed_at: "2024-05-14T23:59:59+00:00"
generated_at: "2026-06-02T00:33:24.446869+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Duos Technologies Q1 revenue drops 60% to $1.07M, net loss widens to $2.75M

## Summary
- Revenue fell 60% YoY to $1.07M; net loss $2.75M vs $2.14M in Q1 2023.
- Backlog and near-term renewals exceed $10M; expects $7M recognized in rest of 2024.
- Received $2.7M award for new Railcar Inspection Portal in industrial application; total RIP patents now 10.
- Formed Duos Edge AI subsidiary to build Edge Data Centers; negotiating with telecom companies for AI/5G.
- Cash and equivalents $2.98M plus $1.5M receivables; management expects revenue ramp in second half.

## SEC filing metadata
- accession: 0001079973-24-000704
- form_type: 8-K
- ticker: DUOT
- cik: 0001396536
- company_name: DUOS TECHNOLOGIES GROUP, INC.
- filed_at: 2024-05-14T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1396536/000107997324000704/0001079973-24-000704-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1396536/000107997324000704/duot_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001079973-24-000704
- JSON: https://secwatch.observer/filing/0001079973-24-000704.json
- Plain text: https://secwatch.observer/filing/0001079973-24-000704.txt

## Key facts
- Earnings Releases
  DUOS TECHNOLOGIES GROUP, INC. reported first quarter Q1 2024 ended March 31, 2024 results: revenue $1.07 million, net income Net loss for Q1 2024 totaled $2.75 million. Guidance reaffirmed.
  - Period: first quarter Q1 2024 ended March 31, 2024
  - Revenue: $1.07 million
  - Net income: Net loss for Q1 2024 totaled $2.75 million
  - Guidance: reaffirmed
  - Result: reported results
  source text: Total revenues for Q1 2024 decreased 60% to $1.07 million
  evidence_url: https://www.sec.gov/Archives/edgar/data/1396536/000107997324000704/0001079973-24-000704-index.htm

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