---
schema_version: "secwatch.filing_event.v1"
accession: "0001079973-24-001248"
form_type: "8-K"
ticker: "DUOT"
cik: "0001396536"
company_name: "DUOS TECHNOLOGIES GROUP, INC."
filed_at: "2024-08-14T23:59:59+00:00"
generated_at: "2026-05-31T09:16:48.893116+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Duos Tech Q2 revenue $1.51M (-15% YoY), net loss $3.2M; backlog $19.6M, recurring revenue up 38%

## Summary
- Total revenue $1.51M in Q2 2024, down 15% from $1.77M in Q2 2023; technology systems revenue fell to $265K.
- Recurring services and consulting revenue rose 38% to $1.245M driven by new AI/subscription customers.
- Net loss expanded to $3.20M from $2.99M; cash and equivalents declined to $0.51M from $2.44M at Dec 2023.
- Backlog of $19.6M includes $10.9M Class 1 railroad data agreement; expects $6.9M recognized in H2 2024.
- Formed Duos Edge AI and Duos Energy subsidiaries; three EDCs in production with ~$1M ARR expected Q4.

## SEC filing metadata
- accession: 0001079973-24-001248
- form_type: 8-K
- ticker: DUOT
- cik: 0001396536
- company_name: DUOS TECHNOLOGIES GROUP, INC.
- filed_at: 2024-08-14T23:59:59+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/1396536/000107997324001248/0001079973-24-001248-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1396536/000107997324001248/duot_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001079973-24-001248
- JSON: https://secwatch.observer/filing/0001079973-24-001248.json
- Plain text: https://secwatch.observer/filing/0001079973-24-001248.txt

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