Duos Technologies Q3 revenue up 112% to $3.24M; net loss narrows 53% to $1.4M

DUOS TECHNOLOGIES GROUP, INC.

2024-Q3 EPS reported -$0.98 revenue$5,820,086

Revenue $3.24M vs $1.53M YoY; recurring services up 88% to $1.55M.
Net loss improved to $1.40M from $2.95M; operating loss down to $1.92M.
Cash and short-term liquidity ~$2.86M; warrants exercised for $0.9M, none outstanding.
Backlog of $18.8M including $10M non-monetary data access deal with a Class 1 railroad.
Duos Edge AI adds 3 EDCs expecting $3.3M annual recurring revenue in 2025; new power consulting unit generated $0.5M.

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