---
schema_version: "secwatch.filing_event.v1"
accession: "0001553350-22-000915"
form_type: "8-K"
ticker: "DUOT"
cik: "0001396536"
company_name: "DUOS TECHNOLOGIES GROUP, INC."
filed_at: "2022-11-16T23:59:59+00:00"
generated_at: "2026-06-21T17:21:57.682967+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Duos Tech Q3 revenue up 131% to $4.02M; reaffirms FY revenue $16.5M-$18M

## Summary
- Q3 revenue $4.02M (vs $1.74M) +131% YoY; net loss narrowed to $1.93M (vs $2.45M).
- Reaffirms FY2022 revenue guidance $16.5M-$18M (99%-117% YoY growth); backlog ~$12-14M.
- Ends Q3 with cash $4.97M, up from $893K at YE2021; raised $4.01M in Oct 2022 PIPE.
- Appointed Andrew Murphy as CFO effective Nov 15, succeeding Adrian Goldfarb (consulting role).
- Operational: scanned 2M railcars in Q3 (+33% QoQ); 30 AI detection models deployed.

## SEC filing metadata
- accession: 0001553350-22-000915
- form_type: 8-K
- ticker: DUOT
- cik: 0001396536
- company_name: DUOS TECHNOLOGIES GROUP, INC.
- filed_at: 2022-11-16T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1396536/000155335022000915/0001553350-22-000915-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1396536/000155335022000915/duot_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001553350-22-000915
- JSON: https://secwatch.observer/filing/0001553350-22-000915.json
- Plain text: https://secwatch.observer/filing/0001553350-22-000915.txt

## Key facts
- Earnings Releases
  DUOS TECHNOLOGIES GROUP, INC. reported third quarter ended September 30, 2022 results: revenue $4.02 million, net income Net loss for Q3 2022 totaled $1.93 million. Guidance reaffirmed.
  - Period: third quarter ended September 30, 2022
  - Revenue: $4.02 million
  - Net income: Net loss for Q3 2022 totaled $1.93 million
  - Guidance: reaffirmed
  - Result: reported results
  source text: Duos Technologies Group Reports Third Quarter and Nine Month 2022 Results Third Quarter Results Highlighted by Revenue Increase to $4.02 Million, up 131% Year-Over-Year Reaffirmed Full Year 2022 Revenue Outlook of Between $16.5 Million and $18 Million, Representing an Increase of 99% to 117% Year-Over-Year
  evidence_url: https://www.sec.gov/Archives/edgar/data/1396536/000155335022000915/0001553350-22-000915-index.htm

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