secwatch.observer — SEC 8-K summary
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Issuer:     DUOS TECHNOLOGIES GROUP, INC. (DUOT)
CIK:        0001396536
Form:       8-K
Filed at:   2022-11-16T23:59:59+00:00
Accession:  0001553350-22-000915
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1396536/000155335022000915/0001553350-22-000915-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1396536/000155335022000915/duot_8k.htm
  HTML page:      https://secwatch.observer/filing/0001553350-22-000915

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer