Duos Tech prelim FY22 rev $15.4M (+86% YoY); guides FY23 rev $20-21M

DUOS TECHNOLOGIES GROUP, INC.

2022-FY EPS reported -$1.11 revenue$15,012,366

FY22 revenue ~$15.4M (+86% YoY), highest annual; Q4 rev ~$6.3M (+71%), highest quarterly.
Recurring revenue up 25-30% YoY; short-term liquidity $4.5M at year-end vs $2.6M prior year.
Backlog >$10.7M; expects to recognize $8.4M in 2023.
FY23 revenue guidance $20-21M, representing 30-36% growth over FY22.
Final results subject to audit; comprehensive report expected by end of March.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

DUOS TECHNOLOGIES GROUP, INC. reported the quarter and year ended December 31, 2022 results: revenue total revenue for the full year 2022 to be approximately $15.4 million. Guidance initiated.

Period: the quarter and year ended December 31, 2022
Revenue: total revenue for the full year 2022 to be approximately $15.4 million
Guidance: initiated
Result: preliminary results

Exact text from the filing

Duos Technologies Group Issues Preliminary Fourth Quarter and Full Year 2022 Results, Sets Initial 2023 Outlook 2023 Revenue Guidance Set Between $20.0 Million and $21.0 Million

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51 earnings releases filed in the last 30 days. Browse all earnings releases →

DUOS TECHNOLOGIES GROUP, INC. filing history →

Source: SEC EDGAR

accession 0001553350-23-000087

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