8-K
filed March 31, 2023, 7:59 PM ET
ticker DUOT
CIK 0001396536
earnings
confidence high
sentiment neutral
materiality 0.70
Duos Tech FY2022 revenue up 82% to $15M; guides FY2023 $20-21M
DUOS TECHNOLOGIES GROUP, INC.
2023-Q1 EPS reported
-$0.30
revenue$2,644,288
- Q4 2022 revenue $5.93M (+71% YoY); FY2022 total $15.01M vs $8.26M in 2021.
- Net loss for FY2022 $6.86M (improved operating loss to $6.87M from $7.46M).
- Reaffirms 2023 revenue outlook $20-21M, representing 33-40% growth over 2022.
- Backlog $10.7M at year-end; expects to recognize $8.4M in 2023.
- Raised $4.0M via Series E Convertible Preferred Stock in March 2023 from existing investors.
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 full year ended December 31, 2022 results: revenue $15.01 million. Guidance reaffirmed.
- Period
- the full year ended December 31, 2022
- Revenue
- $15.01 million
- Guidance
- reaffirmed
- Result
- reported results
Exact text from the filing
Total revenue increased 82% to $15.01 million compared to $8.26 million for 2021
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
DUOS TECHNOLOGIES GROUP, INC. reported the fourth quarter ended December 31, 2022 results: revenue $5.93 million, net income $952,000. Guidance reaffirmed.
- Period
- the fourth quarter ended December 31, 2022
- Revenue
- $5.93 million
- Net income
- $952,000
- Guidance
- reaffirmed
- Result
- reported results
Exact text from the filing
Total revenue for Q4 2022 increased 71% to $5.93 million compared to $3.72 million in the fourth quarter of 2021
View on SEC.gov
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