secwatch.observer — SEC 8-K summary
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Issuer:     DUOS TECHNOLOGIES GROUP, INC. (DUOT)
CIK:        0001396536
Form:       8-K
Filed at:   2023-03-31T23:59:59+00:00
Accession:  0001553350-23-000243
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Duos Tech FY2022 revenue up 82% to $15M; guides FY2023 $20-21M
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1396536/000155335023000243/0001553350-23-000243-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1396536/000155335023000243/duot_8k.htm
  HTML page:      https://secwatch.observer/filing/0001553350-23-000243

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