Welcome to our dedicated page for Duos Technologies Group news (Ticker: DUOT), a resource for investors and traders seeking the latest updates and insights on Duos Technologies Group stock.
Duos Technologies Group, Inc. (DUOT) is a prominent provider of advanced, AI-driven digital video security systems catering to a diverse range of sectors including government, transportation, commercial, and healthcare industries. The company designs and manufactures a comprehensive array of security systems that encompass intelligent video surveillance and monitoring, automatic digital video recording, intrusion detection (both indoor and outdoor), and integrated intelligent command. Their product portfolio also extends to intelligent perimeter security, browser-based video and alarm monitoring, human-machine interfaces, electronic access control, biometric readers, and identification badge systems.
In addition to security systems, Duos Technologies Group, Inc. offers robust information technology solutions. These include network design topology, program and application development, wide and local area networking, infrastructure cabling, IP telephony and video, virtual private networks (VPNs) and security, remote network administration, data services, historical data collection and reporting, production assets analysis, and disaster recovery services.
Operating under the brand name duostech, Duos Technologies Group, Inc. focuses on intelligent technology solutions specifically tailored for the rail, logistics, and intermodal industries. These solutions are designed to streamline operations, enhance safety, and reduce costs. Their flagship product, the Railcar Inspection Portal (RIP), allows for automated railcar inspections at full train speeds, serving both freight and transit railroads and select government agencies. Another significant innovation by the company is the Automated Logistics Information System (ALIS), which automates gatehouse operations at large logistics and intermodal facilities.
The company boasts a well-diversified business model, with segments spanning Rail, Commercial, Government, Banking, and AI. One of the latest milestones includes securing a new support and AI agreement, projecting an annual recurring revenue of $360,000. Despite a short-term revenue decline attributed to transitioning to a subscription revenue model, Duos Technologies has demonstrated significant operational progress and an expanding pipeline of opportunities. Their recent achievements also include obtaining another patent for their RIP technology, solidifying their position as a leader in high-speed scanning of freight and passenger rolling stock.
Overall, Duos Technologies Group, Inc. continues to make key strides in advancing their strategic initiatives and intellectual property, setting a solid foundation for anticipated improvements in their financial results and operational performance.
Duos Technologies Group, Inc. (Nasdaq: DUOT) will host a conference call on August 12, 2021, at 4:30 p.m. ET, to discuss its financial performance for the second quarter ending June 30, 2021. An official press release detailing the financial results will precede the call. The call will include a Q&A segment following management's presentation. Interested parties can join via U.S. dial-in 877-226-0954 or International dial-in 303-223-0117. For further details, visit their website.
Duos Technologies Group, Inc. (NASDAQ:DUOT) has been added to the Russell Microcap® Index following the 2021 annual reconstitution, effective June 28, 2021. This inclusion signifies a recognition of the company's growth and sustainable business practices, as stated by CEO Chuck Ferry. The Russell indexes serve as important benchmarks for investment strategies, with $10.6 trillion in assets linked to them. Duos specializes in intelligent technologies for the rail and logistics sectors, offering solutions that enhance operations and safety.
Duos Technologies Group, Inc. (NASDAQ:DUOT) has scheduled a conference call for May 13, 2021, at 4:30 p.m. ET to discuss its financial results for Q1 2021, which ended on March 31, 2021. The company, known for its intelligent security analytical technology solutions, will provide updates and insights during the call, followed by a Q&A session. Financial results will be released via press announcement beforehand. Interested participants can join via U.S. dial-in at 877-407-3088 or international dial-in at 201-389-0927.
Duos Technologies Group, Inc. (NASDAQ:DUOT) announced the addition of 25 new perspectives to its Railcar Inspection Portal solution, enhancing its obliquevue offering. These perspectives capture images at four times the resolution, improving inspection capabilities. The obliquevue has been developed as part of a rapid development initiative, responding to customer needs efficiently. Currently in production at a major Class 1 Railroad, these innovations are expected to improve deployment speed and customer satisfaction, paving the way for further advancements in the next 18 months.
Duos Technologies Group (NASDAQ:DUOT) will present at the Planet MicroCap Showcase: VIRTUAL on April 21, 2021 at 12:00 PM ET. CEO Chuck Ferry will lead the presentation and answer investor questions. Interested attendees can register for the event and access the live webcast via the provided links. 1-on-1 meetings with Duos are also available during the event through a secure video platform. If unable to attend live, recordings will be accessible later on the conference platform.
Duos Technologies Group reported Q4 and full-year 2020 financial results. Total Q4 revenue decreased 34% year-over-year to $3.78 million, but sequentially increased 195%. Full-year revenue fell 41% to $8.04 million due to COVID-related order delays. Gross profit for Q4 was down 48% to $1.65 million, and the net loss was $426,000. For 2021, the company projects revenue of $18 million, anticipating breakeven operations and positive cash flow, bolstered by recent capital raises. Operational improvements are aimed at enhancing customer relationships and product quality.
Duos Technologies Group, Inc. (NASDAQ:DUOT) announced a conference call on March 25, 2021, at 4:30 p.m. Eastern time to discuss its fourth quarter and full year financial results for 2020. A press release detailing the financial results will precede the call. The call will include a question-and-answer session led by Duos' management. Interested parties are encouraged to call 5-10 minutes before the start time and can access the call via U.S. dial-in at 877-407-3088 or international dial-in at 201-389-0927.
Duos Technologies Group, Inc. (NASDAQ:DUOT) has appointed rail industry expert Ed L. Harris to its Board of Directors. Harris, former COO of CSX Corporation, will lead the Nominating and Governance Committees and serve on the Audit Committee. His extensive experience in rail operations and technology is expected to enhance Duos' growth strategy and customer solutions. With a strong focus on improving rail industry technology, Harris aims to address significant market needs as the sector undergoes transformation.
Duos Technologies Group reported Q3 2020 revenues of $1.28 million, a 42% decline from $2.20 million year-over-year. Gross profit decreased 71% to $295,000, influenced by increased costs and project delays. Operating expenses rose 39% to $3.00 million, primarily due to a one-time CEO retirement charge. The net loss expanded to $2.71 million from $1.14 million last year. Despite challenges, Duos secured contracts worth $1.3 million and aims for $7.5-$8 million in 2020 revenues, anticipating improved performance in 2021.
Duos Technologies Group, Inc. (NASDAQ:DUOT) will hold a conference call on November 12, 2020, at 4:30 p.m. Eastern to discuss its third quarter financial results for the period ending September 30, 2020. The financial results will be shared via press release before the call, which will include a Q&A session with management. Dial-in details are provided for U.S. and international participants. Duos Technologies offers advanced analytical technology solutions, focusing on machine learning and AI for sectors including transportation and banking.
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