Duos Technologies Group Q1 2024 GAAP EPS $(0.38), Inline, Sales $1.070M Miss $1.400M Estimate

5/13/24 4:34:08 PM ET

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Duos Technologies Group (NASDAQ:DUOT) reported quarterly losses of $(0.38) per share which met the analyst consensus estimate. The company reported quarterly sales of $1.070 million which missed the analyst consensus estimate of $1.400 million by 23.57 percent. This is a 59.54 percent decrease over sales of $2.644 million the same period last year.

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Date	Price Target	Rating	Analyst
3/3/2022	$10.00	Outperform	Northland Capital Markets

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Duos Technologies Signs $42M Asset Management Agreement with Fortress for 850MW of Power Generation Assets
JACKSONVILLE, Fla., Nov. 20, 2024 (GLOBE NEWSWIRE) -- Duos Technologies Group, Inc. ("Duos" or the "Company") (NASDAQ:DUOT), is pleased to announce that its operating subsidiary Duos Energy Corporation has signed a two-year Asset Management Agreement ("AMA") to deploy and operate a fleet of mobile gas turbines and balance-of-plant inventory ("the portfolio" or "the assets") that has a combined generation capacity of 850 megawatts. The AMA has been signed with affiliates of Fortress Investment Group ("Fortress"); funds managed by affiliates of Fortress are acquiring the portfolio from APR Energy. Through the AMA, Duos will oversee the management and deployment of the assets. Duos is alread
11/20/24 8:10:00 AM ET
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Duos Technologies Group Reports Improved Third Quarter 2024 Results
JACKSONVILLE, Fla., Nov. 19, 2024 (GLOBE NEWSWIRE) -- Duos Technologies Group, Inc. ("Duos" or the "Company") (NASDAQ:DUOT), reported financial results for the third quarter ("Q3 2024") ended September 30, 2024. Third Quarter 2024 and Recent Operational Highlights Delivered and installed Edge Data Center for Amtrak at the Secaucus location. Construction work continues at the site. Received more than $1.4 million in contract modifications at Amtrak including renewal of the subscription utilizing three portals for long-distance passenger trains. Initial discussions for future sites in progress.Expanded investment in new subsidiary, "Duos Edge AI" with the addition of three new EDCs for a
11/19/24 7:00:00 PM ET
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Duos Technologies Group Sets Third Quarter 2024 Earnings Call for Wednesday, November 20, 2024 at 4:00 PM ET
JACKSONVILLE, Fla., Nov. 12, 2024 (GLOBE NEWSWIRE) -- Duos Technologies Group, Inc. ("Duos" or the "Company") (NASDAQ:DUOT) will hold a conference call on Wednesday, November 20, 2024 at 4:00 p.m. Eastern time to discuss its financial results for the third quarter ended September 30, 2024. Financial results will be issued via press release prior to the call. Duos management will host the conference call, followed by a question-and-answer period. Date:Wednesday, November 20, 2024Time:4:00 p.m. Eastern time (1:00 p.m. Pacific time)U.S. dial-in:877-407-3088International dial-in:201-389-0927Confirmation:13749773 Please call the conference telephone number 5-10 minutes prior
11/12/24 8:00:00 AM ET
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Duos Subsidiary, Duos Edge AI Entered Into Secured Promissory Notes For A Total Of $2.2M With Two Institutional Investors In The Company
Duos Technologies Group, Inc. ("Duos" or the "Company") (NASDAQ:DUOT), through its operating subsidiary Duos Edge AI, Inc. ("Duos Edge AI"), a provider of adaptive, versatile, and streamlined Edge Data Center ("EDC") solutions tailored to meet evolving needs in any environment, announced today that it has secured sufficient funding for the production of its first three EDCs. Duos Edge AI entered into secured promissory notes for a total of $2.2 million with two institutional investors in the Company. The funding will be used for the construction, deployment and initial operations of EDCs in remote districts, including for schools, government, and health facilities. The first EDC is expected
7/24/24 8:02:57 AM ET
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Duos Issues Update On Duos Edge AI Subsidiary, Announces That The New President, Doug Recker, Has Identified The Planned Locations For The First 3 Units
Duos Technologies Group, Inc. ("Duos" or the "Company") (NASDAQ:DUOT), through its operating subsidiary Duos Edge AI, Inc., a provider of adaptive, versatile, and streamlined Edge Data Center ("EDC") solutions tailored to meet evolving needs in any environment, announced today that the newly appointed President, Doug Recker, has identified the planned locations for the first three units. The Company is preparing for the construction and installation of the first EDCs exclusively for the new entity which is expected to be deployed and operational in late Q3.
7/17/24 8:15:30 AM ET
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Duos Technologies Announces Strategic Partnership With Class 1 Railroad For Subscription-Based Railcar Inspection System; Amtrak Engages Duos To Build Two High-Speed Systems
First Part Of Systems Shipped During Event; System Capable Of Mechanical Analysis At Speeds Up To 125 MPH, Delivering Safety Data Within 60 Seconds
6/20/24 8:04:40 AM ET
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Duos Technologies Announces Major Business Expansion
JACKSONVILLE, Fla., June 20, 2024 (GLOBE NEWSWIRE) -- Duos Technologies Group, Inc. ("Duos" or the "Company") (NASDAQ:DUOT), held a press conference on June 18th, highlighting key developments in its business strategy. The event was attended by local dignitaries, members of the Jacksonville Chamber of Commerce, and key industry stakeholders. The event was also streamed live via the Duos YouTube channel. CEO Chuck Ferry announced that the Company had signed a strategic partnership with a Class 1 railroad in preparation for rolling out its subscription based railcar inspection system. The System has been under development and is currently in both production and test environments with key
6/20/24 8:00:00 AM ET
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Duos Technologies Group Announces CFO Transition and Strategic Growth Focus
JACKSONVILLE, Fla., April 30, 2024 (GLOBE NEWSWIRE) -- Duos Technologies Group, Inc. ("Duos" or the "Company") (NASDAQ:DUOT) through its operating subsidiary Duos Technologies, Inc. a provider of Machine Vision and Artificial Intelligence ("AI") to analyze fast moving freight, passenger and transit trains and trucks, today announced the re-appointment of Adrian Goldfarb as Chief Financial Officer, effective April 29, 2024, following the departure of Andrew Murphy who has been recruited by another company to serve as their CFO. Mr. Murphy served as Duos' CFO since November 2022 and was instrumental in the development of the finance team to support senior management in preparation for an e
4/30/24 8:00:00 AM ET
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Duos Technologies Group Appoints Power and Logistics Industry Executive Christopher King as Chief Commercial Officer
JACKSONVILLE, Fla., Sept. 06, 2023 (GLOBE NEWSWIRE) -- Duos Technologies Group, Inc. ("Duos" or the "Company") (NASDAQ:DUOT), through its operating subsidiary Duos Technologies, Inc., a provider of machine vision and artificial intelligence that analyzes fast moving vehicles, today announced the appointment of Christopher King, energy and logistics industry veteran, as its new Chief Commercial Officer ("CCO"), effective August 30, 2023. Mr. King joins Duos with over 20 years of operational and commercial leadership experience within the energy and supply chain sectors. Prior to joining Duos, he served in a series of progressive management roles within APR Energy ("APR"), a global fa
9/6/23 8:00:00 AM ET
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Duos Technologies Group Reports Improved Third Quarter 2024 Results
JACKSONVILLE, Fla., Nov. 19, 2024 (GLOBE NEWSWIRE) -- Duos Technologies Group, Inc. ("Duos" or the "Company") (NASDAQ:DUOT), reported financial results for the third quarter ("Q3 2024") ended September 30, 2024. Third Quarter 2024 and Recent Operational Highlights Delivered and installed Edge Data Center for Amtrak at the Secaucus location. Construction work continues at the site. Received more than $1.4 million in contract modifications at Amtrak including renewal of the subscription utilizing three portals for long-distance passenger trains. Initial discussions for future sites in progress.Expanded investment in new subsidiary, "Duos Edge AI" with the addition of three new EDCs for a
11/19/24 7:00:00 PM ET
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Duos Technologies Group Sets Third Quarter 2024 Earnings Call for Wednesday, November 20, 2024 at 4:00 PM ET
JACKSONVILLE, Fla., Nov. 12, 2024 (GLOBE NEWSWIRE) -- Duos Technologies Group, Inc. ("Duos" or the "Company") (NASDAQ:DUOT) will hold a conference call on Wednesday, November 20, 2024 at 4:00 p.m. Eastern time to discuss its financial results for the third quarter ended September 30, 2024. Financial results will be issued via press release prior to the call. Duos management will host the conference call, followed by a question-and-answer period. Date:Wednesday, November 20, 2024Time:4:00 p.m. Eastern time (1:00 p.m. Pacific time)U.S. dial-in:877-407-3088International dial-in:201-389-0927Confirmation:13749773 Please call the conference telephone number 5-10 minutes prior
11/12/24 8:00:00 AM ET
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Duos Edge AI Acquires Additional Edge Data Centers
JACKSONVILLE, Fla., Nov. 07, 2024 (GLOBE NEWSWIRE) -- Duos Technologies Group, Inc. ("Duos" or the "Company") (NASDAQ:DUOT), through its operating subsidiary Duos Edge AI, Inc. ("Duos Edge AI"), a provider of adaptive, versatile, and streamlined Edge Data Center ("EDC") solutions tailored to meet evolving needs in any environment, announced the early deployment of three new EDCs across Texas. The accelerated acquisition was enabled by using a financing partner, underscoring the Company's fast-to-market capabilities in delivering edge computing solutions for underserved areas. These additional EDCs will provide low-latency, high-speed internet access tailored for remote districts, directly
11/7/24 8:00:00 AM ET
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Duos Technologies Group Q1 2024 GAAP EPS $(0.38), Inline, Sales $1.070M Miss $1.400M Estimate

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Recent Analyst Ratings for $DUOT

$DUOT Press Releases

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Duos Technologies Signs $42M Asset Management Agreement with Fortress for 850MW of Power Generation Assets

Duos Technologies Group Reports Improved Third Quarter 2024 Results

Duos Technologies Group Sets Third Quarter 2024 Earnings Call for Wednesday, November 20, 2024 at 4:00 PM ET

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Northland Capital Markets initiated coverage on Duos Technologies Group with a new price target

Duos Subsidiary, Duos Edge AI Entered Into Secured Promissory Notes For A Total Of $2.2M With Two Institutional Investors In The Company

Duos Issues Update On Duos Edge AI Subsidiary, Announces That The New President, Doug Recker, Has Identified The Planned Locations For The First 3 Units

Duos Technologies Announces Strategic Partnership With Class 1 Railroad For Subscription-Based Railcar Inspection System; Amtrak Engages Duos To Build Two High-Speed Systems

$DUOT Leadership Updates

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Duos Technologies Announces Major Business Expansion

Duos Technologies Group Announces CFO Transition and Strategic Growth Focus

Duos Technologies Group Appoints Power and Logistics Industry Executive Christopher King as Chief Commercial Officer

$DUOT SEC Filings

Duos Technologies Group Inc. filed SEC Form 8-K: Results of Operations and Financial Condition, Regulation FD Disclosure, Financial Statements and Exhibits

Duos Technologies Group Inc. filed SEC Form 8-K: Other Events, Financial Statements and Exhibits

SEC Form 10-Q filed by Duos Technologies Group Inc.

$DUOT Insider Trading

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Director Lonegro Frank A was granted 3,396 shares, increasing direct ownership by 32% to 14,078 units (SEC Form 4)

Director Ehrman Kenneth S was granted 4,245 shares, increasing direct ownership by 7% to 67,784 units (SEC Form 4)

Director Mavrommatis Ned was granted 2,547 shares, increasing direct ownership by 8% to 33,307 units (SEC Form 4)

$DUOT Large Ownership Changes

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Amendment: SEC Form SC 13G/A filed by Duos Technologies Group Inc.

SEC Form SC 13G/A filed by Duos Technologies Group Inc. (Amendment)

SEC Form SC 13G/A filed by Duos Technologies Group Inc. (Amendment)

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Duos Technologies Group Reports Improved Third Quarter 2024 Results

Duos Technologies Group Sets Third Quarter 2024 Earnings Call for Wednesday, November 20, 2024 at 4:00 PM ET

Duos Edge AI Acquires Additional Edge Data Centers

Ferry Charles Parker bought $10,187 worth of shares (3,773 units at $2.70) (SEC Form 4)

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