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Duos Technologies Group Inc - DUOT STOCK NEWS

Welcome to our dedicated news page for Duos Technologies Group (Ticker: DUOT), a resource for investors and traders seeking the latest updates and insights on Duos Technologies Group.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Duos Technologies Group's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Duos Technologies Group's position in the market.

News
Duos Technologies Group Reports Fourth Quarter and Full Year 2023 Results
Rhea-AI Summary
Duos Technologies Group, Inc. reported a short-term revenue decline in Q4 2023 due to the transition to a subscription revenue model. Despite this, the company made significant operational progress, securing new contracts, expanding collaborations, and appointing a new Chief Commercial Officer. The company's financial results showed a decrease in total revenue, gross margin, and an increase in operating expenses. However, the company maintained a strong liquidity position with cash and cash equivalents. The management anticipates improved operating results in 2024 with a growing pipeline of opportunities.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-10.54%
Tags
earnings
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News
Duos Technologies Group Sets Fourth Quarter and Full Year 2023 Earnings Call for Monday, April 1, 2024 at 4:30 PM ET
Rhea-AI Summary
Duos Technologies Group, Inc. will hold a conference call to discuss its financial results for Q4 and full year 2023. The call will take place on April 1, 2024, at 4:30 p.m. Eastern time. Duos is a provider of Machine Vision and AI for analyzing trains and trucks.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.23%
Tags
earnings
-
News
Mexican Rail Operator Renews Support Contract and Adds Duos AI
Rhea-AI Summary
Duos Technologies Group, Inc. announces a new AI subscription agreement securing $360,000 in annual recurring revenue. The agreement includes AI detections for railcar inspections, maintenance services, and field support. Duos' AI solutions are revolutionizing the rail industry, enhancing safety, maintenance, and operational efficiency for freight and passenger rail carriers.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.47%
Tags
AI
News
Duos Granted AI Patent
Rhea-AI Summary
Duos Technologies Group, Inc. announces a groundbreaking patent for using Artificial Intelligence to detect defects in trains, reinforcing their commitment to improving rail safety. The patent covers the use of supervised Machine Learning and introduces the 'human in the loop' feature, empowering rail industry professionals to conduct accurate and efficient inspections. Duos' AI-driven approach aims to prevent derailments and set a new safety standard in the rail industry through innovation and strategic advancements in artificial intelligence.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.12%
Tags
AI
-
News
Duos RIP® Scans Over Eight and a Half Million Railcars in ‘23
Rhea-AI Summary
Duos Technologies Group, Inc. reported that its Railcar Inspection Portal technology performed over 8.5 million comprehensive railcar scans in 2023, covering approximately 40% of the total freight car population in North America. The company has formalized a long-term partnership with a major Class 1 railroad to develop critical AI solutions, and has introduced a subscription offering now in use at major freight and passenger carriers. Duos has been implementing inspection and AI technologies at railroads for over 13 years and is focused on monetizing the growing amount of data collected on railcars passing through its systems.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
11.18%
Tags
none
-
News
Duos Secures $2.4 Million AI Subscription and Services Agreement
Rhea-AI Summary
Duos Technologies Group, Inc. announces a multi-year partnership with a leading Class 1 railroad to implement AI-Based Defect Detection models into their operations, setting new industry standards for railway safety. The partnership aims to enhance railway safety, expedite waivers from regulatory requirements, and optimize safe transit across North America.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
9.9%
Tags
AI
News
Duos Technologies Group Reports Third Quarter 2023 Results
Rhea-AI Summary
Duos Technologies Group, Inc. (Nasdaq: DUOT) reported Q3 2023 financial results, highlighting a decrease in total revenue and a significant increase in net operating loss. Despite this, the company implemented its first subscription services agreement, performed 2.3 million railcar scans, and strengthened industry collaborations. The Q3 2023 financial results show a decrease in total revenue, gross margin, and an increase in operating expenses and net operating loss.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-16.05%
Tags
earnings
-
News
Duos Technologies Group Sets Third Quarter 2023 Earnings Call for Tuesday, November 14, 2023 at 4:30 PM ET
Rhea-AI Summary
Duos Technologies Group, Inc. will hold a conference call on November 14, 2023, to discuss its financial results for the third quarter ended September 30, 2023. The call will be hosted by Duos management and will include a question-and-answer period. The conference call will be broadcast live via telephone and available for online replay.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.87%
Tags
earnings
-
News
Duos Technologies to Present at Railway Interchange 2023 Conference on October 3, 2023
Rhea-AI Summary
Duos Technologies Group, Inc. to present at Railway Interchange 2023, emphasizing the synergy of AI and human expertise in the rail industry.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.78%
Tags
conferences
News
Duos Technologies Group Appoints Power and Logistics Industry Executive Christopher King as Chief Commercial Officer
Rhea-AI Summary
Duos Technologies appoints Christopher King as new Chief Commercial Officer
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.29%
Tags
management
Stock DUOT logo
Duos Technologies Group Inc

Nasdaq:DUOT

DUOT Rankings

N/A Ranked by Market Cap
#2277 Ranked by Stock Gains
N/A Ranked by Dividends

DUOT Stock Data

22.50M
3.93M
28.9%
32.57%
0.78%
Data Processing, Hosting, and Related Services
Information
Link
United States
Jacksonville

About DUOT

duos technologies, inc. designs and manufactures artificial intelligence-driven digital video security systems for government, transportation, commercial, and health care industries. it offers security systems, including intelligent video surveillance and monitoring, automatic digital video recording, indoor and outdoor intrusion detection, integrated intelligent command, intelligent perimeter security, browser-based video and alarm monitoring, human machine interface, electronic access control, biometric readers, and identification badge systems. the company also provides information technology solutions, such as network design topology, program and application development, wide and local area networking, infrastructure cabling, ip telephony and video, virtual private networks and security, remote network administration, data services, historical data collection and reporting, production assets analysis, intrusion detection services, and disaster recovery services. in addition, duos t