Duos Technologies Group Inc Stock Price, News & Analysis

Duos Technologies Group, Inc. (NASDAQ:DUOT) will hold a conference call on March 30, 2022, at 4:30 p.m. Eastern to discuss its financial results for the fourth quarter and full year ending December 31, 2021. The results will be released prior to the call. Participants can join by calling 877-407-3088 in the U.S. or 201-389-0927 internationally. Duos Technologies specializes in vision-based analytical solutions for rail and logistics, aiming to enhance safety and reduce costs.

Duos Technologies Group (NASDAQ:DUOT) has been invited to the Winter Wonderland Best Ideas Virtual Investor Conference from February 8-11, 2022. The company's presentation is scheduled for February 9 at 12:30 p.m. Eastern, with live webcasting available for replay. Duos specializes in vision-based analytical technology solutions, aiming to enhance safety and operational efficiency for rail, logistics, and government sectors. Interested investors can request further information or one-on-one meetings via their investor relations contact.

Duos Technologies Group (NASDAQ:DUOT) announced a public offering of 1,325,000 shares at a price of $4.00 per share, expecting gross proceeds of approximately $5.3 million. The offering includes a 30-day option for underwriters to purchase an additional 198,750 shares. Net proceeds will be utilized for acquisitions, general corporate purposes, and working capital. The offering is set to close around February 8, 2022, contingent on customary closing conditions. Northland Capital Markets is the sole book-running manager.

Duos Technologies Group, Inc. (NASDAQ:DUOT) has announced a registered public offering of its common stock. The company will also grant the underwriter a 30-day option to purchase an additional 15% of the shares sold. The proceeds from this offering are intended for potential acquisitions, general corporate purposes, and working capital. The offering is subject to market conditions and is backed by Northland Capital Markets as the sole book-running manager. Full offering terms will be disclosed in a prospectus supplement filed with the SEC.

Duos Technologies Group (NASDAQ:DUOT) announced preliminary financial results for Q4 and full-year 2021, predicting total revenue of approximately $8.29 million, a 3.6% increase from previous estimates. The Q4 net loss is estimated to be between $250,000 and $295,000, showing over 31% improvement year-over-year. The company projects 2022 revenue between $16.5 million and $18 million, indicating more than a doubling of revenue from 2021. Despite ongoing supply chain challenges, Duos expects to achieve significant growth and progress towards profitability.

Duos Technologies Group (NASDAQ:DUOT) has secured a significant contract valued at over $2.7 million from a Class I rail operator to enhance inspection operations at the U.S.-Mexico border. The contract involves deploying a Railcar Inspection Portal powered by Duos' Expert Artificial Intelligence for automated inspections, integrated with U.S. government operations. The deal includes both project and recurring revenues, with maintenance and AI services expected to be renewed annually. Installation is projected for completion within 2022, marking a step towards improved efficiency in the railroad industry.

Duos Technologies Group (NASDAQ:DUOT) has secured a landmark contract with a major Canadian transit agency for its Automatic Pantograph Inspection System (apis®). Valued at over $500,000, the system will enhance mechanical inspections of railcars in transit and is expected to be operational within the year. This contract signifies a broader trend towards automation in the rail industry. Additionally, Duos anticipates further announcements regarding potential deployments as discussions with clients progress.

Duos Technologies Group (NASDAQ:DUOT) announced a new contract with CSX Corporation (NASDAQ:CSX) for an additional Railcar Inspection Portal, marking the third installation in their ongoing partnership. This contract includes annual service and maintenance, along with the implementation of Duos' truevue360 platform and Expert Artificial Intelligence technology. Installation is expected to be completed by Q2 2022, showcasing a trend in the railroad industry towards automated inspections.

Duos Technologies Group (NASDAQ:DUOT) has been invited to present at the inaugural Wells Fargo Tech in Transportation Forum on December 16, 2021, at 11:50 a.m. Eastern time. The event will be virtual and will include a one-on-one Q&A session moderated by Wells Fargo's Allison Poliniak-Cusic. The forum aims to address complex supply challenges and features presentations from leading innovators in the transportation sector. Duos provides intelligent vision-based technology solutions that enhance safety and streamline operations in rail and logistics.