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Duos Technologies Group Inc (DUOT) Q3 2024 Earnings Call Highlights: Record Revenue Growth and ... [Yahoo! Finance]

Duos Technologies Group, Inc. (DUOT) 
NASDAQ:AMEX Investor Relations: ir.duostechnologies.com
Company Research Source: Yahoo! Finance
Recurring Services and Consulting Revenue (Q3 2024): More than $1.55 million, an 88% increase quarter over quarter. Gross Margin (Q3 2024): $919,000, up 306% from $226,000 in Q3 2023. Operating Expenses (Q3 2024): $2.84 million, a decrease of 11% from $3.2 million in Q3 2023. Net Operating Loss (Q3 2024): $1.92 million, reduced from $2.97 million in Q3 2023. Net Loss (Q3 2024): $1.4 million, a 53% reduction from $2.95 million in Q3 2023. Cash and Cash Equivalents (September 30, 2024): Approximately $646,000. Backlog (End of Q3 2024): More than $18.8 million in revenue. Warning! GuruFocus has detected 9 Warning Signs with DUOT. Release Date: November 20, 2024 For the complete transcript of the earnings call, please refer to the full earnings call transcript Duos Technologies Group Inc ( NASDAQ:DUOT ) signed a two-year asset management agreement worth an estimated $42 million to manage 850 megawatts of power generation assets. The company has expanded its investme Show less Read more
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