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Duos Technologies Group Inc

Duos Technologies Group Inc (DUOT)

3.07
0.30
(10.83%)
Closed July 23 4:00PM
3.07
0.00
( 0.00% )
Pre Market: 7:00AM

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Key stats and details

Current Price
3.07
Bid
2.75
Ask
3.24
Volume
-
0.00 Day's Range 0.00
1.935 52 Week Range 6.99
Market Cap
Previous Close
3.07
Open
-
Last Trade
Last Trade Time
-
Financial Volume
-
VWAP
-
Average Volume (3m)
41,932
Shares Outstanding
7,531,986
Dividend Yield
-
PE Ratio
-2.06
Earnings Per Share (EPS)
-1.49
Revenue
7.47M
Net Profit
-11.24M

About Duos Technologies Group Inc

Duos Technologies Group Inc operating under its brand name duostech, designs, develops, deploys and operates intelligent technology solutions supporting rail, logistics and intermodal businesses that streamline operations, improve safety and reduce costs. The company's main offering, the Railcar Ins... Duos Technologies Group Inc operating under its brand name duostech, designs, develops, deploys and operates intelligent technology solutions supporting rail, logistics and intermodal businesses that streamline operations, improve safety and reduce costs. The company's main offering, the Railcar Inspection Portal (RIP), provides both freight and transit railroad customers and select government agencies the ability to conduct fully automated railcar inspections of trains while they are moving at full speed. It has also developed the Automated Logistics Information System (ALIS) which automates gatehouse operations where transport trucks enter and exit large logistics and intermodal facilities. Show more

Sector
Prepackaged Software
Industry
Prepackaged Software
Headquarters
Jacksonville, Florida, USA
Founded
1970
Duos Technologies Group Inc is listed in the Prepackaged Software sector of the NASDAQ with ticker DUOT. The last closing price for Duos Technologies was $3.07. Over the last year, Duos Technologies shares have traded in a share price range of $ 1.935 to $ 6.99.

Duos Technologies currently has 7,531,986 shares outstanding. The market capitalization of Duos Technologies is $23.12 million. Duos Technologies has a price to earnings ratio (PE ratio) of -2.06.

DUOT Latest News

Duos issues update on Duos Edge AI Subsidiary

JACKSONVILLE, Fla., July 17, 2024 (GLOBE NEWSWIRE) -- Duos Technologies Group, Inc. (“Duos” or the “Company”) (Nasdaq: DUOT), through its operating subsidiary Duos Edge AI, Inc., a provider of...

UPDATE: Duos Featured on WJXT Channel 4

JACKSONVILLE, Fla., June 27, 2024 (GLOBE NEWSWIRE) --  Duos Technologies Group, Inc. (“Duos” or the “Company”) (Nasdaq: DUOT), CEO Chuck Ferry and newly appointed President of Duos Edge AI, Doug...

Duos Featured on WJXT Channel 4

JACKSONVILLE, Fla., June 27, 2024 (GLOBE NEWSWIRE) -- Duos Technologies Group, Inc. (“Duos” or the “Company”) (Nasdaq: DUOT), CEO Chuck Ferry and newly appointed President of Duos Edge AI, Doug...

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...

PeriodChangeChange %OpenHighLowAvg. Daily VolVWAP
10.020.6557377049183.053.212.76360972.99642362CS
40.3814.1263940522.693.212.6325262.8763959CS
120.030.9868421052633.043.89212.1207419322.71070666CS
26-0.58-15.89041095893.655.742.1207343693.27250126CS
52-3.66-54.38335809816.736.991.935272683.51263964CS
156-5.23-63.01204819288.38.851.8008228064.25813221CS
260-2.99-49.33993399346.0613.31.8008228394.95773339CS

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DUOT Discussion

View Posts
toberich8 toberich8 4 weeks ago
Is the float really 7.5 million with 30% owned by institutions? This thing could fly with the right news and unique niche.
👍️0
Adrian1 Adrian1 6 months ago
Nice announcement this morning regarding the award of another Patent – this time for its AI. Duos has been steadily investing and developing in this area and, in my opinion, this will translate to business going forward as the benefits are recognized by the operators and rail car owners. One of the key points here is that part of that investment has gone into building a staff (plus consultants) of highly skilled, experienced rail engineers which (again in my opinion) gives them an advantage in development of rail specific AI models. I encourage everyone to read the Patent (US 11,891,098 B1) which discusses the use of this expertise in “Human in the Loop” feedback models which is why Duos models have such high performance.
👍️0
Adrian1 Adrian1 6 months ago
This morning’s PR on number of rail scans indicates the solid progress Duos is making in scanning the fleet of freight and now passenger railcars in North America. As important as the raw numbers are, my opinion is that this is just the “tip of the iceberg” in terms of what can be done with this technology. In particular, Duos is taking a leadership role in AI by using in-house railroad experts for the development process and not relying on generic AI developers or university students who don’t have the critical industry knowledge or experience. More announcements of subscribers will be the indicator that they are cementing that leadership position.
👍️0
Adrian1 Adrian1 6 months ago
New report from Northland Capital Markets analyst, Mike Latimore.
Summary:
"Duos' main goal is to grow its subscription revenue. Yesterday Duos announced its second and largest such deal at $2.4 million over three years (about $350k per portal per year). The deal is with a current system customer that is adding the full portfolio of AI detection services. The deal and pipeline give us more confidence in our FY24 outlook." Report available at Duos' main goal is to grow its subscription revenue. Yesterday Duos announced its second and largest such deal at $2.4 million over three years (about $350k per portal per year). The deal is with a current system customer that is adding the full portfolio of AI detection services. The deal and pipeline give us more confidence in our FY24 outlook."
Report available at: https://northland.bluematrix.com/docs/pdf/8bfffa6e-a6bf-4187-8203-2debd7bad8c0.pdf
👍️0
Adrian1 Adrian1 6 months ago
Summary: AI, Services, Long-term recurring revenue

News this morning discusses a recent major contract win for Duos. In my opinion, this one is significant as it describes a long-term agreement for the provision of AI data and services for one of the Class 1s. The revenue is all on a recurring basis which the Company has been transitioning to over the past 12 months or so. The CEO’s comment about the investment in development with in-house railroad experts is important. My guess is more to follow.
👍️0
Adrian1 Adrian1 10 months ago
CEO Chuck Ferry recently attended the Railway Interchange 2023 Conference in Indianapolis and was one of the featured speakers following Amit Bose, Head of the Federal Rail Administration. Mr. Ferry drew comparisons with his 26 years in the military, getting soldiers to adopt new technology, with the challenges faced by the rail industry.

Mr. Ferry was subsequently interviewed by Railway Age and the interview can be found on the Duos Technologies website. A video of the presentation will be forthcoming shortly.

or https://www.duostechnologies.com/
👍️0
Adrian1 Adrian1 10 months ago
Some of you have been asking about the recent sale by Duos of its iCAS business to Gelstat Corporation. Duos is focused on developing AI based solutions for moving vehicles with a heavy focus on the Rail industry at this time. Duos had some business in the past in the industrial security arena and had a security based product that it sold to correctional facilities. Duos took the decision some time back to focus its R&D efforts on developing AI for its target market in transport and offered for sale any ancillary businesses that were not specifically involved in those markets. The sale was disclosed in public filings via the last 10Q. Since I am the non-Executive Chairman for Gelstat, I made the introduction but was not involved in the negotiation and recused myself from any decisions. The sale was valued at about $150,000 and involved an older (non-rail) license of Centraco plus some branding and introductions to former clients. No active customer contracts were transferred with the sale.

My opinion is that the sale could be accretive to Duos through the Convertible note and warrants that they received from Gelstat.
👍️0
Adrian1 Adrian1 11 months ago
Subject: Duos Technologies has been awarded Progressive Railroading’s 2023 Reader’s Choice Award

Summary: Progressive Railroading is one of the premier industry journals. Duos has been working with them more closely in the past 18 months and this award seems to recognize the magnitude of the Duos offering.

My opinion: While these awards are not uncommon, it is notable that Duos has been recognized as providing a leading-edge technology for train scanning and AI analysis. You can read more about this on the Duos website.
👍️0
Adrian1 Adrian1 11 months ago
Subject: Is Duos the next NVDIA?

Summary: NVIDIA announced their blowout results last night. I looked back at their historical share price and saw that in 2015, their share price was similar to Duos’ current price.

My Opinion: NVIDIA’s phenomenal growth is driven by their specialized chipsets focused on AI performance. Duos, an NVIDIA Metropolis partner, uses NVIDIA L4 GPUs to power its AI-enabled railcar inspection systems. Duos uses NVIDIA chipsets to drive specialized algorithms that are developed in-house by Duos, facilitating rapid identification and analysis of issues on railcars. Analysts discuss how NVIDIA’s current valuation which is 25x revenue is not necessarily expensive due to the perceived potential growth they could experience in the next several years. While Duos has not achieved its potential yet, the focus on AI, the switch to the subscription model and the orders of magnitude increase in the TAM that this allows, could bode well for Duos in the coming years.
👍️0
Adrian1 Adrian1 11 months ago
PR: Duos has 13 operational portals.

Summary: This PR is now confirming that Duos has 13 operating portals on the North American rail network and has scanned over 3.8 million rail cars through the first half of 2023.

My opinion: During the recent call, management gave perspective on the transition from a largely CAPEX business model to the subscription model. One of the subtleties of this type of transition is maintaining a growing top line while not sacrificing the expected much greater revenue potential from subscriptions. For those on the recent call, Mr. Murphy addressed this by discussing the balance of “short term revenue growth, while not mortgaging its future”. The PR cites that the Company is currently scanning over 3.8 million railcars every six months and at the current rate I would expect them to do 7.5 million an annualized basis. I also expect this to increase as the Company rolls out additional portals and Mr. Ferry addressed this on the call by drawing attention to the “plan to grow to a network of 40 to 50 portals with multiple subscribers each, in the coming 18 to 36 months.” I would recommend everyone read the transcript to get the full context of this announcement.
👍️0
Adrian1 Adrian1 11 months ago
Duos management will host an Earning conference call on Monday August 14, 2023, at 4:30 PM followed by a question-and-answer period. 877-407-3088.

If you would like a question to be addressed, please reply to this post or send to the Company IR team.
👍️0
Adrian1 Adrian1 11 months ago
I am back from a few weeks off for medical leave.

Subject: Recent S1 Registration Filing re: Series E

Summary: Company recently filed an S1 registration statement on behalf of a shareholder covering the shares of common stock issuable upon conversion of the Series E Preferred Stock. This is what is called a “resale” registration statement and covers the potential conversion of shares from a Convertible Preferred deal done some months back.

My Opinion: The market seems to have the wrong impression that somehow, we are now selling stock at $3. There is just one holder of the Series E which is the Company’s largest shareholder and they just bought additional shares at an equivalent of $6.20 per share in connection with their purchase of Series F Preferred Stock. There are no plans to offer any further Series E preferred shares. Feel free to send in any questions on this or other subjects to be addressed at the upcoming Conference Call next Monday.
👍️0
Monksdream Monksdream 1 year ago
Duos Technologies Group Inc NASDAQ: DUOT

GoSymbol lookup
Information Technology : Software | Small Cap GrowthCompany profile
Duos Technologies Group, Inc. is engaged in designing, developing and operating intelligent technology solutions for inspecting and evaluating moving objects. The Company is developing industry solutions for rail, trucking, aviation and other vehicle-based processes. The Company’s portfolio of solutions includes Centraco and Praesidium. Centraco is designed primarily as the user interface to all its systems, as well as the backend connection to third-party applications and databases through both application programming interfaces (APIs) and software development kits (SDKs). This interface is browser-based and hosted within each one of its systems and solutions. Praesidium typically resides as middleware in its systems and manages the various image capture devices and some sensors for input into the Centraco software. The Company has developed a series of industry-specific technologies, including a railcar inspection portal (RIP).
👍️0
Adrian1 Adrian1 1 year ago
“Railway Age” reported on June 7, 2023 that Class 1 railroad CPKC, the result of a merger between Canadian Pacific and Kansas City Southern, is petitioning the Federal Rail Administration for a “Waiver of Compliance” regarding freight car, brake system safety standards. According to the Federal Register, CPKC proposes to implement new technology, Duos Technologies‘ rip® Railcar Inspection (DTRI) that will “allow FRA to confirm remotely at the time a train arrives at the international bridge that the train has passed the Class I or Class III brake test in Sanchez Yard and allows qualified mechanical inspectors to use the DTRI data to confirm the ‘mechanical soundness’ of any train interchanged from KCSM to CPKC.” The full article can be viewed here:
https://www.railwayage.com/regulatory/fra-cpkc-petitions-for-modification-of-waiver-of-compliance-regarding-freight-car-brake-system-safety-standards/?utm_source=&utm_medium=email&utm_campaign=40192
My Opinion: This is a significant development for Duos in that its technology is being directly cited as a key system to be used in automation for a railroad. Duos has been active recently in presenting its technologies to government, regulators and stakeholders.
👍️ 2
Adrian1 Adrian1 1 year ago
The latest edition of Railway Age has just published that the Railway Safety Act of 2023 has been passed by the Senate Committee. The full article can be found at:

https://www.railwayage.com/regulatory/s-576-out-of-committee-what-next/

Summary: S.576 “addresses safety requirements for rail carriers and trains transporting hazardous materials. Specifically, DOT must also establish requirements for wayside defect detectors … Current federal regulations do not require their use, but federal guidance does address their placement and use.”

My Opinion: The bill discusses preventing the so-called 30-second railcar inspections (which are done manually) and mandates a new requirement that ensures railcars are properly inspected. The implication of this is that in order to do rapid inspections, the railroads will need to implement a technology like the Duos RIP which can inspect a moving rail car in seconds and make the results available to a qualified mechanical car inspector for further analysis.

I encourage everyone to listen to the upcoming earnings call to learn more about Duos involvement in this.
👍️0
Adrian1 Adrian1 1 year ago
This is the second earnings call event in 2023 and the first for FY2023 results. If you have the time, I would encourage all who are interested to dial into this event. 877-407-3088 or 201-389-0927, Code:13738333

Although it has been relatively quiet the last few weeks, this is the start of a busy period with the earnings call followed by the Annual Shareholders Meeting the following day. For the earnings call, in addition to the prepared remarks from the CEO and CFO, the analysts typically ask questions at the end which helps provide context on the information presented. While the prepared remarks will cover a review of the financials, the CEO will give further updates on the business and, in my opinion, could offer some insight into the Company’s plans and strategies going forward as well as perspective on recent events.

As we did for the last call, if you would like a question addressed on the call, please email it to DUOT@duostech.com. In the subject line put “Question for Earnings Call”. You can identify yourself or remain anonymous.
👍️0
Adrian1 Adrian1 1 year ago
Just to clarify something after the most recent PR, there was a post from someone we believe is a shareholder with the suggestion that Duos has increased their projected revenue guidance for 2023 to $23 to $24 million.

This may have been a misunderstanding by adding the recently announced contract add-ons of $3M to the current guidance of $20-$21M. The Company has not changed its guidance which remains at an expected $20-$21M for 2023. When the Company gives guidance, it states that the number is based on “committed contracts and near term pending orders that are already performing or scheduled to be executed through the remainder of 2023”. Therefore, these add-ons had been contemplated when the Company determined its guidance of $20-21 million.
👍️0
Adrian1 Adrian1 1 year ago
PR: Duos receives $1.9M Contract add-on

Summary: This is another contract award for enhancements to the systems being installed later this year in the Northeast US. The additions are for enhancements to the vision-based systems which will capture images at up to 125 MPH.

My opinion: This project is very strategic for Duos and the additional award is now the second one in just over a month for a total of approximately $3M for both awards. Although the systems to be installed are based on the Duos RIP technology, these systems will be the first to combine very high-speed data capture with planned AI models to quickly identify potential issues that can then be inspected in greater detail by a qualified mechanical car inspector.
👍️0
Adrian1 Adrian1 1 year ago
Update: This is from Northland Capital Markets regarding the Railway Safety Advisory Committee

“Last week the Railroad Safety Advisory Committee of the Federal Railway Agency held a lengthy meeting to review wayside detection technologies. The Committee is to recommend the type of wayside detectors and procedures that can improve railway safety. The segment on image sensing detectors included information from Duos. Regulatory promotion of image sensing detectors would be a major business driver for Duos in our view.”

My opinion: Although there is nothing definitive in the bill at this time, the fact that we are being shown as one of the technologies is a good sign.
https://northland.bluematrix.com/docs/pdf/4c38dcb9-0630-4d2d-bf4e-ff846274f0a5.pdf

Also from Northland’s analyst, Duos is featured in the Northland Capital AI Index. Northland reported that the index, which is made up of 15 companies, was up 43.5% in 1Q23.
https://northland.bluematrix.com/docs/pdf/e31c1d98-6a76-46d8-ab02-2fc35e20133f.pdf
👍️0
Adrian1 Adrian1 1 year ago
@DUOT Have been asked to comment on the recent offering announcement. The Company’s largest shareholder has just invested a further $4M in a new series of preferred stock (Series E).

My opinion: This is a strategic investment in a Series of Preferred Stock which can be converted into Common Stock at $3 per share i.e., above the current market at the holder’s election.

I believe this is to build a larger position in the Company as its business is expected to grow. There are no dividends or derivative equities issued with this such as Warrants. The above market price purchase is a positive indicator in my opinion. We appreciate their investment and believe it shows a strong belief in the company’s future.
👍️0
Adrian1 Adrian1 1 year ago
Duos Releases New Railcar AI Detection Models for Passenger Rail

Summary: Duos is making further additions to their growing AI catalog with a focus on two very important detections for Passenger rail cars.

My Opinion: I believe Duos is leading the way in producing standardized AI models that take advantage of the extremely high-quality images that are produced by the Duos RIP. Duos is in the process of building two advanced RIPs in the Northeast and expects these new AI models will continue to enhance safety by highlighting two potential defects that are hard to detect using current methods. While the press release is somewhat technical, it demonstrates the close working relationship that Duos has with the industry to understand their requirements for specific inspection tools.
👍️0
Adrian1 Adrian1 1 year ago
Key points from the latest analyst report:

" We believe the combination of Duos hitting critical mass with its AI algorithms last year, increased urgency among rail eco-system participants, likely government involvement in standardization measures, and the ease of consumption via a subscription model should shorten sales cycles.

Duos is the only company with a full end-to-end system, critical mass in AI algorithms, and a subscription option. This model offers the best prevention measures possible to date."
👍️0
Adrian1 Adrian1 1 year ago
New report from Northland Capital Analyst, Mike Lattimore titled “Automated Inspections, Preventive Care for the Rail Industry”

Summary:

The analyst hosted a Non-Deal Roadshow last week and provides highlights in his report. This is an interesting report that brings together several different facets of the DUOT “story”. This is the analyst’s opinion and financial model but makes interesting reading.

https://northland.bluematrix.com/docs/pdf/f542af79-7e6d-429d-b5db-67b9205a5b7e.pdf
👍️0
Adrian1 Adrian1 1 year ago
Duos sets Q4 and FY22 Earnings Call for 3/30/23 @ 4:30PM ET

This is the first earnings call for 2023. If you have the time, I would encourage all who are interested to dial into this event. 877-407-3088 or 201-389-0927, Code:13737078

In addition to the prepared remarks from the CEO and CFO, the analysts usually ask questions at the end which helps provide context on the information presented. While the prepared remarks will cover a review of the financials, the CEO will give updates on the business and, in my opinion, could offer some insight into the Company’s plans and strategies going forward as well as perspective on recent events. If you would like a question addressed on the call, please email it to DUOT@duostech.com. In the subject line put “Question for Earnings Call”. You can identify yourself or remain anonymous.
👍️0
Adrian1 Adrian1 1 year ago
Northland Capital issued updated report this morning by analyst, Mike Latimore.

Discussion of Duos technology, Subscription Economics and AI. Northland originally initiated coverage on March 3, 2022 and periodically issues updates on Duos to its clients.



https://northland.bluematrix.com/docs/pdf/c9538f8d-51f5-4dde-aaf4-955f73b25215.pdf
👍️0
Adrian1 Adrian1 1 year ago
Updated report from Northland Capital.
Summary: "While there are 1,200 train derailments each year in the US, the issue has recently garnered wider attention given high profile derailments. This has prompted more focus on safety at the federal and state level, and among train companies. We believe Duos' AI-powered inspection automation systems can play a big role in reducing risks, and can find 8x the defects of traditional methods. In the note, we also provide the economics around a subscription offering, which can accelerate consumption."
👍️0
Adrian1 Adrian1 1 year ago
PR today highlighting Duos Rail Safety System ready for Nationwide Deployment

Summary: Duos put out statement saying that its Railcar Inspection Portal system is ready to be deployed around the North American Rail Network. There are already 13 systems in place with 2 more to be deployed in the Northeast later this year. It also focuses on how important the qualified rail car inspectors are and that their efforts can be augmented by using this type of technology.

My opinion: This PR is a call to the rail industry to engage with Duos to begin the rollout of this technology. I believe that Congress will be calling senior executives from the industry to testify regarding their plans and that the Duos systems can be rapidly deployed to assist them with detailed efficient inspections. When Positive Train Control (PTC) was implemented several years back, the technology at that time was not really available and had to be developed. Since Duos’ RIPs are already available and working, I believe that this could have as big an impact on the industry as the implementation of Positive Train Control (PTC) was.
👍️0
Adrian1 Adrian1 1 year ago
Another Norfolk Southern train derailed in Ohio, this time in Springfield. On Saturday a train pulling 212 cars derailed. The train likely did not have hazardous material as the East Palestine one did. Nevertheless, this derailment is additional evidence of the need for more monitoring and preventive maintenance. Duos’s AI-driven automated inspection capabilities provide such capabilities. Norfolk is not yet a Duos customer.

https://northland.bluematrix.com/docs/pdf/84bb846a-2905-44e4-a7ad-9066975ab6f7.pdf
👍️0
Adrian1 Adrian1 1 year ago
Re: This morning’s PR regarding Railcar Safety

Summary: PR addresses how technology is being applied to rail infrastructure to enhance safety. Duos has been working with the rail companies to install technology for inspecting trains while they are in-transit. The systems are highly configurable and thus can be designed and built to focus on specific inspection areas.

My Opinion: This PR discusses how Duos’ systems are completely modular and that a basic system looks at a minimum of 25 inspection points while other systems have been significantly upgraded to look at over 90 points. With all the focus on the Ohio derailment, the Company says that its systems can be tailored to look for specific types of defects that could ultimately cause a derailment and the associated “knock-on” effects. The CEO’s statement that while Duos systems have prevented potential derailments, he is not speculating on this latest incident.
👍️0
Adrian1 Adrian1 1 year ago
Duos Technologies on WJXT News4JAX News

https://www.duostechnologies.com/2023/02/21/duos-technologies-on-wjxt-news4jax-news/

Company featured in second half of clip starting at about 1:38
👍️0
Adrian1 Adrian1 1 year ago
Class 1 Railroad has implemented substantially all available AI models from Duos.
Details
• A class 1 railroad operating in Mexico has implemented AI models developed by Duos and is using them operationally.
• Three class 1s met with Duos recently to review the AI R&D program
• Duos expecting a greater percentage of revenues than in previous years to come from recurring revenue sources such as AI deployments and support
My Opinion – This is a continuation of Duos’ strategy to provide automated tools to the railroads to assist their inspection teams with finding and identifying defects which are then alerted to the inspectors via Duos’ Centraco system. For those not familiar with the Centraco system, this is the platform where all of the images and data are presented. The AI tools flag cars with issues so that an inspector can drill down and look at close up images with very high resolution detail. The images are even more remarkable given that the train is moving at speeds up to 70 MPH.
👍️0
Adrian1 Adrian1 1 year ago
We have received inquiries from investors re the recent derailment in Ohio. The most common question is could the Duos RIP detect the issues that led to that derailment?
Here is what I can tell you. Our systems examine the entire set of railcars including top, sides and undercarriage. The 11 systems in production (soon to be 13), all can capture images which a trained inspector could use to identity issues that could lead to a derailment. AI is deployed on these systems and depending on the anomaly, the inspection teams could be notified in near “real-time” to use the images to conduct further investigation which can lead to them stopping a train.
It is too early to know what the exact cause of the East Palestine derailment was. We doubt that the railcar in question passed through one of our portals as we are not deployed in that area. However, if there was a mechanical issue that led to the derailment, our system likely would have the relevant images at a minimum and possibly could have pre-identified the issue with an appropriate AI algorithm. Our in-house mechanical car inspectors help us with the design of our AI and in the past, we have observed railcars that transited our system and our in-house mechanical car inspectors identified potentially serious issues - we notified the railroad in question and the actual train was halted pending further investigation and the potential avoidance of a serious incident. I will update further if we learn more.
👍️ 1
Adrian1 Adrian1 1 year ago
New PR this morning discussing preliminary unaudited results for 2022

Summary:
Company released a first look at revenue for 2022 including Q4 performance. Both are record periods against equivalent periods 1 year ago.
Also discussed strength of Balance Sheet (cash and near term A/R).

Highlights:
Over $15M in revenue for 2022
Over $6M in Q4
Preliminary Rev Guidance of $20-21M for 2024

My Opinion:
Solid growth overall. The backlog looks good with expected revenue contribution from backlog for 2023 equal to or more than total revenue for 2020 or 2021. From a business perspective, this is the strongest the Company has been since becoming a public company. Per the CEO statement, Company is continuing to grow higher margin revenues with services and subscriptions. AI continues to be a dominant theme. Look for more developments as the year progresses.
👍️0
Adrian1 Adrian1 1 year ago
New PR this morning announced that the Company is one of approximately 35 Nasdaq-listed firms to be participating on the new Webull Corporate Communications Service Platform.

Summary
Webull Financial LLC is an online broker dealer and they have told us that they are the second largest of its type with largest being Robinhood. Duos will be one of about 35 companies currently where our information will be available directly to shareholders who have an account on the platform.

Key Points
- Direct line of communication to shareholders and followers
- Instant notification of corporate content

My Opinion
Although this is not a major announcement, it is part of our ongoing efforts to communicate more efficiently with shareholders and other interested parties. The popularity of these low-cost online platforms seems to be growing and the Company wants to ensure that we communicate effectively with all holders or our stock or those who may be interested. The Webull folks have made it clear that they are not endorsing or promoting DUOT but are happy to provide another outlet for news and information on the Company.
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Adrian1 Adrian1 1 year ago
New PR this morning discussing high renewal rates on support and AI contracts.

Summary:
Company disclosed that it had a 100% renewal rate on its recurring revenue contracts and it expects to receive $2M in cash from these contracts during the first quarter.

Key Points:
• $2M in expected cash receipts from this area in Q1
• Standardization of its software and AI portfolio (see last week’s announcement)
• Active discussions with railcar owners for additional licensing fees (recurring revenue)

Opinion:

This is a very key metric for the Company as it expands its business. Between 2016 and 2017 the Company lost half its recurring revenues and only recorded $1.1M in 2017. Since that time and particularly since 2020, the Company has made a major focus on its service and support quality and this is now starting to pay dividends. Be careful not to associate the $2M figure with revenues since the revenues get recorded each month. However, this is an important source of cash which should help liquidity.
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Adrian1 Adrian1 1 year ago
Yes it is. See my recent posts.
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Adrian1 Adrian1 2 years ago
New analyst coverage initiated this morning by Ascendiant Capital analyst, Ed Woo.

Notification of the coverage by Ascendiant was given on Benzinga and CapEdge websites (among others).
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Adrian1 Adrian1 2 years ago
New PR this morning discussing additional AI models for the railroads.

Summary: The Company has released 6 new Algorithm models to expand on its existing catalog. The PR is aimed at the Class 1 railroads and railcar owners letting them know that Duos continues to invest heavily in automation for their operations.

Opinion: For the past 18 months or so, Duos has invested in developing a robust AI development platform and built a team of people including experienced railroad industry people who work for Duos. These folks regularly inspect trains looking for defects and advise the Company (in conjunction with the customers) on key inspection items that could benefit from Duos’ visions systems with AI analysis. The announcement is of the latest releases which become part of the Duos AI catalog of high performing AI models.
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Adrian1 Adrian1 2 years ago
Significant volume and upward price action this morning.

My comments:

Tuesday PR discussing metrics may have caught the attention of some traders. Also, we were flagged on InvestorPlace as 1 of 7 AI stocks under $10 for a watchlist.
The AI program at Duos has made a big difference in the perceived value of the rail offerings and should be a strong engine for growth.
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Adrian1 Adrian1 2 years ago
News out this morning:
Duos Railcar Inspection Portal Technology Performs Over Seven Million Railcar Scans in 2022

Summary:
* Discusses the total number of scans performed by Duos
* Technology has evaluated over 500,000 unique railcars or about 1/3 the total number of railcars in North America.
* Discusses the new Super Railcar Inspection Portals for passenger trains with new wheel and brake technology.
* Company plans to put their own systems on the network via subscription to lower cost of access.
* Preliminary financials expected later this month.

My opinion:
* Interesting metrics with references to growing role of AI as announced back in November with the AI Catalog.
* Further reference to Company owned portals as announced back in October.
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Adrian1 Adrian1 2 years ago
News out this morning:
Duos Railcar Inspection Portal (RIP) Technology Performs Over Seven Million Railcar Scans in 2022
https://ir.duostechnologies.com/news-events/press-releases/detail/730/duos-railcar-inspection-portal-rip-technology-performs

Summary:
* Discusses the total number of scans performed by Duos RIPs.
* Technology has evaluated over 500,000 unique railcars or about 1/3 the total number of railcars in North America.
* Discusses the new Super RIPs for passenger trains with new wheel and brake technology.
* Company plans to put their own systems on the network via subscription to lower cost of access.
* Preliminary financials expected later this month.

My opinion:
* Interesting metrics with references to growing role of AI as announced back in November with the AI Catalog.
* Further reference to Company owned portals as announced back in October.
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Adrian1 Adrian1 2 years ago
News out this morning:
https://ir.duostechnologies.com/news-events/press-releases#:~:text=Duos%20Railcar%20Inspection%20Portal%20(RIP)%20Technology%20Performs%20Over%20Seven%20Million%20Railcar%20Scans%20in%202022

Summary:
* Discusses the total number of scans performed by Duos RIPs.
* Technology has evaluated over 500,000 unique railcars or about 1/3 the total number of railcars in North America.
* Discusses the new Super RIPs for passenger trains with new wheel and brake technology.
* Company plans to put their own systems on the network via subscription to lower cost of access.
* Preliminary financials expected later this month.

My opinion:
* Interesting metrics with references to growing role of AI as announced back in November with the AI Catalog.
* Further reference to Company owned portals as announced back in October.
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Adrian1 Adrian1 2 years ago
Happy New Year to everyone. By way of background, I am the former CFO for Duos. I currently serve the Company as Strategic Advisor to the CEO, and I have joined this Board to give my personal perspective on Duos and hopefully stimulate some good discussion and dialogue.
To be clear, my objective is to draw the member’s attention to any public information and to add any commentary that may be helpful. Here is what you may expect:

I may post frequently at times or there may be pauses when there is no new information.

I will NOT be posting or giving inside or non-public information.

Any commentary or perspective is solely my opinion and not necessarily a view held inside the Company.

Any material constructive views or opinions posted by others will be brought to management’s attention

Most importantly, any decisions taken to buy or sell DUOT should be based on your own research and due diligence including reviewing the Company’s SEC filings and I accept no responsibility for decisions taken purely based on anything I may post here.
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Reluctant Observer Reluctant Observer 2 years ago
Is this board still active?
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StockLogistics StockLogistics 3 years ago
Maybe we see 3.86, should be a good stock in 2022 once we retest the lower bollinger band on the 1 month chart
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StockLogistics StockLogistics 3 years ago
Gap at 3.86 imo
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StockLogistics StockLogistics 3 years ago
CEO etc stock options dependent on 6.50 share price and not exercisable until one year from now, 33% each year for three years.

SEC Filings
FORM TYPE RECEIVED PERIOD END DATE
4 11/16/2021 11/10/2021
4 11/16/2021 11/10/2021

https://www.otcmarkets.com/stock/DUOT/disclosure

Investors will likely view that as reasonable and performance based imo.
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StockLogistics StockLogistics 3 years ago
Share Structure

Market Cap Market Cap
25,347,830
11/16/2021
Authorized Shares
500,000,000
11/16/2021
Outstanding Shares
3,610,802
11/16/2021
Restricted
115,612
11/16/2021
Unrestricted
3,495,190
11/16/2021
Held at DTC
3,317,095
11/16/2021
Float
Not Available
Par Value
No Par Value
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StockLogistics StockLogistics 3 years ago
This stock’s upward trajectory was delayed in July due to infrastructure bill concerns, it should now return to that original trajectory imo
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StockLogistics StockLogistics 3 years ago
Closing technical gaps or not today, infrastructure bill should send this stock higher imo
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