DUOS TECHNOLOGIES GROUP, INC. DUOT
large corporate data centers and the development and licensing of information technology ("IT") asset management software.
In late 2014, ISA entered negotiations with Duos Technologies, Inc. ("duostech™") for the purposes of executing a merger
between the two organizations (also known as a "reverse triangular merger"). Incorporated under the laws of Florida on November
30, 1990, duostech™ operated in various industry segments, specializing in the design, development and deployment of proprietary
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $27.0M | $7.3M | $7.5M | $15.0M | $8.3M | $8.0M | $13.6M | $12.0M | $3.9M | $6.1M |
| Cost of revenue | $19.1M | $6.8M | $6.2M | $10.3M | $6.2M | $7.8M | $7.2M | $6.8M | $2.3M | $2.7M |
| Gross profit | $7.9M | $469.2K | $1.3M | $4.7M | $2.0M | $235.8K | $6.5M | $5.2M | $1.6M | $3.4M |
| R&D | $846.9K | $1.5M | $1.8M | $1.7M | $2.5M | $102.2K | $1.5M | $488.7K | $310.1K | $271.9K |
| SG&A | $15.6M | $7.8M | $9.4M | $8.6M | $5.7M | — | $2.2M | $1.5M | $1.1M | $889.7K |
| Operating income | -$9.8M | -$11.0M | -$11.4M | -$6.9M | -$7.5M | -$6.6M | -$2.4M | -$1.6M | -$3.4M | -$1.7M |
| Interest expense | $439.3K | $286.1K | $7.2K | $9.2K | $20.3K | $150.1K | $69.3K | $17.2K | $4.5M | $561.2K |
| Pre-tax income | — | — | — | — | -$6.0M | -$6.7M | — | — | — | — |
| Income tax | — | — | — | — | $0 | $0 | — | — | — | — |
| Net income | $9.8K | $10.8K | -$11.2M | -$6.9M | -$6.0M | -$6.7M | -$2.5M | -$1.6M | -$5.2M | -$2.6M |
| EPS, basic | -0.64 | -1.39 | -1.56 | -1.11 | -1.63 | — | — | -0.08 | -1.43 | — |
| EPS, diluted | -0.64 | -1.39 | -1.56 | -1.11 | -1.63 | -2.03 | -1.39 | -1.06 | -1.43 | -1.36 |
| Shares, diluted (wtd. avg.) | $15.3M | $7.7M | $7.2M | $6.2M | $3.7M | — | — | $20.8M | $3.6M | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $15.5M | $6.3M | $2.4M | $1.1M | $893.7K | $4.0M | $56.2K | — | $1.9M | $174.4K |
| Receivables | $730.2K | $109.0K | $1.5M | $3.4M | $1.7M | $1.2M | $2.6M | $1.5M | $298.3K | $257.0K |
| Inventory | $306.8K | $605.4K | $1.5M | $1.4M | $298.3K | $112.4K | — | — | — | — |
| Total current assets | $23.1M | $8.1M | $6.3M | $6.8M | $3.3M | $5.8M | $4.8M | $4.2M | $2.8M | $1.0M |
| Property, plant and equipment | $27.7M | $2.8M | $726.5K | $629.5K | $603.3K | $342.2K | $260.2K | $204.2K | $65.4K | $66.5K |
| Other intangibles | $186.1K | $127.3K | $129.1K | $69.7K | $66.5K | $64.4K | $61.6K | $53.9K | $46.0K | $51.4K |
| Total assets | $63.4M | $35.0M | $12.8M | $13.1M | $9.5M | $6.4M | $5.5M | $4.5M | $2.9M | $1.2M |
| Accounts payable | $4.9M | $969.8K | $595.6K | $2.3M | $1.0M | $599.3K | $2.6M | $1.4M | $812.6K | $842.8K |
| Total current liabilities | $11.1M | $16.1M | $3.2M | $4.5M | $3.9M | $3.6M | $5.4M | $4.7M | $2.2M | $5.1M |
| Long-term debt | — | — | — | — | — | — | — | — | — | $41.6K |
| Total liabilities | $14.9M | $32.7M | $7.5M | $9.0M | $8.7M | $4.5M | $5.7M | $4.7M | $2.2M | $6.4M |
| Retained earnings | -$84.2M | -$74.4M | -$63.6M | -$52.4M | -$45.5M | -$39.5M | -$32.7M | -$30.3M | -$28.7M | -$23.5M |
| Total equity | $48.6M | $2.3M | $5.4M | $4.1M | $781.5K | $1.9M | -$127.3K | -$171.0K | $622.5K | -$5.5M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$13.7M | -$3.5M | -$8.7M | -$7.9M | -$6.6M | -$4.2M | -$4.0M | -$345.3K | -$3.6M | -$1.8M |
| Depreciation and amortisation | $2.1M | $2.2M | $315.7K | $268.0K | $270.0K | $197.1K | $159.3K | $73.5K | $42.8K | $41.4K |
| Stock-based compensation | $4.1M | $109.0K | $710.0K | $819.2K | $262.4K | $352.0K | $44.9K | $447.8K | — | — |
| Capital expenditure | $23.7M | $1.8M | $496.7K | $344.9K | $545.5K | $279.1K | $206.5K | $212.4K | $41.7K | $35.3K |
| Investing cash flow | -$23.7M | -$1.8M | -$1.1M | -$644.9K | -$552.9K | -$287.3K | -$219.6K | -$285.7K | -$41.7K | -$35.4K |
| Financing cash flow | $46.7M | $9.2M | $11.2M | $8.7M | $4.1M | $8.4M | $3.1M | -$101.6K | $5.4M | $1.9M |
| Buybacks | — | — | — | — | — | — | $8.0K | $1.5K | — | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001079973-26-000488.
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