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
Where the revenue comes from as reported in the latest 10-K
Revenue by segment
- Asset Management Services
- Technologies
- Technology Solutions
- Other
| Segment | FY2025 |
|---|---|
| Asset Management Services | $22.4M |
| Technologies | $4.3M |
| Technology Solutions | $349.2K |
| Other | $56.0K |
As the company reported it, from the “SEGMENT REPORTING (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Segments are the filer's own reporting structure, which is a decision about how it runs itself rather than a standard taxonomy: two companies in the same industry routinely divide themselves along different lines, so these are worth reading down a single company rather than across two. Slices under 1% are folded into “Other”.
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.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $6.1M | $3.9M | $12.0M | $13.6M | $8.0M | $8.3M | $15.0M | $7.5M | $7.3M | $27.0M |
| Gross profit | $3.4M | $1.6M | $5.2M | $6.5M | $235.8K | $2.0M | $4.7M | $1.3M | $469.2K | $7.9M |
| Net income | -$2.6M | -$5.2M | -$1.6M | -$2.5M | -$6.7M | -$6.0M | -$6.9M | -$11.2M | $10.8K | $9.8K |
Recent filings and events
- Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
- Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
- Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
- Officer or director change Item 5.02
- Regulation FD disclosure Item 7.01
- Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
- Acquisition or disposal completed A purchase or sale of a significant business or asset has closed. Item 2.01
- Regulation FD disclosure Item 7.01
- Material agreement signed Item 1.01
- Material agreement signed Item 1.01
- Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
- Other event Item 8.01
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
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