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DUOT

Duos Technologies Group, Inc.

DUOT

Duos Technologies Group, Inc. • NASDAQ
$10.07 ▲ 2.76% (+0.27)
Market Cap $205.58 M
52w High $11.23
52w Low $3.84
Dividend Yield 0%
P/E -11.19
Volume 104.41K
Outstanding Shares 20.42M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $6.877M ▲ $3.632M ▼ $-1.04M ▲ -15.126% ▲ $-0.06 ▲ $-1.011M ▲
Q2-2025 $5.736M ▲ $4.96M ▲ $-3.518M ▼ -61.332% ▼ $-0.3 ▼ $-2.545M ▼
Q1-2025 $4.952M ▲ $3.103M ▲ $-2.08M ▲ -41.995% ▲ $-0.183 ▲ $-877.925K ▲
Q4-2024 $1.461M ▼ $2.756M ▼ $-3.406M ▼ -233.182% ▼ $-0.41 ▼ $-2.41M ▼
Q3-2024 $3.239M $2.839M $-1.402M -43.276% $-0.18 $-338.453K

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $33.201M ▲ $69.794M ▲ $20.292M ▼ $49.502M ▲
Q2-2025 $1.474M ▼ $31.134M ▼ $26.401M ▼ $4.733M ▼
Q1-2025 $3.799M ▼ $34.087M ▼ $28.935M ▼ $5.152M ▲
Q4-2024 $6.266M ▲ $34.959M ▲ $32.697M ▲ $2.261M ▼
Q3-2024 $613.594K $22.025M $19.512M $2.512M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $-1.04M ▲ $-3.169M ▼ $-6.485M ▼ $41.381M ▲ $31.727M ▲ $-9.619M ▼
Q2-2025 $-3.518M ▼ $-3.156M ▲ $-806.418K ▼ $1.638M ▼ $-2.325M ▲ $-3.947M ▲
Q1-2025 $-2.08M ▲ $-4.673M ▼ $-581.623K ▼ $2.788M ▼ $-2.467M ▼ $-5.255M ▼
Q4-2024 $-3.406M ▼ $2.711M ▲ $-285.754K ▲ $3.194M ▲ $5.62M ▲ $2.427M ▲
Q3-2024 $-1.402M $-2.259M $-666.259K $3.065M $139.999K $-2.925M

Revenue by Products

Product Q4-2024Q1-2025Q2-2025Q3-2025
Hosting
Hosting
 $0 ▲$0 ▲$0 ▲$0 ▲
Hosting Revenue
Hosting Revenue
 $0 ▲$0 ▲$0 ▲$0 ▲
Services and consulting
Services and consulting
 $0 ▲$0 ▲$0 ▲$0 ▲
Technology Service
Technology Service
 $0 ▲$0 ▲$0 ▲$0 ▲
Service Other
Service Other
 $0 ▲$0 ▲$0 ▲$0 ▲

Five-Year Company Overview

Income Statement

Income Statement Duos appears to be a very small but gradually growing business that is still operating at a loss. Revenue has been inching up, but not yet at a scale that covers its operating costs, so the company has reported negative earnings for several years. Losses have generally been narrowing over the long run, though with some bumpiness from year to year, which suggests progress but not yet a clear, steady profit trend. The shift toward more services and recurring revenue is a positive pattern, but profitability still looks some distance away.

Balance Sheet

Balance Sheet The balance sheet looks thin, which is common for a small, early-stage technology company. Assets and cash have ticked up recently, but the company still carries debt and has only a modest equity base, indicating limited financial cushioning. This structure leaves Duos more sensitive to setbacks and more dependent on outside funding if growth investments or unexpected costs arise. Overall, financial flexibility exists but appears constrained, so prudent capital management will be important.

Cash Flow

Cash Flow Cash generation is the main pressure point. Operating cash flow has generally been negative, meaning the business has not consistently funded itself from its own operations and has relied on external capital. Free cash flow has also been negative most years, though the cash burn appears relatively contained rather than extreme. Capital spending is modest, so most cash use is tied to running and building the business rather than heavy equipment or facilities, but the path to consistently positive cash flow is still unproven.

Competitive Edge

Competitive Edge Duos has carved out a very specific niche in automated railcar inspection and related AI-powered solutions, which gives it a differentiated position versus more general software players. Its strengths lie in deep domain expertise, long development history, and an end‑to‑end offering that combines hardware, AI software, and data platforms, all reinforced by a growing patent portfolio. Relationships with major rail operators and the data advantage from scanning more railcars strengthen its competitive moat and increase switching costs for customers. On the risk side, Duos remains a small player in markets where large industrial and technology companies could compete, and customer concentration and long sales cycles may make growth lumpy.

Innovation and R&D

Innovation and R&D Innovation is clearly at the core of Duos’ strategy. The company has developed proprietary platforms for high‑speed imaging and AI analysis, protected by multiple patents, and is actively enhancing its AI capabilities, including work on more advanced models and potential generative AI applications. It is also expanding into adjacent areas such as edge data centers and mobile power solutions, which could open new revenue streams and deepen its infrastructure role for customers. At the same time, these initiatives increase complexity and execution risk for a company of its size, and the payoff from this R&D and diversification will depend on successful commercialization and sustainable customer adoption.

Summary

Overall, Duos looks like an innovation‑driven, niche technology company with promising technologies but an early‑stage financial profile. The business remains loss‑making with limited balance sheet depth and a history of negative cash flow, which underscores funding and execution risk. On the positive side, its patented AI inspection systems, specialized rail focus, and push into recurring software and services provide a credible strategic foundation. Future performance will largely hinge on scaling recurring revenue, managing cash carefully, and proving that its newer edge computing and energy ventures can deliver durable, profitable growth rather than just adding complexity.

NEWS

November 12, 2025 · 4:25 PM UTC

Duos Technologies Reports 112% Increase in Quarterly Revenue

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November 6, 2025 · 8:06 AM UTC

Duos Edge AI Joins Nomad Futurist Foundation as Inspiration Sponsor

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November 5, 2025 · 4:30 PM UTC

Duos Technologies Group Sets Third Quarter 2025 Earnings Call for Wednesday, November 12, 2025, at 4:30 PM ET

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October 14, 2025 · 8:00 AM UTC

Duos to Present at the LD Micro Main Event XIX

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October 9, 2025 · 8:00 AM UTC

Duos Edge AI Deploys Another Edge Data Center in Waco, Texas

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