Duos Technologies Group, Inc. Provides Revenue Guidance for the Second Quarter and Six Months Ending June 30, 2023
June 28, 2023 at 10:15 pm
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Duos Technologies Group, Inc. provided revenue guidance for the second quarter and six months ending June 30, 2023. The company expects total revenue for the second quarter of 2023 to be between $1.8 million and $2.1 million. The decrease is due to certain timing factors primarily related to the booking of revenue versus costs.
Based on preliminary second-quarter results, the company expects total revenue for the six months ended June 30, 2023 to be approximately $4.5 million.
Duos Technologies Group, Inc., through its wholly owned subsidiary, Duos Technologies, Inc., designs, develops, deploys, and operates intelligent vision-based technology solutions using machine vision and artificial intelligence (AI) to analyze fast moving freight, passenger and transit trains and trucks streamlining operations, improving safety, and reducing costs. The Company provides solutions that automate the mechanical and security inspection of fast-moving trains, trucks, and automobiles through a broad range of hardware, software, information technology and AI. Its Railcar Inspection Portal (RIP) provides both freight and transit railroad customers and select government agencies the ability to conduct fully remote 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.
DUOS TECHNOLOGIES GROUP, INC. 
