Financial Data and Key Metrics Changes - Total revenue for Q4 2020 decreased 34% to $3.78 million from $5.75 million in Q4 2019, driven by fewer systems deployed [8][9] - For the full year 2020, total revenue decreased 41% to $8.04 million from $13.64 million in 2019, primarily due to delays in new orders caused by the COVID-19 pandemic [9][10] - Gross profit in Q4 was $1.65 million, or 44% of total revenue, a decrease of 48% from $3.15 million, or 55% of total revenue in Q4 2019 [11] - Net loss for Q4 was $426,000, or $0.12 loss per share, compared to a net income of $592,000, or $0.33 per share in Q4 2019 [16] - For the full year 2020, net loss totaled $6.75 million, or $2.03 loss per share, compared to a net loss of $2.47 million, or $1.39 loss per share in 2019 [16] Business Line Data and Key Metrics Changes - Operating expenses decreased 18% in Q4 2020 to $2.06 million from $2.52 million in Q4 2019, primarily due to lower engineering and software development costs [14] - Operating expenses for the full year 2020 increased 6% to $9.42 million from $8.89 million in 2019, but excluding a one-time payment related to the former CEO's retirement, expenses would have decreased by 24% [15] Market Data and Key Metrics Changes - The company received no cancellations of current contracts or expected orders, with order flow starting to recover in Q4 2020 [10] - The company expects total revenue for the fiscal year ending December 31, 2021, to be approximately $18 million, based on contracted backlog and near-term pending orders [20] Company Strategy and Development Direction - The company is focused on operational excellence and has made improvements across all divisions, with a new COO positively impacting operations [25] - The strategy includes enhancing collaboration between commercial and operational teams, improving customer service, and implementing proactive maintenance programs [32][34] - The company plans to consolidate revenue segments to simplify reporting and showcase recurring revenue opportunities [22] Management's Comments on Operating Environment and Future Outlook - Management is optimistic about 2021, expecting a stronger financial performance and aiming for breakeven or profitability [21][43] - The company acknowledges uncertainties in the macroeconomic climate but believes it will return to growth as it builds for scale and sustains profitability [52] Other Important Information - The company ended Q4 2020 with approximately $4 million in cash and cash equivalents and net receivables of $1.19 million [17] - A securities purchase agreement with existing shareholders raised $4.5 million, improving the balance sheet for expected growth [18][19] Q&A Session Summary Question: Discussion on the pending acquisition of Kansas City Southern by Canadian Pacific - Management believes the merger could be beneficial as it may introduce the company to Canadian Pacific, expanding market opportunities [55][56] Question: Perception of the current administration's position on the XL pipeline and future business - Management indicated that the pipeline's status has not significantly impacted rail operators, and the new administration may positively influence technology investments in the rail industry [59][60][61] Question: Revenue dip due to accounting changes and updates on MTA and commuter rails - The revenue dip was primarily due to delays in contracts and execution, with expectations for increased recurring revenues in the future [66] - Management confirmed ongoing projects with Chicago Metro and anticipates more activity from transit rail systems as the year progresses [71]

Duos Technologies Group, Inc. (NASDAQ:DUOT) Q3 2020 Earnings Call Transcript November 12, 2020 4:30 PM ET Company Participants Chuck Ferry - Chief Executive Officer Adrian Goldfarb - Chief Financial Officer Conference Call Participants Operator Good afternoon. Welcome to Duos Technologies' Third Quarter 2020 Earnings Conference Call. Joining us for today's call are Duos CEO, Chuck Ferry and CFO, Adrian Goldfarb. Following their remarks, we will open the call for your questions. Then before we conclude today ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q þ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2020 OR ¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________________ to ________________ Commission file number 000-55497 Duos Technologies Group, Inc. (Exact name of registrant as specified in its charter) Florida 65 ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q þ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2020 OR ¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________________ to ________________ Commission file number 000-55497 Duos Technologies Group, Inc. (Exact name of registrant as specified in its charter) Florida 65-0493 ...

Duos Technologies Group, Inc. (NASDAQ:DUOT) Q2 2020 Earnings Conference Call August 13, 2020 5:00 PM ET Company Participants Gianni Arcaini - CEO Adrian Goldfarb - CFO Conference Call Participants Ashok Kumar - ThinkEquity Nelson Baquet - ThinkEquity Operator Good afternoon and welcome to Duos Technologies Second Quarter 2020 Earnings Conference Call. Joining us for today's call are Duos' Chairman and CEO, Gianni Arcaini; and CFO Adrian Goldfarb. Following their remarks we will open the call for your questi ...

Duos Technologies Group, Inc. (NASDAQ:DUOT) Q1 2020 Earnings Conference Call May 15, 2020 5:00 PM ET Company Participants Gianni Arcaini - Chairman and Chief Executive Officer Adrian Goldfarb - Chief Financial Officer Conference Call Participants Ashok Kumar - ThinkEquity Michael Legg - Benchmark Company Bill Chapman - Richard Jackson - TrueNorth Financial Solutions Operator Good afternoon and welcome to Duos Technologies First Quarter 2020 Earnings Conference Call. Joining us for today's call are Duos’ Ch ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q þ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2020 OR ¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________________ to ________________ Commission file number 000-55497 Duos Technologies Group, Inc. (Exact name of registrant as specified in its charter) Florida 65-049 ...

Duos Technologies, Inc. (NASDAQ:DUOT) Q4 2019 Results Conference Call March 30, 2020 4:30 PM ET Company Participants Gianni Arcaini - Chairman and Chief Executive Officer Adrian Goldfarb - Chief Financial Officer Conference Call Participants Ashok Kumar - ThinkEquity Michael Legg - Benchmark Company Operator Good afternoon. Welcome to Duos Technologies Fourth Quarter and Full Year 2019 Earnings Conference Call. Joining us for today's call are Duos’ Chairman and CEO, Gianni Arcaini; and CFO Adrian Goldfarb. ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ——————— FORM 10-K ——————— þ ANNUAL REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 for the fiscal year ended December 31, 2019 o TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from: _____________ to _____________ Commission file number: 000-55497 ——————— DUOS TECHNOLOGIES GROUP, INC. (Exact name of registrant as specified in its charter) ——————— Florid ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q þ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2019 OR ¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________________ to ________________ Commission file number 000-55497 Duos Technologies Group, Inc. (Exact name of registrant as specified in its charter) Florida 65 ...