UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Title of each class Trading Symbol(s) Name of each exchange on which registered Common Stock, par value $0.001 DUOT The Nasdaq Capital Market Large accelerated filer ☐ Accelerated filer ☐ Non-accelerated filer ☒ Smaller reporting company ☒ Emerging growth company ☐ FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2021 OR ☐ TRANSITION REPORT PURSU ...

Revenue Performance - For the year ended December 31, 2020, total revenues decreased by 41% to $8,039,448 compared to $13,641,315 in 2019[142] - The technology systems revenue dropped by 59% from $11,963,438 in 2019 to $4,956,130 in 2020[142] - Technical support revenue increased by 31% to $1,801,043 in 2020, while consulting services revenue decreased by 9% to $273,604[142] - The AI technologies segment recorded its first revenue in Q2 2020, with a significant contract exceeding $2 million expected to contribute to future revenues[146] Profitability and Loss - Gross profit for 2020 was $2,786,393, representing a 57% decline from $6,481,438 in 2019, with gross margin decreasing from 48% to 35%[151] - The company experienced a net loss of $6,747,435 in 2020, compared to a net loss of $2,470,882 in 2019[142] - The net loss for 2020 was $6,747,435, compared to a net loss of $2,470,882 in 2019, representing an increase of $4,276,553[157] - Management expects improvements in gross margins driven by higher sales from both existing and new customers in the coming year[151] - The company expects to achieve profitability through a strategic plan implemented in 2021, focusing on maintaining key operations and technical staff[154] Expenses and Costs - Cost of revenues decreased by 27% to $5,253,055 in 2020, with technology systems costs down 44% to $3,665,493[147] - Total operating expenses increased by 6% to $9,420,821 in 2020 from $8,887,960 in 2019, primarily due to a one-time severance charge of approximately $885,000[152] - Research and development expenses decreased by 31% to $1,022,188 in 2020 from $1,479,334 in 2019, reflecting a shift in focus after completing the TrueVue360 platform[152] - Interest expense rose to $150,137 in 2020 from $69,322 in 2019, primarily due to financing actions taken during operational slowdowns[155] Cash Flow and Financing - Cash provided in financing activities was $8,431,621 in 2020, significantly up from $3,086,083 in 2019, mainly due to proceeds from a registered direct offering and a CARES Act PPP loan[164] - Net cash used in operating activities was $4,231,439 in 2020, slightly higher than $4,019,560 in 2019, attributed to increased operating costs[162] - The company maintained a cash balance of $3,969,100 as of December 31, 2020, with an increase to approximately $7,435,000 by March 26, 2021[158][165] Financial Position - The accumulated deficit increased to $39,488,150 in 2020 from $32,740,715 in 2019, while working capital improved to $2,167,058 from a negative $607,372[169] - The company has no off-balance sheet contractual arrangements, ensuring transparency in its financial obligations[172] Revenue Recognition and Accounting Policies - The company recognizes revenue from multiple element arrangements separately based on the standalone value of each element and specific evidence of selling prices[184] - Accounts receivable are reported at estimated net realizable value, considering historical trends and specific customer issues for allowances[185] - The company evaluates long-lived assets for impairment when the net book value exceeds estimated future undiscounted cash flows[187] - No derivative instruments or hedging activities are held by the company, indicating a straightforward risk management approach[188] Strategic Focus - The company anticipates continued growth in recurring technical support revenues, which are expected to positively impact overall revenues and gross margins[151] - The company is focusing on expanding its technology base through strategic partnerships and acquisitions, particularly in the rail transportation sector[138]

Duos Technologies Group, Inc. (NASDAQ:DUOT) Q4 2020 Earnings Conference Call March 25, 2021 4:30 PM ET Company Participants Chuck Ferry - Chief Executive Officer Adrian Goldfarb - Chief Financial Officer Conference Call Participants Jim Barrett - Barrett Asset Management Operator Good afternoon. Welcome to Duos Technologies' Fourth Quarter and Full Year 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 ca ...

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. ...