Duos Technologies Group Second Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags

Duos Technologies Group (NASDAQ:DUOT) Second Quarter 2024 Results

Key Financial Results

• Revenue: US$1.51m (down 15% from 2Q 2023).
• Net loss: US$3.20m (loss widened by 7.2% from 2Q 2023).
• US$0.43 loss per share (further deteriorated from US$0.42 loss in 2Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Duos Technologies Group Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 21%. Earnings per share (EPS) missed analyst estimates by 30%.

Looking ahead, revenue is forecast to grow 68% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Software industry in the US.

Performance of the American Software industry.

The company's shares are down 8.6% from a week ago.

Risk Analysis

It's necessary to consider the ever-present spectre of investment risk. We've identified 5 warning signs with Duos Technologies Group (at least 1 which doesn't sit too well with us), and understanding them should be part of your investment process.

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