Duos Technologies Group, Inc. Provides Revenue Guidance for the Fiscal Year Ending December 31, 2022
May 16, 2022 at 04:30 pm EDT
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Duos Technologies Group, Inc. Provided Revenue Guidance for the Fiscal Year Ending December 31, 2022. For the period, the company expects that based on committed contracts and near-term pending orders that are already performing or scheduled to be executed throughout the course of 2022, the company is reiterating previously stated revenue expectations for the fiscal year ending December 31, 2022. They expect total revenue for 2022 to range between $16.5 million and $18 million representing an increase of 99% to 117% from 2021.
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. 
