Duos Technologies Group, Inc. Provides Revenue Guidance for the Fiscal Year Ending December 31, 2022
March 30, 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 year, the company expects total revenue 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.