Duos Technologies Group, Inc. Reiterates Revenue Guidance for the Fiscal Year Ending December 31, 2023 and Provides Revenue Guidance for the First Quarter of 2023
March 30, 2023 at 04:30 pm EDT
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Duos Technologies Group, Inc. reiterated revenue guidance for the fiscal year ending December 31, 2023 and provides revenue guidance for the first quarter of 2023. For the year, the company expects total revenue to range between $20 million and $21 million, representing an increase of 33% to 40% over 2022.
The company expects revenue in the first quarter of 2023 to decline compared to the fourth quarter of 2022 before subsequently increasing throughout the remainder of the year.
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. Reiterates Revenue Guidance for the Fiscal Year Ending December 31, 2023 and Provides Revenue Guidance for the First Quarter of 2023
DUOS TECHNOLOGIES GROUP, INC. 
