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Duos Technologies Group (DUOT)
NASDAQ:DUOT
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Earnings Data
Report Date
Apr 07, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
-$0.3Last Year’s EPS
-$0.38Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 20, 2024
|% Change Since: 23.91%
|Next Earnings Date:Apr 07, 2025
Earnings Call Sentiment|Positive
The earnings call presented several positive developments, including a significant increase in quarterly revenue and the announcement of a substantial asset management agreement, indicating future growth and profitability. However, challenges such as a slight decline in nine-month revenue and increased costs were also noted. Overall, the sentiment was largely positive due to the strong growth prospects and strategic initiatives.Company Guidance
During the Duos Technologies Third Quarter 2024 Earnings Conference Call, guidance was provided indicating a significant strategic expansion and expected financial growth. The company signed a two-year asset management agreement valued at approximately $42 million to oversee 850 megawatts of power generation assets, which is anticipated to bolster the company's financial performance. Revenue for Q3 2024 increased by 112% to $3.24 million, compared to $1.53 million in Q3 2023, with technology systems and recurring services and consulting revenue contributing $1.69 million and $1.55 million, respectively. The gross margin also saw a substantial rise of 306% to $919,000 from $226,000 in the prior year. Although formal guidance was not given, the company expects profitability in 2025, driven by diversified business lines and a robust backlog of over $18.8 million. The call highlighted ongoing projects in their Edge AI and Railcar Inspection Portal businesses, with strategic partnerships and organizational restructuring poised to support sustained growth.Significant Revenue Growth
Total revenue for Q3 2024 increased 112% to $3.24 million compared to $1.53 million in the third quarter of 2023.
New Asset Management Agreement
Signed a 2-year asset management agreement worth an estimated $42 million to manage 850 megawatts of power generation assets.
Expansion of Duos Edge AI
Expanded investment into Duos Edge AI subsidiary with 3 new Edge Data Centers, totaling 6, with significant commercial demand.
Improved Gross Margin
Gross margin for Q3 2024 increased 306% to $919,000 compared to $226,000 for Q3 2023.
Reduction in Net Loss
Net loss for Q3 2024 decreased 53% to $1.4 million compared to $2.95 million for Q3 2023.
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DUOT Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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DUOT Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 20, 2024 | $4.60 | $5.20 | +13.04% |
| Aug 13, 2024 | $2.50 | $2.43 | -2.80% |
| May 13, 2024 | $2.55 | $2.90 | +13.73% |
| Apr 01, 2024 | $3.89 | $3.48 | -10.54% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Duos Technologies Group (DUOT) report earnings?
Duos Technologies Group (DUOT) is schdueled to report earning on Apr 07, 2025, TBA Not Confirmed.
What is Duos Technologies Group (DUOT) earnings time?
Duos Technologies Group (DUOT) earnings time is at Apr 07, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is DUOT EPS forecast?
DUOT EPS forecast for the fiscal quarter 2024 (Q4) is -$0.3.
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