2023-08-14 17:10:39 ET
- Duos Technologies press release ( NASDAQ: DUOT ): Q2 GAAP EPS of -$0.42.
- Revenue of $1.77M (-51.1% Y/Y).
- As of the end of the second quarter, the Company had $7.8 million of revenue in backlog and expects $3.0 million to 5.0 million to be recognized during the remainder of 2023.
- Company expects total revenue for 2023 to range between $20.0 million and $21.0 million.
- Company expects revenues in the third quarter of 2023 to moderately increase compared to the second quarter of 2023 before ramping up more significantly in the fourth quarter and into 2024.
For further details see:
Duos Technologies GAAP EPS of -$0.42, revenue of $1.77M