Quick Take
Duos Technologies Group (OTCQB:DUOT) has filed to raise $10 million in an IPO of its common stock, according to an S-1 registration statement.
The firm provides a range of 'intelligent' system development for enterprises, primarily in the rail industry.
DUOT has produced revenue and net results contraction in the most recent period, so the tiny firm’s current trajectory is concerning.
Company & Technology
Jacksonville, Florida-based Duos was founded to develop software and hardware solutions for a variety of industry verticals, including transportation, retail, law enforcement, oil & gas, and utilities.