Duos Technologies Group (NASDAQ:DUOT) Second Quarter 2024 Results
Key Financial Results
Revenue: US$1.51m (down 15% from 2Q 2023).
Net loss: US$3.20m (loss widened by 7.2% from 2Q 2023).
US$0.43 loss per share (further deteriorated from US$0.42 loss in 2Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Duos Technologies Group Revenues Beat Expectations, EPS Falls Short
Revenue exceeded analyst estimates by 21%. Earnings per share (EPS) missed analyst estimates by 30%.
Looking ahead, revenue is forecast to grow 83% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Software industry in the US.
Performance of the American Software industry.
The company’s shares are down 2.0% from a week ago.
Risk Analysis
It is worth noting though that we have found 5 warning signs for Duos Technologies Group (1 is concerning!) that you need to take into consideration.
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