Filing Flows › Duos Technologies Group (DUOT) › Q4 2024
Duos Technologies Group (DUOT) Q4 2024 earnings results (fourth quarter 2024)
10-K filed Mar 31, 2025
Duos Technologies Group (DUOT) reported revenue of $1.5M for the fourth quarter 2024 (Q4 2024), -4% from a year earlier and -55% from the quarter before. Operating margin was -211.2%, net loss $3.4M (233.2% of revenue).
Duos Technologies Group, Q4 2024: revenue $1.5M (-4% year over year), operating margin -211.2%, net loss $3.4M, operating cash flow $2.7M. The chart follows the revenue to costs, profit and cash.
| Q4 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.5M | -55% | -4% |
| Operating profit | −$3.1M | — | — |
| Net earnings | −$3.4M | — | — |
| Operating cash flow | $2.7M | — | — |
| Free cash flow | $2.4M | — | — |
What changed
Revenue was $1.5M in Q4 2024, down 4% year over year and down 55% from the previous quarter. Maintenance and Support was the largest line at 89% of revenue.
Operating costs exceeded revenue by $3.1M, an operating margin of -211.2%. The quarter ended with a net loss of $3.4M, wider than the previous quarter's $1.4M loss.
Operating cash flow was $2.7M. Non-cash charges added back $689K of depreciation and amortization. Working capital and other items added $5.4M. Capital expenditures of $284K left free cash flow of $2.4M.
Questions
What was Duos Technologies Group's revenue in the fourth quarter 2024?
Duos Technologies Group (DUOT) reported revenue of $1.5M for the fourth quarter 2024 (Q4 2024), -4% from a year earlier and -55% from the quarter before.
Was Duos Technologies Group profitable in the fourth quarter 2024?
Operating loss was $3.1M (-211.2% of revenue) and net loss $3.4M.