Duos Technologies Group Inc. (DUOT) Financial Statements (2024 and earlier)

Company Profile

Business Address 7660 CENTURION PARKWAY
JACKSONVILLE, FL 32256
State of Incorp. FL
Fiscal Year End December 31
Industry (SIC) 7372 - Prepackaged Software (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

3/31/2024
MRQ
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments2,4421,1218943,969561,209
Cash and cash equivalents2,4421,1218943,969561,209
Receivables1,4623,4181,7391,2452,6121,539
Inventory, net of allowances, customer advances and progress billings1,5261,428298   
Inventory1,5261,428298   
Contract with customer, asset, after allowance for credit loss64242631021,3761,209
Intangible current assets      80
Other undisclosed current assets184441355487717155
Total current assets:6,2576,8353,2895,8034,7604,192
Noncurrent Assets
Operating lease, right-of-use asset4,3734,6904,926196430
Property, plant and equipment727629603342260204
Long-term investments and receivables154     
Accounts and financing receivable, after allowance for credit loss154     
Intangible assets, net (including goodwill)1297066646254
Intangible assets, net (excluding goodwill)1297066646254
Deferred costs  265    
Other undisclosed noncurrent assets1,203600600 2040
Total noncurrent assets:6,5856,2546,196603772298
TOTAL ASSETS:12,84213,0899,4846,4065,5324,490
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities7602,7431,6631,6373,0351,957
Employee-related liabilities   318
Accounts payable5962,2901,0455992,6411,417
Accrued liabilities1644536181,038393222
Deferred revenue1,666958597315936
Debt429713376032748
Deferred compensation liability  298506797 169
Due to related parties  81313
Contract with customer, liability2,249
Other undisclosed current liabilities7793991,0421181,057225
Total current liabilities:3,2474,4963,9403,6365,3684,661
Noncurrent Liabilities
Long-term debt and lease obligation   4,763886292 
Long-term debt, excluding current maturities    783  
Finance lease, liability   2310389
Liabilities, other than long-term debt4,2294,543    
Operating lease, liability4,2294,5434,740 203
Other undisclosed noncurrent liabilities   (4,740)   
Total noncurrent liabilities:4,2294,5434,763886292 
Total liabilities:7,4769,0398,7034,5225,6604,661
Equity
Equity, attributable to parent, including:5,3674,0507811,884(127)(171)
Common stock77    
Treasury stock, value(157)(157)(157)(157)(157)(149)
Additional paid in capital69,12056,56346,43641,52932,77130,248
Accumulated deficit(63,604)(52,362)(45,497)(39,488)(32,741)(30,270)
Other undisclosed equity, attributable to parent00    
Total equity:5,3674,0507811,884(127)(171)
TOTAL LIABILITIES AND EQUITY:12,84213,0899,4846,4065,5324,490

Income Statement (P&L) ($ in thousands)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues7,47115,0128,2608,03913,64112,049
Cost of revenue(6,162)(10,264)(10,819)(5,253)(7,160)(6,844)
Gross profit:1,3094,748(2,559)2,7866,4815,204
Operating expenses(12,755)(11,613)(4,898)(9,421)(8,888)(6,774)
Operating loss:(11,447)(6,865)(7,457)(6,634)(2,407)(1,570)
Nonoperating income (expense)20501,448(113)(64)(11)
Other nonoperating income212101,4683756
Interest and debt expense(7)(9)(20)(150)(69)(17)
Loss from continuing operations:(11,249)(6,874)(6,029)(6,898)(2,540)(1,598)
Loss before gain (loss) on sale of properties:(6,029)(6,898)(2,540)(1,598)
Other undisclosed net income22,4919201506917
Net income (loss):11,242(6,865)(6,009)(6,747)(2,471)(1,581)
Other undisclosed net loss attributable to parent(22,483)     
Net loss available to common stockholders, diluted:(11,242)(6,865)(6,009)(6,747)(2,471)(1,581)

Comprehensive Income ($ in thousands)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net income (loss):11,242(6,865)(6,009)(6,747)(2,471)(1,581)
Comprehensive income (loss), net of tax, attributable to parent:11,242(6,865)(6,009)(6,747)(2,471)(1,581)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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