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Duos Technologies posts strong earnings; revenue surges to a record US$3.2mln

Tuesday, August 14, 2018 12:09

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Duos Technologies Group Inc (OTCQB:DUOT) CEO Gianni Arcaini and CFO Adrian Goldfarb tell Proactive Investors the provider of advanced intelligent security and analytical technology for the rail industry is raising full-year revenue guidance to US$10.1mln after strong second-quarter revenue.

For the quarter ended June 2018, revenue nearly tripled to a record US$3.2mln from US$1.2mln in the same quarter last year.

Arcaini says one of the company’s key lines is the rail inspection portal technology. He believes that the industry is now recognizing the value of adding Duos’s technology to their processes, which will generate ROI, he says.

Story by ProactiveInvestors

Source: http://www.proactiveinvestors.com/companies/stocktube/10118/duos-technologies-posts-strong-earnings-revenue-surges-to-a-record-us32mln-10118.html

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