Duos Technologies Group, Inc.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $27.0M | $7.3M | $7.5M | $15.0M | $8.3M | $8.0M | $13.6M | $12.0M |
| Cost of Revenue | $19.1M | $6.8M | $6.2M | $10.3M | $6.2M | $7.8M | $7.2M | $6.8M |
| Gross Profit | $7.9M | $469.2K | $1.3M | $4.7M | $2.0M | $235.8K | $6.5M | $5.2M |
| Gross Margin | 29.2% | 6.4% | 17.5% | 31.6% | 24.7% | 2.9% | 47.5% | 43.2% |
| Operating Expenses | ||||||||
| Research & Development | $846.9K | $1.5M | $1.8M | $1.7M | $2.5M | $102.2K | $1.5M | $488.7K |
| SG&A Expense | $15.6M | $7.8M | $9.4M | $8.6M | $5.7M | — | $2.2M | $1.5M |
| Operating Income | $-9.8M | $-11.0M | $-11.4M | $-6.9M | $-7.5M | $-6.6M | $-2.4M | $-1.6M |
| Operating Margin | -36.1% | -150.9% | -153.2% | -45.7% | -90.3% | -82.5% | -17.6% | -13.0% |
| Interest Expense | — | — | $7.2K | $9.2K | $20.3K | $150.1K | $69.3K | $17.2K |
| Pretax Income | — | — | — | — | — | — | — | — |
| Income Tax Expense | — | — | — | — | $0 | $0 | — | — |
| Net Income | $-9.8M | $-10.8M | $-11.2M | $-6.9M | $-6.0M | $-6.7M | $-2.5M | $-1.6M |
| Net Margin | -36.4% | -147.8% | -150.5% | -45.7% | -72.7% | -83.9% | -18.1% | -13.1% |
| EPS (Basic) | $-0.64 | $-1.39 | $-1.56 | $-1.11 | $-1.63 | $-2.03 | $-1.39 | $-0.08 |
| EPS (Diluted) | $-0.64 | $-1.39 | $-1.56 | $-1.11 | $-1.63 | $-2.03 | $-1.39 | $-0.08 |
| Shares Outstanding (Basic) | 15.3M | 7.7M | 7.2M | 6.2M | 3.7M | 3.5M | 2.0M | 20.8M |
| Shares Outstanding (Diluted) | 15.3M | 7.7M | 7.2M | 6.2M | 3.7M | 3.5M | 2.0M | 20.8M |
| Dividends Per Share | — | — | — | — | — | — | — | — |