Anybody have anything on DUOT?
Duos Technologies Group, Inc.
Supposedly they are driverless freight trains.
MoneySlob
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That reminds me of the movie “Unstoppable”.
But I’m sure it’ll be all right. Right?
Rob
He is no fool who gives what he cannot keep to gain what he cannot lose.
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We have driverless switch trains in St Louis. I have never seen one but have seen the warning signs. Apparently they are used to move cars between Frisco and Missouri Pacific (now BNSF and UP) yards.
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Took a quick look and this is who they are:
Duos Tech - DUOT
Potential Teeny Tiny Cap Hidden Gem?
Advanced technology company that specializes in Machine Vision % Artificial Intelligence to analyze fast moving objects,
Here is what they say about themselves:
Duos deploys cutting-edge technologies that transform railroading, logistics, and intermodal transportation operations for our customers. Additionally, these unique patented solutions coupled with commitment to customer success allows our technologies to be applied into many other industries.
Human-in-the-Loop (HITL) is a branch of AI that brings together AI and human intelligence to create and strengthen machine learning models. In HITL, humans are involved with setting up, testing and tuning the systems and models with the goal of improving decision-making, and actioning those decisions, where appropriate. The combination of HITL and Machine Learning acts as a force multiplier by eliminating false positives and continuously improving detection capabilities. The combination combines the rapid analysis or machines with the judgement of humans.
Benefits of the Duos implementation of HITL
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Extending human-observed quality control into production runtime
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Ensures the highest possible accuracy in AI detections
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Increases learning speed for newly introduced models
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Facilitates the continuous improvement of models through the addition of human-verified and/or human-corrected cases to existing model training data
The company has a “fully integrated platform” that is offered on a subscription basis:
Truevue360™ is our fully integrated platform that utilizes Artificial Intelligence (AI), including Machine Learning, Computer Vision, Object Detection and Deep Neural Network-based processing for real-time applications.
truevue360™ offers an “Artificial Intelligence as a Service” (AIaaS) solution that can be hosted in the cloud, on premise or on the edge. All that you need to provide are business requirements and a data stream. truevue360™ will do the rest.
Current Price: $5.54
About 7.3% Below its High
Market Cap: $39.7M
EV/S (fwd): 2.04
YTD Momentum: +163.8%
So - How They Doing?
The company reported Q1 on May 15:
- Total revenues for Q1 2023 increased 84% to $2.64 million compared to $1.44 million in the first quarter of 2022 (“Q1 2022”).
The increase in revenues was driven by the manufacturing of two high-speed, bespoke RIPs for a transit customer and the successful delivery of AI detection models for a number of freight rail customers.
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Gross margin for Q1 2023 increased 142%
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Operating expenses for Q1 2023 decreased 6% to $2.68 million compared to $2.86 million for Q1 2022.
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Net operating loss for Q1 2023 totaled $2.14 million compared to net operating loss of $2.64 million for Q1 2022.
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At the end of the first quarter, the Company’s contracts in backlog represented approximately $9.4 million in revenue, of which approximately $7.7 million is expected to be recognized during the remainder of 2023.
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Guidance:
Duos is reiterating its previously stated revenue expectations for the fiscal year ending December 31, 2023. The Company expects total revenue for 2023 to range between $20.0 million and $21.0 million, representing an increase of 33% to 40% compared to 2022.
As a result of timing and other factors, the Company expects revenues in the second quarter of 2023 to be in-line with the first quarter of 2023 before ramping more significantly in the latter half of the year.
Press Release Here:
CC Commentary:
“We remain encouraged by the commercial opportunities that have begun to present themselves thanks to the diligence of our commercial team and some of the recent events around derailments and subsequent legislative activity.”
“That said, as we look ahead, 2023 is not without its challenges. The primary challenge we anticipate is timing of contracts and revenue recognition. As such, we anticipate we will see a slowdown in the second quarter due to delays by customers before picking up again in the latter half of 2023. We currently do not anticipate that this will change our overall guidance, but the timing within quarters will be challenging to predict. In spite of these challenges, we’re continuing to see subscription opportunities present themselves, and the company will continue to focus on growing out its recurring revenue services and improve profitability and ensure long-term financial health of the organization.”
"We expect total revenue for 2023 to range between $20 million and $21 million, representing an increase of 33% to 40% compared to 2022. "
CC Transcript Here:
Fan Reaction: On the day of the report the stock price was $3.85 and has since climbed +43.9%.
Scouting Reports:
Thanks to MSlob for bringing up the company.
All the Best,
BDH Investing
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Friday close they were up 28.78%
It is a teenie tiny position but I’ll take it!
Doesn’t mean anything:
Cheers;
MoneySlob
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up 24.09% today.
decided to double and a half my position. Still only a 6% share of my portfolio.
Maybe I turn this into a Champico Trading Block but with a twist. Put a 5% trailing stop, then sit around and buy back in when it goes back up 5%. Not sure what that is called. A “Trailing Start”? Ah, in a perfect world . . .
MoneySlob
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