0001396536 false 0001396536 2023-06-28 2023-06-28 iso4217:USD xbrli:shares iso4217:USD xbrli:shares

 

 

 
 

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

——————

 

FORM 8-K

 

——————

 

CURRENT REPORT

 

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

 

Date of Report (Date of earliest event reported): June 28, 2023

 

——————

 

Duos Technologies Group, Inc.

(Exact name of registrant as specified in its charter)

 

——————

 

Florida 001-39227 65-0493217
(State or Other Jurisdiction (Commission (I.R.S. Employer
of Incorporation) File Number) Identification No.)

 

7660 Centurion Parkway, Suite 1000, Jacksonville, Florida 32256

(Address of Principal Executive Offices) (Zip Code)

 

(904) 296-2807

(Registrant’s telephone number, including area code)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class   Trading Symbol(s)   Name of each exchange on which registered
Common Stock (par value $0.001 per share)   DUOT   The Nasdaq Stock Market LLC

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

 

Emerging growth company

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. 

 

 
 

 

 
 

 

Item 8.01  Other Events.

 

Duos Technologies Group, Inc. (the “Company”), through its operating subsidiary Duos Technologies, Inc., a provider of vision based analytical solutions, reported select preliminary results for the second quarter and six months ended June 30, 2023. Based on its preliminary unaudited estimates and information available as of the date hereof, the Company expects total revenue for the second quarter of 2023 to be between $1.8 million and $2.1 million. The decrease is due to certain timing factors primarily related to the booking of revenue versus costs. Based on preliminary second-quarter results, the Company expects total revenue for the six months ended June 30, 2023 to be approximately $4.5 million.

 

Final results for the quarter and six months ended June 30, 2023 will be reported in the Company’s Form 10-Q, which is expected to be filed prior to the August 15, 2023 deadline.

 

Item 9.01  Financial Statements and Exhibits.

 

(d) Exhibits

 

Exhibit No.   Description of Exhibit
104   Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101)

 

 

 
 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.

 

  DUOS TECHNOLOGIES GROUP, INC.
     
     
Dated: June 28, 2023 By:   /s/ Andrew W. Murphy
   

Andrew W. Murphy

Chief Financial Officer