Duos Technologies Group reports Q1 EPS (38c), consensus (38c)

Reports Q1 revenue $1.07M, consensus $1.4M. “The Company made solid progress in Q1 particularly in the area of new business development, patent awards and building the foundation for our subscription data offering.” said Chuck Ferry, Duos CEO. “While our Q1 results were anticipated, my expectation is that we will deliver growth, particularly in the second half as the results of all our initiatives become booked revenues as indicated by the increase in backlog.”