"Despite facing significant external challenges throughout the entirety of 2022, we were able to produce a record performance in the fourth quarter and for the full year. The resilience of our collective team combined with the operational and technical improvements we’ve made have allowed us to succeed and enter 2023 in stride," said Duos Chief Executive Officer Chuck Ferry. "Based on our current projections, we expect another year of strong revenue growth ahead. As we continue to grow our high-margin recurring revenue base through further AI enhancements, expanded service and maintenance agreements, and our new subscription offerings, we also expect steady progress towards improved profitability in the quarters ahead."
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