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Stock impact report

Duos Technologies Group, Inc. (NASDAQ:DUOT) Is Expected To Breakeven In The Near Future [Yahoo! Finance]

Duos Technologies Group, Inc. (DUOT) 
NASDAQ:AMEX Investor Relations: ir.duostechnologies.com
Company Research Source: Yahoo! Finance
Duos Technologies Group, Inc. designs, develops, deploys, and operates intelligent technology solutions in North America. The US$23m market-cap company announced a latest loss of US$11m on 31 December 2023 for its most recent financial year result. The most pressing concern for investors is Duos Technologies Group's path to profitability – when will it breakeven? Below we will provide a high-level summary of the industry analysts' expectations for the company. See our latest analysis for Duos Technologies Group According to some industry analysts covering Duos Technologies Group, breakeven is near. They expect the company to post a final loss in 2024, before turning a profit of US$1.8m in 2025. The company is therefore projected to breakeven just over a year from today. What rate will the company have to grow year-on-year in order to breakeven on this date? Using a line of best fit, we calculated an average annual growth rate of 90%, which is extremely buoyant. Should the business Show less Read more
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