DUOS TECHNOLOGIES GROUP, INC. Files S-1/A Amendment

TL;DR

<b>DUOS TECHNOLOGIES GROUP, INC. (DUOT) has filed an S-1/A amendment, providing updated financial information and details on its preferred stock structure.</b>

AI Summary

DUOS TECHNOLOGIES GROUP, INC. (DUOT) filed a Amended IPO Registration (S-1/A) with the SEC on February 12, 2024. The filing is an S-1/A amendment for DUOS TECHNOLOGIES GROUP, INC. (DUOT). The company's fiscal year ends on December 31st. The filing includes data for fiscal years ending 2021, 2022, and the nine months ending September 30, 2023. Key financial data points such as revenue, net income, and EPS are referenced. Various series of preferred stock (A, B, C, D, E, F) are mentioned in relation to different fiscal periods.

Why It Matters

For investors and stakeholders tracking DUOS TECHNOLOGIES GROUP, INC., this filing contains several important signals. This amendment provides crucial updates for investors and potential investors regarding the company's financial health and capital structure. Understanding the details of preferred stock series and their associated dates is important for valuing the company and assessing potential dilution.

Risk Assessment

Risk Level: medium — DUOS TECHNOLOGIES GROUP, INC. shows moderate risk based on this filing. The filing is an amendment to a registration statement, indicating ongoing or prior financial activities that may carry inherent risks, but specific risk levels are not detailed in this header information.

Analyst Insight

Review the full S-1/A filing to understand the specific financial details, business operations, and risk factors associated with DUOS TECHNOLOGIES GROUP, INC.

Revenue Breakdown

Key Numbers

• 2024-02-12 — Filing Date (DATE AS OF CHANGE)
• 2023-09-30 — Interim Period End Date (Nine months ended)
• 2022-12-31 — Fiscal Year End Date (Fiscal Year End)
• 2021-12-31 — Fiscal Year End Date (Fiscal Year End)

Key Players & Entities

• DUOS TECHNOLOGIES GROUP, INC. (company) — COMPANY CONFORMED NAME
• DUOT (company) — Ticker Symbol
• 7660 CENTURION PARKWAY (location) — BUSINESS ADDRESS STREET 1
• JACKSONVILLE (location) — BUSINESS ADDRESS CITY
• FL (location) — BUSINESS ADDRESS STATE
• 32256 (location) — BUSINESS ADDRESS ZIP
• 904-296-2807 (phone) — BUSINESS PHONE
• 1933 Act (regulation) — SEC ACT

Forward-Looking Statements

• DUOS Technologies Group, Inc. will proceed with a new equity offering within the next 6-12 months. (DUOS TECHNOLOGIES GROUP, INC.) — medium confidence, target: 2025-02-12
• The potential new offering will primarily consist of convertible preferred stock. (DUOS TECHNOLOGIES GROUP, INC.) — high confidence, target: 2025-02-12

FAQ

Industry Context

DUOS TECHNOLOGIES GROUP, INC. operates in the pre-packaged software industry.

Regulatory Implications

The filing is made under the Securities Act of 1933.

What Investors Should Do

1. Analyze the detailed financial statements within the S-1/A filing.
2. Investigate the terms and implications of the various preferred stock series mentioned.
3. Assess the company's overall financial performance and future outlook based on the updated information.

Year-Over-Year Comparison

This is an amendment (S-1/A) to a previous filing, indicating updates to the initial registration statement.

Key Financial Figures

• $0.001 — 0,000 shares of common stock, par value $0.001 per share (the "Common Stock"), of Duos
• $4.46 — ported on the Nasdaq Capital Market was $4.46 per share. This price will fluctuate ba
• $165,000 — r during the second quarter of 2023 for $165,000 via a convertible note. 2 The year 2

Filing Documents

• duos_s1a.htm (S-1/A) — 3567KB
• ex23x1.htm (EX-23.1) — 3KB
• image_001.jpg (GRAPHIC) — 13KB
• image_002.jpg (GRAPHIC) — 3KB
• 0001079973-24-000217.txt (&nbsp;) — 13366KB
• duot-20230930.xsd (EX-101.SCH) — 77KB
• duot-20230930_cal.xml (EX-101.CAL) — 75KB
• duot-20230930_def.xml (EX-101.DEF) — 311KB
• duot-20230930_lab.xml (EX-101.LAB) — 454KB
• duot-20230930_pre.xml (EX-101.PRE) — 435KB
• duos_s1a_htm.xml (XML) — 2699KB

Risk Factors

Risk Factors 16 Cautionary Note Regarding Forward-Looking Statements 23

Use of Proceeds

Use of Proceeds 24 Selling Stockholders 25 Plan of Distribution 27 Market for Common Equity and Related Shareholder Matters 29

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 30

Business

Business 49 Directors, Executive Officers and Key Employees 54

Executive Compensation

Executive Compensation 60

Security Ownership of Certain Beneficial Owners and Management

Security Ownership of Certain Beneficial Owners and Management 63 Certain Relationships and Related Party Transactions 64

Description of Capital Stock

Description of Capital Stock 65 Interests of Named Experts and Counsel 68 Where You Can Find More Information 68 Incorporation of Certain Information by Reference 68 Index to Consolidated Financial Statements F-1 This prospectus is part of a registration statement that we have filed with the Securities and Exchange Commission (the "SEC" or the "Commission"). By using such a registration statement, the Selling Stockholders may, from time to time, offer and sell shares of our common stock pursuant to this prospectus. It is important for you to read and consider all of our information contained in this prospectus before making any decision whether to invest in the common stock. You should also read and consider the information contained in the documents that we have incorporated by reference as described in "Where You Can Find More Information," and "Incorporation of Certain Information by Reference" in this prospectus. We and the Selling Stockholders have not authorized anyone to give any information or to make any representations different from that which is contained or incorporated by reference in this prospectus in connection with the offer made by this prospectus and, if given or made, such information or representations must not be relied upon as having been authorized by the Company or any Selling Stockholder. Neither the delivery of this prospectus nor any sale made hereunder and thereunder shall under any circumstances create an implication that there has been no change in the affairs of the Company since the date hereof. You should assume that information contained in this prospectus is accurate only as of the date on the front cover hereof. Our business, financial condition, results of operations and prospects may have changed since that date. This prospectus does not constitute an offer or solicitation by anyone in any state in which such offer or solicitation is not authorized or in which the person making such offer or solicitation is not

View Full Filing

View this S-1/A filing on SEC EDGAR