Duos Technologies Group Reports Improved Third Quarter 2024 Results
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Duos Technologies Group reported a significant improvement in their third quarter 2024 results, with a 112% increase in revenue to $3.24 million. Nearly half of this revenue was from recurring services and consulting, accompanied by increased gross margins and reduced operating expenses.
November 20, 2024 | 12:15 am
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Duos Technologies Group reported a 112% increase in Q3 2024 revenue to $3.24 million, with nearly 50% from recurring services and consulting. The company also improved gross margins and reduced operating expenses.
The significant increase in revenue, particularly from recurring services, suggests strong business performance and potential for sustained growth. Improved margins and reduced expenses further enhance the company's financial health, likely leading to positive investor sentiment and a short-term stock price increase.
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