Item 2.02 Results of Operations and Financial Condition.
The materials attached to this Current Report on Form 8-K (this “Report”) as
Exhibit 99.1 include disclosure that Duos Technologies Group, Inc. (the
“Company”) expects its revenues for the first quarter of 2022 to be
approximately $1.3-$1.4 million, and revised its net loss for the fourth quarter
of 2021 to $200,000.
Because the Company’s financial statements for the quarter ended March 31, 2022
have not yet been finalized or reviewed, these preliminary statements regarding
the Company’s revenues as of March 31, 2022 are subject to change, and the
Company’s actual revenues as of that date may differ materially from these
preliminary estimates. Accordingly, you should not place undue reliance on these
Item 7.01 Regulation FD Disclosure.
As previously announced, the Company presented at the Planet MicroCap Showcase
2022 in Las Vegas on Wednesday, May 4, 2022 at 2:00 p.m. PT (5:00 p.m. ET).
Pursuant to Regulation FD, the Company hereby furnishes the materials presented
in the form of a PowerPoint Presentation.
The information provided under Item 2.02 and Item 7.01 of this Report, including
Exhibit 99.1, is “furnished” and shall not be deemed “filed” with the Securities
and Exchange Commission (the “SEC”) or incorporated by reference in any filing
under the Securities Exchange Act of 1934, as amended, or the Securities Act of
1933, as amended. The PowerPoint Presentation may also be found on our website
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits Exhibit No. Description of Exhibit 99.1 PowerPoint Presentation 104 Cover Page Interactive Data File (the cover page XBRL tags are embedded within the inline XBRL document)
Cautionary Note Regarding Forward-Looking Statements
This Report includes forward-looking statements regarding the Company’s
financial results and estimates and business prospects that involve substantial
risks and uncertainties that could cause actual results to differ materially.
Forward-looking statements relate to future events and typically address the
Company’s expected future business and financial performance. Words such as
“plan,” “expect,” “aim,” “believe,” “project,” “target,” “anticipate,” “intend,”
“estimate,” “will,” “may,” “should,” “could,” “forecast” and other words and
terms of similar meaning, typically identify such forward-looking statements. In
particular, statements regarding our projected revenues are examples of such
forward-looking statements. Forward-looking statements involve risks and
uncertainties and there are important factors that could cause actual results to
differ materially from those expressed or implied by these forward-looking
statements. These factors include, but are not limited to, risks related to the
finalization and review of our quarterly results for the quarter ended March 31,
2022 and the possibility that such results may differ from those disclosed in
this Report, the Company’s ability to continue as a going concern, the Company’s
ability to generate sufficient cash to continue and expand operations, the
competitive environment generally and in the Company’s specific market areas,
changes in technology, the availability of and the terms of financing, changes
in costs and availability of goods and services, economic conditions in general
and in the Company’s specific market areas, changes in federal, state and/or
local government laws and regulations potentially affecting the use of the
Company’s technology, changes in operating strategy or development plans and the
ability to attract and retain qualified personnel. The Company cautions that the
foregoing list of risks, uncertainties and factors is not exclusive. Additional
information concerning these and other risk factors is contained in the
Company’s most recently filed Annual Reports on Form 10-K, subsequent Quarterly
Reports on Form 10-Q, recent Current Reports on Form 8-K, and other filings
filed by the Company with the SEC, which are available at the SEC’s website,
http://www.sec.gov. The Company believes its plans, intentions and expectations
reflected in or suggested by these forward-looking statements are based on
reasonable assumptions. No assurance, however, can be given that the Company
will achieve or realize these plans, intentions or expectations. Indeed, it is
likely that some of the Company’s assumptions may prove to be incorrect. The
Company’s actual results and financial position may vary from those projected or
implied in the forward-looking statements and the variances may be material.
Each forward looking statement speaks only as of the date of the particular
statement. We do not undertake or accept any obligation or undertaking to
release publicly any updates or revisions to any forward-looking statements to
reflect any change in our expectations or any change in events, conditions or
circumstances on which any forward-looking statement is based, except as
required by law. All subsequent written and oral forward-looking statements
concerning the Company or other matters attributable to the Company or any
person acting on its behalf are expressly qualified in their entirety by the
cautionary statements above.
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