Duos Technologies Group Inc (NAS:DUOT)
$ 5.98 -0.19 (-3.08%) Market Cap: 50.30 Mil Enterprise Value: 57.81 Mil PE Ratio: 0 PB Ratio: 19.29 GF Score: 52/100
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Duos Technologies Group Inc 4Q Guidance Transcript

Nov 14, 2020 / NTS GMT
Christine Corrado
Proactive - Moderator

Hello, and thanks so much for watching Proactive New York. I'm Christine Corrado. With me right now is Chuck Ferry, CEO at Duos Technologies Group. Along with him is Adrian Goldfarb, CFO. Great to have you both. How are you?

Chuck Ferry
Duos Technologies Group, Inc. - CEO

Good morning, Christine. Thank you.

Adrian Goldfarb
Duos Technologies Group, Inc. - CFO

Thank you.

Questions & Answers

Christine Corrado
Proactive - Moderator

Chuck, I'll start off with you. Duos ended its quarter with $4.1 million in cash. We've kind of talked about this before, but can you remind us about these new rail contract that you brought into kind of helped contribute to this number?

Chuck Ferry
Duos Technologies Group, Inc. - CEO

Yeah, we had two of our Class 1 railroad customers extend contracts for us. It's primarily recurring revenue. So these are basically in two components. One, it's the

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