Duos Technologies Group Ends 3Q with $4.1 Million in Cash Off the Back of Two New Rail Contracts

New CEO Chuck Ferry told shareholders that the group is starting to see a return to normal business conditions ahead of a “new growth era” at Duos.

Duos Technologies Group Inc (NASDAQ:DUOT) ended its third quarter with US$4.1 million in cash, thanks in part to the signing of two significant new rail contracts, the company reported Thursday.