Duos Technologies Group Inc (DUOT)

[Adrian1]

Just to clarify something after the most recent PR, there was a post from someone we believe is a shareholder with the suggestion that Duos has increased their projected revenue guidance for 2023 to $23 to $24 million.

This may have been a misunderstanding by adding the recently announced contract add-ons of $3M to the current guidance of $20-$21M. The Company has not changed its guidance which remains at an expected $20-$21M for 2023. When the Company gives guidance, it states that the number is based on “committed contracts and near term pending orders that are already performing or scheduled to be executed through the remainder of 2023”. Therefore, these add-ons had been contemplated when the Company determined its guidance of $20-21 million.