DUOT has been successfully added to your Stock Email Alerts list.
You can manage your stock email alerts here.
DUOT has been removed from your Stock Email Alerts list.
Please enter Portfolio Name for new portfolio.
The zones of discrimination for M-Score is as such:
An M-Score of equal or less than -1.78 suggests that the company is unlikely to be a manipulator.
An M-Score of greater than -1.78 signals that the company is likely to be a manipulator.
Warning Sign:
Beneish M-Score -0.37 higher than -1.78, which implies that the company might have manipulated its financial results.
The historical rank and industry rank for Duos Technologies Group's Beneish M-Score or its related term are showing as below:
During the past 13 years, the highest Beneish M-Score of Duos Technologies Group was 3.75. The lowest was -6620.82. And the median was -1.94.
The historical data trend for Duos Technologies Group's Beneish M-Score can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Duos Technologies Group Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Beneish M-Score | Get a 7-Day Free Trial |
![]() |
![]() |
-0.98 | 2.77 | -0.34 | -1.20 | -3.34 |
Duos Technologies Group Quarterly Data | ||||||||||||||||||||
Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | Jun24 | Sep24 | |
Beneish M-Score | Get a 7-Day Free Trial |
![]() |
![]() |
![]() |
![]() |
![]() |
![]() |
![]() |
![]() |
![]() |
![]() |
![]() |
![]() |
-2.09 | -3.34 | -2.26 | 1.24 | -0.37 |
For the Software - Application subindustry, Duos Technologies Group's Beneish M-Score, along with its competitors' market caps and Beneish M-Score data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
For the Software industry and Technology sector, Duos Technologies Group's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Duos Technologies Group's Beneish M-Score falls into.
The M-score was created by Professor Messod Beneish. Instead of measuring the bankruptcy risk (Altman Z-Score) or business trend (Piotroski F-Score), M-score can be used to detect the risk of earnings manipulation. This is the original research paper on M-score.
The M-Score Variables:
The M-score of Duos Technologies Group for today is based on a combination of the following eight different indices:
M | = | -4.84 | + | 0.92 * DSRI | + | 0.528 * GMI | + | 0.404 * AQI | + | 0.892 * SGI | + | 0.115 * DEPI |
= | -4.84 | + | 0.92 * 2.3863 | + | 0.528 * 1.7655 | + | 0.404 * 4.2208 | + | 0.892 * 0.6184 | + | 0.115 * 0.581 | |
- | 0.172 * SGAI | + | 4.679 * TATA | - | 0.327 * LVGI | |||||||
- | 0.172 * 1.6117 | + | 4.679 * -0.085721 | - | 0.327 * 0.9117 | |||||||
= | -0.37 |
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
This Year (Sep24) TTM: | Last Year (Sep23) TTM: |
Total Receivables was $2.37 Mil. Revenue was 3.239 + 1.51 + 1.071 + 1.526 = $7.35 Mil. Gross Profit was 0.919 + -0.215 + 0.095 + 0.304 = $1.10 Mil. Total Current Assets was $4.36 Mil. Total Assets was $22.03 Mil. Property, Plant and Equipment(Net PPE) was $6.44 Mil. Depreciation, Depletion and Amortization(DDA) was $1.97 Mil. Selling, General, & Admin. Expense(SGA) was $10.59 Mil. Total Current Liabilities was $5.96 Mil. Long-Term Debt & Capital Lease Obligation was $5.61 Mil. Net Income was -1.402 + -3.204 + -2.752 + -3.161 = $-10.52 Mil. Non Operating Income was 0.635 + 0.013 + 0.009 + 0.021 = $0.68 Mil. Cash Flow from Operations was -2.259 + -1.908 + -2.033 + -3.109 = $-9.31 Mil. |
Total Receivables was $1.61 Mil. Revenue was 1.531 + 1.77 + 2.644 + 5.934 = $11.88 Mil. Gross Profit was 0.227 + 0.241 + 0.537 + 2.144 = $3.15 Mil. Total Current Assets was $6.75 Mil. Total Assets was $13.38 Mil. Property, Plant and Equipment(Net PPE) was $5.01 Mil. Depreciation, Depletion and Amortization(DDA) was $0.79 Mil. Selling, General, & Admin. Expense(SGA) was $10.63 Mil. Total Current Liabilities was $3.40 Mil. Long-Term Debt & Capital Lease Obligation was $4.31 Mil. |
1. DSRI = Days Sales in Receivables Index
Measured as the ratio of Revenue in Total Receivables in year t to year t-1.
A large increase in DSR could be indicative of revenue inflation.
DSRI | = | (Receivables_t / Revenue_t) | / | (Receivables_t-1 / Revenue_t-1) |
= | (2.37 / 7.346) | / | (1.606 / 11.879) | |
= | 0.322625 | / | 0.135197 | |
= | 2.3863 |
2. GMI = Gross Margin Index
Measured as the ratio of gross margin in year t-1 to gross margin in year t.
Gross margin has deteriorated when this index is above 1. A firm with poorer prospects is more likely to manipulate earnings.
GMI | = | GrossMargin_t-1 | / | GrossMargin_t |
= | (GrossProfit_t-1 / Revenue_t-1) | / | (GrossProfit_t / Revenue_t) | |
= | (3.149 / 11.879) | / | (1.103 / 7.346) | |
= | 0.26509 | / | 0.15015 | |
= | 1.7655 |
3. AQI = Asset Quality Index
AQI is the ratio of asset quality in year t to year t-1.
Asset quality is measured as the ratio of non-current assets other than Property, Plant and Equipment to Total Assets.
AQI | = | (1 - (CurrentAssets_t + PPE_t) / TotalAssets_t) | / | (1 - (CurrentAssets_t-1 + PPE_t-1) / TotalAssets_t-1) |
= | (1 - (4.355 + 6.436) / 22.025) | / | (1 - (6.754 + 5.01) / 13.381) | |
= | 0.510057 | / | 0.120843 | |
= | 4.2208 |
4. SGI = Sales Growth Index
Ratio of Revenue in year t to sales in year t-1.
Sales growth is not itself a measure of manipulation. However, growth companies are likely to find themselves under pressure to manipulate in order to keep up appearances.
SGI | = | Sales_t | / | Sales_t-1 |
= | Revenue_t | / | Revenue_t-1 | |
= | 7.346 | / | 11.879 | |
= | 0.6184 |
5. DEPI = Depreciation Index
Measured as the ratio of the rate of Depreciation, Depletion and Amortization in year t-1 to the corresponding rate in year t.
DEPI greater than 1 indicates that assets are being depreciated at a slower rate. This suggests that the firm might be revising useful asset life assumptions upwards, or adopting a new method that is income friendly.
DEPI | = | (Depreciation_t-1 / (Depreciaton_t-1 + PPE_t-1)) | / | (Depreciation_t / (Depreciaton_t + PPE_t)) |
= | (0.789 / (0.789 + 5.01)) | / | (1.968 / (1.968 + 6.436)) | |
= | 0.136058 | / | 0.234174 | |
= | 0.581 |
Note: If the Depreciation, Depletion and Amortization data is not available, we assume that the depreciation rate is constant and set the Depreciation Index to 1.
6. SGAI = Sales, General and Administrative expenses Index
The ratio of Selling, General, & Admin. Expense(SGA) to Sales in year t relative to year t-1.
SGA expenses index > 1 means that the company is becoming less efficient in generate sales.
SGAI | = | (SGA_t / Sales_t) | / | (SGA_t-1 /Sales_t-1) |
= | (10.593 / 7.346) | / | (10.628 / 11.879) | |
= | 1.442009 | / | 0.894688 | |
= | 1.6117 |
7. LVGI = Leverage Index
The ratio of total debt to Total Assets in year t relative to yeat t-1.
An LVGI > 1 indicates an increase in leverage
LVGI | = | ((LTD_t + CurrentLiabilities_t) / TotalAssets_t) | / | ((LTD_t-1 + CurrentLiabilities_t-1) / TotalAssets_t-1) |
= | ((5.61 + 5.955) / 22.025) | / | ((4.311 + 3.396) / 13.381) | |
= | 0.525085 | / | 0.575966 | |
= | 0.9117 |
8. TATA = Total Accruals to Total Assets
Total accruals calculated as the change in working capital accounts other than cash less depreciation.
TATA | = | (IncomefromContinuingOperations_t | - | CashFlowsfromOperations_t) | / | TotalAssets_t |
= | (NetIncome_t - NonOperatingIncome_t | - | CashFlowsfromOperations_t) | / | TotalAssets_t | |
= | (-10.519 - 0.678 | - | -9.309) | / | 22.025 | |
= | -0.085721 |
An M-Score of equal or less than -1.78 suggests that the company is unlikely to be a manipulator. An M-Score of greater than -1.78 signals that the company is likely to be a manipulator.
Duos Technologies Group has a M-score of -0.37 signals that the company is likely to be a manipulator.
Thank you for viewing the detailed overview of Duos Technologies Group's Beneish M-Score provided by GuruFocus.com. Please click on the following links to see related term pages.
Charles Parker Ferry | director, officer: Chief Executive Officer | 6622 SOUTHPOINT DRIVE SOUTH, SUITE 310, JACKSONVILLE FL 32216 |
Frank A Lonegro | director | 500 WATER STREET, JACKSONVILLE FL 32202 |
James Craig Nixon | director | 7859 SOUTHDOWN ROAD, ALEXANDRIA VA 22308 |
Ned Mavrommatis | director | C/O ID SYSTEMS INC, ONE UNIVERSITY PLAZA, HACKENSACK NJ 07601 |
Kenneth S Ehrman | director | C/O ID SYSTEMS INC, ONE UNIVERSITY PLAZA, HACKENSACK NJ 07601 |
Andrew Winslow Murphy | officer: CFO | C/O DUOS TECHNOLOGIES, 7660 CENTURION PKWY, STE 100, JACKSONVILLE FL 32256 |
Adrian Graham Goldfarb | other: Former CFO | 7660 CENTURION PARKWAY, SUITE 100, JACKSONVILLE FL 32256 |
Norman H Pessin | 10 percent owner | C/O LEVY, HARKINS & CO., INC., 366 MADISON AVENUE, 14TH FLOOR, NEW YORK NY 10017 |
Bleichroeder Lp | 10 percent owner | 1345 AVENUE OF THE AMERICAS, 47TH FLOOR, NEW YORK NY 10105 |
Edmond L Harris | director | 500 WATER STREET, JACKSONVILLE FL 32202 |
Gianni B Arcaini | director, officer: Chairman & CEO | 6622 SOUTHPOINT DRIVE SOUTH, SUITE 310, JACKSONVILLE FL 32216 |
21 April Fund, Ltd. | 10 percent owner | Citco Fund Services (Cayman Islands) Ltd, Regatta Office Park West Bay Road, GRAND CAYMAN E9 KY1-1205 |
Brian L. Pessin | 10 percent owner | 310 EAST 75TH STREET, APT. 2A, NEW YORK NY 10021 |
Sandra F Pessin | 10 percent owner | C/O NORMAN PESSIN, 366 MADISON AVENUE, 14TH FLOOR, NEW YORK NY 10017 |
Weeks Connie L. | officer: Chief Accounting Officer | 6858 PLUM LAKE LN. E., JACKSONVILLE FL 32222 |
From GuruFocus
By Marketwired • 01-14-2025
By GuruFocus News • 02-13-2025
By GuruFocus News • 11-26-2024
By Marketwired • 05-06-2024
By Marketwired • 08-20-2024
By Marketwired • 07-30-2024
By Marketwired • 06-27-2024
By ACCESSWIRE • 01-21-2025
By Marketwired • 06-11-2024
By Marketwired • 05-02-2024
Disclaimers: GuruFocus.com is not operated by a broker or a dealer. It has an affiliated registered investment adviser, which serves as the subadviser to an exchange traded fund. This investment adviser does not provide advice to individual investors. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The individuals or entities selected as "gurus" may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. Gurus may be added or dropped from the GuruFocus site at any time. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes provided by InterActive Data. Fundamental company data provided by Morningstar, updated daily.