Duos Technologies Group, Inc. (NASDAQ:DUOT) Q4 2022 Earnings Conference Call March 30, 2023 4:30 PM ET
Company Participants
Chuck Ferry - CEO
Andrew Murphy - CFO
Conference Call Participants
Michael Latimore - Northland Capital Markets
Edward Woo - Ascendiant Capital
Operator
Good afternoon. Welcome to Duos Technologies Fourth Quarter and Full Year 2022 Earnings Conference Call. Joining us for today's call are Duos' CEO, Chuck Ferry, and CFO, Andrew Murphy. Following their remarks, we will open the line for your questions. Then, before we conclude today's call, I'll provide the necessary cautions regarding the forward-looking statements made by management during this call.
Now, I'd like to turn the call over to Duos’ CEO, Chuck Ferry. Sir, please proceed.
Chuck Ferry
Welcome everyone and thank you for joining us. We always appreciate your attendance by many of our long-term and current shareholders, and we can also see that we're joined today by a number of new shareholders. Welcome.
Earlier today, we issued a press release announcing our financial results for the fourth quarter and full year as well as other operational highlights. A copy of the press release is available in the Investor Relations section of our website. I encourage all listeners to view that release as well as our 10-K filing with the SEC to better understand some of the details we'll be discussing during our call.
Before I begin with my opening remarks, I would like to address some recent events that are likely to have an impact on our primary rail market and bring much more focus from stakeholders, including customers, unions, regulators and the rail industry on what Duos can offer.
Due to the recent unfortunate derailment in East Palestine, Ohio, Duos has been contacted on many different levels to better understand what our technology does and the many years of investment in our railcar inspection portal and what that can offer. Very much of the first quarter into a greater since the derailment. Duos has been engaged in discussions regarding how our technology might be deployed on a greater scale in the United States to identify and reduce mechanical failures and derailments.
More specifically, we have been requested to provide information on our railcar inspection portal capabilities to congressional leaders, regulators and unions, as well as current and potential customers as to the benefits of using technologies such as our railcar inspection portal, combined with artificial intelligence and human in the loop feedback processes that can augment currently mandated inspections. Later in the call, I will provide additional details.