Duos Technologies Group Inc ( (DUOT) ) has released its Q2 earnings. Here is a breakdown of the information Duos Technologies Group Inc presented to its investors.
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Duos Technologies Group Inc., based in Jacksonville, Florida, specializes in adaptive Edge Data Center solutions and operational services for ‘behind the meter’ electrical power deployment, focusing on machine vision and AI applications.
In its second quarter of 2025, Duos Technologies Group reported a remarkable 280% increase in revenue compared to the same period last year, reaching $5.74 million. This growth was primarily driven by the company’s energy services and edge computing businesses, positioning it well to meet its full-year revenue guidance of $28 million to $30 million.
Key highlights from the quarter include significant contributions from the Asset Management Agreement with New APR Energy, resulting in $4.76 million in services revenue. The company also saw improvements in gross margin and completed a $40 million public offering, enhancing its cash position for future expansions. Despite these gains, Duos reported a net loss of $3.52 million, attributed to non-cash stock-based compensation and one-time expenses.
Looking ahead, Duos Technologies Group remains optimistic about its growth trajectory, with $40.7 million in revenue backlog and plans to install 15 Edge Data Centers in 2025. The company anticipates continued revenue growth and aims to achieve breakeven or better results in the coming quarters.