Duos Technologies Sees 363% Revenue Surge in Q1 2025

Duos Technologies Group Inc ( (DUOT) ) has released its Q1 earnings. Here is a breakdown of the information Duos Technologies Group Inc presented to its investors.

Duos Technologies Group Inc., based in Jacksonville, Florida, is a technology company specializing in machine vision and artificial intelligence solutions for analyzing fast-moving vehicles, edge data centers, and power consulting. The company operates through its subsidiaries, including Duos Technologies, Duos Edge AI, and Duos Energy Corporation.

In the first quarter of 2025, Duos Technologies Group reported a significant revenue increase of 363% compared to the same period last year, reaching approximately $5 million. This growth was primarily driven by the company’s services and consulting business, particularly through its Asset Management Agreement with New APR Energy.

Key financial highlights include a notable improvement in gross margin, which increased by 1,288% to $1.31 million. The company also recorded over 2.3 million comprehensive railcar scans and placed orders for additional data centers, aiming for a total of 15 deployed units by year-end. Despite a net operating loss of $1.79 million, the company reduced its net loss by 24% compared to the previous year, thanks to increased revenues from the AMA with New APR.

Looking ahead, Duos Technologies Group maintains a positive outlook, expecting total revenue for 2025 to range between $28 million and $30 million, representing a significant increase from 2024. The company plans to continue leveraging its backlog of contracts and near-term awards to drive growth throughout the year.