Backlog GrowthThe backlog at Q4 was significantly increased to $51 million, up from $19 million, indicating a substantial pipeline of future work.
Business ExpansionDuos announced a major new contract for $42 million to deploy and operate a fleet of mobile gas turbines, highlighting expanding business opportunities.
Market PotentialThe Railcar Inspection Portal (RIP) system, which uses sophisticated AI algorithms to identify railcar defects, represents a substantial market opportunity.
Revenue GrowthThe company maintained 2025 guidance for revenue of $28 – 30 million, indicating confidence in future growth.