Substantial Revenue Growth
Total revenues for Q2 2025 increased 280% to $5.74 million compared to $1.51 million in the second quarter of 2024. For the first half of 2025, revenues increased 314% to $10.69 million from $2.58 million in the same period last year.
Successful Asset Management Agreement
Duos Energy executed an asset management agreement with New APR, resulting in approximately $5.69 million in recurring services and consulting revenue for Q2 2025 and contributing significantly to gross margin improvements.
Edge Data Center Expansion
Duos has commercialized its first Edge Data Center in Amarillo, Texas, and is actively installing additional centers in Victoria, Corpus Christi, Waco, and Dumas, Texas. The company plans to install 15 Edge Data Centers by the end of 2025.
Improved Financial Position
The company raised over $50 million, leading to an increase in shareholders' equity to over $4.7 million. Average trading volume has increased to more than 300,000 shares per day.
Profitability Outlook
The company is on track to achieve breakeven to profitability by Q4 2025 on an adjusted EBITDA basis.