Strong Revenue Growth Year-over-Year
Total consolidated revenue for FY2025 was approximately $27.0M versus $7.3M in FY2024, representing roughly a +270% year-over-year increase.
Material Margin and Profitability Improvement
The company delivered $7.9M in gross profit for FY2025 and reported a gross margin of ~29%, a meaningful year-over-year improvement; adjusted EBITDA was positive for the second consecutive quarter (Q3 and Q4).
Major Capital Raises to Fund Growth
Completed a $45M capital raise (July 2025) to fund 15 EDCs and a $65M raise (March 2026) to deploy ~2,300 GPUs-as-a-service and a 4.8 MW high-density EDC — strengthening liquidity to support rapid expansion.
Commercial Wins: High-Value GPU and Colocation Contracts
Signed a GPU-as-a-Service agreement to deploy 2,304 NVIDIA GPUs expected to generate ~ $176M in revenue over a 36-month term with margins exceeding 80% and an estimated annual EBITDA of ~$40M; also awarded a 4.8 MW high-power colocation contract for a leading hyperscaler.
Execution: Deployed 15 Edge Data Centers
Achieved an aggressive 2025 target by procuring, manufacturing and deploying 15 Edge Data Centers (EDCs) and reported 5 additional EDCs in production with plans to add ~20 MW of capacity by year-end.
New Revenue Stream — Duos Technology Solutions
Launched Duos Technology Solutions to procure and distribute data center materials; reported $10M in early sales backlog (expected to be recognized as revenue this year) and low overhead with direct-sourcing intended to improve margins.
Strategic IP and Industry Recognition
Awarded a patent for clean-room technology for modular data center deployments (differentiator for GPU deployments) and received industry recognition (Innovation of the Year and nominations) that validate market positioning.
Strengthened Balance Sheet & Asset Base
Ended FY2025 with approximately $63M in total assets, meaningful cash increases driven by capital raises, and property & equipment (~$27M) reflecting investment in EDC inventory and prebuys for 2026 builds.
2026 Revenue Guidance and Growth Targets
Management provided 2026 revenue guidance of $50M–$55M and set operational targets including a 25 MW deployment goal for the year and expanded GPU/high-density offerings.