Duos Technologies Group, Inc. (Nasdaq: DUOT), a leader in intelligent technology solutions, has reported strong second quarter 2025 results, reflecting continued momentum in its Edge Data Center (EDC) and energy services businesses. For the quarter ending June 30, DUOT posted a 280% increase in total revenues to $5.74 million compared to the prior year, with $10.7 million recorded for the first half, the highest in its history. This growth was largely attributed to a significant jump in recurring services and consulting revenue, driven by major progress on the Asset Management Agreement with New APR Energy LLC (APR Energy) and the first recurring revenue from new Edge Data Centers starting in June.
Operational highlights include the deployment and launch of the first production standalone EDC through subsidiary Duos Edge AI, as well as installation activities at three additional sites with long-term leases and anchor tenants. By the end of the quarter, DUOT had ordered ten data centers and twenty backup generators, advancing toward its goal of delivering fifteen EDCs by year-end and an additional fifty in 2026. The company also completed significant generator projects in Mexico and Tennessee, boosting high-margin revenue through managed energy operations.
DUOT noted increased costs during the quarter, mainly due to activities under the AMA. However, gross margin rose to $1.52 million, a turnaround from a loss last year, supported by a five percent non-voting equity stake in APR Energy’s parent company. Cash position was strengthened by a $40 million public equity offering and an additional $12.5 million raised through an at-the-market facility, with contracted backlog at $40.7 million and $18 million in near-term and recurring awards anticipated through 2025.
Management remains optimistic despite a net operating loss of $3.44 million for the quarter, as increased revenue and pipeline are expected to improve results in the second half of 2025. The company continues to reiterate its full-year 2025 revenue guidance of $28 million to $30 million, representing nearly triple the previous year’s results. DUOT is capitalizing on expanded customer contracts for intelligent infrastructure, edge computing, and operational energy solutions.
CEO Chuck Ferry commented in the official earnings release, “I continue to be impressed with the significant improvement in the business since our pivot in the middle of 2024 to add new businesses to the DUOT portfolio. We have recorded higher revenues in the first half than at any other time in the Company’s history and I am highly confident of our continued progress in the second half, not only achieving our revenue guidance but also I am anticipating that we will be recording the first quarter of breakeven or better in the Company’s history.”
Overall, Duos Technologies Group is well positioned to sustain its rapid growth trajectory, with robust revenue, a substantial cash position, and an expanding pipeline, as demand for edge data centers and behind-the-meter energy solutions rises.
