Duos Technologies Group Achieves Record Revenue in Q2 2025
Duos Technologies Group reports significant revenue growth and operational milestones in Q2 2025, driven by its Asset Management Agreement with New APR Energy and the deployment of Edge Data Centers.
Duos Technologies Group, Inc. (Nasdaq: DUOT) has announced its financial results for the second quarter of 2025, showcasing a remarkable 280% increase in total revenues to $5.74 million compared to the same quarter in the previous year. This growth is largely attributed to the company's Asset Management Agreement (AMA) with New APR Energy, which has significantly contributed to the company's service and consulting revenue, marking a pivotal shift in its business model.
The company's operational highlights include the recording of over $5.69 million in Services and Consulting revenue, with $4.76 million stemming from services related to the AMA. Additionally, Duos Technologies has made strides in the deployment of its Edge Data Centers (EDCs), with the first production standalone EDC generating revenues since June 1 and installations underway at three additional locations. The company has also placed orders for four more data centers, aiming to deploy a total of 15 units by the end of the year.
Financially, Duos Technologies has seen a significant improvement in gross margin, which increased by 808% to $1.52 million in Q2 2025, compared to a negative margin in the same quarter of the previous year. This improvement is primarily due to the AMA with New APR Energy, including revenue from the company's 5% non-voting equity interest in New APR's ultimate parent, which contributed at a 100% margin.
Despite these achievements, the company reported a net operating loss of $3.44 million for Q2 2025, an increase from the previous year's loss, attributed to non-cash stock-based compensation and one-time expenses. However, the company's backlog of $40.7 million in revenue and its positive outlook for the remainder of 2025 suggest a strong trajectory towards achieving its revenue expectations of $28 million to $30 million for the fiscal year.
Chuck Ferry, Duos CEO, expressed confidence in the company's continued progress, anticipating the first quarter of breakeven or better in the company's history in the near future. For more details on Duos Technologies Group's Q2 2025 results, visit https://www.duostechnologies.com.