With over $40 million in expected cash on hand, Duos is now fully capitalized to fulfill its $50 million revenue pipeline and advance deployment of an additional 65 Edge Data Centers Offering included primary participation from fundamental institutional investors, including a leading long-only mutual fund, several preeminent global investment managers, and existing investors JACKSONVILLE, Fla., July 30, 2025 (GLOBE NEWSWIRE) -- Duos Technologies Group, Inc. (“Duos” or the “Company”) (Nasdaq: DUOT) a provide ...

JACKSONVILLE, Fla., July 30, 2025 (GLOBE NEWSWIRE) -- Duos Technologies Group, Inc. (“Duos” or the “Company”) (Nasdaq: DUOT) a provider of adaptive, versatile and streamlined Edge Data Center (“EDC”) solutions tailored to meet evolving needs in any environment, today announced that it is commencing an underwritten public offering of shares of its common stock (or common stock equivalents). The offering is subject to market conditions, and there can be no assurance as to whether or when the offering may be c ...

Core Insights - Duos Technologies Group, Inc. is expanding its Edge Data Center (EDC) infrastructure with the deployment of two new EDCs in Corpus Christi, Texas, aimed at enhancing carrier access and supporting local markets [1][3][4] - The Corpus Christi project is part of Duos Edge AI's broader strategy to deploy 15 EDCs nationwide by 2025, focusing on underserved and high-growth markets [4][6] - The new EDCs will serve as central communication hubs for various sectors, including mobile operators, enterprises, education, and healthcare, thereby driving local economic growth [1][3] Company Strategy - Duos Edge AI emphasizes rapid execution and scalability in deploying next-generation edge infrastructure, which is crucial for meeting increasing demand for localized computing power [3][4] - The company aims to bridge the digital divide by providing high-powered edge computing solutions that minimize latency and optimize performance, particularly in underserved communities [5][6] - The modular design and rapid 90-day deployment capability of the EDCs allow for efficient scaling and integration with existing infrastructure [4][5] Market Impact - The deployment of EDCs in Corpus Christi is expected to enhance service readiness for regional partners and remove barriers to edge connectivity [3][4] - By positioning EDCs within 12 miles of end users, Duos Edge AI aims to significantly improve data processing capabilities for applications requiring real-time responses [5][6] - The initiative is aligned with the growing demand for high-speed computing solutions in various sectors, supporting the digital economy and local development [1][3]

Core Insights - Duos Technologies Group, Inc. has been added to the Russell Microcap® Index, effective June 30, 2025, which is a significant achievement for the company [1][4] - Membership in the Russell Microcap® Index enhances visibility with institutional investors and reflects the company's progress in strategic initiatives [4] - The Russell indexes are widely utilized by investment managers and institutional investors, serving as benchmarks for approximately $10.6 trillion in assets as of June 2024 [4] Company Overview - Duos Technologies Group, Inc. is based in Jacksonville, Florida, and focuses on intelligent technology solutions for Machine Vision and AI applications, including real-time analysis of fast-moving vehicles and Edge Data Centers [6] - The company operates through its subsidiaries, Duos Technologies, Inc., Duos Edge AI, Inc., and Duos Energy Corporation [6] Industry Context - The annual Russell US Indexes reconstitution ranks the 4,000 largest US stocks by total market capitalization, determining membership based on objective market-capitalization rankings and style attributes [3] - FTSE Russell, the global index provider, calculates thousands of indexes that benchmark markets and asset classes in over 70 countries, covering 98% of the investable market globally [7]

Core Insights - Duos Technologies Group, Inc. has announced a strategic partnership with Region 3 Education Service Center to deploy a new Edge Data Center in Victoria, Texas, enhancing its presence in the education sector and rural markets [1][3] - The Victoria EDC will support 37 school districts, providing secure and scalable local computing capabilities for AI-based learning platforms, telemedicine, and EHR systems [3][4] - This deployment is part of Duos Edge AI's 2025 roadmap, aiming for 15 contracted EDCs by year-end, with nine sites already identified [4][6] Company Overview - Duos Edge AI specializes in high-function Edge Data Center solutions designed to minimize latency and optimize performance, particularly in underserved communities [6][8] - The company’s modular architecture is engineered to SOC 2 Type II compliance, featuring N+1 power redundancy and dual generators for enhanced reliability [3][4] - Duos Edge AI aims to position its edge data centers within 12 miles of end users, significantly closer than traditional data centers, enabling timely processing of data for real-time applications [6] Market Impact - The partnership with Region 3 ESC is expected to accelerate digital equity and expand Duos Edge AI's market footprint while contributing to sustainable long-term revenue [4] - The initiative will also create new job opportunities in the Victoria area and foster collaboration with local businesses [4] - The deployment aligns with the increasing demand for localized, low-latency compute infrastructure across Texas, the Southeast, and Midwest [4][6]

Core Points - Duos Technologies Group, Inc. has appointed Brigadier General (Ret.) James Craig Nixon as the new Chairman of its Board of Directors, effective immediately [1] - Brigadier General Nixon succeeds Kenneth Ehrman, who served as Chairman since 2020 and stepped down to focus on his role at Halo Collar [3] - CEO Chuck Ferry expressed confidence in Nixon's leadership, highlighting his military and business experience as valuable for the company's growth in data infrastructure and energy sectors [4] - Nixon has over 29 years of military service and has transitioned into business leadership, previously serving as CEO of ACADEMI and Constellis Group, which generates over $1 billion in annual revenue [4] - Nixon is also a founding partner of the McChrystal Group and currently leads Nixon Six Solutions, advising various organizations [5] - Nixon emphasized the company's potential in critical infrastructure sectors and its foundation in AI and machine vision, indicating a focus on long-term opportunities [6] - Duos Technologies Group, Inc. specializes in intelligent technology solutions for Machine Vision and AI applications, including real-time analysis and power consulting [7][8]

Exhibit 99.1 Duos Technologies Group Reports 4th Quarter and FY 2024 Results Issues guidance following a transformative year with the Company adding two new business lines, significantly strengthening the Balance Sheet and demonstrating enhanced operational capabilities for additional services and consulting related to the fast power business. JACKSONVILLE, FL / Globe Newswire / March 31, 2025 - Duos Technologies Group, Inc. ("Duos" or the "Company") (Nasdaq: DUOT) a provider of machine vision and artificia ...

Financial Performance - Duos Technologies Group, Inc. reported a quarterly loss of $0.18 per share, which aligns with the Zacks Consensus Estimate, an improvement from a loss of $0.38 per share a year ago [1] - The company posted revenues of $4.95 million for the quarter ended March 2025, exceeding the Zacks Consensus Estimate by 15.16%, compared to revenues of $1.07 million in the same quarter last year [2] - The current consensus EPS estimate for the upcoming quarter is -$0.17 on revenues of $5.65 million, and for the current fiscal year, it is -$0.38 on revenues of $28.3 million [7] Market Performance - Duos Technologies Group, Inc. shares have increased approximately 21.2% since the beginning of the year, significantly outperforming the S&P 500, which gained only 0.2% [3] - The company has surpassed consensus revenue estimates three times over the last four quarters, indicating a positive trend in revenue performance [2] Earnings Outlook - The sustainability of the stock's price movement will largely depend on management's commentary during the earnings call and the company's earnings outlook [3][4] - The estimate revisions trend for Duos Technologies Group, Inc. is currently mixed, resulting in a Zacks Rank 3 (Hold), suggesting the shares are expected to perform in line with the market in the near future [6] Industry Context - The Technology Services industry, to which Duos Technologies Group, Inc. belongs, is currently ranked in the top 20% of over 250 Zacks industries, indicating a favorable industry outlook [8]

Duos Technologies Group (DUOT) Q1 2025 Earnings Call May 15, 2025 04:30 PM ET Company Participants Charles Ferry - CEO & DirectorAdrian Goldfarb - CFODan Weston - General Manager Conference Call Participants Mike Latimore - Managing Director & Senior Research AnalystEdward Woo - Director of Research & Senior Analyst Operator Good afternoon. Welcome to Duos Technologies First Quarter twenty twenty five Earnings Conference Call. Joining us today's call are Duos' CEO, Chuck Ferry and CFO, Adrian Goldfarb. Foll ...

Financial Data and Key Metrics Changes - Total revenues for Q1 2025 increased 363% to $4,950,000 compared to $1,070,000 in Q1 2024 [11] - Gross margin for Q1 2025 increased 1288% to $1,310,000 compared to $90,000 for Q1 2024 [13] - Net loss for Q1 2025 totaled $2,080,000 compared to a net loss of $2,750,000 for Q1 2024, representing a 24% decrease in net loss [15] Business Line Data and Key Metrics Changes - The power line of business contracted 570 megawatts with APR Energy's gas turbine fleet, an increase of 180 megawatts since the last report [3] - The edge data center business, DuosEdge AI, has customer commitments for an additional eight edge data centers, expecting to complete installations in the next six months [4][8] - Revenues from the asset management agreement (AMA) with APR Energy are expected to positively impact gross margins [11] Market Data and Key Metrics Changes - Current contracts and backlog represent more than $45,000,000 in revenue, with approximately $17,400,000 projected to be recognized in Q2 2025 [18] - The company expects to enter 2026 with more than $3,000,000 in annual recurring revenue from multi-year contracts [9] Company Strategy and Development Direction - The company is focused on executing its strategy to grow into a larger entity through three distinct divisions: Duos Technologies, DuosEdge AI, and DuosEnergy [6] - The edge AI division is actively marketing remote data centers to serve local communities and businesses, with plans to deploy 15 edge data centers by the end of the year [7][8] - The company is evaluating opportunities to acquire additional assets to grow the overall value of APR Energy [46] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the growth of the power business and the edge data center market, noting that both lines of business are currently performing well [34][36] - The company anticipates breakeven or potential profitability in the third and fourth quarters, with a focus on minimizing losses in the first half of the year [19] Other Important Information - The company has improved its balance sheet, with shareholders' equity now over $5,100,000 and cash of $6,480,000 [16] - The company has retired $1,000,000 of debt during the quarter and expects to retire an additional $1,200,000 by year-end [17] Q&A Session Summary Question: What is the expected gross margin for the power business throughout the year? - Management indicated that a gross margin of around 32% is a good range to expect for the year, with opportunities to improve [26][27] Question: Any updates on hyperscaler opportunities in the data center business? - Management confirmed active discussions with three or four hyperscalers interested in utilizing edge data centers and behind-the-meter power solutions [28][29] Question: Has there been any change in the sales cycle due to tariffs? - Management reported no significant impact from tariffs on the power or edge data center businesses, stating that both lines are performing well [33][34] Question: How does the company plan to allocate resources for new projects? - Management noted that they are maintaining a high utilization rate of their assets and are evaluating opportunities for additional acquisitions to support growth [45][46]