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Duos Technologies Group Sets Third Quarter 2025 Earnings Call for Wednesday, November 12, 2025, at 4:30 PM ET
Globenewswire· 2025-11-05 21:30
Core Viewpoint - Duos Technologies Group, Inc. will host its first live video earnings call on November 12, 2025, to discuss its financial results for Q3 2025 [1][2]. Group 1: Event Details - The live-streamed event will include prepared remarks from management followed by a Q&A session [2]. - Investors can access the broadcast through the Company's Investor Relations website or via Microsoft Teams [2]. - The call is scheduled for 4:30 p.m. ET (1:30 p.m. PT) [2]. Group 2: Company Overview - Duos Technologies Group, Inc. is based in Jacksonville, Florida, and operates through subsidiaries focused on intelligent technology solutions for Machine Vision and AI applications [5]. - The company specializes in real-time analysis of fast-moving vehicles, Edge Data Centers, and power consulting [5].
Duos Technologies Group Reports Second Quarter 2025 Results
Globenewswire· 2025-08-14 20:15
Core Insights - Duos Technologies Group, Inc. reported a 280% increase in quarterly revenue, reaching $5.74 million in Q2 2025 compared to $1.51 million in Q2 2024, driven by strong performance in energy services and edge computing [4][20] - The company is on track to meet its full-year revenue guidance of $28 million to $30 million, representing a projected increase of 285% to 312% from 2024 [20][21] - The gross margin for Q2 2025 improved significantly, increasing 808% to $1.52 million from a loss of $0.21 million in Q2 2024, primarily due to the execution of the Asset Management Agreement (AMA) with New APR Energy [7][15] Financial Performance - Total revenue for the first six months of 2025 increased 314% to $10.69 million from $2.58 million in the same period last year [12][13] - Services and consulting revenue accounted for approximately $10.59 million, with significant contributions from the AMA [13][14] - Cost of revenues increased 191% to $7.86 million, primarily due to the support of the AMA [14] Operational Highlights - The company showcased its first production standalone Edge Data Center (EDC) and began installation activities at three additional locations [4][19] - As of the end of Q2 2025, Duos had a revenue backlog of approximately $40.7 million, with $18 million expected to be recognized in 2025 [19][20] - Duos completed a $40 million public offering and raised an additional $12.5 million through an At-the-Market offering, enhancing its cash position for future expansions [4][20] Management Commentary - The CEO expressed confidence in the company's growth trajectory, highlighting the record revenues achieved in the first half of 2025 and the expectation of reaching breakeven in the near future [21]
Duos Technologies Group Sets Second Quarter 2025 Earnings Call for Thursday, August 14, 2025 at 4:30 PM ET
GlobeNewswire News Room· 2025-08-07 12:00
Core Points - Duos Technologies Group, Inc. will hold a conference call on August 14, 2025, at 4:30 p.m. Eastern time to discuss its financial results for Q2 2025 [1][2] - The financial results will be released via press release prior to the call [1] - The conference call will include a question-and-answer session hosted by Duos management [1] Company Overview - Duos Technologies Group, Inc. is based in Jacksonville, Florida, and operates through its subsidiaries, focusing on intelligent technology solutions for Machine Vision and AI applications [5] - The company's offerings include real-time analysis of fast-moving vehicles, Edge Data Centers, and power consulting [5]