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 [13] - Gross margin for Q1 2025 increased 1288% to $1,310,000 compared to $90,000 for Q1 2024 [15] - 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 [17] 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 [4] - 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 [5][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 [20] - The company expects to enter 2026 with more than $3,000,000 in annual recurring revenue from multi-year contracts [11] Company Strategy and Development Direction - The company is focused on three distinct segments: Duos Technologies, DuosEdge AI, and DuosEnergy, aiming for significant growth [8] - The strategy includes expanding the edge data center business and enhancing the power management services through the asset management agreement with APR Energy [10][24] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving guidance and executing the strategy effectively, with expectations for continued revenue growth [6][20] - The outlook for the company is promising, with ongoing discussions with hyperscalers for potential partnerships in the edge data center space [32][54] Other Important Information - The company has improved its balance sheet, with shareholders' equity now over $5,100,000 and cash reserves of $6,480,000 [18] - The company has retired $1,000,000 of debt during the quarter and expects to retire an additional $1,200,000 by year-end [19] 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 reasonable expectation for the year, with opportunities for improvement [29][30] Question: Any updates on hyperscaler opportunities in the data center business? - Management confirmed active discussions with three to four hyperscalers interested in utilizing edge data centers for their computing needs [32][33] Question: Has there been any change in the sales cycle due to tariffs? - Management reported no significant changes in the sales cycle or contract signing, indicating strong demand in both the power and edge data center businesses [42][44] Question: How does the company plan to allocate resources for new projects? - Management stated that they are focused on maintaining high utilization rates of their assets and are evaluating opportunities to acquire additional assets to support growth [62][63]