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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 (DUOT) - Prospectus
2024-04-12 20:16
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ———————— FORM S-1 As filed with the Securities and Exchange Commission on April 12, 2024. Registration No. 333- (Primary Standard Industrial Classification Code Number) Florida 7373 65-0493217 (I.R.S. Employer Identification Number) REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 ———————— DUOS TECHNOLOGIES GROUP, INC. (Exact name of registrant as specified in its charter) (State or Other Jurisdiction of Incorporation) 7660 Centu ...
Duos Technologies (DUOT) - Prospectus(update)
2024-02-14 18:07
As filed with the Securities and Exchange Commission on February 14, 2024. Registration No. 333-276327 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ———————— AMENDMENT NO. 2 TO FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 ———————— DUOS TECHNOLOGIES GROUP, INC. (Exact name of registrant as specified in its charter) (State or Other Jurisdiction of Incorporation) (Primary Standard Industrial Classification Code Number) Florida 7373 65-0493217 (I.R.S. Employer Ident ...
Duos Technologies (DUOT) - Prospectus(update)
2024-02-12 17:24
As filed with the Securities and Exchange Commission on February 12, 2024. Registration No. 333-276327 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ———————— AMENDMENT NO. 1 TO FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 ———————— DUOS TECHNOLOGIES GROUP, INC. (Exact name of registrant as specified in its charter) (State or Other Jurisdiction of Incorporation) (Primary Standard Industrial Classification Code Number) Florida 7373 65-0493217 (I.R.S. Employer Ident ...
Duos Technologies (DUOT) - Prospectus
2023-12-29 21:31
As filed with the Securities and Exchange Commission on December 29, 2023. Registration No. 333- UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ———————— FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 ———————— (Exact name of registrant as specified in its charter) (State or Other Jurisdiction of Incorporation) (Primary Standard Industrial Classification Code Number) Florida 7373 65-0493217 (I.R.S. Employer Identification Number) 7660 Centurion Parkway, Suite 100 Jac ...
Duos Technologies (DUOT) - Prospectus
2023-10-05 20:53
As filed with the Securities and Exchange Commission on October 5, 2023. Registration No. 333- UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ———————— FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 ———————— DUOS TECHNOLOGIES GROUP, INC. (Exact name of registrant as specified in its charter) (State or Other Jurisdiction of Incorporation) (Primary Standard Industrial Classification Code Number) Florida 7373 65-0493217 (I.R.S. Employer Identification Number) If this F ...
Duos Technologies (DUOT) - Prospectus(update)
2023-08-04 20:46
As filed with the Securities and Exchange Commission on August 4, 2023. Registration No. 333-273272 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ———————— AMENDMENT NO. 1 TO FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 ———————— DUOS TECHNOLOGIES GROUP, INC. (Exact name of registrant as specified in its charter) (State or Other Jurisdiction of Incorporation) (Primary Standard Industrial Classification Code Number) Florida 7373 65-0493217 (I.R.S. Employer Identifi ...
Duos Technologies (DUOT) - Prospectus
2023-07-14 21:27
As filed with the Securities and Exchange Commission on July 14, 2023. Registration No. 333- UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ———————— FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 ———————— DUOS TECHNOLOGIES GROUP, INC. (Exact name of registrant as specified in its charter) (Primary Standard Industrial Classification Code Number) Florida 7373 65-0493217 (I.R.S. Employer Identification Number) (State or Other Jurisdiction of Incorporation) 7660 Centur ...
Duos Technologies (DUOT) - Prospectus(update)
2023-01-30 21:06
As filed with the Securities and Exchange Commission on January 30, 2023. Registration No. 333-268638 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ———————— AMENDMENT NO. 2 TO FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 ———————— DUOS TECHNOLOGIES GROUP, INC. (Exact name of registrant as specified in its charter) (Primary Standard Industrial Classification Code Number) Florida 7373 65-0493217 (I.R.S. Employer Identification Number) (State or Other Jurisdiction o ...