Duos Technologies Group Achieves Record Revenue in Q2 2025

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 $1.51 million in the same quarter the previous year. This growth is largely attributed to the company's execution of the Asset Management Agreement (AMA) with New APR Energy, which has significantly contributed to the company's service and consulting revenue.

The company also reported a record $10.7 million in revenue for the first six months of 2025, marking the highest revenue for that period in its history. This achievement underscores the successful pivot in the company's business strategy, focusing on new ventures such as the AMA and the deployment of Edge Data Centers (EDCs). Duos Technologies has made significant strides in its operational capabilities, including the installation of six gas turbine generators in Mexico and the initiation of installation activities at three additional EDC locations.

Financially, the company has seen an 808% improvement in gross margin to $1.52 million in Q2 2025, up from a negative $0.21 million in Q2 2024. This improvement is primarily due to the high-margin revenue generated through the AMA with New APR Energy. Despite an increase in operating expenses, largely due to non-cash stock-based compensation, the company's net operating loss saw a slight increase to $3.44 million from $3.22 million in the previous year.

Looking ahead, Duos Technologies is optimistic about its financial outlook, with contracts in backlog representing approximately $40.7 million in revenue. The company reiterates its revenue expectations for the fiscal year ending December 31, 2025, projecting total revenue to range between $28 million and $30 million. This would represent an increase of 285% to 312% from 2024, signaling strong confidence in the company's growth trajectory and operational strategy.

For more information on Duos Technologies Group and its innovative solutions, visit https://www.duostech.com.