earnings
confidence high
sentiment positive
materiality 0.75
Duos Tech Q1 revenue $4.95M (+363% YoY); net loss narrows to $2.08M; reiterates FY2025 rev $28-30M
DUOS TECHNOLOGIES GROUP, INC.
2025-Q1 EPS reported
-$0.18
revenue$4,952,185
- Revenue $4.95M vs $1.07M Q1 2024; services/consulting $4.89M driven by $3.9M from New APR Energy AMA.
- Net loss $2.08M improved from $2.75M loss in Q1 2024; gross margin $1.31M (+1,288%).
- Backlog $45.4M, $17.4M expected in 2025; reiterates FY2025 revenue guidance $28-30M.
- Cash $3.80M plus $2.68M receivables; operating expenses $3.10M (+9%).
- 4 additional edge data centers ordered (10 total); 2.3M railcar scans in Q1.
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