earnings
confidence high
sentiment neutral
materiality 0.75
Duos Q1 revenue down 45% to $2.72M, net loss $3.49M; reaffirms FY2026 $50M target on $176M Hydra Host contract
DUOS TECHNOLOGIES GROUP, INC.
2026-Q1 EPS
reported -$0.15
vs consensus -$0.03
▼ miss
(-390.2%)
- Q1 2026 revenue $2.72M vs $4.95M YoY; net loss $3.49M vs $2.08M loss in Q1 2025.
- Adjusted EBITDA negative ($1.5 million); company expects positive adjusted EBITDA in H2 2026.
- Reaffirms FY2026 revenue target above $50M, supported by $176M GPUaaS contract with Hydra Host (36-month term, margins >80%).
- Completed $65M capital raise in March; cash $33M plus $15M customer prepayment received post-quarter.
- Planned divestiture of legacy rail inspection business expected to finalize in H2 2026; 8 new Technology Solutions customers added.
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