earnings
confidence high
sentiment positive
materiality 0.90
Duos Q2 revenue up 30% to $6.18M; first profitable quarter; $500M Axe Compute deal
DUOS TECHNOLOGIES GROUP, INC.
- Q2 revenue $6.18M, up 30% YoY; gross margin $3.45M, up 94%; first positive operating quarter at $0.05M.
- Pre-tax income $53.64M vs $1.62M loss; basic EPS $1.61, diluted $1.37, boosted by $50.4M New APR Energy gain.
- Signed five-year, 55 MW hosting agreements with Axe Compute valued at more than $500M; all 25 MW contracted for 2026.
- Secured $111M contract from investment-grade hyperscaler for 10 MW in Columbus, GA; $55M direct offering closed.
- Reaffirms 2026 guidance: revenue over $50M and positive full-year adjusted EBITDA; Q2 adjusted EBITDA $0.5M.