Duos Technologies Group Stock Earnings Reports

Duos is actively transitioning from legacy rail operations to a data-center and AI infrastructure-focused business. Management is winding down the rail division (fairness opinion ongoing) and the APR asset management agreement, retaining a 5% equity stake in APR's parent. The firm completed a $65M financing in March and ended Q1 2026 with $33M cash; it also received a $15M customer prepayment (with $3M pending) tied to the Hydro Host agreement. Key commercial wins: (1) a GPU-as-a-Service agreement with Hydro Host to deploy 2,304 NVIDIA GPUs (contract value ~ $176M over 36 months, ~ $50M recognized to Duos with projected >80% margins and ~$40M EBITDA contribution), plus ~$25M expected external colocation revenue over the term; and (2) a high-power colocation award to deliver 4.8 MW for a hyperscaler GPU cluster. Duos Technology Solutions (procurement/asset-light offering) added 8 large data center operators and grew backlog to ~ $14M (to ship/invoice in 2026). Company-wide bookings at quarter end were ~$43.5M expected to be recognized in 2026, and management reconfirmed full-year 2026 revenue guidance to exceed $50M, noting most revenue will be recognized in H2. Q1 revenue was $2.7M (down YoY due to AMA wind-down) but gross margin improved materially to ~59%. Q1 net loss was ~$3.5M and adjusted EBITDA was negative ~$1.5M, with management expecting improved profitability as revenue ramps. CapEx plan targets ~25 MW deployment in 2026 (management estimates ~$6.5M per MW and ~ $30M near-term spend), with debt/strategic financing expected to support further scale. Management emphasizes modular edge data centers for high-density AI workloads (5–10 MW sites), speed-to-deploy, and strategic partnerships (NVIDIA, Supermicro, Hydro Host) as competitive advantages.