Welcome to our dedicated page for Duos Technologies Group news (Ticker: DUOT), a resource for investors and traders seeking the latest updates and insights on Duos Technologies Group stock.
Duos Technologies Group Inc (NASDAQ: DUOT) delivers cutting-edge AI-powered security systems and intelligent logistics solutions for critical infrastructure sectors. This news hub provides stakeholders with timely updates on operational developments, financial milestones, and technological innovations.
Track official announcements spanning rail inspection technology advancements, AI-driven surveillance deployments, and strategic partnerships across government and commercial sectors. Our curated feed includes earnings reports, product launch details, and leadership updates essential for informed decision-making.
Discover updates on Duostech's Railcar Inspection Portal (RIP) implementations, Duos Edge AI computing solutions, and enterprise security system upgrades. Content is organized to highlight both technical breakthroughs and business growth initiatives without market speculation.
Bookmark this page for streamlined access to verified DUOT news. Combine sector-specific insights with corporate updates through our neutral, fact-based reporting on one of the industry's most dynamic technology integrators.
Duos Technologies Group (DUOT) reported Q4 and FY 2024 results, marking a transformative year with significant developments. The company secured its largest-ever contract - a $42 million Asset Management Agreement with New APR Energy and Fortress Investment Group to manage 850MW of Gas-Powered Turbines.
Q4 2024 revenue decreased 4% to $1.46 million, with recurring services revenue up 9%. Full-year 2024 revenue declined 3% to $7.28 million. The company reported a Q4 net loss of $3.41 million and full-year net loss of $10.76 million.
Notable achievements include:
- Secured $5 million advance payment for future services
- Acquired six Edge Data Centers for Texas deployments
- Completed $7.5 million ATM capital raise
- Scanned nearly 10 million railcar images across North America
Looking ahead, Duos projects 2025 revenue between $28-30 million, representing 285-312% growth, with current backlog at $50.5 million.
Duos Technologies Group (Nasdaq: DUOT) has scheduled its Fourth Quarter and Full Year 2024 earnings conference call for Monday, March 31, 2025, at 4:30 PM ET. The company will release its financial results via press release before the call. Management will host the conference call followed by a Q&A session.
Participants are advised to join the conference call 5-10 minutes before the start time. The call will be broadcast live via telephone, and a replay will be available through the investor section of the company's website.
Duos Technologies Group (NASDAQ: DUOT) subsidiary Duos Edge AI announces the grand opening of an advanced Edge Data Center (EDC) in partnership with Region 16 Education Service Center and FiberLight on March 18, 2025, in Amarillo, Texas.
The EDC aims to enhance connectivity and AI-driven education in the Texas Panhandle region, serving 60 school districts and three charter schools covering 83,000 students across 226 campuses. The facility will be positioned within 12 miles of end users, providing 100 kW+ per cabinet capacity and 24/7 data services with rapid 90-day deployment capabilities.
The grand opening event will feature industry leaders including Doug Recker (Duos Edge AI President), Chuck Ferry (Duos Technologies CEO), Ron Kormos (FiberLight CSO), and Dr. Tanya Larkin (Region 16 Executive Director), showcasing the technology's potential impact on regional development and economic growth.
New APR Energy is deploying four mobile gas turbines providing 100MW+ of dedicated behind-the-meter power to a major U.S.-based AI hyperscaler. The installation is expected to be completed within the next 10 days with support from Duos Technologies Group, Inc. (Nasdaq: DUOT).
This deployment addresses the growing challenge of securing power solutions from local utilities for data center expansion. New APR Energy's mobile gas turbine fleet offers a fast and flexible alternative to accelerate project timelines and scalability for data center developers.
The gas turbines are part of a portfolio of power generation assets owned by funds managed by Fortress Investment Group, which recently acquired an 850MW power generation portfolio from the original APR Energy. New APR Energy is led by members of the former APR Energy management team who previously installed and operated over 1.5GW of fast power between 2016 and 2020.
Chuck Ferry, Chairman and CEO for New APR Energy and CEO at Duostech, indicated that more deployments are expected to be announced in the coming weeks.
Duos Technologies Group (Nasdaq: DUOT) has announced its participation in The Microcap Conference 2025, scheduled for January 28-30, 2025, at the Borgata Hotel Spa & Casino in Atlantic City, NJ. The Company's management team will deliver a corporate presentation on Wednesday, January 29th at 10:30 AM ET.
During the conference, Duos' executives will engage in one-on-one meetings with institutional and individual investors, sharing insights about recent developments, growth strategy, and investment opportunities. Interested parties can register to watch the Company's virtual presentation through a provided link.
The Microcap Conference 2025 serves as a premier event for growth-focused companies and investors, providing Duos with a platform to showcase its revolutionary technology platforms and connect with potential investors.
Duos Technologies Group (NASDAQ: DUOT) has been granted a new patent for its obliquevue® Oblique Vehicle Undercarriage Examiner, enhancing its railcar inspection capabilities. The technology provides high-resolution imaging of railcar undercarriages, integrating with the company's Railcar Inspection Portal (RIP®) and CENTRACO® platform.
In 2024, Duos' patented imaging systems scanned nearly 10 million railcar images, demonstrating significant market adoption. The system employs advanced imaging techniques and AI analytics to meet Association of American Railroads (AAR) and Federal Railroad Administration (FRA) safety standards.
The company's intellectual property portfolio now includes 11 granted patents and 6 pending applications, strengthening its position in automated railcar inspection solutions. The technology enables real-time detection of safety concerns and anomalies that traditional systems might miss.
Duos Technologies Group (Nasdaq: DUOT) has finalized an Asset Management Agreement (AMA) through its subsidiary, Duos Energy , with Fortress Investment Group.
The deal, announced on November 20, 2024, involves managing a fleet of 30 mobile gas-powered turbines capable of generating 850 megawatts of power. These assets have been acquired by Fortress and will be managed in partnership with Duos. The agreement is valued at $42 million over two years, with Duos securing a 5% equity stake in the parent company owning the assets.
The turbines are immediately deployable and will address urgent energy demands for data centers and other critical sectors. This partnership aligns with Duos' strategic focus on providing scalable energy solutions to support infrastructure growth.
Duos' leadership, which includes former executives from APR Energy, will oversee the deployment and management of these assets. The company is in active discussions with U.S.-based data center developers and international energy projects for immediate turbine deployment.
CEO Chuck Ferry emphasized the importance of flexible and dependable energy solutions to meet evolving power needs.
Duos Technologies Group (Nasdaq: DUOT), through its subsidiaries Duos Edge AI and Duos Energy, announced a partnership with Pampa Energy Center to develop high-density Data Center Development Parks in Pampa, Texas. This project will be powered by up to 500MW of natural gas self-generation, supplemented by up to 200MW of wind turbine generation. The initiative, spanning over 500 acres, aims to transform Pampa's infrastructure, create jobs, and drive economic growth. The first 50MW HDDC is expected to be operational by the end of 2025. Duos Energy, in collaboration with Fortress Investment Group, will manage power generation assets, ensuring sustainability and resilience. This project addresses the national shortage of High-Density Data Center capacity and positions Pampa as a technological leader.
Duos Technologies Group has announced that its subsidiary Duos Energy has signed a two-year Asset Management Agreement (AMA) worth $42M with Fortress Investment Group affiliates. The agreement involves deploying and operating a fleet of mobile gas turbines with 850 megawatts of combined generation capacity. The assets, being acquired by Fortress from APR Energy, will be managed by Duos, which is already in discussions for deployment to data center developers and international projects. This agreement is part of Duos's strategy to achieve profitability in FY2025.
Duos Technologies Group reported Q3 2024 results with revenue increasing 112% to $3.24 million, driven by technology systems ($1.69M) and recurring services ($1.55M). Gross margin improved 306% to $919,000, while operating expenses decreased 11% to $2.84M. Net loss reduced 53% to $1.40M compared to Q3 2023. The company has $18.8 million in revenue backlog, including near-term extensions. Notable developments include the delivery of Edge Data Center for Amtrak, expansion of Duos Edge AI subsidiary, and the launch of Duos Energy , which secured initial revenues of $500,000.
