Overview

* Duos Technologies ( DUOT ) Q3 revenue rises 112% yr/yr to $6.9 mln, driven by AMA with New APR

* Net loss for Q3 2025 was $1.04 mln, a decrease from Q3 2024

* Company raised over $50 mln to support growth, retired all debt

Outlook

* Duos expects 2025 revenue between $28 mln and $30 mln

* Company expects to recognize $12.4 mln from backlog in Q4 2025

Result Drivers

* AMA WITH NEW APR - Significant revenue and gross margin improvements driven by AMA with New APR Energy

* EDGE DATA CENTERS - Deployment of sixth Edge Data Center and partnership with FiberLight to expand connectivity

* GROSS MARGIN IMPROVEMENT - Gross margin increased due to performance of AMA and 5% equity interest in New APR

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Net -$1.04

Loss mln

Q3 EBIT Miss -$1.10 -$1.02

mln mln (2

Analysts

)

Q3 $3.60

Operatin mln

g

Expenses

Analyst Coverage

* The one available analyst rating on the shares is "buy"

* The average consensus recommendation for the software peer group is "buy"

* Wall Street's median 12-month price target for Duos Technologies Group Inc ( DUOT ) is $11.50, about 16.1% above its November 11 closing price of $9.65

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)