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) issues frequent news updates that reflect its activities across machine vision, AI, edge computing, and power consulting. Through subsidiaries Duos Edge AI, Inc. and Duos Energy Corporation, the company announces deployments of Edge Data Centers, partnerships with education and community organizations, and developments in its energy services and digital infrastructure strategy.
News items about Duos Edge AI often highlight new Edge Data Center (EDC) deployments in rural and underserved regions. Recent releases describe EDCs launched in collaboration with independent school districts and education service centers in Texas communities such as Dumas, Waco, Abilene, Victoria, Amarillo, Corpus Christi and Hereford, as well as an expansion into the Greater Chicagoland Area. These stories focus on localized, low-latency compute infrastructure that supports K–12 education, healthcare, workforce development, carrier neutral colocation, and enterprise workloads.
Investors and observers can also find coverage of financial results, capital raises, and strategic commentary. For example, Duos has reported revenue growth associated with its transition toward edge computing and its Asset Management Agreement with New APR Energy, as well as updates on backlog and service and consulting revenue. Earnings releases and conference call announcements provide insight into how edge data centers, recurring services and power consulting contribute to the company’s results.
Additional news includes corporate governance and leadership changes, such as the appointment of a new President with extensive data center experience, board additions with fiber and data center backgrounds, and changes in the chief financial officer role. Duos also reports on its participation in investor conferences and its partnership with the Nomad Futurist Foundation, which focuses on digital infrastructure education and leadership development. This news page allows readers to follow DUOT’s operational milestones, strategic initiatives, and corporate developments in one place.
Duos Technologies Group reported its Q2 2020 results, highlighting a 47% increase in total revenue to $1.98 million, driven by contract completions. Gross profit surged 324% to $739,000, representing 37% of total revenue. The company secured contracts totaling over $4.8 million, including a $2.1 million deal with a railroad customer. However, the six-month revenue declined 48% to $2.97 million, contributing to a net loss of $3.61 million. Management remains optimistic about a potential turnaround in the second half of 2020.