DUOS TECHNOLOGIES GROUP, INC. SEC Filings

Duos Technologies Group, Inc. (DUOT) reported a transformative Q2 2026 as it completed its shift into an AI-focused edge data center and infrastructure company. Revenue from continuing operations rose 30% to $6.18 million, gross margin expanded to 55.8%, and Duos generated its first positive operating quarter with income from operations of about $0.05 million. A $53.2 million gain on the sale of its 5% New APR Energy stake drove net income from continuing operations to $48.7 million and total net income to $47.8 million.

Duos divested its legacy rail business, is now effectively debt-free, and ended June 30, 2026 with $112.3 million in cash and stockholders’ equity of $207.4 million. Bookings total about $43.5 million expected to be recognized in 2026, plus $1.1 million of deferred Technology Solutions revenue. Management reaffirmed 2026 revenue above $50 million and guides to positive adjusted EBITDA for the year, after Q2 adjusted EBITDA of $0.5 million.

Growth is anchored by data center and AI infrastructure contracts, including a five-year, $111+ million, 10 MW colocation deal with Axe Compute in Columbus, Georgia and new service orders for an additional 55 MW across multiple U.S. sites with expected base payments above $500 million. Duos targets 25 MW of capacity deployed in 2026 and cites over 75 MW under contract, supported by a program to install 2,304 NVIDIA B300 GPUs and a 2027 revenue framework of at least $160 million, largely from recurring infrastructure services.

Duos Technologies Group, Inc. (DUOT) appointed Dipan Patel as its Chief Operating Officer, effective August 14, 2026. Patel joined the company in June 2026 and brings experience leading digital infrastructure businesses across North America, Asia-Pacific and Europe, including managing a $25 billion digital infrastructure portfolio at Telstra InfraCo.

His compensation includes an annual base salary of $375,000 and eligibility for a performance-based bonus of up to 80% of base salary. He also received 200,000 restricted shares of common stock under the 2021 Equity Incentive Plan, subject to a three-year cliff vesting schedule, vesting on July 1, 2029. The company states there are no family relationships or related-party transactions requiring disclosure.

DUOS TECHNOLOGIES GROUP, INC. officer Dipan D. Patel, Chief Operating Officer, filed an initial ownership report of company securities. The filing notes a grant of Common Stock under the company’s 2021 Equity Incentive Plan, subject to a three-year cliff vesting period with all shares vesting on July 1, 2029. No purchase, sale, or other transactional activity is reported; the entries function as holdings disclosures rather than trades.

Duos Technologies Group, Inc. announced that two of its project entities have executed five‑year hosting service orders with Axe Compute Inc. covering an aggregate 55 MW of AI data center capacity across multiple U.S. sites. The agreements are valued at over $500 million in aggregate contractual base payments over their initial five‑year terms, including annual escalators and excluding electricity and other usage‑based charges. Billing under each agreement is contingent on successful completion, ready‑for‑service testing, and Axe Compute’s written acceptance of each deployment.

Initial project readiness is targeted to begin in late 2026 and continue into early 2027, subject to construction, commissioning and performance testing. The contracts include renewal options and rights supporting potential future expansion. Duos and Axe Compute have also signed nonbinding term sheets that contemplate potential minority investments by Axe Compute in the project special‑purpose entities, with Duos expected to retain majority ownership if such investments are completed under future definitive agreements.

Duos Technologies Group, Inc. filed a notice that it will delay its Quarterly Report on Form 10-Q for the period ended June 30, 2026. The delay is attributed to more time being needed to complete financial statements and related disclosures and to allow the independent registered public accounting firm to finish its review.

The company states the report could not be filed on the August 14, 2026 deadline without unreasonable effort or expense and expects to file the Form 10-Q no later than the fifth calendar day following that date. Duos indicates all other required periodic reports over the past 12 months have been filed and does not anticipate any significant change in results of operations versus the corresponding period of the prior fiscal year.

Alyeska Investment Group, L.P., Alyeska Fund GP, LLC and Anand Parekh report their ownership in Duos Technologies Group, Inc. common stock. As of 30 June 2026, they beneficially own 3,517,798 shares, representing 9.99% of the common stock. This position consists of 2,000,000 shares of common stock and 1,517,798 shares issuable upon exercise of pre-funded warrants.

The reporting persons hold pre-funded warrants exercisable for 3,800,000 shares, but a 9.99% beneficial ownership limitation restricts exercise so beneficial ownership does not exceed 9.99% of the 35,213,196 shares outstanding referenced from a June 17, 2026 Form 424B5. Voting and investment control is exercised by Alyeska Investment Group, L.P. over shares held by Alyeska Master Fund, L.P., and Anand Parekh may be deemed a beneficial owner but disclaims beneficial ownership.

Bleichroeder LP and related reporting persons disclose a significant ownership stake in Duos Technologies Group, Inc. They report beneficial ownership of 6,750,079 common shares, representing 18.48% of Duos Technologies’ common stock. This position includes 1,627,806 common shares and 5,122,273 common shares issuable upon conversion of Series D and Series E Non-Voting Convertible Preferred Stock. Bleichroeder Holdings LLC and Andrew Gundlach report the same voting and dispositive power over these shares, each with sole voting and sole dispositive power over the 6,750,079 shares.

Duos Technologies Group, Inc. completed the sale of its wholly owned rail technology subsidiary, Duos Technologies, Inc. to Sandbank Acosta, LLC under a Stock Transfer Agreement effective June 30, 2026. Before closing, Duos contributed all intercompany balances to DTI as equity and funded $3,500,000 of cash into DTI.

At closing, DTI issued Duos a promissory note for $5,435,403, equal to DTI’s net asset value after the cash contribution, bearing 5% simple interest and maturing on August 5, 2031, with no prepayment penalty and a setoff right tied to certain rail-portal completion costs. Duos will provide transition services and employee leasing support to DTI through December 31, 2026 on a reimbursable basis plus a 5% handling fee.

Sandbank Acosta, LLC is owned 50% by Interim CFO Adrian Goldfarb and 50% by investor Javier G. Acosta, making the divestiture a related party transaction reviewed and approved by Duos’ board. The transaction completes Duos’ exit from the rail technology industry and finalizes its strategic shift toward edge data center and AI infrastructure businesses, with DTI’s historical results to be presented as discontinued operations starting with the Form 10-Q for the quarter ended June 30, 2026.

BlackRock, Inc. reports beneficial ownership of common stock of DUOS TECHNOLOGIES GROUP INC. BlackRock and certain of its business units beneficially own 1,657,657 shares of common stock, representing 5.3% of the class.

BlackRock has sole voting power over 1,633,253 shares and sole dispositive power over 1,657,657 shares, with no shared voting or dispositive power. The position is held on behalf of various underlying clients, and no single other person has an interest in more than five percent of Duos Technologies Group Inc’s outstanding common shares.