Duos Technologies Group, Inc. (DUOT): History, Ownership, Mission, How It Works & Makes Money

Duos Technologies Group, Inc. (DUOT) is a company in the middle of a major pivot-but is the market fully appreciating its shift from railcar inspection to the AI-driven data center arms race?

The numbers suggest a dramatic transformation: the company is guiding for full-year 2025 revenue between $28 million and $30 million, a potential increase of over 300% from 2024, largely driven by its new Edge Data Center (EDC) and energy services business. You need to understand how this legacy technology provider, which is on track to deploy 15 EDCs by year-end 2025, is actually making money now-and what its mission in the high-growth 'behind the meter' power market truly means for your investment thesis.

Duos Technologies Group, Inc. (DUOT) History

If you're looking at Duos Technologies Group, Inc. (DUOT) today, you're seeing a company in the middle of a major pivot, but to understand the current revenue surge, you have to look back at its corporate roots. Honestly, the company's trajectory is less a straight line and more a strategic acquisition and rebranding that set the stage for its current focus on Edge Data Centers and AI-driven inspection systems.

Given Company's Founding Timeline

Year established

The corporate entity that is now Duos Technologies Group, Inc. was actually incorporated on May 31, 1994, under the name Information Systems Associates, Inc. (ISA). The Duos Technologies, Inc. operating subsidiary, which focuses on technology solutions, began its work in 2001.

Original location

The company has maintained its roots in Florida, with its incorporation and current headquarters located in Jacksonville, FL.

Founding team members

While the original founder(s) of Information Systems Associates, Inc. are not explicitly named in recent public filings, the initial business was focused on consulting services for asset management of large corporate data centers and developing Information Technology (IT) asset management software. The current leadership, including CEO Charles Parker Ferry, stepped in later to drive the company's transformation and pivot toward AI and Edge Data Centers.

Initial capital/funding

Specific initial capital figures for the 1994 incorporation are not publicly disclosed. However, the original business model of providing consulting and software licensing suggests a lower initial capital requirement than a heavy-asset model. The company's significant capitalization came much later, in 2025, when it raised over $50 million to fuel its new market expansion.

Given Company's Evolution Milestones

Given Company's Transformative Moments

The most transformative period for Duos Technologies Group has defintely been the shift that began in late 2024 and accelerated through 2025. This was not a minor adjustment; it was a full-scale business model evolution.

• The Energy Pivot and Revenue Surge: The signing of the Asset Management Agreement (AMA) with New APR Energy on December 31, 2024, was the single biggest catalyst. This AMA is expected to generate $42 million in revenue over its initial 24-month term, fundamentally changing the company's financial profile. This is why Q1 2025 revenue grew 363% to $4.95 million and Q2 2025 revenue grew 280% to $5.74 million year-over-year.
• Cash Infusion and Debt Retirement: The capital raise of over $50 million in 2025 allowed the company to retire all outstanding debt and build a cash reserve of $33.20 million by September 30, 2025. This financial strength is crucial for executing its high-growth strategy.
• Edge Data Center Acceleration: The company is now actively deploying its proprietary Edge Data Centers (EDC), with six EDCs deployed as of Q3 2025 and an additional nine scheduled for Q4. This move provides a recurring, high-margin revenue stream, complementing their traditional rail inspection technology.

Here's the quick math: Management is guiding for full-year 2025 total revenue to range between $28 million and $30 million, which represents a massive increase of 285% to 312% from 2024. That kind of growth is a clear signal that the market is validating the new strategy. For a deeper dive into the numbers behind this transformation, you should read Breaking Down Duos Technologies Group, Inc. (DUOT) Financial Health: Key Insights for Investors.

Duos Technologies Group, Inc. (DUOT) Ownership Structure

Duos Technologies Group, Inc.'s ownership structure is typical for a small-cap public technology company, characterized by a significant retail float alongside meaningful institutional and insider holdings. This balance means that while institutional money managers provide a stabilizing influence, the stock's price action can still be heavily influenced by the sentiment of individual investors and the strategic moves of the executive team.

Duos Technologies Group, Inc. Current Status

Duos Technologies Group, Inc. is a publicly traded entity, listed on the NASDAQ Capital Market under the ticker symbol DUOT. This public status mandates regular filings with the Securities and Exchange Commission (SEC), providing the transparency necessary to understand its governance and financial health.

As of November 13, 2025, the company had approximately 20,415,288 shares of common equity outstanding. This is a crucial figure, especially following the upsized and oversubscribed public offering of common stock in July 2025, which raised $40 million and was expected to fully capitalize the company to fulfill its $50 million revenue pipeline. You can dive deeper into the market's reaction to these events by Exploring Duos Technologies Group, Inc. (DUOT) Investor Profile: Who's Buying and Why?

Duos Technologies Group, Inc. Ownership Breakdown

The company's ownership is split across three main categories, reflecting who controls the voting power and, ultimately, the strategic direction. The substantial public float means a large portion of the shares are readily available for trading, but institutional and insider interests remain key to long-term stability.

Here's the quick math: Insider and Institutional ownership together account for 28.32% of the shares, leaving the vast majority, 71.68%, in the hands of the public float. This high float percentage defintely contributes to the stock's liquidity, but you still need to watch the institutional movements-they are the smart money.

Duos Technologies Group, Inc. Leadership

The leadership team, steering the company's pivot into the Edge Data Center (EDC) and power space, is a mix of seasoned veterans from the technology and energy sectors. This group is responsible for executing on the company's substantial backlog and advancing the deployment of more than 65 Edge Data Centers, a key strategic goal for 2025.

• Charles (Chuck) Ferry: Chief Executive Officer (CEO) and Director. He is a decorated combat veteran who also simultaneously serves as the Executive Chairman and CEO of APR Energy.
• Leah F. Brown: Chief Financial Officer (CFO). She assumed the role following Adrian Goldfarb's planned retirement, effective November 15, 2025, having previously served as Senior VP of Accounting.
• Doug Recker: President and Corporate Officer. He leads the Duos Edge AI subsidiary, focusing on the deployment of Edge Data Centers, bringing over 30 years of experience in the telecommunications and EDC space.
• Jeff Necciai: Chief Technology Officer (CTO). He manages the product and solutions roadmap, overseeing the teams that develop the company's unique AI and machine vision solutions.

The executive team's compensation includes non-cash stock-based compensation, with restricted stock granted on January 1, 2025, under new employment agreements, which is set to cliff vest over three years. This structure ties a significant portion of their wealth to the company's long-term stock performance.

Duos Technologies Group, Inc. (DUOT) Mission and Values

Duos Technologies Group, Inc.'s core purpose is to deploy intelligent automation-specifically machine vision and Artificial Intelligence (AI)-to enhance the safety and efficiency of critical infrastructure, a mission now heavily focused on the Edge Computing space.

You're looking beyond the Q3 2025 revenue of $6.88 million to understand the company's long-term DNA, and honestly, the recent strategic pivot tells you everything you need to know about their current priorities: power and data at the edge.

Duos Technologies Group, Inc.'s Core Purpose

The company's core purpose is to design, develop, deploy, and operate intelligent technology solutions that provide real-time analysis of fast-moving vehicles and support the digital infrastructure market.

This is a pivot from their traditional rail focus, now heavily weighted toward Edge Data Centers (EDC) and power consulting, which is why they project a full-year 2025 revenue guidance of $28 million to $30 million. That's a massive growth signal.

Official mission statement

While a single, formal mission statement is not explicitly published, the company's stated operational goal is to provide a broad range of sophisticated intelligent technology solutions with an emphasis on mission-critical applications for safety, security, situational awareness, and automation. This means:

• Designing and operating intelligent AI solutions for real-time analysis.
• Expanding into the broader digital infrastructure market for power and connectivity.
• Helping customers move commerce more safely and efficiently.

Here's the quick math: their Q3 2025 net operating loss of $1.12 million is a significant improvement over the prior year, driven by the higher-margin services from the Asset Management Agreement with APR Energy, so the mission is now financially validated.

Vision statement

The vision is about transforming operations through technology, not just selling a product. Duos Technologies Group, Inc. aims to be the leader in using advanced technologies (what some call 'cutting-edge technologies') to fundamentally change how railroading, logistics, and intermodal transportation work for their customers. Mission Statement, Vision, & Core Values of Duos Technologies Group, Inc. (DUOT).

This vision is concrete: they are on track to deploy 15 Edge Data Centers by the end of 2025, which is a clear, defintely measurable step towards transforming the digital infrastructure landscape.

• Transform railroading, logistics, and intermodal transportation operations.
• Apply unique, patented solutions to a diverse range of other industries.
• Commit to customer success through technology deployment.

Duos Technologies Group, Inc. Core Values

The company's cultural DNA is built on a set of eight core values, which guide their shift from a pure technology provider to a full-service digital infrastructure player. These values show a commitment to internal excellence and external reliability:

• Safety: Protecting employees, customers, and the community.
• Teamwork: Operating as a unified 'team of teams.'
• Trust: Maintaining honesty and dependability in all interactions.
• Performance-Based: Promoting and rewarding top performers.
• Determination: Working until the job is completed correctly.
• Responsibility: Admitting and correcting mistakes to foster learning.
• Value: Delivering reliable, high-quality technology solutions.
• Innovation: Encouraging new ways to solve complex problems.

Duos Technologies Group, Inc. slogan/tagline

The company's official tagline is a short, punchy summary of their AI and machine vision focus:

• Intelligence In Motion

Duos Technologies Group, Inc. (DUOT) How It Works

Duos Technologies Group, Inc. operates by deploying specialized machine vision and artificial intelligence (AI) systems for rail inspection, but its primary revenue driver in 2025 has become its infrastructure and services business, specifically through modular Edge Data Centers and energy asset management.

The company is projecting total revenue for the 2025 fiscal year to range between $28 million and $30 million, a significant pivot driven by its services and consulting segments. This growth, representing an increase of up to 312% from 2024, shows a clear shift toward digital infrastructure and energy services.

Given Company's Product/Service Portfolio

Given Company's Operational Framework

The operational framework is now dual-focused, blending high-tech system deployment with high-touch, long-term service contracts. Honestly, the services side is what's paying the bills right now.

• Revenue Stream Diversification: The company generates revenue from three main areas: technology systems (like the RIP), recurring services and consulting, and hosting. For the first nine months of 2025, total revenue was $17.6 million, with approximately $17.2 million coming from recurring services and consulting.
• Edge Data Center Rollout: Duos Edge AI is expanding its physical footprint. They are on track to deploy 15 Edge Data Centers by the end of 2025, with six already installed as of Q3. This includes the first out-of-state deployment in Illinois, moving beyond their initial Texas focus.
• Strategic Energy Management: The Asset Management Agreement (AMA) with New APR Energy is the main revenue engine, contributing $5.15 million in Q3 2025 alone. Under this AMA, Duos Energy manages the deployment and operation of mobile gas turbines, which is a pure services play.
• Backlog and Future Revenue: The remaining contract backlog is nearly $26 million, which includes multi-year service and software agreements, plus project revenues extending beyond 2025. That's a solid foundation.

Given Company's Strategic Advantages

The competitive edge for Duos Technologies Group, Inc. is shifting from niche rail-tech to a differentiated position in the rapidly growing Edge Data Center market, plus a defintely smart financial structure on the energy side.

• Proprietary Technology and IP: The company holds a U.S. Patent for its 'Modular Data Center Entryway,' which enhances clean-room security standards. This innovation positions them as a differentiated provider in the digital infrastructure space, targeting sectors like healthcare and finance that require high security and SOC2 compliance.
• High-Margin Financial Structure: The AMA with New APR Energy not only provides substantial recurring services revenue but also includes a 5% non-voting equity interest in the parent company. This equity interest contributed over $904,000 in revenue in Q3 2025 at a 100% gross margin. Here's the quick math: pure profit from a financial stake.
• Focus on Underserved Markets: By deploying modular EDCs in Tier 3/4 and rural markets, the company addresses the power constraints and latency issues for AI and cloud customers where traditional hyperscalers won't go. This strategy allows them to capture demand for computing power in areas that need it most.
• Stronger Balance Sheet: The company raised over $50 million to fund its data center growth and retired all its debt, resulting in a cash and cash equivalents balance of $33.20 million at the end of Q3 2025. That capital base gives them the runway to execute their Edge strategy.

For a deeper dive into the financial health underpinning this operational shift, you should read Breaking Down Duos Technologies Group, Inc. (DUOT) Financial Health: Key Insights for Investors.

Duos Technologies Group, Inc. (DUOT) How It Makes Money

Duos Technologies Group generates revenue primarily by providing high-value, recurring operational services for energy assets and, increasingly, by deploying and operating modular Edge Data Centers (EDCs) for low-latency computing. The company's financial engine has recently pivoted from its legacy railroad technology systems to a high-growth, service-centric model driven by a major Asset Management Agreement (AMA) and its new Edge AI infrastructure business.

Duos Technologies Group, Inc.'s Revenue Breakdown

The company's revenue mix has shifted dramatically in 2025, with services now dominating the top line, as seen in the third quarter (Q3 2025) results. The total revenue for Q3 2025 surged to $6.88 million, a 112% increase year-over-year.

Business Economics

The economic fundamentals of Duos Technologies Group are undergoing a transformation, moving from a project-based model in rail technology to a high-margin, recurring revenue model in digital infrastructure and energy services. This shift is the core of its new strategy.

• Recurring Revenue Focus: The majority of the Q3 2025 services revenue-$5.15 million-came from the Asset Management Agreement (AMA) with New APR Energy. This contract provides a stable, multi-year base of revenue, which is a significant de-risking factor for the business.
• High-Margin Edge AI: The new Duos Edge AI business, which deploys modular, rapidly deployable Edge Data Centers (EDCs), is projected to be a major source of future high-margin revenue. The company anticipates this line of business will ultimately produce gross margins around 70%, which is a huge step up from typical hardware sales.
• Scaling Infrastructure: The strategy involves deploying 15 EDCs by the end of 2025, which forms the foundation for future Annual Recurring Revenue (ARR) from colocation, security, and low-latency services. The expected ARR from the EDC business alone is projected to be between $3.0 million and $65 million over the 2025-2028 period.
• Cost Efficiency: The company is defintely getting better at cost allocation. They are reallocating fixed operating and servicing costs to support the AMA, which is helping to reduce the cost of revenues for the legacy technology systems segment.

This pivot toward services and the Edge Data Center market is what you need to focus on when evaluating the company. For a deeper dive into the market's reaction to this strategy, you should be Exploring Duos Technologies Group, Inc. (DUOT) Investor Profile: Who's Buying and Why?

Duos Technologies Group, Inc.'s Financial Performance

The latest financial results, covering the period up to September 30, 2025, show a company in a high-growth, yet still transitional, phase. Here's the quick math on where the business stands as of November 2025:

• Year-to-Date Revenue: Total revenue for the first nine months of 2025 hit a record $17.6 million, a 202% increase from the same period last year. This puts the company on track to meet its full-year 2025 revenue guidance of $28 million to $30 million.
• Gross Margin Improvement: Gross margin for the first nine months of 2025 increased by a staggering 569% to $5.35 million, largely due to the high-margin contributions from the AMA. Q3 2025 gross margin was $2.52 million, up 174% year-over-year.
• Path to Profitability: Duos Technologies Group achieved positive adjusted EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) of $491,000 in Q3 2025, indicating operational leverage is starting to kick in. However, the company still reported a net loss of $1.04 million for the quarter as it invests in scaling the EDC business.
• Strong Backlog: The total contract backlog stood at nearly $26 million at the end of Q3 2025, with approximately $9.5 million of that expected to be recognized as revenue in Q4 2025. This backlog provides strong visibility into near-term performance.

Duos Technologies Group, Inc. (DUOT) Market Position & Future Outlook

Duos Technologies Group, Inc. is undergoing a significant transformation, pivoting its revenue focus from its legacy Railcar Inspection Portal (RIP) technology toward the high-growth, high-margin Edge Data Center (EDC) and energy services market. This strategic shift is expected to propel the company's total revenue for the 2025 fiscal year to a range between $28 million and $30 million, representing a potential increase of over 285% from 2024 results.

The company's future outlook is tied less to its traditional rail-tech standing and more to its rapid deployment of modular data centers and the substantial, recurring revenue generated from a key Asset Management Agreement (AMA). You need to understand this pivot; it's a defintely a new company now.

Competitive Landscape

The competitive landscape for Duos is now split between two distinct markets: the specialized, conservative Automated Rail Inspection (ARI) sector and the rapidly expanding, capital-intensive Edge Data Center (EDC) space. While the company's RIP technology holds a strong position in North American freight car coverage, its revenue growth is now coming from the EDC vertical, where it competes with much larger players.

Opportunities & Challenges

The opportunity here is clear: Duos is chasing the AI-driven data center 'arms race' by focusing on the power and infrastructure bottlenecks. But that pivot comes with execution risk.

Industry Position

Duos Technologies Group's industry standing is defined by its dual-market approach. In the Automated Rail Inspection market, the company is a recognized technology leader, with its RIP systems scanning a significant portion of the North American freight car fleet. This segment, however, is characterized by slow adoption cycles and a conservative customer base, which is why the revenue growth has been flat.

The more critical position is in the burgeoning Edge Data Center (EDC) and power management sector, which is driving the company's financial performance.

• EDC Niche Focus: Duos is carving out a niche with its modular, 'behind-the-meter' power solutions, which addresses the primary constraint-power availability-for high-density AI data centers.
• Financial Momentum: The company achieved positive adjusted EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) in Q3 2025, ahead of schedule, demonstrating the profitability potential of the new service-centric model.
• Backlog Strength: The total contract backlog is projected at $26 million, with a substantial portion expected to be recognized in Q4 2025, underpinning the full-year revenue guidance.

To get a full picture of who is buying into this new strategy and why, you should be Exploring Duos Technologies Group, Inc. (DUOT) Investor Profile: Who's Buying and Why?