Duos Technologies Q2 Revenue Beats Estimates by 26%, Reaffirms $50M+ 2026 Outlook
DUOT sits 92% above its 52-week low of $5.775 on elevated volume (6.0× avg).
Summary
Duos Technologies reported Q2 revenue of $6.18M, up nearly 30% year-over-year and beating the $4.90M consensus estimate by 26%. Adjusted EBITDA turned positive for the quarter, driven by growth in Technology Solutions tied to AI and data center deployments, along with lower costs from winding down AMA-related activities. Net income was also boosted by a gain from the sale of a minority stake in New APR Energy. Management reaffirmed its 2026 revenue guidance to exceed $50M and expects positive adjusted EBITDA for the full year, with a significant portion of revenue recognized in H2. This follows the $55M direct offering closed in June and the recent divestiture of the legacy rail subsidiary, providing capital for the company's GPU-as-a-Service expansion. The stock trades at 21x forward earnings versus 81x three months ago, reflecting improved profitability expectations.
At the time of this announcement, DUOT was trading at $11.06 on NASDAQ in the Technology sector, with a market capitalization of approximately $305.3M. The 52-week trading range was $5.78 to $15.28. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Reuters.