Duos Technologies Group, Inc. reported its financial results for the second quarter ended June 30, 2025, on August 14, 2025. Total revenues for Q2 2025 increased 280% to $5.74 million, up from $1.51 million in Q2 2024, contributing to $10.7 million in revenue for the first six months, the highest in company history for that period.
The significant revenue increase was primarily driven by Duos Energy executing its Asset Management Agreement (AMA) with New APR. Gross margin for Q2 2025 increased 808% to $1.52 million from negative $0.21 million in Q2 2024, including $904,125 from the 5% equity interest amortization.
Operating expenses increased 65% to $4.96 million, largely due to non-cash stock-based compensation and $1.0 million in one-time compensation related to the APR transaction. Despite this, the net operating loss decreased for the first six months to $5.23 million from $5.98 million. The company reaffirmed its 2025 revenue guidance of $28 million to $30 million and anticipates recording its first quarter of breakeven or better in the second half of 2025.
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