Duos Technologies Group, Inc. (Nasdaq: DUOT) is a technology company headquartered in Jacksonville, Florida, specializing in intelligent vision-based solutions. The company focuses on Machine Vision and Artificial Intelligence (AI) technologies to analyze fast-moving objects, such as trains and trucks, to improve safety and operational efficiency. Duos Technologies offers a range of products and services, including automated inspection systems and AI-driven solutions for industrial applications.
- Turnkey Projects - Provides comprehensive solutions that integrate hardware, software, and AI technologies for automated inspection and analysis of railcars and other vehicles.
- Maintenance and Support - Offers ongoing support and maintenance services to ensure the optimal performance of its technology solutions.
- Algorithms - Develops AI-driven algorithms for real-time analysis and defect detection in various industrial applications.
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| Name | Position | External Roles | Short Bio | |
|---|---|---|---|---|
Charles P. Ferry ExecutiveBoard | Chief Executive Officer | Charles P. Ferry has served as the Chief Executive Officer at Duos Technologies, Inc. since September 1, 2020, and was elected as a Director on the Board of Directors on November 19, 2020, bringing extensive military and corporate leadership experience to the company. | View Report → | |
Adrian Goldfarb Executive | Chief Financial Officer | Non-Executive Chairman of GelStat Corporation | Adrian Goldfarb is the CFO of DUOT since April 29, 2024. He previously served as CFO from April 2015 to November 15, 2022 and as Strategic Advisor and Director at DUOT. | |
Christopher King Executive | Chief Operating Officer (COO) | COO of New APR Energy, LLC | Christopher King is the COO at DUOT since January 1, 2025 , after previously serving as Chief Commercial Officer starting August 30, 2023. | |
Jeff Necciai Executive | Chief Technology Officer | Jeff Necciai is the Chief Technology Officer at DUOT since January 2021, bringing over 30 years of technology leadership experience. He previously served as CTO of NASCENT Technology, where he led high-performing teams and developed innovative solutions. | ||
John White Executive | Vice President of Operations | John White is a Decorated Infantry Combat Veteran with over 40 years of military and private sector experience, serving as a subject matter expert in infrastructure projects. He currently serves as the Vice President of Operations at Duos Technologies, focusing on power plant, solar farm installations, and Railcar Inspection Portals. | ||
Matt Keepman Executive | Senior Vice President of Sales and Marketing | Matt Keepman is the Senior Vice President of Sales and Marketing at Duos Technologies, joining in Q3 2022. He brings over two decades of experience managing strategic rail industry accounts and previously served as a Key Account Executive at Wabtec Corporation. | ||
Frank A. Lonegro Board | Director | President, Chief Executive Officer, and Director at Landstar System, Inc. | Frank A. Lonegro has served as a Director at DUOT since July 19, 2023 and became a member of the Audit Committee on April 1, 2024. He brings extensive leadership experience from previous roles at CSX Corporation and Beacon Roofing Supply, and he currently serves as President, Chief Executive Officer, and Director at Landstar System, Inc.. | |
James Craig Nixon Board | Chairman of the Compensation Committee | Founder and Chief Executive Officer of Nixon Six Solutions | James Craig Nixon joined DUOT on July 15, 2021 as a board member and currently serves as the Chairman of the Compensation Committee, bringing extensive leadership experience from his military background and previous executive roles. | |
Kenneth Ehrman Board | Chairman of the Board | Founder of Halo Collar; Independent Consultant to high-technology companies | Kenneth Ehrman has served as the Chairman of the Board at DUOT since November 2020 and as a board member since January 31, 2019. He previously founded and led I.D. Systems, Inc. as CEO and is the Founder of Halo Collar, underscoring his expertise in innovative wireless and IoT technologies. | |
Ned Mavrommatis Board | Director | Chief Financial Officer at Halo Collar | Ned Mavrommatis serves as a Director at DUOT since December 29, 2023 and participates in key board committees including the Audit, Compensation, and Corporate Governance and Nominating Committees. Previously, he has held executive roles as Chief Financial Officer at Halo Collar, PowerFleet, Inc., and I.D. Systems, Inc., and is recognized as an audit committee financial expert. |
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Based on your recent operational update, what specific supply chain and construction challenges do you anticipate that could hinder your goal of adding 2 to 3 edge data centers per quarter to reach the target of 15 by year-end?
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Given your active discussions with 5 or 6 of the largest hyperscalers, can you elaborate on the expected timeline for finalizing these deals and how they will impact your near-term revenue projections?
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With the diversification into edge data centers and power emerging as a key strategy to offset the slow adoption in your rail inspection business, what metrics will you use to measure its effectiveness in driving overall profitability?
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Considering the possibility of tariff impacts on raw materials, what concrete risk mitigation strategies are in place to ensure that rising costs do not derail the planned margins for your edge data centers and rail technology products?
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As you transition towards breaking even and achieving positive adjusted EBITDA later in the year, how do you plan to balance expenditures from new debt funding—especially for edge data center deployments—with the need to maintain healthy leverage ratios?
Research analysts who have asked questions during DUOS TECHNOLOGIES GROUP earnings calls.
Dan Weston
WestCap Management
2 questions for DUOT
Edward Woo
Ascendiant Capital Markets
2 questions for DUOT
Vijay Devar
Northland Capital Markets
2 questions for DUOT
Nico Sacchetti
RBC Wealth Management
1 question for DUOT
Nico Sicetti
RBC Wealth Management
1 question for DUOT
Nikolai Sokov
La Chupacabra
1 question for DUOT
Richard Jackson
True North Financial
1 question for DUOT
Rick Jackson
True North Financial Solutions
1 question for DUOT
Ted Woo
Ascendiant Capital Markets
1 question for DUOT
Competitors mentioned in the company's latest 10K filing.
| Company | Description |
|---|---|
Participates in the visual and optical (laser) based railcar inspection systems market. | |
Ensco (KLD Labs) | Operates in the visual and optical (laser) based railcar inspection systems market. |
WID | Engaged in the visual and optical (laser) based railcar inspection systems market. |
IEM | Competes in the visual and optical (laser) based railcar inspection systems market. |
Camlin Rail | Active in the visual and optical (laser) based railcar inspection systems market. |
Cogniac | Reportedly collaborating with Class 1 railroads to develop AI algorithms for railcar inspection, which could be construed as competitive with Duos-developed algorithms. |
Leverages extensive telecommunications infrastructure to establish edge data centers quickly and efficiently. | |
EdgeConneX | Specializes in providing customizable and scalable edge data centers, focusing on reducing latency and improving data processing speed. |
Offers edge computing solutions that enhance connectivity and performance, particularly for web applications and content delivery. | |
Switch | Known for its innovative transportable edge data pods, which provide flexibility and rapid deployment. |
AWS (Amazon Web Services) | Provides a comprehensive suite of cloud services, including edge services that allow users to deploy APIs and tools closer to their endpoints. |
Recent press releases and 8-K filings for DUOT.
- Fangdd Network Group Ltd. (DUO) announced an agreement to acquire certain artificial intelligence technology assets for US$34,320,000.
- This acquisition is part of the company's ongoing strategy to expand into technology-enabled real estate management.
- The seller is entitled to earnout payments for 2025, 2026, and 2027, calculated as a percentage of the increase in total revenue compared to the prior year, with ratios of 20%, 25%, and 30% respectively.
- The transaction is expected to close by December 29, 2025, contingent on Fangdd raising funds within three months.
- Duos Technologies Group, Inc. announced the full exercise of the over-allotment option by its underwriter, Titan Partners Group LLC, which closed on September 2, 2025.
- The exercise involved the purchase of an additional 838,851 shares of common stock at the public offering price of $6.00, generating approximately $4.7 million in net proceeds for the company.
- This over-allotment exercise is related to the public offering that closed on August 1, 2025, which initially raised approximately $36.9 million from the sale of 6,666,667 shares.
- Duos Technologies Group reported a 280% increase in total revenues to $5.74 million for Q2 2025, primarily driven by its energy services and edge computing businesses, specifically the Asset Management Agreement with New APR Energy.
- The company reiterated its full-year 2025 revenue guidance of $28 million to $30 million, representing a 285% to 312% increase from 2024, and expects to achieve breakeven to profitability by Q4 2025 on an adjusted EBITDA basis.
- As of June 30, 2025, Duos had $40.7 million in revenue backlog, with approximately $18 million expected to be recognized in 2025.
- The company's strategy to pivot to the Edge Data Center (EDC) business is gaining momentum, with plans to install 15 EDCs in Texas this year and a goal of 65 installed by the end of 2026. The company does not anticipate needing to raise more equity capital to execute this plan through 2026.
- Duos Technologies Group reported a 280% increase in Q2 2025 total revenues to $5.74 million, primarily driven by the Asset Management Agreement (AMA) with New APR. This significant growth also led to an 808% increase in gross margin to $1.52 million for the quarter.
- While the net loss for Q2 2025 increased to $3.52 million , mainly due to non-cash stock-based compensation and one-time expenses , the net loss for the first six months of 2025 decreased by 6% to $5.60 million compared to the same period last year. The Company strengthened its financial position by completing a $40 million public offering and raising an additional $12.5 million via an At-the-Market (ATM) offering.
- The Company reiterated its 2025 total revenue guidance of $28 million to $30 million, representing a 285% to 312% increase from 2024. As of June 30, 2025, Duos had $40.7 million in revenue backlog, with approximately $18 million expected to be recognized in the remainder of 2025.
- Duos is actively expanding its Edge Data Center (EDC) solutions, having showcased its first production standalone EDC and planning to deploy 15 EDCs by year-end 2025 and a further 50 EDCs in 2026.
- Duos Technologies Group, Inc. (DUOT) priced an upsized and oversubscribed public offering of 6,666,667 shares of common stock at $6.00 per share on July 30, 2025. The offering closed on August 1, 2025.
- The offering generated approximately $36.9 million in gross proceeds , contributing to an expected over $40 million in cash on hand for the company.
- These funds will be used to expand the Edge Data Center business, fulfill a $50 million revenue pipeline, and advance the deployment of 65 additional Edge Data Centers.
- The offering included primary participation from fundamental institutional investors.
- Duos Technologies Group, Inc. has successfully raised approximately $40 million through an upsized and oversubscribed public offering of 6,666,667 shares priced at $6.00 each.
- The capital will primarily be used to expand and accelerate the company's Edge Data Center (EDC) business, enabling the deployment of 65 additional Edge Data Centers as part of its Stage 2 strategy.
- The offering demonstrated strong interest from institutional investors, including a leading long-only mutual fund and several global investment managers.
- Despite significant revenue growth of 50.7% over the past year, Duos Technologies is currently unprofitable, with negative earnings per share of -1.2, an operating margin of -89.7%, and a net margin of -90.41%.
- The company's financial health shows risks, with an Altman Z-Score of -2.02, placing it in the distress zone, and insider selling has been observed in recent months.
- The company executed its Second Amendment to the At-The-Market Issuance Sales Agreement with Ascendiant Capital Markets, LLC on May 27, 2025, increasing the amount of placement shares available under the agreement to $10,500,000.
- The amendment, supported by legal opinion and related filings, confirms that the updated sales program will proceed under the existing SEC shelf registration statement.
- Revenue surged 363% to approximately $5 million in Q1 2025, driven largely by recurring services and consulting revenue from the AMA with New APR Energy.
- Gross margin improved significantly by 1,288%, reaching $1.31 million compared to $90,000 in Q1 2024, reflecting strong performance from the energy segment.
- The company reported major progress with its Edge Data Center initiatives, with orders placed for additional centers and a target of deploying 15 units by year-end, alongside a robust contract backlog of over $45 million.
- Duos Technologies is undergoing a strategic transformation by segmenting its operations into rail, data center, and energy businesses to better capture market opportunities.
- Revenues grew sharply by 363% to $4.95 million with recurring AMA revenue driving a substantial gross margin improvement, up 1,288% to $1.31 million compared to Q1 2024.
- Duos Energy’s Asset Management Agreement is a key driver, with 570 MW contracted and an anticipated increase to 730 MW in the coming weeks to support Fast Power projects in the U.S. and Mexico.
- Edge Data Center expansion is on track with customer commitments for 15 sites by year-end, including additional orders and active discussions with hyperscalers.
- Financial discipline improved, evidenced by a reduction in net operating loss from $2.76 million to $1.79 million and a 24% decrease in net loss to $2.08 million, alongside a strong balance sheet with over $6.48 million in cash and $5.1 million in shareholders’ equity.
- On April 14, 2025, the company amended its at-the-market sales agreement to increase placement shares by $8,850,000, raising the total potential offering to $16,350,000 (adding to a previous amount of $7,500,000).
- The amendment supports the sale of common stock under an effective shelf registration statement filed in June 2023 and supplemented with a prospectus filing on the same day as the amendment.
- A legal opinion by Shutts & Bowen LLP confirms that the shares are duly authorized, validly issued, fully paid, and non-assessable.