Duos Technologies Q1 FY26 net loss widens to $3.49 million; revenue drops 45% to $2.72 million

Duos Technologies Group Inc

Duos Technologies Group Inc

DUOT

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  • Duos Technologies Group posted a net loss of USD 3.49 million, widening from USD 2.08 million a year earlier, as revenue fell 45% to USD 2.72 million.
  • Operating loss widened to USD 3.63 million from USD 1.79 million, while gross margin rose 32 percentage points to 59%.
  • Operating expenses climbed 69% to USD 5.24 million, driven by higher sales and marketing costs and a 99% increase in general and administrative expense tied in part to higher stock-based compensation and bonus expense.
  • Services and consulting revenue from related parties dropped 60% to USD 1.55 million as New APR reduced the scope of work under the Asset Management Agreement, while Technology Solutions generated USD 562,454 in revenue and Hosting contributed USD 30,275.
  • Cash and liquidity strengthened as net cash provided by financing activities rose to USD 60.11 million on a public stock offering, and management expects hosting and technology solutions revenue to increase through 2026 as more edge data centers come online.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Duos Technologies Group Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001553350-26-000088), on May 15, 2026, and is solely responsible for the information contained therein.