Duos Technologies Group (Nasdaq: DUOT) reported second-quarter revenue of $6.18 million. This represents a 30% increase over the same period in 2025. The technology solutions division drove growth as the company transitions to an AI and edge data center provider.
The company achieved its first profitable quarter in its new strategic role. Operating income reached $50,000 for the period. Duos secured more than $100 million in growth capital to support this expansion.
A registered direct offering raised $55 million. The sale of assets by New APR Energy provided an additional $50.4 million. These transactions increased the company's cash position to $112.3 million.
Operational highlights include a five-year hosting agreement with Axe Compute. This deal is valued at over $500 million. The agreement covers 55 MW of capacity. Duos also signed a $111 million contract with a hyperscaler.
Duos completed the sale of its rail subsidiary during the quarter. Management reaffirmed full-year 2026 guidance. The company projects annual revenue will exceed $50 million. Duos expects to deploy 25 MW of capacity by year-end. Markets reacted positively to the results and strategic shift.