Filing Flows › Duos Technologies Group (DUOT) › Q1 2025
Duos Technologies Group (DUOT) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 15, 2025
Duos Technologies Group (DUOT) reported revenue of $5.0M for the first quarter 2025 (Q1 2025), +363% from a year earlier and +239% from the quarter before. Operating margin was -36.1%, net loss $2.1M (42.0% of revenue).
Duos Technologies Group, Q1 2025: revenue $5.0M (+362% year over year), operating margin -36.1%, net loss $2.1M, operating cash flow −$4.7M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $5.0M | +239% | +363% |
| Operating profit | −$1.8M | — | — |
| Net earnings | −$2.1M | — | — |
| Operating cash flow | −$4.7M | -272% | — |
What changed
Revenue was $5.0M in Q1 2025, up 363% year over year and up 239% from the previous quarter. Services and Consulting Related Parties was the largest line at 79% of revenue. Service, Other added $172K year over year (up 21%), 4% of the total change. Technology Service declined 76%.
Gross margin was 26.5%, up 17.7 points from a year earlier. Operating costs exceeded revenue by $1.8M, an operating margin of -36.1%. Operating expenses grew 9% against revenue growth of 363%. The fastest-growing cost line was General & admin (+24%). The quarter ended with a net loss of $2.1M, narrower than the previous quarter's $3.4M loss.
Operating cash flow was −$4.7M. Non-cash charges added back $712K of depreciation and amortization and $1.0M of share-based compensation. Working capital and other items used $4.3M. Capital expenditures of $572K exceeded it, leaving free cash flow of −$5.2M.
Questions
What was Duos Technologies Group's revenue in the first quarter 2025?
Duos Technologies Group (DUOT) reported revenue of $5.0M for the first quarter 2025 (Q1 2025), +363% from a year earlier and +239% from the quarter before.
Was Duos Technologies Group profitable in the first quarter 2025?
Operating loss was $1.8M (-36.1% of revenue) and net loss $2.1M.