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JACKSONVILLE - Duos Technologies Group, Inc. (Nasdaq:DUOT), a $92.3 million market cap technology company whose stock has surged nearly 187% over the past year, announced Thursday the upcoming deployment of two new Edge Data Centers (EDCs) in Corpus Christi, Texas, scheduled for delivery at the end of July.
The EDCs will serve as communications hubs for carriers providing services to mobile operators, enterprises, education, healthcare, and digital economy sectors in the area, according to a company press release.
The Corpus Christi deployment is part of Duos Edge AI’s plan to deploy 15 EDCs nationwide in 2025. The company, a subsidiary of Duos Technologies Group, specializes in edge computing infrastructure designed to be located within 12 miles of end users.
"We’re delivering high-availability, localized computing power that enables fiber and network providers to scale efficiently and meet increasing demand at the edge," said Doug Recker, President and Founder of Duos Edge AI, in the statement.
The company claims its EDC solutions can provide over 100 kW per cabinet with 90-day deployment timeframes. Duos states the centers are designed to process data for applications requiring real-time response while supporting current and future technologies.
Duos Technologies Group operates through several subsidiaries focused on machine vision, artificial intelligence applications, edge data centers, and power consulting. Trading at $7.92, the stock currently sits near its 52-week high of $9.27, reflecting strong investor confidence in the company’s expansion strategy.
In other recent news, Duos Technologies Group reported impressive financial results for the first quarter of 2025. The company achieved a substantial 363% increase in revenue year-over-year, totaling $4.95 million, exceeding the forecasted $4.15 million. This growth was largely driven by recurring services and consulting, particularly from an Asset Management Agreement with New APR. Duos Technologies also announced a reduction in net loss from $2.75 million to $2.08 million, indicating improved financial health. The company’s gross margin saw a significant increase to $1.31 million, up 1,288% from the previous year.
Additionally, Duos Technologies, through its subsidiary Duos Edge AI, has partnered with Region 3 Education Service Center to establish an Edge Data Center in Victoria, Texas, to enhance digital access for educational facilities. This initiative aligns with Duos Edge AI’s roadmap to deploy 15 contracted edge data centers by the end of the year, with nine sites already identified. The collaboration is expected to contribute to sustainable long-term revenue for Duos Technologies.
Furthermore, the company has received positive outlooks from various analysts. Duos Technologies plans to deploy 50-200 edge data centers by 2027, reinforcing its strategic focus on expanding its infrastructure. The company expects consolidated revenue between $28 million and $30 million for 2025, with potential profitability in the latter half of the year. These developments reflect Duos Technologies’ strategic growth and commitment to expanding its market presence in the education and power sectors.
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