Duos Technologies Group, Inc. (DUOT) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Welcome, everyone, and thanks for joining us. Earlier today, we issued our earnings press release and our 2025 second quarter 10Q. Copies are available in the investor relations section of our website. I encourage all listeners to view the press releases and our 10Q filing to better understand some of the details we'll be discussing during today's call. Our strategy to pivot to the edge data center business is gaining momentum. We remain on plan to install 15 edge data centers in Texas this year, and our pipeline of opportunities for 2026 is growing. Now that we have properly capitalized this business through our recent raise, we have all the ingredients in place to grow this exciting new opportunity that is part of the overall data center growth story. Through our asset management agreement with APR Energy, we have installed and commercially delivered a 150 megawatt gas turbine power plant in Mexico in 35 days. Simultaneously, we have delivered additional gas turbines into a large AI data center facility here in the United States. The steady recurring revenues from the asset management agreement have stabilized our financials in a very positive way. The rail car inspection portal business has largely been flat, but the rail industry has generally acknowledged it will be used very broadly in the coming years. As you will hear from Adrian, our financial situation has much improved from this time last year, and we remain confident on the guidance we've issued for this year. Over to you Adrian for the numbers. Thank you, Chuck. As usual, before covering the specific results for the second quarter, I will discuss the state of the company and the transformation that we've undergone in the past 15 months since I returned as Chief Financial Officer. At that time, Chuck expr...