Duos Technologies Group, Inc. (DUOT) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good afternoon. Welcome to Doos Technologies' third quarter 2025 earnings conference call. Joining us for today's event are Doos CEO, Chuck Ferry, myself, CFO, Adrian Goldfarb, President, Doug Recker, and Senior VP of Accounting, Leah Brown. Before getting started with today's program, please direct your attention to some opening remarks from Mr. Ferry. Thanks, Adrian. Welcome everyone and thank you for joining us. Earlier today, we issued our third quarter earnings press release. Copies are available in the investor relations section of our website. I encourage all attendees to view the press release to better understand some of the details we'll be discussing today. As part of our growth this year, we have changed the format of our quarterly earnings call from a standard conference call to a video-based presentation. We hope this new format will enable us to communicate better to our audience and give you better insight as to how our management team operates. I am very pleased with the results we will share with you today. Our team has been working super hard to pivot the business into the data center and power space, and now it's really beginning to pay off. I would like to make a few comments about what we're seeing in what I will refer to as an arms race for AI computing power. Everyone knows that the hyperscalers and large data center developers are moving as fast as they can to build data center parks, that are slated to consume at least 250 megawatts and growing to 2 gigawatts in some cases. This is an effort to monetize the incredible demand for AI computing. The number one thing that is limiting this growth is the lack of power. That's obviously good news for DUO since we have a 5% stake in APR Energy. The strategic problem set, however, is the shortfall of...