Duos Technologies Group, Inc. (NASDAQ: DUOT) is a Jacksonville, Florida-based company specializing in intelligent vision-based technology solutions. Through its subsidiaries—Duos Technologies, Inc., Duos Edge AI, Inc., and Duos Energy Corporation—the company designs, develops, deploys, and operates machine vision and artificial intelligence (AI) applications. These applications focus on real-time analysis of fast-moving vehicles, edge data centers, and power consulting services. Duos aims to streamline operations, enhance safety, and reduce costs across various industries, particularly in transportation and logistics.
Key Strategic Focus
Duos Technologies concentrates on automating mechanical and security inspections of fast-moving trains, trucks, and automobiles. Its flagship product, the Railcar Inspection Portal (RIP), enables freight and transit railroad customers, as well as select government agencies, to perform fully remote railcar inspections at full speed. Additionally, the company has developed the Automated Logistics Information System (ALIS), which automates gatehouse operations for large logistics and intermodal facilities. By integrating machine vision and AI technologies, Duos enhances operational efficiency and safety in transportation infrastructure.
Financials and Funding
In the first quarter of 2025, Duos reported total revenues of $4.95 million, marking a 363% increase compared to $1.07 million in Q1 2024. This growth was primarily driven by the Asset Management Agreement (AMA) with New APR Energy, under which Duos Energy oversees a fleet of mobile gas turbines and associated equipment. The company also reported a gross margin of $1.31 million, up from $0.09 million in Q1 2024, attributed to high-margin revenue from its equity interest in New APR's parent company.
Pipeline Development
Duos is expanding its edge computing capabilities through Duos Edge AI, focusing on the installation, ownership, and operation of edge data centers. The first standalone edge data center was launched in Victoria, Texas, with revenue generation beginning on April 1, 2025. Orders for four additional data centers have been placed, with a goal of deploying 15 edge data centers by the end of the year. This initiative aims to provide high-margin, recurring revenue streams and positions Duos at the intersection of AI, cloud computing, and energy sectors.
Technological Platform and Innovation
Duos leverages proprietary machine vision and AI technologies to deliver advanced inspection solutions. The Railcar Inspection Portal (RIP) utilizes optical, laser, and speed sensors to scan passing railcars, creating high-resolution images of the top, sides, and undercarriage. These images are processed using Duos' edge data centers and AI algorithms to identify safety and security defects. The company has also developed the Automated Logistics Information System (ALIS) to automate gatehouse operations. In 2019, Duos launched truevue360™, a subsidiary focused on developing AI and deep learning solutions to enhance its existing technologies and create new revenue streams.
Leadership Team
- Chuck Ferry, Chief Executive Officer
- James Craig Nixon, Chairman of the Board
- Fei Kwong, Director of Corporate Communications
Leadership Changes
In May 2025, James Craig Nixon was appointed as the new Chairman of the Board, succeeding the previous chairman.
Competitor Profile
Market Insights and Dynamics
The global transportation management systems (TMS) market is projected to reach approximately $19.83 billion by 2027, growing at a CAGR of 20.6% from 2020 to 2027. This growth reflects the increasing demand for technology solutions in transportation and logistics, emphasizing the importance of innovation and efficiency in the industry.
Competitor Analysis
Duos operates in a competitive environment with several key players:
- Airship AI Holdings, Inc.: Offers AI-driven video, sensor, and data management surveillance platforms, serving government, public sector, law enforcement, military, and commercial enterprises.
- Motorola Solutions: Provides communication equipment and software solutions, including video security and analytics.
- Cisco Systems: Offers networking hardware and software, including security solutions and IoT technologies.
- Hewlett Packard Enterprise: Provides IT products and services, including AI and machine learning solutions.
These competitors focus on various aspects of AI and machine vision technologies, contributing to a dynamic and rapidly evolving market landscape.
Strategic Collaborations and Partnerships
In January 2024, Duos secured a $2.4 million AI subscription and services agreement with a leading Class 1 railroad. This three-year partnership involves implementing advanced AI-based defect detection models and maintaining Railcar Inspection Portals, aiming to enhance railway safety and streamline operations.
Operational Insights
Duos differentiates itself through proprietary AI-driven inspection technologies, focusing on real-time analysis and automation. The company's emphasis on edge computing and data center development further strengthens its market position, offering comprehensive solutions that address the evolving needs of the transportation and logistics industries.
Strategic Opportunities and Future Directions
Duos is strategically expanding into edge computing through Duos Edge AI, aiming to deploy 15 edge data centers by the end of 2025. This initiative is expected to provide high-margin, recurring revenue streams and position the company at the forefront of AI infrastructure development. Additionally, Duos continues to enhance its AI and machine vision technologies, focusing on innovation and strategic partnerships to drive growth and maintain a competitive edge in the market.
Contact Information
- Website: www.duostech.com
- LinkedIn: www.linkedin.com/company/duos-technologies
- Twitter: twitter.com/duostech
