--- title: "Duos Tech | 8-K: FY2026 Q1 Revenue Misses Estimate at USD 2.722 M" type: "News" locale: "en" url: "https://longbridge.com/en/news/286963601.md" datetime: "2026-05-19T20:34:19.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/286963601.md) - [en](https://longbridge.com/en/news/286963601.md) - [zh-HK](https://longbridge.com/zh-HK/news/286963601.md) --- # Duos Tech | 8-K: FY2026 Q1 Revenue Misses Estimate at USD 2.722 M Revenue: As of FY2026 Q1, the actual value is USD 2.722 M, missing the estimate of USD 9.6 M. EPS: As of FY2026 Q1, the actual value is USD -0.15, missing the estimate of USD -0.03. EBIT: As of FY2026 Q1, the actual value is USD -3.719 M. #### Total Revenues Duos Technologies Group, Inc. reported total revenues of $2,722,027 for Q1 2026, a 45% decrease compared to $4,952,185 in Q1 2025. #### Segment Revenue (Q1 2026) - Technology systems: $44,259 - Technology solutions: $562,454 - Services and consulting: $532,467 - Services and consulting - related parties: $1,552,572 - Hosting Revenue: $30,275 #### Segment Revenue (Q1 2025) - Technology systems: $64,684 - Technology solutions: $0 - Services and consulting: $972,751 - Services and consulting - related parties: $3,914,750 - Hosting Revenue: $0 #### Cost of Revenues Cost of revenues for Q1 2026 decreased by 69% to $1,111,659, compared to $3,638,526 for Q1 2025. #### Gross Margin Gross margin for Q1 2026 increased by 23% to $1,610,368, compared to $1,313,659 for Q1 2025. #### Operating Expenses Operating expenses for Q1 2026 increased by 69% to $5,241,914, compared to $3,103,287 for Q1 2025. Sales and marketing: $488,847 in Q1 2026 vs. $294,975 in Q1 2025. Research and development: $0 in Q1 2026 vs. $424,431 in Q1 2025. General and administrative: $4,753,067 in Q1 2026 vs. $2,383,881 in Q1 2025. #### Net Operating Loss Net operating loss for Q1 2026 totaled -$3,631,546, compared to a net operating loss of -$1,789,628 for Q1 2025. #### Net Loss Net loss for Q1 2026 totaled -$3,492,245, compared to -$2,079,663 for Q1 2025. #### Net Loss Per Common Share Net loss per common share was -$0.15 for the three months ended March 31, 2026, and -$0.18 for the three months ended March 31, 2025. #### Adjusted EBITDA Adjusted EBITDA for Q1 2026 was -$1,500,000. #### Cash and Cash Equivalents Cash and cash equivalents at March 31, 2026, totaled $33,030,791, compared to $15,472,229 at December 31, 2025. #### Cash Flow from Operating Activities Net cash used in operating activities was -$1,361,911 for Q1 2026, compared to -$4,673,425 for Q1 2025. #### Cash Flow from Investing Activities Net cash used in investing activities was -$41,189,127 for Q1 2026, compared to -$581,623 for Q1 2025. #### Cash Flow from Financing Activities Net cash provided by financing activities was $60,109,600 for Q1 2026, compared to $2,788,033 for Q1 2025. #### Operational Highlights Duos Technologies Group, Inc. completed a $65 million capital raise in March 2026. The company secured a $176 million GPU-as-a-Service (GPUaaS) contract with Hydra Host in March 2026, with approximately $26 million in revenues expected in the second half of 2026 and $135 million over the remaining contract period, projecting gross margins exceeding 80% and annual EBITDA of approximately $40 million from this partnership. The company has 10 MW contracted and plans to deploy 15 MW in 2026. The planned divestiture of the legacy rail inspection business is expected to be finalized in the second half of 2026. #### Outlook / Guidance Duos Technologies Group, Inc. reconfirmed its expectation for total revenue to exceed $50 million in 2026, supported by approximately $43.5 million in current bookings and an additional $1.1 million in deferred revenue from 2025. A significant portion of this revenue is anticipated in the second half of the year, aligning with project timing and infrastructure deployments. The company expects profitability to improve as revenue ramps, anticipating positive adjusted EBITDA in the second half of 2026. ### Related Stocks - [DUOT.US](https://longbridge.com/en/quote/DUOT.US.md) ## Related News & Research - [Duos Technologies Q1 revenue falls on legacy business ramp-down](https://longbridge.com/en/news/286764110.md) - [Duos Edge AI to Host Lubbock Edge Data Center Open House | DUOT Stock News](https://longbridge.com/en/news/286914726.md) - [The Home Depot Announces First Quarter Fiscal 2026 Results; Reaffirms Fiscal 2026 Guidance | HD Stock News](https://longbridge.com/en/news/286890512.md) - [ONWARD Medical to Announce First Quarter 2026 Results on May 26, 2026 | ONWRY Stock News](https://longbridge.com/en/news/286858298.md) - [Correction: NextNRG to Host First Quarter 2026 Financial Results Conference Call on May 18, 2026 at 9:00 a.m. ET | NXXT Stock News](https://longbridge.com/en/news/286673001.md)