Company reaffirms 2026 revenue guidance to exceed $50 mln
Company expects a significant portion of 2026 revenue to be recognized in H2
Company anticipates achieving positive adjusted EBITDA for full-year 2026
Overview
US modular data center provider's Q2 2026 revenue rose nearly 30% yr/yr
Adjusted EBITDA was positive for Q2, driven by Technology Solutions growth and lower costs
Company completed rail subsidiary divestiture and closed $55 mln direct offering to support growth
Result drivers
Technology solutions growth - Co said Q2 revenue increase was mainly driven by higher Technology Solutions revenue tied to AI and data center deployments
Cost reduction - Lower costs from winding down AMA-related activities improved gross margin
Gain on investment sale - Net income was boosted by gain from sale of minority stake in New APR Energy
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the it services & consulting peer group is "buy"
Wall Street's median 12-month price target for Duos Technologies Group Inc is $24.00, about 163.4% above its August 14 closing price of $9.11
The stock recently traded at 21 times the next 12-month earnings vs. a P/E of 81 three months ago
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