Duos Technologies Group Inc. reported a significant increase in its financial performance for the first quarter of 2025, with total revenues reaching approximately $4.95 million. This marks a 363% increase compared to the $1.07 million recorded in the first quarter of 2024. The substantial growth was primarily driven by $4.89 million in recurring services and consulting revenue, largely influenced by the execution of the Asset Management Agreement $(AMA.AU)$ with New APR Energy. Under the AMA, Duos Energy provides management, sales, and operational support services for a fleet of mobile gas turbines. However, technology systems revenue decreased to $65,000 due to deployment delays of high-speed Railcar Inspection Portals. The company disclosed a backlog of $17.8 million in revenue, with expectations of an additional $7.0 to $8.0 million in near-term awards and renewals set to be recognized later in 2025. Duos reiterated its fiscal year 2025 revenue forecast, anticipating total revenue to fall between $28 million and $30 million, representing an increase of 285% to 312% from 2024. CEO Chuck Ferry expressed confidence in Duos' performance, highlighting the company's adaptation to new opportunities in the Data Center and Power business, and anticipated continued growth in the second half of the year.