Safe Pro Expects 200+% Year-Over-Year Increase in Fourth Quarter Revenue Driven by Record Sales
Safe Pro Group (Nasdaq: SPAI) announced expectations of a 200+% year-over-year revenue increase for the fourth quarter, with record monthly revenue exceeding $650,000 in October. The significant growth is primarily attributed to increased activity in their drone services business, responding to major hurricanes and storms in the southeastern United States. The company, which specializes in AI solutions for drone imagery processing, reports growing domestic and international interest in their AI-driven technology, with positive developments across their portfolio including their ballistic business.
Safe Pro Group (Nasdaq: SPAI) ha annunciato aspettative di un aumento del fatturato anno su anno superiore al 200% per il quarto trimestre, con entrate mensili record che superano $650.000 a ottobre. Questa significativa crescita è attribuita principalmente all'aumento dell'attività nel loro servizio di droni, in risposta a importanti uragani e tempeste nel sud-est degli Stati Uniti. L'azienda, specializzata in soluzioni di intelligenza artificiale per l'elaborazione delle immagini dei droni, riporta un crescente interesse sia domestico che internazionale per la loro tecnologia basata su AI, con sviluppi positivi nel loro portafoglio, compresa la loro attività balistica.
Safe Pro Group (Nasdaq: SPAI) anunció expectativas de un aumento de ingresos superior al 200% en comparación con el año anterior para el cuarto trimestre, con ingresos mensuales récord que superan $650,000 en octubre. Este crecimiento significativo se atribuye principalmente a la mayor actividad en su negocio de servicios de drones, en respuesta a importantes huracanes y tormentas en el sureste de Estados Unidos. La empresa, que se especializa en soluciones de IA para el procesamiento de imágenes de drones, informa un creciente interés tanto a nivel nacional como internacional en su tecnología impulsada por IA, con desarrollos positivos en su cartera, incluida su actividad balística.
세이프 프로 그룹(나스닥: SPAI)은 4분기 연간 매출이 200% 이상 증가할 것이라는 기대를 발표했으며, 10월에는 월간 매출이 $650,000를 초과하여 기록을 세웠습니다. 이러한 성장은 주로 남동부 미국에서 발생한 주요 허리케인과 폭풍우에 대응하기 위한 드론 서비스 사업의 활동 증가에 기인합니다. AI 솔루션을 전문으로 하는 이 회사는 드론 이미지 처리용 AI 솔루션에 대한 국내외 관심이 커지고 있으며, 포트폴리오 전반에 걸쳐 긍정적인 발전이 보고되었으며, 발사체 사업도 포함됩니다.
Safe Pro Group (Nasdaq: SPAI) a annoncé des prévisions d'augmentation de revenus de plus de 200% par rapport à l'année précédente pour le quatrième trimestre, avec des revenus mensuels record dépassant $650,000 en octobre. Cette croissance significative est principalement attribuée à une augmentation de l'activité dans leur service de drones, en réponse à des ouragans et des tempêtes majeures dans le sud-est des États-Unis. L'entreprise, qui se spécialise dans les solutions d'IA pour le traitement d'images par drones, rapporte un intérêt croissant, tant national qu'international, pour sa technologie d'IA, avec des développements positifs dans son portefeuille qui incluent ses activités balistiques.
Safe Pro Group (Nasdaq: SPAI) gab bekannt, dass man für das vierte Quartal mit einem Umsatzanstieg von über 200% im Vergleich zum Vorjahr rechnet, wobei die monatlichen Einnahmen im Oktober mit $650,000 einen Rekordwert überschreiten. Dieses signifikante Wachstum wird hauptsächlich auf die steigende Aktivität im Bereich ihrer Drohnendienstleistungen zurückgeführt, die auf große Hurrikane und Stürme im Südosten der Vereinigten Staaten reagiert. Das Unternehmen, das sich auf KI-Lösungen für die Verarbeitung von Drohnenbildern spezialisiert hat, berichtet von wachsendem nationalem und internationalem Interesse an seiner KI-gesteuerten Technologie, mit positiven Entwicklungen in seinem Portfolio, einschließlich seines ballistischen Geschäfts.
- Expected 200+% year-over-year revenue increase in Q4
- Record monthly revenue exceeding $650,000 in October
- Increased activity in drone services business
- Growing domestic and international interest in AI technology
- None.
Insights
The projected
However, investors should note that weather-dependent revenue spikes may not be sustainable long-term. The company's expansion into AI-driven technology and ballistic businesses suggests efforts to diversify revenue streams. The
“As we approach the close of 2024, a year marked by significant progress for Safe Pro Group, we are witnessing positive developments across our entire portfolio, with increasing domestic and international interest in our AI-driven technology,” said Dan Erdberg, Chairman and CEO of Safe Pro Group Inc. “We are particularly excited about the emerging trends in our drone services and ballistic businesses in
For more information about Safe Pro Group, its subsidiaries, and technologies, please visit https://safeprogroup.com and connect with us on LinkedIn, Facebook and X.
About Safe Pro Group Inc.
Safe Pro Group is a leading provider of artificial intelligence (AI) solutions specializing in drone imagery processing leveraging commercially available “off-the-shelf” drones with its proprietary machine learning and computer vision technology to enable rapid identification of explosives threats, providing a much safer and more efficient alternative to traditional human-based analysis methods. Built on a cloud-based ecosystem and powered by Amazon Web Services (AWS), Safe Pro Group’s scalable platform is targeting multiple markets that include commercial, government, law enforcement and humanitarian sectors where its Safe Pro AI software, Safe-Pro
Forward-Looking Statements
Some of the statements in this press release are forward-looking statements, which involve risks and uncertainties. Forward-looking statements in this press release include, without limitation, the Company’s revenue projections for its current quarterly period. Forward-looking statements relate to future events, future expectations, plans and prospects. Although Safe Pro Group believes the expectations reflected in such forward-looking statements are reasonable as of the date made, expectations may prove to have been materially different from the results expressed or implied by such forward-looking statements. Safe Pro Group has attempted to identify forward-looking statements by terminology including ''believes,'' ''estimates,'' ''anticipates,'' ''expects,'' ''plans,'' ''projects,'' ''intends,'' ''potential,'' ''may,'' ''could,'' ''might,'' ''will,'' ''should,'' ''approximately'' or other words that convey uncertainty of future events or outcomes to identify these forward-looking statements. These statements are only predictions and involve known and unknown risks, uncertainties and other factors, including market and other conditions. More detailed information about the Company and the risk factors that may affect the realization of forward-looking statements is set forth in the Company’s filings with the Securities and Exchange Commission (the “SEC”), copies of which may be obtained from the SEC’s website at www.sec.gov. Any forward-looking statements contained in this press release speak only as of its date. Safe Pro Group undertakes no obligation to update any forward-looking statements contained in this press release to reflect events or circumstances occurring after its date or to reflect the occurrence of unanticipated events, except as required by law.
View source version on businesswire.com: https://www.businesswire.com/news/home/20241119623147/en/
Media Relations for Safe Pro Group Inc.:
media@safeprogroup.com
Investor Relations for Safe Pro Group Inc.:
investors@safeprogroup.com
Source: Safe Pro Group Inc.
FAQ
What is Safe Pro Group's (SPAI) expected revenue growth for Q4 2024?
How much revenue did Safe Pro Group (SPAI) generate in October 2024?
What drove Safe Pro Group's (SPAI) revenue growth in Q4 2024?
