Safe Pro Group Reports Surging 136% Revenue Growth for FY 2024 Surpassing Expectations
Safe Pro Group (NASDAQ: SPAI) reported strong financial results for FY2024, with total revenue surging 136% to $2,169,178, compared to $917,720 in the previous year. The company's gross margin improved to 41.8% from 33.9% in FY2023.
Key highlights include the completion of an IPO raising $5.1 million, launch of SpotlightAI™ 3.0 with AWS integration, and introduction of SpotlightAI™ ONSITE for real-time threat detection. The company's subsidiary Airborne Response saw a 333.8% increase in sales, while Safe-Pro USA achieved a 40.3% growth.
Safe Pro AI's technology has processed over 1,000,000 drone images and mapped more than 22,000 explosive threats in Ukraine, establishing partnerships with Ukraine's Ministry of Defense, UNDP, and other key organizations. The company also formed a Strategic Advisory Board chaired by Young J. Bang, former Principal Deputy Assistant Secretary of the Army.
Safe Pro Group (NASDAQ: SPAI) ha riportato risultati finanziari solidi per l'anno fiscale 2024, con un aumento delle entrate totali del 136% a $2,169,178, rispetto ai $917,720 dell'anno precedente. Il margine lordo dell'azienda è migliorato al 41.8% rispetto al 33.9% dell'anno fiscale 2023.
I punti salienti includono il completamento di un'IPO che ha raccolto $5.1 milioni, il lancio di SpotlightAI™ 3.0 con integrazione AWS e l'introduzione di SpotlightAI™ ONSITE per la rilevazione in tempo reale delle minacce. La controllata dell'azienda, Airborne Response, ha registrato un aumento delle vendite del 333.8%, mentre Safe-Pro USA ha ottenuto una crescita del 40.3%.
La tecnologia di Safe Pro AI ha elaborato oltre 1.000.000 di immagini di droni e mappato più di 22.000 minacce esplosive in Ucraina, stabilendo partnership con il Ministero della Difesa ucraino, UNDP e altre organizzazioni chiave. L'azienda ha anche costituito un Consiglio Consultivo Strategico presieduto da Young J. Bang, ex Vice Segretario Principale Assistente dell'Esercito.
Safe Pro Group (NASDAQ: SPAI) informó resultados financieros sólidos para el año fiscal 2024, con un aumento de los ingresos totales del 136% a $2,169,178, en comparación con $917,720 del año anterior. El margen bruto de la empresa mejoró al 41.8% desde el 33.9% en el año fiscal 2023.
Los aspectos destacados incluyen la finalización de una OPI que recaudó $5.1 millones, el lanzamiento de SpotlightAI™ 3.0 con integración de AWS y la introducción de SpotlightAI™ ONSITE para la detección de amenazas en tiempo real. La subsidiaria de la empresa, Airborne Response, vio un aumento en las ventas del 333.8%, mientras que Safe-Pro USA logró un crecimiento del 40.3%.
La tecnología de Safe Pro AI ha procesado más de 1,000,000 de imágenes de drones y mapeado más de 22,000 amenazas explosivas en Ucrania, estableciendo asociaciones con el Ministerio de Defensa de Ucrania, el PNUD y otras organizaciones clave. La empresa también formó un Consejo Asesor Estratégico presidido por Young J. Bang, ex Subsecretario Principal Asistente del Ejército.
세이프 프로 그룹 (NASDAQ: SPAI)는 2024 회계연도에 강력한 재무 실적을 보고했으며, 총 수익이 136% 증가하여 $2,169,178에 달했으며, 이는 전년도 $917,720에 비해 큰 증가입니다. 회사의 총 마진은 2023 회계연도의 33.9%에서 41.8%로 개선되었습니다.
주요 하이라이트로는 510만 달러를 모금한 IPO 완료, AWS 통합을 통한 SpotlightAI™ 3.0 출시, 실시간 위협 탐지를 위한 SpotlightAI™ ONSITE 도입 등이 있습니다. 회사의 자회사인 Airborne Response는 333.8%의 판매 증가를 기록했으며, Safe-Pro USA는 40.3%의 성장을 달성했습니다.
Safe Pro AI의 기술은 1,000,000개 이상의 드론 이미지를 처리하고 우크라이나에서 22,000개 이상의 폭발 위협을 매핑했으며, 우크라이나 국방부, UNDP 및 기타 주요 조직과 파트너십을 맺었습니다. 회사는 또한 군의 전 부차관 보좌관인 Young J. Bang이 의장인 전략 자문 위원회를 구성했습니다.
Safe Pro Group (NASDAQ: SPAI) a rapporté de solides résultats financiers pour l'exercice 2024, avec un chiffre d'affaires total en hausse de 136% à 2,169,178 $, contre 917,720 $ l'année précédente. La marge brute de l'entreprise s'est améliorée à 41.8% contre 33.9% en 2023.
Les points saillants incluent l'achèvement d'une introduction en bourse ayant levé 5,1 millions $, le lancement de SpotlightAI™ 3.0 avec intégration AWS et l'introduction de SpotlightAI™ ONSITE pour la détection des menaces en temps réel. La filiale de l'entreprise, Airborne Response, a connu une augmentation des ventes de 333.8%, tandis que Safe-Pro USA a réalisé une croissance de 40.3%.
La technologie de Safe Pro AI a traité plus de 1 000 000 d'images de drones et a cartographié plus de 22 000 menaces explosives en Ukraine, établissant des partenariats avec le ministère de la Défense ukrainien, le PNUD et d'autres organisations clés. L'entreprise a également formé un Conseil Consultatif Stratégique présidé par Young J. Bang, ancien secrétaire adjoint principal de l'Armée.
Safe Pro Group (NASDAQ: SPAI) hat für das Geschäftsjahr 2024 starke finanzielle Ergebnisse gemeldet, mit einem Anstieg des Gesamtumsatzes um 136% auf 2,169,178 $, verglichen mit 917,720 $ im Vorjahr. Die Bruttomarge des Unternehmens verbesserte sich auf 41.8% von 33.9% im Geschäftsjahr 2023.
Zu den wichtigsten Highlights gehören der Abschluss eines Börsengangs, der 5,1 Millionen $ einbrachte, der Start von SpotlightAI™ 3.0 mit AWS-Integration und die Einführung von SpotlightAI™ ONSITE zur Echtzeitbedrohungserkennung. Die Tochtergesellschaft des Unternehmens, Airborne Response, verzeichnete einen Anstieg des Umsatzes um 333.8%, während Safe-Pro USA ein Wachstum von 40.3% erreichte.
Die Technologie von Safe Pro AI hat über 1.000.000 Drohnenbilder verarbeitet und mehr als 22.000 explosive Bedrohungen in der Ukraine kartiert, wobei Partnerschaften mit dem Verteidigungsministerium der Ukraine, dem UNDP und anderen wichtigen Organisationen aufgebaut wurden. Das Unternehmen hat außerdem einen Strategischen Beirat gegründet, der von Young J. Bang, dem ehemaligen stellvertretenden Sekretär des Heeres, geleitet wird.
- Revenue surge of 136% to $2.17M in FY2024
- Significant gross margin improvement to 41.8% from 33.9%
- Successful IPO raising $5.1M for growth capital
- Airborne Response subsidiary achieved 333.8% sales growth
- Secured contracts with Ukraine's Ministry of Defense and UNDP
- Initial sales of new 305 PRO ballistic armor to law enforcement
- Despite 136% growth, absolute revenue remains relatively small at $2.17M
- Company likely still operating at a loss (no profit figures disclosed)
- Heavy reliance on Ukrainian market poses geopolitical risk
Insights
Safe Pro's 136% year-over-year revenue growth to
The expansion in gross margin from
The
Safe Pro's expansion in Ukraine demonstrates product-market fit in real-world, high-stakes environments, processing over 1,000,000 drone images and mapping 22,000+ explosive threats. This established use case should accelerate adoption in additional markets.
The Strategic Advisory Board formation led by a former Principal Deputy Assistant Secretary of the Army represents a smart move to navigate the complex defense contracting landscape, potentially accelerating sales cycles and opening doors to larger contract opportunities.
Safe Pro's AI-driven drone technology suite is hitting important technological and market milestones. The SpotlightAI 3.0 upgrade marks a significant advancement with AWS integration enabling precision 2D/3D mapping capabilities that defense clients increasingly demand.
The introduction of SpotlightAI ONSITE addresses a critical gap in battlefield technology – the ability to process threat detection without internet connectivity. This on-device processing capability solves a major pain point for military operations in contested environments where connectivity is compromised or unavailable.
The company's SPOTD (Safe Pro Object Threat Detection) technology places it at the intersection of two critical defense priorities: enhanced situational awareness and force protection. These capabilities align perfectly with the Pentagon's increased focus on AI-enabled battlefield intelligence.
The Ukraine deployment provides the company with invaluable real-world validation data – having processed 1,000,000+ drone images and identified 22,000+ explosive threats creates a dataset that continuously improves algorithm performance.
Strategic relationships with Ukraine's Ministry of Defense, UNDP, and NIBULON demonstrate the technology's versatility across military, humanitarian, and commercial applications. The appointment of Young Bang to lead the advisory board brings valuable defense procurement expertise that should help the company navigate the complex defense acquisition process.
Company Achieves Strong Financial Performance and Expands the Presence of its Drone Imagery AI-Powered Threat Detection Technology in Defense and Border Security Markets
“2024 was a transformational year for Safe Pro as we successfully executed on our strategic initiatives, delivering exceptional revenue growth and strengthening our position in key markets for our AI-powered threat detection, drone services, and ballistic protection solutions. Supported by our newly formed Strategic Advisory Board, led by Young J. Bang, former Principal Deputy Assistant Secretary of the Army, we are accelerating our expansion into the
Fiscal Year 2024 Financial Highlights
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Revenue Growth: Total revenue for the full year ended December 31, 2024 surged
136% to$2,169,178 $917,720 333.8% increase in sales and Safe-ProUSA achieving a40.3% increase. Additionally, the Company recorded its first sales of Safe Pro AI’s proprietary SpotlightAI™ AI-powered drone imagery analysis technology, with execution on program inUkraine . -
Margin Expansion: Gross margin improved to
41.8% , up from33.9% in fiscal 2023, reflecting increased sales of higher-margin aerial imaging services.
Key Business Developments & Strategic Milestones
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Successful IPO: On August 30, 2024, Safe Pro Group completed its initial public offering, raising
$5.1 million
Expansion of AI and Defense Capabilities
- SpotlightAI™ 3.0: Safe Pro AI launched the latest iteration of its patented AI-powered drone image analysis system, enhanced with the hyper scalability of Amazon Web Services (AWS) for precision 2D and interactive 3D mapping and real-time threat detection capabilities.
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SpotlightAI™ ONSITE: The Company introduced a Windows-based, real-time threat detection solution, enabling on-device processing without requiring internet connectivity. This cutting-edge software underpins Safe Pro’s SPOTD (Safe Pro Object Threat Detection) technology, a core component in emerging force protection solutions the Company is developing for the
U.S. Armed Forces. -
Drone as a First Responder (DFR): Airborne Response expanded its customer base in critical infrastructure inspection and secured new contracts in public safety launching a DFR program for a
South Florida municipal police department. Additionally, Airborne Response was selected as an authorized reseller of Skydio autonomous drone technology, strengthening its position and offerings for government and enterprise applications. -
305 PRO Ballistic Body Armor: Safe-Pro
USA introduced the ultra-lightweight “305 PRO” hard body armor plate, securing initial sales to a leadingFlorida Police Department SWAT Team, expanding its footprint in the law enforcement protection market. -
Strategic Growth in
Ukraine : Safe Pro AI’s technology has gained significant traction inUkraine , having processed over 1,000,000 drone images and mapped more than 22,000 explosive threats, contributing to safer land remediation efforts. The Company secured key relationships with Ukraine’s Ministry of Defense’s State Special Transport Service (SSTS), the United Nations Development Programme (UNDP), NIBULON Ltd. (the country’s leading grain exporter), and the Igor Sikorsky Kyiv Polytechnic Institute, strengthening its presence in its homeland security, agriculture, rare earth and humanitarian demining initiatives. -
Formation of Strategic Advisory Board: In March 2025, Safe Pro appointed Young J. Bang, former Principal Deputy Assistant Secretary of the Army, as Chair of its Strategic Advisory Board. The board’s mandate is to drive the adoption of Safe Pro’s AI-powered SPOTD technology within the
U.S. defense sector, fostering partnerships with prime contractors, military integrators, and government agencies to enhance battlefield intelligence and personnel protection.
“Safe Pro’s significant achievements in 2024 and early 2025—backed by a growing network of industry leaders and strategic partnerships—have positioned us for continued success in the defense and homeland security sectors. With our proprietary AI technology, scalable defense solutions, and a strong market position, we are well-positioned to capitalize on high-growth opportunities and drive sustained value creation for our shareholders in 2025 and beyond,” concluded Erdberg.
For more information about Safe Pro Group, its subsidiaries, and technologies, please visit https://safeprogroup.com and connect with us on LinkedIn, Facebook, X and Instagram.
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 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.
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Source: Safe Pro Group Inc.
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