Safe Pro Group Inc. SPAI
Pro Group Inc. was incorporated as a Delaware corporation in December 2021. Safe Pro Group was created to provide innovative security
and protection products and has strategically acquired and assembled three active business units focused on protecting those who protect
us all. Our strategic emphasis is on the development of a software-based ecosystem for analyzing drone imagery and data utilizing proprietary
artificial intelligence ("AI"), machine learning, deep learning, and applied computer vision software for hyper scalable
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 |
|---|---|---|---|---|
| Revenue | $606.7K | $2.2M | $917.7K | — |
| Cost of revenue | $404.5K | $1.3M | $606.6K | — |
| Gross profit | $202.2K | $906.1K | $311.1K | — |
| R&D | $394.2K | $90.4K | $373.7K | — |
| SG&A | $2.1M | $1.3M | $449.9K | — |
| Total operating expenses | $14.7M | $8.1M | $6.6M | — |
| Operating income | -$14.5M | -$7.2M | -$6.3M | — |
| Interest expense | $12.8K | $306.5K | $8.2K | — |
| Net income | -$14.3M | -$7.4M | -$6.3M | — |
| EPS, basic | -0.85 | -0.70 | -0.79 | — |
| EPS, diluted | -0.85 | -0.70 | -0.79 | — |
| Shares, diluted (wtd. avg.) | $16.9M | $10.6M | $8.0M | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 |
|---|---|---|---|---|
| Cash and equivalents | $16.8M | $2.0M | $703.4K | $1.8M |
| Receivables | $100.0K | $123.7K | $163.3K | — |
| Inventory | $615.0K | $342.1K | $359.2K | — |
| Total current assets | $17.9M | $2.8M | $1.3M | — |
| Property, plant and equipment | $283.1K | $314.9K | $320.9K | — |
| Goodwill | — | $684.9K | $684.9K | — |
| Other intangibles | $834.5K | $1.1M | $987.3K | — |
| Total assets | $19.1M | $4.9M | $3.4M | — |
| Accounts payable | $461.3K | $119.8K | $169.1K | — |
| Total current liabilities | $1.3M | $893.9K | $1.4M | — |
| Long-term debt | $146.0K | $146.0K | — | — |
| Total liabilities | $1.4M | $1.1M | $1.7M | — |
| Retained earnings | -$28.6M | -$14.3M | -$6.8M | — |
| Total equity | $17.7M | $3.9M | $1.8M | $2.6M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 |
|---|---|---|---|---|
| Operating cash flow | -$6.2M | -$4.1M | -$2.0M | — |
| Depreciation and amortisation | $381.3K | $341.1K | $239.0K | — |
| Capital expenditure | $48.8K | $63.8K | $30.2K | — |
| Investing cash flow | -$241.4K | -$436.4K | -$30.2K | — |
| Financing cash flow | $21.3M | $5.8M | $985.2K | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001493152-26-020508.
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