Safe Pro Group Inc. (SPAI)
Safe Pro Group Inc., established in 2021 and located in Aventura, Florida, adopted its current name in July 2022, previously operating as Cybernate Corp. The company's core business involves manufacturing and distributing personal protective equipment and ballistic protection systems across the United States. Their product line includes specialized gear for explosive ordnance disposal (EOD) and unexploded ordnance disposal (UXO), alongside vital body armor components such as ballistic vests, helmets, and protective blankets. Beyond physical protective wear, Safe Pro Group is deeply engaged in advanced aerial services and artificial intelligence. They offer drone-based managed services for the inspection of crucial infrastructure, including radio towers and electrical grids. The company also pioneers AI-driven tools designed for sophisticated detection, data analysis, and reporting, leveraging hyper-scalable, cloud-based processing of drone imagery. Their extensive drone services portfolio further includes "Drone as a Responder" (DaaR) solutions, tailored for public safety, emergency management, security, critical infrastructure, and general incident response. They conduct detailed infrastructure assessments utilizing visual, infrared, and thermal sensors, employing machine learning and artificial intelligence to capture, analyze, and process data for insightful, data-driven reports. Additional offerings comprise aerial mapping of ground assets, Unmanned Aerial System (UAS) training and consulting, and other custom-tailored services. Safe Pro Group serves a broad spectrum of clients, including critical infrastructure entities, insurance providers, public utilities, telecommunication network operators, various state and local government agencies, and public safety organizations such as police and fire departments.
Sector: Services-Prepackaged Software
Industry: Aerospace & Defense
Safe Pro Group Inc. Common Stock
No splits on record
Nothing in SPAI's public trading history: no forward or reverse split has affected the share count.
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Currency | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
| Revenue | $607K | $2.17M | $918K | $1.15M |
| YoY Growth | -7203.2% | 13636.6% | -2024.0% | - |
| Cost of Revenue | $405K | $1.26M | $607K | $632K |
| Gross Profit | $202K | $906K | $311K | $519K |
| Gross Margin | 3332.5% | 4177.4% | 3389.7% | 4506.6% |
| Research and Development | $394K | $90K | $374K | $0 |
| Selling, General, and Administrative | $13.22M | $7.7M | $6.06M | $946K |
| Other | $305K | $273K | $182K | $76K |
| Total Operating Expenses | $13.92M | $8.06M | $6.62M | $1.02M |
| Operating Income (EBIT) | -$13.71M | -$7.15M | -$6.31M | -$503K |
| Operating Margin | -226060.5% | -32971.0% | -68723.9% | -4370.2% |
| Interest Expense | $13K | $307K | $8K | $5K |
| Interest Income | $178K | $30K | $508 | $44 |
| Other Income (Expense) | -$608K | -$276K | -$8K | -$5K |
| Income Before Tax (EBT) | -$14.32M | -$7.43M | -$6.31M | -$508K |
| Income Tax Expense | $0 | $0 | $0 | $0 |
| Net Income | -$14.32M | -$7.43M | -$6.31M | -$508K |
| Net Income Margin | -236084.2% | -34245.5% | -68808.0% | -4411.9% |
| Supplementary Data | ||||
| EPS | -0.84 | -0.51 | -0.46 | -0.07 |
| Diluted EPS | -0.84 | -0.51 | -0.46 | -0.07 |
| Weighted Average OS | 17.09M | 14.53M | 13.68M | 7.50M |
| EBITDA | -$13.93M | -$6.78M | -$6.07M | -$397K |
| EBITDA Margin | -229587.1% | -31260.1% | -66114.0% | -3454.2% |
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Currency | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
| Assets | ||||
| Current Assets | ||||
| Cash and Cash Equivalents | $16.79M | $1.97M | $703K | $1.75M |
| Short-Term Investments | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $16.79M | $1.97M | $703K | $1.75M |
| Accounts Receivable | $100K | $124K | $163K | $102K |
| Inventory | $615K | $342K | $359K | $364K |
| Other Current Assets | $420K | $0 | $48K | $136K |
| Total Current Assets | $17.93M | $2.75M | $1.27M | $2.35M |
| Long-Term Assets | ||||
| Property, Plant & Equipment Net | $342K | $417K | $474K | $567K |
| Goodwill | $0 | $685K | $685K | $685K |
| Intangible Assets | $834K | $1.09M | $987K | $623K |
| Long-Term Investments | $0 | $0 | $0 | $0 |
| Deferred Tax Assets | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $10K | $10K | $10K | $10K |
| Total Long-Term Assets | $1.19M | $2.2M | $2.16M | $1.88M |
| Other Assets | $1 | $0 | $0 | $0 |
| Total Assets | $19.11M | $4.95M | $3.43M | $4.24M |
| Liabilities | ||||
| Current Liabilities | ||||
| Accounts Payable | $461K | $120K | $169K | $51K |
| Short-Term Debt | $0 | $0 | $344K | $0 |
| Current Income Tax Payable | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $19K | $84K | $85K | $44K |
| Other Current Liabilities | $7K | $115K | $203K | $134K |
| Total Current Liabilities | $1.25M | $894K | $1.42M | $1.35M |
| Long-Term Liabilities | ||||
| Long-Term Debt | $146K | $146K | $146K | $146K |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $0 | $0 | $0 | $0 |
| Total Long-Term Liabilities | $147K | $182K | $237K | $306K |
| Other Liabilities | $0 | $0 | $0 | $0 |
| Total Liabilities | $1.4M | $1.08M | $1.65M | $1.66M |
| Stockholders' Equity | ||||
| Preferred Stock | $0 | $0 | $628 | $628 |
| Common Stock | $2K | $1K | $873 | $751 |
| Retained Earnings | -$28.57M | -$14.25M | -$6.82M | -$508K |
| Comprehensive Income & Other | $0 | $0 | $0 | $0 |
| Other Stockholders' Equity | $46.29M | $18.12M | $8.6M | $3.09M |
| Total Equity | $17.72M | $3.87M | $1.78M | $2.58M |
| Minority Interest | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $19.11M | $4.95M | $3.43M | $4.24M |
| Supplementary Data | ||||
| Total Debt | $202K | $245K | $649K | $368K |
| Net Debt | -$16.59M | -$1.73M | -$54K | -$1.38M |
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Currency | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
| Operating Activities | ||||
| Net Income | -$14.32M | -$7.43M | -$6.31M | -$508K |
| Depreciation & Amortization | $381K | $341K | $239K | $105K |
| Deferred Income Tax | $0 | $0 | $0 | $0 |
| Stock-Based Compensation | $6.91M | $2.85M | $3.62M | $0 |
| Changes in Working Capital: | ||||
| Accounts Receivable | $24K | $40K | -$61K | $1.56M |
| Inventory | -$273K | $17K | $5K | -$297K |
| Accounts Payable | $279K | -$49K | $118K | -$44K |
| Other Working Capital | -$42K | -$308K | $180K | $38K |
| Total Working Capital Change | -$13K | -$301K | $242K | $1.26M |
| Other Non-Cash Items | $831K | $440K | $213K | $225K |
| Net Cash from Operating | -$6.22M | -$4.1M | -$2M | $1.08M |
| Investing Activities | ||||
| Capital Expenditures | -$49K | -$64K | -$30K | -$26K |
| Acquisitions | $0 | $0 | $0 | $196K |
| Purchases of Investments | $0 | $0 | $0 | $0 |
| Sales of Investments | $0 | $0 | $0 | $0 |
| Other Investing Activities | -$193K | -$373K | $0 | $0 |
| Net Cash from Investing | -$241K | -$436K | -$30K | $170K |
| Financing Activities | ||||
| Debt Repaid | - | -$275K | - | - |
| Common Stock Issuance | $21.24M | $4.67M | $1.01M | $1.18M |
| Common Stock Repurchases | -$613K | $0 | $0 | $0 |
| Dividends Paid | $0 | $0 | $0 | $0 |
| Other Financing Activities | -$393K | $856K | -$495K | -$722K |
| Net Cash from Financing | $21.28M | $5.8M | $985K | $504K |
| Forex Effect | $0 | $0 | $0 | $0 |
| Net Change in Cash | $14.82M | $1.27M | -$1.05M | $1.75M |
| Supplementary Data | ||||
| Operating Cash Flow | -$6.22M | -$4.1M | -$2M | $1.08M |
| Capital Expenditure | -$241K | -$436K | -$30K | -$26K |
| Free Cash Flow | -$6.46M | -$4.53M | -$2.03M | $1.05M |
| Cash at Beginning | $1.97M | $703K | $1.75M | $0 |
| Cash at End | $16.79M | $1.97M | $703K | $1.75M |