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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 logo

Safe Pro Group Inc. Common Stock

-7.88%$3.74
AH Close$3.74+0.00%vs close
NASDAQ:SPAIIndustrials
Mkt Cap$76.16M
Float11.34M
O/S20.36M
Inst Own10.4%
SI3.6%
Dilution
Safe Pro Group Inc. Common Stock logoNASDAQ:SPAI$3.74-7.88%
Delisting Issues Timeline
Financials Summary
Revenue$607K
Net Income-$14.32M
Total Assets$19.11M
Free Cash Flow-$6.46M
Debt & Equity
Debt 5%
Equity 95%
Total Debt$595K
Total Equity$11.97M
Shares Outstanding
Short Interest
Split History

No splits on record

Nothing in SPAI's public trading history: no forward or reverse split has affected the share count.

Balance Sheet Details
Assets$13.53M
Liabilities$1.56M
Accounts Receivable$1.25M
Accounts Payable$530K
Inventory$757K
PP&E (Net)$360K
Goodwill$0
Intangible Assets$782K
Income Statement
PeriodFY 2025FY 2024FY 2023FY 2022
CurrencyUSDUSDUSDUSD
Period Ending2025-12-312024-12-312023-12-312022-12-31
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 Margin3332.5%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 OS17.09M14.53M13.68M7.50M
EBITDA-$13.93M-$6.78M-$6.07M-$397K
EBITDA Margin-229587.1%-31260.1%-66114.0%-3454.2%
Balance Sheet
PeriodFY 2025FY 2024FY 2023FY 2022
CurrencyUSDUSDUSDUSD
Period Ending2025-12-312024-12-312023-12-312022-12-31
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
Cash Flow Statement
PeriodFY 2025FY 2024FY 2023FY 2022
CurrencyUSDUSDUSDUSD
Period Ending2025-12-312024-12-312023-12-312022-12-31
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