Safe Pro Group Delivers Full-Year 2024 Guidance with Record-Breaking Revenue Surging 130+% to Over $2 Million
December 20 2024 - 7:03AM
Business Wire
Record-Breaking Revenue Driven by Increased
Sales Activity Across the Company’s Drone Services, Ballistic
Protection and Artificial Intelligence Solutions Portfolio
Safe Pro Group Inc. (Nasdaq: SPAI) (“Safe Pro” or the
“Company”), a leading provider of artificial intelligence (AI)
solutions specializing in drone imagery processing, today announced
it expects to report record-breaking annual 2024 revenue surging in
excess of 130% over fiscal 2023. Expected record fiscal 2024
results were fueled by an increase of 200+% in fourth quarter
revenue versus the year-ago period driven by strong sales
activities in the Company’s mission critical drone services,
ballistic products, and artificial intelligence (AI) unit.
“I am extremely proud of our growth and of the impact our
organization made in 2024 as we continue to build long-term
customer relationships in the US and with our allies. Our
revolutionary and patented software ecosystem has been battle
tested in Ukraine where our AI located over 16,000 mines and
explosive items for our users since the deployment of the
platform,” said Dan Erdberg, Chairman and CEO of Safe Pro Group
Inc. “We continue to see growth across our drone services business
and ballistic protection manufacturing unit building upon the
strong foundation we have created and laying a path for further
growth and success in the coming year.”
The Company expects to file its Annual Report on Form 10-K with
the Securities and Exchange Commission for the year ended December
31, 2024, on or before March 31, 2025.
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 USA protective gear and Airborne Response
drone-based services can work in synergy to deliver safety and
operational efficiency. For more information on Safe Pro Group
Inc., please visit https://safeprogroup.com/.
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.
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version on businesswire.com: https://www.businesswire.com/news/home/20241220108229/en/
Media Relations for Safe Pro Group Inc.:
media@safeprogroup.com
Investor Relations for Safe Pro Group Inc.:
investors@safeprogroup.com
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