Safe Pro Group Inc. (NASDAQ: SPAI) shares are gaining pre-hour momentum following an announcement forecasting remarkable revenue growth for the upcoming quarter. As of the latest check, SPAI stock rose by 14.69%, trading at $2.03.
Record Revenue Boost in Q4
Safe Pro (SPAI) revealed expectations of a staggering 200+% year-over-year revenue growth for Q4, driven by record-breaking monthly revenue in October, exceeding $650,000. This surge is primarily attributed to increased activity in SPAI’s drone services, responding to a series of devastating hurricanes and storms that impacted the southeastern United States.
Advancements Across Business Segments
2024 has been a transformative year for Safe Pro Group, marked by steady progress across its diversified portfolio. The company reported growing domestic and international demand for its AI-powered technologies, particularly in drone services and ballistic solutions. With a promising outlook for 2025, SPAI anticipates sustained growth and enhanced value for its stakeholders.
Transforming Landmine Detection in Ukraine
A major milestone was recently achieved in Ukraine, where Safe Pro’s SpotlightAI platform—leveraging Amazon Web Services (AWS)—detected over 10,000 explosive devices using drones and artificial intelligence. This breakthrough is pivotal in making agricultural lands safer and addressing global food security challenges.
In partnership with NIBULON Ltd., one of Ukraine’s leading grain producers, Safe Pro is working to clear landmines from farmlands devastated by the ongoing conflict. Ukraine, often called the “breadbasket of Europe,” has experienced agricultural losses exceeding $50 billion. By employing AI and drone technologies, SPAI and NIBULON aim to restore productivity and revive global food supplies.
SpotlightAI: A Game-Changer
Safe Pro’s patent-pending SpotlightAI system has analyzed over 840,000 drone images in Ukraine, identifying 10,912 explosive remnants of war across 3,887 hectares (9,604 acres). This cutting-edge platform processes each image in under 0.2 seconds, a stark contrast to the hours required for manual analysis.
With its unparalleled efficiency, SpotlightAI is revolutionizing the process of mine detection and land reclamation. SPAI continues to demonstrate innovation and resilience, positioning itself as a key player in leveraging AI for humanitarian and commercial purposes worldwide.
