secwatch.observer — SEC 8-K summary
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Issuer:     Safe Pro Group Inc. (SPAI)
CIK:        0002011208
Form:       8-K
Filed at:   2024-09-26T23:59:59+00:00
Accession:  0001493152-24-038216
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Safe Pro Group Q2 2024 revenue up 524% to $642,989; net loss widens to $2.36M
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- Revenue $642,989, +524% YoY from $103K; sequential growth 114% from Q1 2024.
- Net loss $2,358,783 vs $1,214,473 in Q2 2023; gross margin 32.8% (down from 35.8%).
- IPO closed Aug 30, 2024: 1,020,000 shares at $5.00, raised $5.1M gross.
- USPTO Notice of Allowance for AI patent covering explosives detection in orthomosaic images.
- Completed drone survey in Ukraine under UNDP purchase order; AWS case study published.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2011208/000149315224038216/0001493152-24-038216-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2011208/000149315224038216/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-038216

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer