Safe Pro Group Q3 revenue up 102% YoY to $330K; SpotlightAI gains traction

Safe Pro Group Inc.

2024-Q3 EPS reported -$0.64 revenue$1,281,399

Revenue $330,756 in Q3 2024, up 102% YoY from $163,547; nine-month revenue $1.28M, up 100%.
Gross margin improved to 40.6% in Q3 2024 vs 38.2% a year ago; nine-month margin was 34.5% vs 36.4%.
First revenue from SpotlightAI platform from UNDP contract in Ukraine; platform processed 840,614 images, identified 10,912 landmines/ordnance as of November.
Received USPTO Notice of Allowance for patent covering AI-based explosive detection in drone imagery (21 claims).
IPO closed August 30, 2024; shares began trading on Nasdaq under 'SPAI' on August 28, 2024.

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