Recent 8-K filings for SPAI
Highest-materiality recent filing
Safe Pro Q1 revenue up 560% to $1.22M; AI sales surge 2,400%
- Quarterly revenue $1,220,129 (+560% YoY); AI quarterly revenue up over 2,400%.
- Consolidated gross margins >68% inclusive of depreciation.
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Safe Pro awarded $1.3M U.S. subcontract for AI landmine detection on UGVs
Award valued at approximately $1.319M from U.S. prime contractor Forterra for integration of AI threat detection into UGVs.
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Safe Pro receives $743K U.S. Army order for AI-powered threat analysis kit with Red Cat drones
Total purchase price approximately $743,000; first turnkey kit order including NODE edge AI, Red Cat Black Widow drones, annual software upgrades and field support.
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Safe Pro Q1 revenue up 560% to $1.22M; AI sales surge 2,400%
Quarterly revenue $1,220,129 (+560% YoY); AI quarterly revenue up over 2,400%.
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Safe Pro awarded $1M U.S. Government subcontract for AI edge processing systems
Subcontract from a U.S. Government prime contractor valued at $1,000,000.
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Safe Pro Group raises $14M in direct offering of 2M shares at $7.00
Gross proceeds of ~$14M from sale of 2,000,000 shares of common stock at $7.00 each.
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Safe Pro Group raises $1.05M via Series C convertible preferred and warrants
Gross proceeds of $1.05M from sale of 1,050 Series C preferred shares at $1,000/share.
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Safe Pro Group Q3 revenue up 102% YoY to $330K; SpotlightAI gains traction
Revenue $330,756 in Q3 2024, up 102% YoY from $163,547; nine-month revenue $1.28M, up 100%.
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Safe Pro Group Q2 2024 revenue up 524% to $642,989; net loss widens to $2.36M
Revenue $642,989, +524% YoY from $103K; sequential growth 114% from Q1 2024.
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Safe Pro Group prices IPO of 1,020,000 shares at $5.00/share; closes August 29
IPO of 1,020,000 shares of common stock at $5.00/share; underwriter has 45-day option for 153,000 additional shares.
Earnings & guidance
Materiality & sentiment trend
Max materiality 0.85 · Median 0.60 · Most common event other_material