Filing Flows › Safe Pro Group (SPAI) › Q4 2024
Safe Pro Group (SPAI) Q4 2024 earnings results (fourth quarter 2024)
10-K filed Mar 31, 2025
Safe Pro Group (SPAI) reported revenue of $888K for the fourth quarter 2024 (Q4 2024), +220% from a year earlier and +168% from the quarter before. Operating margin was -157.9%, net loss $1.4M (155.9% of revenue).
Safe Pro Group, Q4 2024: revenue $888K (+220% year over year), operating margin -157.9%, net loss $1.4M, operating cash flow −$1.0M. The chart follows the revenue to costs, profit and cash.
| Q4 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $888K | +168% | +220% |
| Operating profit | −$1.4M | — | — |
| Net earnings | −$1.4M | — | — |
| Operating cash flow | −$1.0M | — | — |
What changed
Revenue was $888K in Q4 2024, up 220% year over year and up 168% from the previous quarter. Airborne Response was the largest line at 85% of revenue.
Gross margin was 52.2%, up 24.2 points from a year earlier. Operating costs exceeded revenue by $1.4M, an operating margin of -157.9%. Operating expenses fell 58% while revenue rose 220%. The fastest-growing cost line was SG&A (+151%). The quarter ended with a net loss of $1.4M, narrower than the previous quarter's $3.7M loss.
Operating cash flow was −$1.0M. Non-cash charges added back $118K of depreciation and amortization. Working capital and other items added $235K. Capital expenditures of $10K exceeded it, leaving free cash flow of −$1.0M.
Questions
What was Safe Pro Group's revenue in the fourth quarter 2024?
Safe Pro Group (SPAI) reported revenue of $888K for the fourth quarter 2024 (Q4 2024), +220% from a year earlier and +168% from the quarter before.
Was Safe Pro Group profitable in the fourth quarter 2024?
Operating loss was $1.4M (-157.9% of revenue) and net loss $1.4M.
Source: Safe Pro Group 10-K on SEC EDGAR.