Safe Pro Group Announces $2.169M Revenue For FY24 Compared To $917,720 YoY Up 136%

Benzinga

31 Mar

Revenue Growth: Total revenue for the full year ended December 31, 2024 surged 136% to $2,169,178, compared to $917,720 in the prior year. This growth was fueled by strong performance across all business units, with Airborne Response reporting a 333.8% increase in sales and Safe-Pro USA achieving a 40.3% increase. Additionally, the Company recorded its first sales of Safe Pro AI's proprietary SpotlightAI™ AI-powered drone imagery analysis technology, with execution on program in Ukraine.
Margin Expansion: Gross margin improved to 41.8%, up from 33.9% in fiscal 2023, reflecting increased sales of higher-margin aerial imaging services.

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