Safe Pro Group Inc.
General Information | |
Business: | Safe Pro Group has strategically acquired and assembled three business units focused on protecting those who protect us all. (Incorporated in Delaware)Our strategic emphasis is on the development of a cloud-based ecosystem for analyzing drone imagery by using artificial intelligence (“AI”), machine learning (“ML”), deep learning, and applied computer vision software for hyper-scalable processing, analysis and reporting.Our three business units are:Safe-Pro USA, LLC – We manufacture bullet and blast resistant personal protection equipment through our subsidiary, Safe-Pro USA, LLC, for domestic and international customers in the military, law enforcement and humanitarian peacekeeping markets. This equipment includes body armor, ballistic plates, demining aprons and bomb blankets, and complete EOD (Explosive Ordnance Disposal) Systems, as well as armor systems for ground vehicles and aircraft, including helicopters. We have more than 30 years of combined experience in the U.S. defense industry with a proven expertise and strength in the design, engineering and manufacturing of advanced armor composites. All bullet and blast resistant protection equipment is designed, engineered and made in the United States – and it meets or exceeds the U.S. government and NATO standings, including the U.S. National Institute of Justice and STANAG standards.Safe Pro AI – We provide artificial intelligence (“AI”) and machine learning (“ML”) software technology and photogrammetry analysis tools through out Safe Pro AI unit, for advanced AI-powered object detection and data analysis as well as reporting tools for cloud-based processing of drone imagery. Safe Pro AI’s AI-powered analysis engine and software tools enable the rapid detection and ID of small objects in drone-based images. These software tools use that data and imagery to securely generate detailed high-resolution ortho-mosaic maps highlighting objects of interest. Our AI data analysis tools, using our robust proprietary data sets, can support humanitarian, government/military, enterprise, NGO and first responder markets by providing situational awareness and delivering actionable intelligence. For example, this software and these photogrammetry analysis tools could:*Allow security and first responder personnel to detect items of interest, including contraband or weapons at an incident location;*Detect damage or potential structural issues present in critical infrastructure such as roads or bridges that could indicate potentially hazardous conditions, and*Analyze agricultural crops for growth or signs of crop damage as well as collect data to generate topographical maps to detect and correct drainage issues.Airborne Response Corp. – We provide aerial managed services and mission critical uncrewed solutions through our Airborne Response Corp. unit. We provide a wide range of drones, sometimes combined with ML and AI processing, to provide comprehensive data-driven insights and detailed reporting to allow our customers to improve decision making surrounding their core operations. Services include:*Drone as a Responder (“DaaR”) solutions providing autonomous drone operations in support of public safety, emergency management, security, critical infrastructure and other rapid incident response and assessment needs;*Critical infrastructure inspection – for example, telecom networks and power grids – using visual and/or IR/thermal sensors;*Data capture, analystics and processing powered by ML and AI to give customers comprehensive data-driven insights and reporting, and*Aerial mapping of ground-based infrastructure and other targeted assets.
Drone-based aerial services are provided to customers across multiple industries, including:*Enterprises such as critical infrastructure, insurance, public utilities and telecommunication network operators,*State and local (municipal) governments and agencies, and*First responders, including police, fire and other public safety organizations.Note: Net loss of $6.96 million on revenue of $0.85 million ($850,000) for the 12 months that ended March 31, 2024.As of March 31, 2024: Accumulated deficit of about $7.97 million, according to the prospectus(Note: Safe Pro Group Inc. priced its downsized micro-cap IPO at $5.00 – the mid-point of its $4.75-to-$5.25 price range – and sold 1.0 million shares (1,020,000 shares) – down from 1.2 million shares in the prospectus – to raise $5.0 million on Tuesday night, Aug. 27, 2024. Background: Safe Pro Group Inc. filed an S-1/A on Aug. 2, 2024, in which it revised the price range to a range of $4.75 to $5.25 – from $4.00 to $6.00 – and kept the IPO’s size at 1.2 million shares. Under the new terms, the IPO is expected to raise $6.0 million – the same as under the previous terms.)(Background: Safe Pro Group Inc. filed its S-1 on June 28, 2024, and disclosed terms for its IPO: 1.2 million shares at a price range of $4.00 to $6.00 to raise $6.0 million. The S-1 stated that the company intends to list its stock on the NASDAQ – a change from the April 17, 2024, confidential IPO filing, which proposed the deal as a CBOE listing.)
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Industry: | Professional Land, Water & Aerial Surveying Services |
Employees: | 13 |
Founded: | 2021 |
Contact Information | |
Address | 18305 Biscayne Blvd. Suite 222 Aventura, Florida 33160 |
Phone Number | (786) 409-4030 |
Web Address | http://www.SafeProGroup.com/ |
View Prospectus: | Safe Pro Group Inc. |
Financial Information | |
Market Cap | $68.3mil |
Revenues | $0.85 mil (last 12 months) |
Net Income | $-6.96 mil (last 12 months) |
IPO Profile | |
Symbol | SPAI |
Exchange | NASDAQ |
Shares (millions): | 1.0 |
Price range | $5.00 - $5.00 |
Est. $ Volume | $5.0 mil |
Manager / Joint Managers | Dawson James Securities |
CO-Managers | Spartan Capital |
Expected To Trade: | 8/28/2024 |
Status: | Priced |
Quiet Period Expiration Date: | Available only to Subscribers |
Lock-Up Period Expiration Date: | Available only to Subscribers |
SCOOP Rating | Available only to Subscribers |
Rating Change | Available only to Subscribers |