PRZO
ParaZeroFDocument history
Earnings documents stored for PRZO.
Investor releaseQuarter not tagged2026-08-26ParaZero Reports Strong First Half 2026 Results with 195% Sales Growth and Expanding DefendAir Commercial Momentum
GlobeNewswire
ParaZero Reports Strong First Half 2026 Results with 195% Sales Growth and Expanding DefendAir Commercial Momentum
Sales Nearly Triple Year-Over-Year and Surpass Full-Year 2025 Levels; Gross Margin Improves from a negative 20.6% to 36% with Multiple Orders from Israeli, U.S., and European Customers KFAR SABA, Israel, Aug. 26, 2026 (GLOBE NEWSWIRE) -- ParaZero Technologies Ltd. (Nasdaq: PRZO) (the “Company” or “ParaZero”), an aerospace defense company pioneering smart, autonomous solutions for the global manned and unmanned aerial systems (UAS) industry, reported today its financial results for the six months ended June 30, 2026, and provided an update on its commercial progress. First Half 2026 Financial Highlights Sales increased approximately three-fold by 195.3% to $1,057,210 for the six months ended June 30, 2026, compared to $357,979 in the same period of 2025. This already exceeds the Company’s full-year 2025 sales of $1,046,664. Growth was driven primarily by the shift toward newly developed defense-sector products and original equipment manufacturer (OEM) integrations. Gross profit turned positive at $380,376, compared to a gross loss of $73,909 in the prior-year period, with gross margin improving significantly to 36% for the six months ended June 30, 2026 from a negative 20.6% in the same period of 2025, reflecting improved operating leverage from higher-margin defense sales. Operating expenses increased, resulting in an operating loss of $4,007,723 compared to $3,652,278 in the prior-year period. The increase was primarily driven by higher sales and marketing expenses and general and administrative costs, offset by a 16.7% decrease in research and development, primarily due to efficiencies in labor and consulting costs. Net loss increased to $4,335,835 for the six months ended June 30, 2026, compared to $2,295,955 in the same period of 2025, primarly attributable to an unfavorable year-over-year change in the fair value of derivative warrant liabilities, from income of $1,253,042 in the prior-year period to an expense of $526,930 in the current period. As of June 30, 2026, the Company held approximately $7.8 million in cash, cash equivalents and short-term deposits. Commercial Momentum in DefendAir™ Counter-UAS Solutions During the six months ended June 30, 2026, and in the subsequent period, ParaZero continued to expand adoption of its DefendAir counter-UAS solutions across defense, security and critical infrastructure markets: January 2026: Received first pu…Read full documentShow less
Sales Nearly Triple Year-Over-Year and Surpass Full-Year 2025 Levels; Gross Margin Improves from a negative 20.6% to 36% with Multiple Orders from Israeli, U.S., and European Customers KFAR SABA, Israel, Aug. 26, 2026 (GLOBE NEWSWIRE) -- ParaZero Technologies Ltd. (Nasdaq: PRZO) (the “Company” or “ParaZero”), an aerospace defense company pioneering smart, autonomous solutions for the global manned and unmanned aerial systems (UAS) industry, reported today its financial results for the six months ended June 30, 2026, and provided an update on its commercial progress. First Half 2026 Financial Highlights Sales increased approximately three-fold by 195.3% to $1,057,210 for the six months ended June 30, 2026, compared to $357,979 in the same period of 2025. This already exceeds the Company’s full-year 2025 sales of $1,046,664. Growth was driven primarily by the shift toward newly developed defense-sector products and original equipment manufacturer (OEM) integrations. Gross profit turned positive at $380,376, compared to a gross loss of $73,909 in the prior-year period, with gross margin improving significantly to 36% for the six months ended June 30, 2026 from a negative 20.6% in the same period of 2025, reflecting improved operating leverage from higher-margin defense sales. Operating expenses increased, resulting in an operating loss of $4,007,723 compared to $3,652,278 in the prior-year period. The increase was primarily driven by higher sales and marketing expenses and general and administrative costs, offset by a 16.7% decrease in research and development, primarily due to efficiencies in labor and consulting costs. Net loss increased to $4,335,835 for the six months ended June 30, 2026, compared to $2,295,955 in the same period of 2025, primarly attributable to an unfavorable year-over-year change in the fair value of derivative warrant liabilities, from income of $1,253,042 in the prior-year period to an expense of $526,930 in the current period. As of June 30, 2026, the Company held approximately $7.8 million in cash, cash equivalents and short-term deposits. Commercial Momentum in DefendAir™ Counter-UAS Solutions During the six months ended June 30, 2026, and in the subsequent period, ParaZero continued to expand adoption of its DefendAir counter-UAS solutions across defense, security and critical infrastructure markets: January 2026: Received first purchase order from a major Israeli defense entity; expanded European presence with a new reseller agreement and initial order from a customer in a key NATO country; secured an additional order from a major global defense corporation. February 2026: Received additional DefendAir order from a second branch of an Israeli defense entity, including specialized net-launching systems, interception pods (handheld, stationary and drone-mounted configurations) and a comprehensive training package. March 2026: Secured a new purchase order from an Israeli defense entity that included an evaluation kit, net pods, live exercises and training services. April 2026: Multiple orders, including an order valued at more than $650,000 from a Tier-1 international drone interception company, plus follow-on orders from Israeli defense entities for personal net launchers, net pods and training. May 2026: Expanded manufacturing capabilities and secured full-scale production capacity to support rising demand. June 2026: Received first DefendAir order from a U.S.-based Tier-1 defense corporation; entered two new Israeli integration agreements for DefendAir net pods into autonomous counter-UAS platforms; and received a net pod order from a second business unit of a Tier-1 Israeli-based global defense company. Recent Commercial Developments After June 30, 2026: In July 2026, the company received a purchase order valued at more than $1 million from a U.S.-based customer, a follow-on order for an operational system protecting high-value assets and critical infrastructure, and a net pod order from a third business unit of a Tier-1 Israeli global defense company. The deliveries are expected to commence in the fourth quarter of 2026 and continue over a period of 12–18 months. In August 2026, the company received its first order for DefendAir from a U.S. government entity, representing the first sale of DefendAir to a U.S. federal customer. In August 2026, the company received an initial DefendAir order from a Tier-1 European defense manufacturer for integration into an autonomous counter-UAS platform. “These results demonstrate meaningful commercial traction for our DefendAir solutions as demand for effective counter-drone capabilities continues to grow globally,” said Ariel Alon, Chief Executive Officer of ParaZero. “The combination of strong revenue growth, improved gross margins, and a broadening base of Tier-1 defense and security customers positions us well as we continue to scale manufacturing and pursue additional opportunities in key markets.” About ParaZero Technologies ParaZero Technologies Ltd. (Nasdaq: PRZO) is an aerospace defense company pioneering smart, autonomous solutions for the global manned and unmanned aerial systems (UAS) industry. Founded in 2014 by aviation professionals and drone industry veterans, ParaZero develops intelligent, mission-ready technologies for defense and advanced aerial applications. The Company’s DefendAir product family provides a controlled, non-explosive, net-based physical interception capability designed for integration across personal, mobile, autonomous and fixed-site Counter-UAS systems. For more information, visit ParaZero https://parazero.com/ Forward-Looking Statements This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act and other securities laws. Forward-looking statements contained in this press release include, but are not limited to, statements regarding ParaZero’s strategic and business plans, technology, relationships, objectives and expectations for its business, growth, the impact of trends on and interest in its business, intellectual property, products and its future results, operations and financial performance and condition and may be identified by the use of words such as “may,” “seek,” “will,” “consider,” “likely,” “assume,” “estimate,” “expect,” “anticipate,” “intend,” “believe,” “do not believe,” “aim,” “predict,” “plan,” “project,” “continue,” “potential,” “guidance,” “objective,” “outlook,” “trends,” “future,” “could,” “would,” “should,” “target,” “on track” or their negatives or variations, and similar terminology and words of similar import, generally involve future or forward-looking statements. For example, the Company is using forward-looking statements when it discusses its efforts to expand production capacity, and the potential for additional orders and customer growth in the defense and commercial markets and its expectation to commence deliveries in the fourth quarter of 2026 and on a continuous basis over a period of 12–18 months. Forward-looking statements are not historical facts, and are based upon management’s current expectations, beliefs and projections, many of which, by their nature, are inherently uncertain. Such expectations, beliefs and projections are expressed in good faith. However, there can be no assurance that management’s expectations, beliefs and projections will be achieved, and actual results may differ materially from what is expressed in or indicated by the forward-looking statements. Forward-looking statements are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in the forward-looking statements. For a more detailed description of the risks and uncertainties affecting the Company, reference is made to the Company’s reports filed from time to time with the Securities and Exchange Commission (“SEC”), including, but not limited to, the risks detailed in the Company’s Annual Report on Form 20-F filed with the SEC on March 26, 2026. Forward-looking statements speak only as of the date the statements are made. The Company assumes no obligation to update forward-looking statements to reflect actual results, subsequent events or circumstances, changes in assumptions or changes in other factors affecting forward-looking information except to the extent required by applicable securities laws. If the Company does update one or more forward-looking statements, no inference should be drawn that the Company will make additional updates with respect thereto or with respect to other forward-looking statements. References and links to websites have been provided as a convenience, and the information contained on such websites is not incorporated by reference into this press release. ParaZero is not responsible for the content of third-party websites. Investor Relations Contact: Michal EfratyInvestor [email protected]
Investor releaseQuarter not tagged2026-03-26ParaZero Reports 2025 Financial Results
GlobeNewswire
ParaZero Reports 2025 Financial Results
Delivers 12.3% Sales Growth, Driven by Strong Demand for the Company’s Defense Solutions KFAR SABA, Israel, March 26, 2026 (GLOBE NEWSWIRE) -- ParaZero Technologies Ltd. (Nasdaq: PRZO) (the “company” or “ParaZero”), an aerospace defense company pioneering smart, autonomous solutions for the global manned and unmanned aerial systems (UAS) industry, today announced its financial results for year ended December 31, 2025. Key Highlights of ParaZero’s Achievements in 2025 & Recent Highlights: Sales increased by 12.3% to $1,046,644 for the year ended December 31, 2025, primarily driven by newly developed products in the defense sector Three purchase orders received from Israeli defense entities for DefendAir Counter-Unmanned Aerial Systems solutions reinforcing trust and operational reliance on ParaZero’s DefendAir platform. Cash position strengthened with registered direct offerings in 2026 yielding approximately $7.5 million in gross proceeds. Commercial and Regulatory Milestones In January 2025, ParaZero announced that it received official approval from the Israeli Defense Export Controls Agency (DECA) under the Israel Ministry of Defense for the marketing of the DefendAir counter-UAS (C-UAS) solution. In April 2025, ParaZero received a marketing approval from DECA for the DropAir™ Precision Airdrop System, developed in collaboration with Heven Drones, a leading U.S. drone manufacturer with roots in Israel that specializes in custom autonomous UAS platforms. In October 2025, ParaZero announced the signing of a significant purchase order with Airobotics Ltd.(an Ondas company), a premier provider of robotic automation solutions, for the delivery of the company’s advanced safety systems. In November 2025, ParaZero received a significant purchase order for its DefendAir anti-drone defense systems from a Dutch distributor, one of Europe’s largest integrators that serves as a leading supplier of defense and homeland security applications. In December 2025, ParaZero signed a distribution agreement with a leading Western European distributor specializing in advanced defense systems and force training solutions, which grants the distributor exclusive rights to distribute the DefendAir C-UAS across multiple Western European countries. In January 2026, ParaZero announced the receipt of the first purchase order from a main Israeli defense entity for the DefendAir solution.…Read full documentShow less
Delivers 12.3% Sales Growth, Driven by Strong Demand for the Company’s Defense Solutions KFAR SABA, Israel, March 26, 2026 (GLOBE NEWSWIRE) -- ParaZero Technologies Ltd. (Nasdaq: PRZO) (the “company” or “ParaZero”), an aerospace defense company pioneering smart, autonomous solutions for the global manned and unmanned aerial systems (UAS) industry, today announced its financial results for year ended December 31, 2025. Key Highlights of ParaZero’s Achievements in 2025 & Recent Highlights: Sales increased by 12.3% to $1,046,644 for the year ended December 31, 2025, primarily driven by newly developed products in the defense sector Three purchase orders received from Israeli defense entities for DefendAir Counter-Unmanned Aerial Systems solutions reinforcing trust and operational reliance on ParaZero’s DefendAir platform. Cash position strengthened with registered direct offerings in 2026 yielding approximately $7.5 million in gross proceeds. Commercial and Regulatory Milestones In January 2025, ParaZero announced that it received official approval from the Israeli Defense Export Controls Agency (DECA) under the Israel Ministry of Defense for the marketing of the DefendAir counter-UAS (C-UAS) solution. In April 2025, ParaZero received a marketing approval from DECA for the DropAir™ Precision Airdrop System, developed in collaboration with Heven Drones, a leading U.S. drone manufacturer with roots in Israel that specializes in custom autonomous UAS platforms. In October 2025, ParaZero announced the signing of a significant purchase order with Airobotics Ltd.(an Ondas company), a premier provider of robotic automation solutions, for the delivery of the company’s advanced safety systems. In November 2025, ParaZero received a significant purchase order for its DefendAir anti-drone defense systems from a Dutch distributor, one of Europe’s largest integrators that serves as a leading supplier of defense and homeland security applications. In December 2025, ParaZero signed a distribution agreement with a leading Western European distributor specializing in advanced defense systems and force training solutions, which grants the distributor exclusive rights to distribute the DefendAir C-UAS across multiple Western European countries. In January 2026, ParaZero announced the receipt of the first purchase order from a main Israeli defense entity for the DefendAir solution. In February 2026, ParaZero announced the receipt of an additional order from a second branch at an Israeli defense entity for the DefendAir solution. The order included: Specialized Launchers: High-precision net-launchers designed for rapid deployment in urban and field environments, enabling soft-kill interception of hostile drones with minimal collateral damage. Interception Pods: net-pods compatible with handheld, stationary, and drone-mounted configurations, providing layered defense for troops, convoys, and critical infrastructure. Training Package: A comprehensive suite of simulation-based and live-fire training modules to ensure operational readiness, including system integration, maintenance, and tactical deployment scenarios. In March 2026, ParaZero announced the receipt of a new purchase order from an Israeli defense entity for the DefendAir solution. The order included the delivery of an evaluation kit including DefendAir’s net pods live exercise and training to support rapid operational deployment and maximize readiness. In March 2026, ParaZero signed a strategic cooperation agreement with BonV Aero, a leading Indian aerospace and defense technologies manufacturer, under which BonV Aero will market the DefendAir C-UAS solutions in India, following a successful live demonstration to a key Indian security entity. Full Year 2025 Financial Highlights: Sales increased by 12.3%, to $1,046,664 for the year ended December 31, 2025, compared to $932,154 for the year ended December 31, 2024. This increase was mainly attributed to the company shifting towards sales of newly developed products, mainly in the defense sector, and original equipment manufacturer integrations that contributed to a higher volume of sales. Cost of sales increased by 14.1%, to $996,701 for the year ended December 31, 2025, compared to $873,861 for the year ended December 31, 2024. The increase was mainly due to the increase of an inventory write-off of $194,344 during the year ended December 31, 2025. Research and development expenses increased by 9.1%, to $2,338,221 for the year ended December 31, 2025, compared to $2,143,353 for the year ended December 31, 2024. The increase resulted mainly from labor costs due to the increased number of employees and consultants’ costs. Sales and marketing expenses increased by 49.7%, to $1,618,187 for the year ended December 31, 2025, compared to $1,081,003 for the year ended December 31, 2024. The increase resulted mainly from labor costs, marketing and promotion services and travel and conferences participation costs. General and administrative expenses increased by 51.7%, to $3,640,967 for the year ended December 31, 2025, compared to $2,400,000 for the year ended December 31, 2024. The increase resulted mainly from non-cash expenses of $1,086,247 related to grants pursuant to our equity incentive plan. Net loss and comprehensive loss decreased by 51%, to $5,412,163 for the year ended December 31, 2025, compared to a net loss of $11,054,230 for the year ended December 31, 2024. The decrease was the result of changes in fair value of derivative warrant liabilities, set off by an increase in expenses related to grants pursuant to our equity incentive plan along with an increase of operating expenses, as described above. The loss per share for the year ended December 31, 2025, was $0.31 compared to loss per share of $0.99 for the year ended December 31, 2024. As of December 31, 2025, the company’s cash, cash equivalents, and short-term deposits was approximately $4.2 million. A copy of ParaZero’s annual report on Form 20-F for the year ended December 31, 2025 has been filed with the U.S. Securities and Exchange Commission at https://www.sec.gov/ and posted on ParaZero’s investor relations website at https://parazero.com/investor-relations/. ParaZero will deliver a hard copy of its annual report, including its complete audited consolidated financial statements, free of charge, to its shareholders upon request at [email protected]. About ParaZero Technologies ParaZero Technologies Ltd. (Nasdaq: PRZO) is an aerospace defense company pioneering smart, autonomous solutions for the global manned and unmanned aerial systems (UAS) industry. Founded in 2014 by aviation professionals and drone industry veterans, ParaZero is a recognized leader in advanced drone technologies, supporting commercial, industrial, and governmental operations worldwide. The company’s product portfolio includes SafeAir, an autonomous parachute recovery system designed for aerial safety and regulatory compliance; DefendAir, a counter-UAS net-launching platform for protection against hostile drones in both battlefield and urban environments; and DropAir, a precision aerial delivery system. ParaZero’s mission is to redefine the boundaries of aerial operations with intelligent, mission-ready systems that enhance safety, scalability, and security. For more information, visit https://parazero.com. Forward-Looking Statements This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act and other securities laws. Words such as “expects,” “anticipates,” “intends,” “plans,” “believes,” “seeks,” “estimates” and similar expressions or variations of such words are intended to identify forward-looking statements. Forward-looking statements are not historical facts, and are based upon management’s current expectations, beliefs and projections, many of which, by their nature, are inherently uncertain. Such expectations, beliefs and projections are expressed in good faith. However, there can be no assurance that management’s expectations, beliefs and projections will be achieved, and actual results may differ materially from what is expressed in or indicated by the forward-looking statements. Forward-looking statements are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in the forward-looking statements. For a more detailed description of the risks and uncertainties affecting the Company, reference is made to the Company’s reports filed from time to time with the Securities and Exchange Commission (“SEC”), including, but not limited to, the risks detailed in the Company’s Annual Report on Form 20-F filed with the SEC on March 26, 2026 and in subsequent filings with the SEC. Forward-looking statements speak only as of the date the statements are made. The Company assumes no obligation to update forward-looking statements to reflect actual results, subsequent events or circumstances, changes in assumptions or changes in other factors affecting forward-looking information except to the extent required by applicable securities laws. If the Company does update one or more forward-looking statements, no inference should be drawn that the Company will make additional updates with respect thereto or with respect to other forward-looking statements. References and links to websites have been provided as a convenience, and the information contained on such websites is not incorporated by reference into this press release. ParaZero is not responsible for the content of third-party websites. Investor Relations Contact: Michal Efraty Investor Relations [email protected]
Investor releaseQuarter not tagged2026-02-18ParaZero Achieves Extraordinary Results in Intercepting High Speed Hostile Drones at High Speed of 70 mph
GlobeNewswire
ParaZero Achieves Extraordinary Results in Intercepting High Speed Hostile Drones at High Speed of 70 mph
Kfar Saba, Israel, Feb. 18, 2026 (GLOBE NEWSWIRE) -- ParaZero Technologies Ltd. (Nasdaq: PRZO) (the “company” or “ParaZero”), an aerospace defense company pioneering smart, autonomous solutions for the global manned and unmanned aerial systems (UAS) industry, proudly announces outstanding results from an internal live testing of its DefendAir™ system. In the trial, DefendAir successfully intercepted a fast-moving drone traveling at 70 mph using its patented net-launching technology. This marks the first-ever successful net-based interception of a drone at such high speed by ParaZero. The system demonstrated its capability for real-time, on-the-move protection against rapidly approaching aerial threats. The test simulated a realistic combat scenario of a hostile drone closing in at high speed on ground forces. The achievement elevates DefendAir as a solution, capable of countering tactical platforms such as FPV attack drones at very high speeds and other fast, lethal unmanned systems. "We are thrilled to demonstrate DefendAir's strong and reliable performance in demanding operational conditions," said Ariel Alon, CEO of ParaZero. "We believe that intercepting a 70 mph threat represent a significant advancement for force protection in modern battlefields." DefendAir offers a non-explosive, low-collateral net-based interception and is available in multiple configurations: handheld, stationary point protection and drone-mounted – delivering layered defense for troops, convoys, and high-value assets. About ParaZero Technologies ParaZero Technologies Ltd. (Nasdaq: PRZO) is an aerospace defense company pioneering smart, autonomous solutions for the global manned and unmanned aerial systems (UAS) industry. Founded in 2014 by aviation professionals and drone industry veterans, ParaZero is a recognized leader in advanced drone technologies, supporting commercial, industrial, and governmental operations worldwide. The company’s product portfolio includes SafeAir, an autonomous parachute recovery system designed for aerial safety and regulatory compliance; DefendAir, a counter-UAS net-launching platform for protection against hostile drones in both battlefield and urban environments; and DropAir, a precision aerial delivery system. ParaZero’s mission is to redefine the boundaries of aerial operations with intelligent, mission-ready systems that enhance safety, scalabili…Read full documentShow less
Kfar Saba, Israel, Feb. 18, 2026 (GLOBE NEWSWIRE) -- ParaZero Technologies Ltd. (Nasdaq: PRZO) (the “company” or “ParaZero”), an aerospace defense company pioneering smart, autonomous solutions for the global manned and unmanned aerial systems (UAS) industry, proudly announces outstanding results from an internal live testing of its DefendAir™ system. In the trial, DefendAir successfully intercepted a fast-moving drone traveling at 70 mph using its patented net-launching technology. This marks the first-ever successful net-based interception of a drone at such high speed by ParaZero. The system demonstrated its capability for real-time, on-the-move protection against rapidly approaching aerial threats. The test simulated a realistic combat scenario of a hostile drone closing in at high speed on ground forces. The achievement elevates DefendAir as a solution, capable of countering tactical platforms such as FPV attack drones at very high speeds and other fast, lethal unmanned systems. "We are thrilled to demonstrate DefendAir's strong and reliable performance in demanding operational conditions," said Ariel Alon, CEO of ParaZero. "We believe that intercepting a 70 mph threat represent a significant advancement for force protection in modern battlefields." DefendAir offers a non-explosive, low-collateral net-based interception and is available in multiple configurations: handheld, stationary point protection and drone-mounted – delivering layered defense for troops, convoys, and high-value assets. About ParaZero Technologies ParaZero Technologies Ltd. (Nasdaq: PRZO) is an aerospace defense company pioneering smart, autonomous solutions for the global manned and unmanned aerial systems (UAS) industry. Founded in 2014 by aviation professionals and drone industry veterans, ParaZero is a recognized leader in advanced drone technologies, supporting commercial, industrial, and governmental operations worldwide. The company’s product portfolio includes SafeAir, an autonomous parachute recovery system designed for aerial safety and regulatory compliance; DefendAir, a counter-UAS net-launching platform for protection against hostile drones in both battlefield and urban environments; and DropAir, a precision aerial delivery system. ParaZero’s mission is to redefine the boundaries of aerial operations with intelligent, mission-ready systems that enhance safety, scalability, and security. For more information, visit https://parazero.com. Forward-Looking Statements This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act and other securities laws. Words such as “expects,” “anticipates,” “intends,” “plans,” “believes,” “seeks,” “estimates” and similar expressions or variations of such words are intended to identify forward-looking statements. For example, ParaZero is using forward-looking statements when it discusses its belief that DefendAir intercepting a 70 mph threat represent a significant advancement for force protection in modern battlefields. Forward-looking statements are not historical facts, and are based upon management’s current expectations, beliefs and projections, many of which, by their nature, are inherently uncertain. Such expectations, beliefs and projections are expressed in good faith. However, there can be no assurance that management’s expectations, beliefs and projections will be achieved, and actual results may differ materially from what is expressed in or indicated by the forward-looking statements. Forward-looking statements are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in the forward-looking statements. For a more detailed description of the risks and uncertainties affecting the Company, reference is made to the Company’s reports filed from time to time with the Securities and Exchange Commission (“SEC”), including, but not limited to, the risks detailed in the Company’s Annual Report on Form 20-F filed with the SEC on March 21, 2025. Forward-looking statements speak only as of the date the statements are made. The Company assumes no obligation to update forward-looking statements to reflect actual results, subsequent events or circumstances, changes in assumptions or changes in other factors affecting forward-looking information except to the extent required by applicable securities laws. If the Company does update one or more forward-looking statements, no inference should be drawn that the Company will make additional updates with respect thereto or with respect to other forward-looking statements. References and links to websites have been provided as a convenience, and the information contained on such websites is not incorporated by reference into this press release. ParaZero is not responsible for the content of third-party websites. Investor Relations Contact: Michal Efraty Investor Relations [email protected]
Investor releaseQuarter not tagged2025-09-11ParaZero Delivers Perfect Results with Innovative Counter-Drone Net Solution in Israeli Trial Demonstration, Protecting Key Sites from Drone Threats
GlobeNewswire
ParaZero Delivers Perfect Results with Innovative Counter-Drone Net Solution in Israeli Trial Demonstration, Protecting Key Sites from Drone Threats
Kfar Saba, Israel, Sept. 11, 2025 (GLOBE NEWSWIRE) -- ParaZero Technologies Ltd. (Nasdaq: PRZO) (the “company” or “ParaZero”), an aerospace defense company pioneering smart, autonomous solutions for the global manned and unmanned aerial systems (UAS) industry, recently announced the successful completion of a field trial of its DefendAir Stationary Turret system with Israel’s homeland security authority. The trial demonstrated the system’s effectiveness in securing critical infrastructure and sensitive facilities with comprehensive 360-degree perimeter protection, presenting a compelling investment opportunity. The trial was conducted in real-life conditions in Israel and tested the DefendAir turret configuration ability to hostile drones using an advanced optical detection and tracking subsystem. The system achieved 100% interception success in the demonstration, proving its effectiveness in protecting critical infrastructures and sensitive sites. The turret configuration complements ParaZero’s existing portable, hand-held net gun configuration, expanding the company’s multi-layered defense portfolio with both mobile and stationary solutions ideal for defense and homeland security applications. ParaZero’s DefendAir Stationary Turret system is a next-generation counter-drone solution designed to safeguard critical infrastructure and sensitive facilities. The system combines advanced optical detection and tracking with an automated net-launching turret, enabling it to autonomously detect, track, and neutralize hostile drones across a full 360-degree perimeter. The DefendAir Stationary Turret expands the company’s multi-layered defense portfolio, offering governments, defense agencies, and operators of critical assets a reliable last-line of protection. About ParaZero Technologies ParaZero Technologies Ltd. (Nasdaq: PRZO) is an aerospace defense company pioneering smart, autonomous solutions for the global manned and unmanned aerial systems (UAS) industry. Founded in 2014 by aviation professionals and drone industry veterans, ParaZero is a recognized leader in advanced drone technologies, supporting commercial, industrial, and governmental operations worldwide. The company’s product portfolio includes SafeAir, an autonomous parachute recovery system designed for aerial safety and regulatory compliance; DefendAir, a counter-UAS net-launching platform for protec…Read full documentShow less
Kfar Saba, Israel, Sept. 11, 2025 (GLOBE NEWSWIRE) -- ParaZero Technologies Ltd. (Nasdaq: PRZO) (the “company” or “ParaZero”), an aerospace defense company pioneering smart, autonomous solutions for the global manned and unmanned aerial systems (UAS) industry, recently announced the successful completion of a field trial of its DefendAir Stationary Turret system with Israel’s homeland security authority. The trial demonstrated the system’s effectiveness in securing critical infrastructure and sensitive facilities with comprehensive 360-degree perimeter protection, presenting a compelling investment opportunity. The trial was conducted in real-life conditions in Israel and tested the DefendAir turret configuration ability to hostile drones using an advanced optical detection and tracking subsystem. The system achieved 100% interception success in the demonstration, proving its effectiveness in protecting critical infrastructures and sensitive sites. The turret configuration complements ParaZero’s existing portable, hand-held net gun configuration, expanding the company’s multi-layered defense portfolio with both mobile and stationary solutions ideal for defense and homeland security applications. ParaZero’s DefendAir Stationary Turret system is a next-generation counter-drone solution designed to safeguard critical infrastructure and sensitive facilities. The system combines advanced optical detection and tracking with an automated net-launching turret, enabling it to autonomously detect, track, and neutralize hostile drones across a full 360-degree perimeter. The DefendAir Stationary Turret expands the company’s multi-layered defense portfolio, offering governments, defense agencies, and operators of critical assets a reliable last-line of protection. About ParaZero Technologies ParaZero Technologies Ltd. (Nasdaq: PRZO) is an aerospace defense company pioneering smart, autonomous solutions for the global manned and unmanned aerial systems (UAS) industry. Founded in 2014 by aviation professionals and drone industry veterans, ParaZero is a recognized leader in advanced drone technologies, supporting commercial, industrial, and governmental operations worldwide. The company’s product portfolio includes SafeAir, an autonomous parachute recovery system designed for aerial safety and regulatory compliance; DefendAir, a counter-UAS net-launching platform for protection against hostile drones in both battlefield and urban environments; and DropAir, a precision aerial delivery system. ParaZero’s mission is to redefine the boundaries of aerial operations with intelligent, mission-ready systems that enhance safety, scalability, and security. For more information, visit https://parazero.com. Forward-Looking Statements This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act and other securities laws. Words such as “expects,” “anticipates,” “intends,” “plans,” “believes,” “seeks,” “estimates” and similar expressions or variations of such words are intended to identify forward-looking statements. Forward-looking statements are not historical facts, and are based upon management’s current expectations, beliefs and projections, many of which, by their nature, are inherently uncertain. Such expectations, beliefs and projections are expressed in good faith. However, there can be no assurance that management’s expectations, beliefs and projections will be achieved, and actual results may differ materially from what is expressed in or indicated by the forward-looking statements. Forward-looking statements are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in the forward-looking statements. For a more detailed description of the risks and uncertainties affecting the Company, reference is made to the Company’s reports filed from time to time with the Securities and Exchange Commission (“SEC”), including, but not limited to, the risks detailed in the Company’s Annual Report on Form 20-F filed with the SEC on March 21, 2025. Forward-looking statements speak only as of the date the statements are made. The Company assumes no obligation to update forward-looking statements to reflect actual results, subsequent events or circumstances, changes in assumptions or changes in other factors affecting forward-looking information except to the extent required by applicable securities laws. If the Company does update one or more forward-looking statements, no inference should be drawn that the Company will make additional updates with respect thereto or with respect to other forward-looking statements. References and links to websites have been provided as a convenience, and the information contained on such websites is not incorporated by reference into this press release. ParaZero is not responsible for the content of third-party websites. Investor Relations Contact: Michal Efraty Investor Relations [email protected]
Investor releaseQuarter not tagged2025-09-04ParaZero Technologies First Half 2025 Earnings: US$0.14 loss per share (vs US$0.18 loss in 1H 2024)
Simply Wall St.
ParaZero Technologies First Half 2025 Earnings: US$0.14 loss per share (vs US$0.18 loss in 1H 2024)
Revenue: US$358.0k (up 27% from 1H 2024). Net loss: US$2.30m (loss widened by 13% from 1H 2024). US$0.14 loss per share. Trump has pledged to "unleash" American oil and gas and these 15 US stocks have developments that are poised to benefit. All figures shown in the chart above are for the trailing 12 month (TTM) period ParaZero Technologies shares are down 4.4% from a week ago. Don't forget that there may still be risks. For instance, we've identified 5 warning signs for ParaZero Technologies (2 are concerning) you should be aware of. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Investor releaseQuarter not tagged2025-08-29ParaZero Announces First Half of 2025 Financial Results
GlobeNewswire
ParaZero Announces First Half of 2025 Financial Results
Sales increased by approximately 27% compared to the same period in 2024 KFAR SABA, Israel, Aug. 28, 2025 (GLOBE NEWSWIRE) -- ParaZero Technologies Ltd. (Nasdaq: PRZO) (the “company” or “ParaZero”), an aerospace defense company pioneering smart, autonomous solutions for the global manned and unmanned aerial systems (UAS) industry, reported today its financial results for the six months ended June 30, 2025. Key Highlights of ParaZero’s Achievements in the First Half of 2025 & Recent Updates: Financial and Corporate Updates: Sales increased by 26.6% to $357,979 for the six months ended June 30, 2025. ParaZero raised approximately $3.1 million and $2.2 million in gross proceeds from registered direct offerings in February 2025 and August 2025, respectively Appointed Ariel Alon, a senior UAV executive, as company's CEO. Counter-Drone Systems: ParaZero bolstered its counter-drone technology with approval from the Israeli Defense Export Controls Agency (DECA) under the Israeli Ministry of Defense approval to market DefendAir globally, targeting a high-growth market. Showcased DefendAir Hand-Held Net Launcher in two field tests with a select group of Israeli security and defense professionals, each demonstrating a 100% interception success rate, effectively neutralizing every fast-incoming multirotor drone threat in real-time scenarios. Conducted several field trials of updated configurations to provide solutions to different evolving drone threat scenarios, at the discretion of defense entities, which further strengthened its market position. The company quickly reshaped its strategy, technology, and IP assets to address one of the world's biggest commercial, homeland security, and defense challenges: the threats posed by drones. Airdrop Systems: Enhanced its portfolio with successful DropAir precise airdrop system tests for critical supply delivery. Integrated with military and several commercial drones, DropAir enabled rapid autonomous and accurate supply through drones in the most challenging terrains in general, and the supplement of blood transfusions in combat specifically, as shown in a defense demo. Progressed to Phase II with the Israeli Ministry of Defense, focusing on delivering pilot systems for implementation and additional operational testing in various scenarios. Secured global marketing approvals from DECA under the Israeli Ministry of Defense for…Read full documentShow less
Sales increased by approximately 27% compared to the same period in 2024 KFAR SABA, Israel, Aug. 28, 2025 (GLOBE NEWSWIRE) -- ParaZero Technologies Ltd. (Nasdaq: PRZO) (the “company” or “ParaZero”), an aerospace defense company pioneering smart, autonomous solutions for the global manned and unmanned aerial systems (UAS) industry, reported today its financial results for the six months ended June 30, 2025. Key Highlights of ParaZero’s Achievements in the First Half of 2025 & Recent Updates: Financial and Corporate Updates: Sales increased by 26.6% to $357,979 for the six months ended June 30, 2025. ParaZero raised approximately $3.1 million and $2.2 million in gross proceeds from registered direct offerings in February 2025 and August 2025, respectively Appointed Ariel Alon, a senior UAV executive, as company's CEO. Counter-Drone Systems: ParaZero bolstered its counter-drone technology with approval from the Israeli Defense Export Controls Agency (DECA) under the Israeli Ministry of Defense approval to market DefendAir globally, targeting a high-growth market. Showcased DefendAir Hand-Held Net Launcher in two field tests with a select group of Israeli security and defense professionals, each demonstrating a 100% interception success rate, effectively neutralizing every fast-incoming multirotor drone threat in real-time scenarios. Conducted several field trials of updated configurations to provide solutions to different evolving drone threat scenarios, at the discretion of defense entities, which further strengthened its market position. The company quickly reshaped its strategy, technology, and IP assets to address one of the world's biggest commercial, homeland security, and defense challenges: the threats posed by drones. Airdrop Systems: Enhanced its portfolio with successful DropAir precise airdrop system tests for critical supply delivery. Integrated with military and several commercial drones, DropAir enabled rapid autonomous and accurate supply through drones in the most challenging terrains in general, and the supplement of blood transfusions in combat specifically, as shown in a defense demo. Progressed to Phase II with the Israeli Ministry of Defense, focusing on delivering pilot systems for implementation and additional operational testing in various scenarios. Secured global marketing approvals from DECA under the Israeli Ministry of Defense for collaborations with Heven Drones and Stedicopter after full integration with their platforms. Ariel Alon, CEO of ParaZero, commented: "As the newly appointed CEO of ParaZero Technologies, I am thrilled to lead a company with such immense potential in the rapidly growing counter-drone and defense markets. We believe that our recent successes, including securing approvals from DECA under the Israeli Ministry of Defense for the global marketing of our DefendAir counter-UAS system and achieving a 100% interception rate in live field demonstrations, position us well at the forefront of a market projected to grow from USD 3.10 billion in 2025 to USD 12.24 billion by 2032, with a CAGR of 21.62%. Our advancements in precision airdrop systems like DropAir, coupled with our strategic partnerships, demonstrate our capability to deliver cutting-edge solutions. I see tremendous potential opportunities to drive innovation and capture market share in this dynamic, high-growth sector." First Half 2025 Financial Highlights: Sales totaled to $357,979 for the six months ended June 30, 2025, compared to $282,693 for the six months ended June 30, 2024. This increase was mainly attributed to the company shifting towards sales of newly developed products, mainly in the defense sector, and original equipment manufacturer integrations that contributed to a higher volume of sales rather than to the aftermarket segment. Cost of sales amounted to $431,888 for the six months ended June 30, 2025, compared to $209,529 for the six months ended June 30, 2024. The increase was mainly due to the increase in the volume of sales and product mix during the six months ended June 30, 2025, an inventory write-off and higher overhead costs and personnel related to the new lease for our corporate offices and headquarters. Research and development expenses for the six months ended June 30, 2025, amounted to $1,155,436, compared to $662,440 for the six months ended June 30, 2024. The increase resulted mainly from labor costs due to the increased number of employees and contractors’ costs. Selling and marketing expenses totaled $752,420 for the six months ended June 30, 2025, compared to $516,401 for the six months ended June 30, 2024. The increase resulted mainly from labor costs and marketing services, accompanied by an increase in travel and conferences participation costs. General and administrative expenses totaled $1,670,513 for the six months ended June 30, 2025, compared to $1,122,759 for the six months ended June 30, 2024. The increase resulted mainly from non-cash expenses related to grants pursuant to our equity incentive plan and certain filing services. Comprehensive and net loss amounted to $2,295,955 for the six months ended June 30, 2025, compared to a net loss of $2,026,094 for the six months ended June 30, 2024. The increase was the result of changes in fair value of derivative warrant liabilities, along with an increase in expenses related to grants pursuant to our equity incentive plan along with an increase of operating expenses, as described above. Net loss per share for the six months of 2025 was $0.14 compared to net loss per share of $0.19 for the six months ended June 30, 2024. As of June 30, 2025, the Company’s cash, cash equivalents and short-term deposits were $4.86 million and approximately $6.2 million as of August 27, 2025. About ParaZero Technologies ParaZero Technologies Ltd. (Nasdaq: PRZO) is an aerospace defense company pioneering smart, autonomous solutions for the global manned and unmanned aerial systems (UAS) industry. Founded in 2014 by aviation professionals and drone industry veterans, ParaZero is a recognized leader in advanced drone technologies, supporting commercial, industrial, and governmental operations worldwide. The company’s product portfolio includes SafeAir, an autonomous parachute recovery system designed for aerial safety and regulatory compliance; DefendAir, a counter-UAS net-launching platform for protection against hostile drones in both battlefield and urban environments; and DropAir, a precision aerial delivery system. ParaZero’s mission is to redefine the boundaries of aerial operations with intelligent, mission-ready systems that enhance safety, scalability, and security. For more information, visit https://parazero.com. Forward-Looking Statements This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act and other securities laws. Words such as “expects,” “anticipates,” “intends,” “plans,” “believes,” “seeks,” “estimates” and similar expressions or variations of such words are intended to identify forward-looking statements. For example, ParaZero is using forward-looking statements when it discusses the potential of the company, the rapidly growing counter-drone and defense markets, it belief that its recent successes position it to be at the forefront of the growth in the global anti-drone market and its potential opportunities to drive innovation and capture market share. Forward-looking statements are not historical facts, and are based upon management’s current expectations, beliefs and projections, many of which, by their nature, are inherently uncertain. Such expectations, beliefs and projections are expressed in good faith. However, there can be no assurance that management’s expectations, beliefs and projections will be achieved, and actual results may differ materially from what is expressed in or indicated by the forward-looking statements. Forward-looking statements are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in the forward-looking statements. For a more detailed description of the risks and uncertainties affecting the Company, reference is made to the Company’s reports filed from time to time with the Securities and Exchange Commission (“SEC”), including, but not limited to, the risks detailed in the Company’s Annual Report on Form 20-F filed with the SEC on March 21, 2025. Forward-looking statements speak only as of the date the statements are made. The Company assumes no obligation to update forward-looking statements to reflect actual results, subsequent events or circumstances, changes in assumptions or changes in other factors affecting forward-looking information except to the extent required by applicable securities laws. If the Company does update one or more forward-looking statements, no inference should be drawn that the Company will make additional updates with respect thereto or with respect to other forward-looking statements. References and links to websites have been provided as a convenience, and the information contained on such websites is not incorporated by reference into this press release. ParaZero is not responsible for the content of third-party websites. Investor Relations Contact: Michal Efraty Investor Relations [email protected]
Investor releaseQuarter not tagged2025-08-04ParaZero Announces Preliminary Unaudited Results for the First Six Months of 2025
GlobeNewswire
ParaZero Announces Preliminary Unaudited Results for the First Six Months of 2025
Kfar Saba, Israel, Aug. 04, 2025 (GLOBE NEWSWIRE) -- ParaZero Technologies Ltd. (Nasdaq: PRZO) (the “company” or “ParaZero”), an aerospace defense company pioneering smart, autonomous solutions for the global manned and unmanned aerial systems (UAS) industry, today announces preliminary unaudited results for the six months ended June 30, 2025. The Company’s revenues for the six months ended June 30, 2025, are expected to amount to approximately $350,000 compared to $283,000 for the six months ended June 30, 2024. As of June 30, 2025, the Company had cash and cash equivalents of approximately $4.8 million, compared to approximately $5.3 million on June 30, 2024. This unaudited preliminary and partial financial information regarding revenues for the six months ended June 30, 2025, is based upon the Company’s estimates and is subject to completion of its financial closing procedures. Moreover, this financial information has been prepared solely on the basis of currently available information. The Company’s independent registered public accounting firm has not audited, reviewed or performed any procedures with respect to such preliminary information or the accounting treatment thereof and does not express an opinion or any other form of assurance with respect thereto. This preliminary and partial financial information is not a comprehensive statement of the Company’s financial results for this period. About ParaZero Technologies ParaZero Technologies Ltd. (Nasdaq: PRZO) is an aerospace defense company pioneering smart, autonomous solutions for the global manned and unmanned aerial systems (UAS) industry. Founded in 2014 by aviation professionals and drone industry veterans, ParaZero is a recognized leader in advanced drone technologies, supporting commercial, industrial, and governmental operations worldwide. The company’s product portfolio includes SafeAir, an autonomous parachute recovery system designed for aerial safety and regulatory compliance; DefendAir, a counter-UAS net-launching platform for protection against hostile drones in both battlefield and urban environments; and DropAir, a precision aerial delivery system. ParaZero’s mission is to redefine the boundaries of aerial operations with intelligent, mission-ready systems that enhance safety, scalability, and security. For more information, visit https://parazero.com. Forward-Looking Statements This…Read full documentShow less
Kfar Saba, Israel, Aug. 04, 2025 (GLOBE NEWSWIRE) -- ParaZero Technologies Ltd. (Nasdaq: PRZO) (the “company” or “ParaZero”), an aerospace defense company pioneering smart, autonomous solutions for the global manned and unmanned aerial systems (UAS) industry, today announces preliminary unaudited results for the six months ended June 30, 2025. The Company’s revenues for the six months ended June 30, 2025, are expected to amount to approximately $350,000 compared to $283,000 for the six months ended June 30, 2024. As of June 30, 2025, the Company had cash and cash equivalents of approximately $4.8 million, compared to approximately $5.3 million on June 30, 2024. This unaudited preliminary and partial financial information regarding revenues for the six months ended June 30, 2025, is based upon the Company’s estimates and is subject to completion of its financial closing procedures. Moreover, this financial information has been prepared solely on the basis of currently available information. The Company’s independent registered public accounting firm has not audited, reviewed or performed any procedures with respect to such preliminary information or the accounting treatment thereof and does not express an opinion or any other form of assurance with respect thereto. This preliminary and partial financial information is not a comprehensive statement of the Company’s financial results for this period. About ParaZero Technologies ParaZero Technologies Ltd. (Nasdaq: PRZO) is an aerospace defense company pioneering smart, autonomous solutions for the global manned and unmanned aerial systems (UAS) industry. Founded in 2014 by aviation professionals and drone industry veterans, ParaZero is a recognized leader in advanced drone technologies, supporting commercial, industrial, and governmental operations worldwide. The company’s product portfolio includes SafeAir, an autonomous parachute recovery system designed for aerial safety and regulatory compliance; DefendAir, a counter-UAS net-launching platform for protection against hostile drones in both battlefield and urban environments; and DropAir, a precision aerial delivery system. ParaZero’s mission is to redefine the boundaries of aerial operations with intelligent, mission-ready systems that enhance safety, scalability, and security. For more information, visit https://parazero.com. Forward-Looking Statements This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act and other securities laws. Words such as “expects,” “anticipates,” “intends,” “plans,” “believes,” “seeks,” “estimates” and similar expressions or variations of such words are intended to identify forward-looking statements. For example, ParaZero is using forward-looking statements when it discusses its estimated revenue for the six months ended June 30, 2025. Such unaudited results described in this press release are subject to adjustment resulting from the Company’s completion of its internal financial accounting procedures, as well as the audit of the Company’s financial statements by its independent registered public accounting firm. Forward-looking statements are not historical facts, and are based upon management’s current expectations, beliefs and projections, many of which, by their nature, are inherently uncertain. Such expectations, beliefs and projections are expressed in good faith. However, there can be no assurance that management’s expectations, beliefs and projections will be achieved, and actual results may differ materially from what is expressed in or indicated by the forward-looking statements. Forward-looking statements are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in the forward-looking statements. For a more detailed description of the risks and uncertainties affecting the Company, reference is made to the Company’s reports filed from time to time with the Securities and Exchange Commission (“SEC”), including, but not limited to, the risks detailed in the Company’s Annual Report on Form 20-F filed with the SEC on March 21, 2025. Forward-looking statements speak only as of the date the statements are made. The Company assumes no obligation to update forward-looking statements to reflect actual results, subsequent events or circumstances, changes in assumptions or changes in other factors affecting forward-looking information except to the extent required by applicable securities laws. If the Company does update one or more forward-looking statements, no inference should be drawn that the Company will make additional updates with respect thereto or with respect to other forward-looking statements. References and links to websites have been provided as a convenience, and the information contained on such websites is not incorporated by reference into this press release. ParaZero is not responsible for the content of third-party websites. Investor Relations Contact: Michal Efraty Investor Relations [email protected]
Investor releaseQuarter not tagged2025-03-22ParaZero Announces 2024 Financial Results
GlobeNewswire
ParaZero Announces 2024 Financial Results
TEL AVIV, Israel, March 21, 2025 (GLOBE NEWSWIRE) -- ParaZero Technologies Ltd. (Nasdaq: PRZO) (the “company” or “ParaZero”), an aerospace company focused on safety systems for commercial unmanned aircrafts and defense Counter UAS systems, reported today its financial results for year ended December 31, 2024. Key Highlights of ParaZero’s Achievements in 2024 & Recent Highlights: Sales increased by 50.2% to $932,154 for the year ended December 31, 2024, mainly thanks to shifting towards sales to OEM integrations, which couples with recuring revenues in addition to the traditional aftermarket segment. Since the beginning of 2025, the Company has significantly strengthened its cash position by completing a registered direct offering of aggregate gross proceeds of approximately $3.1 million, in addition to receiving $1.3 million in proceeds from warrant exercises. Expanded operations in the defense sector & Recent Highlights: During 2024, the company enhanced its penetration to the defense market with new developments and collaborations. The company launched its DropAir - Precision Airdrop System for rapid delivery of blood transfusions in high-risk operational zones. ParaZero successfully tested the system in collaboration with a leading drone company and moved forward to phase II of the project with Israeli Ministry of Defense. The company continued to advance its Counter-Unmanned Aerial Systems (C-UAS) solution, securing new orders, including from a Tier-1 defense customer. Both systems gained approvals from the Israeli Defense Export Controls Agency (DECA), under the Israel Ministry of Defense (MOD). Commercial developments: ParaZero continued to establish its position as a leader in safety systems for urban mobility and aerial vehicles. The company launched number of new collaborations that led to new orders, including a $187,000 purchase order from a U.S.-based Advanced Air Mobility (AAM) company. In addition, it successfully delivered a special drone safety system project for a leading Fortune 500 automotive manufacturer as part of the customer's proprietary drone program. ParaZero received a significant order from a leading Australian distributor, strengthening its presence in Australia. ParaZero announced its expansion in the U.S. through collaboration with one of North America’s largest drone distributors, Drone Nerds, to promote and sell ParaZero’s pr…Read full documentShow less
TEL AVIV, Israel, March 21, 2025 (GLOBE NEWSWIRE) -- ParaZero Technologies Ltd. (Nasdaq: PRZO) (the “company” or “ParaZero”), an aerospace company focused on safety systems for commercial unmanned aircrafts and defense Counter UAS systems, reported today its financial results for year ended December 31, 2024. Key Highlights of ParaZero’s Achievements in 2024 & Recent Highlights: Sales increased by 50.2% to $932,154 for the year ended December 31, 2024, mainly thanks to shifting towards sales to OEM integrations, which couples with recuring revenues in addition to the traditional aftermarket segment. Since the beginning of 2025, the Company has significantly strengthened its cash position by completing a registered direct offering of aggregate gross proceeds of approximately $3.1 million, in addition to receiving $1.3 million in proceeds from warrant exercises. Expanded operations in the defense sector & Recent Highlights: During 2024, the company enhanced its penetration to the defense market with new developments and collaborations. The company launched its DropAir - Precision Airdrop System for rapid delivery of blood transfusions in high-risk operational zones. ParaZero successfully tested the system in collaboration with a leading drone company and moved forward to phase II of the project with Israeli Ministry of Defense. The company continued to advance its Counter-Unmanned Aerial Systems (C-UAS) solution, securing new orders, including from a Tier-1 defense customer. Both systems gained approvals from the Israeli Defense Export Controls Agency (DECA), under the Israel Ministry of Defense (MOD). Commercial developments: ParaZero continued to establish its position as a leader in safety systems for urban mobility and aerial vehicles. The company launched number of new collaborations that led to new orders, including a $187,000 purchase order from a U.S.-based Advanced Air Mobility (AAM) company. In addition, it successfully delivered a special drone safety system project for a leading Fortune 500 automotive manufacturer as part of the customer's proprietary drone program. ParaZero received a significant order from a leading Australian distributor, strengthening its presence in Australia. ParaZero announced its expansion in the U.S. through collaboration with one of North America’s largest drone distributors, Drone Nerds, to promote and sell ParaZero’s products. Regulatory approval: The Company continues to facilitate its customers in achieving regulatory approvals for their operations as well as securing new approvals for its solutions. ParaZero received the prestigious Design Verification Report (DVR) approval from the European Union Aviation Safety Agency (EASA) for its SafeAir M-300 Pro and SafeAir M-350 Pro parachute safety kits. Its SafeAir systems, integrated with the DJI Matrice 350, DJI Mavic 3T and DJI Mavic 3E, have successfully achieved CE Class C5 compliance. The company also announced that a leading drone solutions provider, utilizing ParaZero’s advanced safety technology, secured a Federal Aviation Administration (FAA) waiver to conduct Beyond Visual Line of Sight (BVLOS) drone operations. “2024 was a year of advancements for ParaZero, as recent geopolitical events have demonstrated the growing reliance on drones in modern warfare, both as offensive tools and as critical assets for delivering essential supplies in high-risk operational zones. At ParaZero, we have spent over a decade developing and refining our innovative, patent-protected technologies to address these evolving threats,” stated Boaz Shetzer, CEO of ParaZero. “I am proud of the company’s ability to successfully translate our innovation to meet the new needs of our customers and the market.” Shetzer added, “Our commitment to enhancing operational efficiency and safety is evident in our recent accomplishments, including strategic collaborations in the defense, urban mobility and aerial vehicle sectors, the successful advancement of our new DropAir Precision Airdrop System, the late-stage development of our C-UAS solution and our leadership in regulatory achievements.” Full Year 2024 Financial Highlights: Sales increased by $311,646, or 50.2%, to $932,154 for the year ended December 31, 2024, compared to $620,508 for the year ended December 31, 2023. This increase was mainly attributed to that fact, that the company shifted towards sales to OEMs integrations that contributed to a higher volume of sales rather than to the aftermarket segment. This shift is accompanied with recuring revenues. Cost of sales increased by $397,251, or 83.3%, to $873,861 for the year ended December 31, 2024, compared to $476,610 for the year ended December 31, 2023. The increase was mainly due to the increase in the volume of sales during the year ended December 31, 2024 and an inventory write off of approximately $114,680 Research and development expenses increased by $1,506,552, or 237%, to $2,143,353 for the year ended December 31, 2024, compared to $636,801 for the year ended December 31, 2023. The increase resulted mainly from labor costs of $843,881 accompanied an increase in by materials and experiments costs of $386,839. Sales and marketing expenses increased by $593,099, or 121.6%, to $1,081,003 for the year ended December 31, 2024, compared to $487,904 for the year ended December 31, 2023. The increase resulted mainly from labor, professional services and more subcontractors’ costs of $449,788 accompanied an increase in by travel and conferences participation costs of $122,288. General and administrative expenses increased by $927,128, or 62.9%, to $2,400,000 for the year ended December 31, 2024, compared to $1,472,872 for the year ended December 31, 2023. The increase resulted mainly from professional services rendered after the IPO and costs associated with becoming a public company. Other finance income, net was $200,724 for the year ended December 31, 2024, compared to finance income, net of $210,675 for the year ended December 31, 2023. Other finance income, net, primarily includes income from interest on deposits and exchange rate differences. Net loss and comprehensive loss increased by $7,282,851, or 193%, to $11,054,230 for the year ended December 31, 2024, compared to a net loss of $3,771,379 for the year ended December 31, 2023. The increase was the result of an increase of mainly a non-cash item, changes in fair value of derivative warrant liabilities, along with an increase in operating expenses, as described above. The loss per share in 2024, was $0.99 compared to net loss per share of $0.77 in 2023. As of December 31, 2024, the company’s cash and cash equivalents was approximately $4.2 million and the company’s total shareholders’ deficit was approximately $0.3 million. As a result of the warrant exercise and registered direct offering in January 2025 and February 2025, and as of the date of this current report, the Company believes it has stockholders’ equity of $3.6 million. A copy of ParaZero’s annual report on Form 20-F for the year ended December 31, 2024 has been filed with the U.S. Securities and Exchange Commission at https://www.sec.gov/ and posted on ParaZero’s investor relations website at https://parazero.com/investor-relations/. ParaZero will deliver a hard copy of its annual report, including its complete audited consolidated financial statements, free of charge, to its shareholders upon request at [email protected]. About ParaZero Technologies ParaZero (Nasdaq: PRZO) is an aerospace company focused on drone safety systems for defense and commercial drones and urban air mobility aircraft. Started in 2014 by a passionate group of aviation professionals and drone industry veterans, ParaZero designs smart, autonomous parachute safety systems designed to enable safe flight operations over populated areas and beyond-visual-line-of-sight (BVLOS) as well as for various military applications including Counter UAS. For more information about ParaZero, please visit https://parazero.com/ Forward-Looking Statements This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act and other securities laws. Words such as “expects,” “anticipates,” “intends,” “plans,” “believes,” “seeks,” “estimates” and similar expressions or variations of such words are intended to identify forward-looking statements. Forward-looking statements are not historical facts, and are based upon management’s current expectations, beliefs and projections, many of which, by their nature, are inherently uncertain. Such expectations, beliefs and projections are expressed in good faith. However, there can be no assurance that management’s expectations, beliefs and projections will be achieved, and actual results may differ materially from what is expressed in or indicated by the forward-looking statements. Forward-looking statements are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in the forward-looking statements. For a more detailed description of the risks and uncertainties affecting the Company, reference is made to the Company’s reports filed from time to time with the Securities and Exchange Commission (“SEC”), including, but not limited to, the risks detailed in the Company’s Annual Report on Form 20-F filed with the SEC on March 21, 2025. Forward-looking statements speak only as of the date the statements are made. The Company assumes no obligation to update forward-looking statements to reflect actual results, subsequent events or circumstances, changes in assumptions or changes in other factors affecting forward-looking information except to the extent required by applicable securities laws. If the Company does update one or more forward-looking statements, no inference should be drawn that the Company will make additional updates with respect thereto or with respect to other forward-looking statements. References and links to websites have been provided as a convenience, and the information contained on such websites is not incorporated by reference into this press release. ParaZero is not responsible for the content of third-party websites. Investor Relations Contact: Michal Efraty Investor Relations [email protected] ParaZero Technologies Ltd. | 30 Dov Hoz, Kiryat Ono, Israel 5555626 P: +972-36885252 | E: [email protected] | F: +972-3-688-5246

