SPAI

Increased Government Sales Pipeline Driving Momentum Following Successful U.S. Army Exercises and Demonstrations in Q1 AVENTURA, Fla., May 15, 2026 (GLOBE NEWSWIRE) -- Safe Pro Group Inc. (Nasdaq: SPAI) (Safe Pro or the Company), a developer of artificial intelligence (AI)-enabled defense, security, and situational awareness solutions, today announced financial results for the quarter ended March 31, 2026 reflecting the significant impact of a recently commercialized AI-powered Edge compute solution subcontract. First Quarter 2026 Financial and Recent Operational Highlights Include: Record Revenue Growth and High Margins Driven by AI Product Sales Record quarterly revenue of $1,220,129 represents a 560% increase over $184,802 reported in the first quarter of 2025. Safe Pro AI quarterly revenue surged over 2,400%, driven by new contracted sales of the Company’s AI-powered drone-based video and imagery analysis systems. Quarterly consolidated gross margins were more than 68% inclusive of depreciation validating Safe Pro’s highly scalable AI-powered business model. To date, the Company has repurchased 400,000 shares of its common stock under its existing stock repurchase program. The Company ended the quarter maintaining a strong balance sheet with $14.8 million in cash and minimal debt. NODE and NODE-X Edge Processing Solution Drives New Levels of Battlefield Situational Awareness During the quarter the Company received, produced, and delivered multiple Edge processing systems under a $1,000,000 government subcontract, demonstrating its ability to rapidly scale production to meet customer demand. In April, through a contract modification, the subcontract was expanded to provide AI powered Edge processing system support. Interest in the Company’s Navigation, Observation & Detection Engine (NODE) and newly introduced NODE-X miniaturized Edge processing solution continues to grow after successfully completing multiple live fire exercises and demonstrations conducted by the U.S. Army. Participation in these invite-only events provides the Company with opportunities to directly engage with defense sector decisionmakers who can provide a pathway to potential product acquisition and deployment. Expanded Leadership and Government Growth Team Accelerating U.S. Army Engagement and Contract Capture Activities In response to growing requests for product demonstration and...

Net Revenue of $29.8 Million GAAP EPS of ($0.03) Non-GAAP EPS of $0.04 Increases FY26 Drone Revenue Expectation to a range of $8 Million-$12 Million, up from the prior range of $5 Million-$10 Million IRVINE, Calif., Feb. 04, 2026 (GLOBE NEWSWIRE) -- Lantronix Inc. (Nasdaq: LTRX), a global leader in compute and connectivity IoT solutions powering Edge AI applications, today reported results for the fiscal second quarter ended Dec. 31, 2025. Management Commentary “We continued our momentum into the second quarter through disciplined execution, delivering financial results within our guidance range,” said Saleel Awsare, president and CEO of Lantronix. “Execution across our Edge AI strategy continued to strengthen during Q2, with several customer programs advancing from development and pilot phases into initial production and deployment.” Lantronix experienced particularly strong momentum in the unmanned systems industry where sequential growth in drones reflected deeper customer engagement and expansion in program scope as OEMs increased reliance on Lantronix technology across defense and autonomous applications. As these programs move further into execution, Lantronix’s position increasingly operates as a platform partner rather than a component supplier, supporting longer-duration engagements with attractive lifetime value. Additionally, the Company is encouraged to see many of its partners and customers included in the Department of War’s recently announced initial slate of vendors for its Drone Dominance initiative, underscoring the relevance of its platform within the evolving defense ecosystem. “Convergence around our Edge AI platform is enabling us to scale efficiently across drones, critical infrastructure monitoring and enterprise connectivity while simultaneously strengthening customer relationships and improving operating leverage,” added Awsare. “We remain disciplined and well-positioned to meet accelerating demand in our core markets and are confident that our platform-led strategy and growing execution cadence will continue to drive profitable growth.” Q2 FY2026 Financial Results Net Revenue: $29.8 million GAAP EPS: ($0.03) Non-GAAP EPS: $0.04 Cash and Cash Equivalents: $23.0 million Q2 FY2026 and Recent Business Highlights Lantronix Q2 FY2026 new partnerships and product highlights include: Partnered with Trillium Engineering to power gimbaled im...

SAN JUAN, Puerto Rico, Nov. 13, 2025 (GLOBE NEWSWIRE) -- Red Cat Holdings, Inc. (Nasdaq: RCAT) ("Red Cat" or the "Company"), a U.S.-based provider of advanced all-domain drone and robotic solutions for defense and national security, reports its financial results for the third quarter ended September 30, 2025. Business and Financial Highlights Q3 quarterly revenue grew 646% year over year and 200% over the prior quarter to $9.6 million, beating consensus expectations. Update on the U.S. Army’s SRR UAS Tranche 2 (T2) Program: The Limited Rate Production (LRIP) Tranche 2 contract, signed in July 2025, has been expanded and is now valued at approximately $35 million. 2025 annual revenue guidance updated to between $34.5 - $37.5 million, Q4 revenue guided to between $20 -$23 million. $212.5 million of cash and accounts receivable at the end of Q3. Launched Maritime Division, Blue Ops: Red Cat’s new division focused on delivering and further developing a family of battle proven uncrewed surface vessel (USV) weapons systems. Blue Ops opened a 155,000 square foot facility in GA with manufacturing capacity of more than 500 vessels per year. 2x expansion of manufacturing space in Salt Lake City (Teal) and Los Angeles (FlightWave) facilities. Teal and FlightWave have recently expanded their manufacturing capacity through new and expanded leased facilities. “Our record-breaking third quarter revenue and the expansion of our contract with the U.S. Army clearly demonstrates the accelerating adoption of our specialized solutions within the defense and national security sectors,” said Jeff Thompson, CEO of Red Cat. “We are seeing significant returns on our focused strategy, with our products being validated by major government agencies and NATO allies and necessitating the recent 2x expansion of our drone manufacturing facilities. This expansion allows us to deliver speed and volume at scale to the Department of War and U.S. Allies through FMS (Foreign Military Sales). Also, the recent launch of our USV division, Blue Ops, and the lease of our 155,000 sq foot vessel building facility positions us to be the leader of delivering critical unmanned systems for use over land and sea.” “Our financial performance this quarter demonstrates the operational leverage and discipline as we effectively scale to meet surging demand. We have substantially improved our balance sheet to be a...

Record quarterly revenue of $10.1 million in Q3; a more than 6-fold increase YoY and 60% growth QoQ With a pro-forma cash balance of $840.4 million, we believe Ondas has one of the strongest balance sheets in the industry Ondas is effectively deploying capital through acquisitions and investments highlighted by Sentrycs, Apeiro Motion, 4M Defense, and Rift Dynamics 2025 revenue target increased to at least $36 million; establishing preliminary revenue target of at least $110 million for 2026 Conference Call Scheduled for Today at 8:30 a.m. ET BOSTON, MA / ACCESS Newswire / November 13, 2025 / Ondas Holdings Inc. (NASDAQ:ONDS) ("Ondas" or the "Company"), a leading provider of autonomous aerial and ground robot intelligence through its Ondas Autonomous Systems (OAS) business unit and private wireless solutions through Ondas Networks, reported financial and operating results for the third quarter ended September 30, 2025. "Ondas delivered a record quarter with $10.1 million in revenue, highlighted by sustained growth momentum at OAS amid a powerful demand cycle for our unmanned platforms," said Eric Brock, Chairman and CEO of Ondas Holdings. "I continue to be pleased with the execution of our core growth plan, led by our Iron Drone Raider and Optimus System platforms, and supported by the expansion of our senior leadership team at OAS which is helping to ensure we have the scalable infrastructure to sustain rapid growth in the years ahead. At the same time, our strategic program continues to advance, creating a deep and maturing pipeline of opportunities for the quarters and years ahead." "Our strategic growth plan is advancing and is benefiting from strong investor support as evidenced by the significant capital we've raised since June. Our pipeline is expanding and rapidly maturing, highlighted by the acquisition of Sentrycs scheduled to close this month, which we believe will strengthen our layered counter-UAS capabilities, and the acquisition of Apeiro Motion, which establishes a strong initial position in ground robotics tailored for defense and critical infrastructure markets. Similarly, the acquisition of 4M Defense adds a multi-domain robotics and ISR capability, opening a large subsurface intelligence and demining market with significant unmet demand that is now being addressed by OAS." "We believe these newly acquired companies bring exceptional platf...

Explore Safe Pro Group's Fair Values from the Community and select yours Revenue: US$92.8k (down 86% from 2Q 2024). Net loss: US$1.91m (loss widened by 58% from 2Q 2024). US$0.13 loss per share. This technology could replace computers: discover the 20 stocks are working to make quantum computing a reality. All figures shown in the chart above are for the trailing 12 month (TTM) period Looking ahead, revenue is forecast to grow 139% p.a. on average during the next 2 years, compared to a 8.0% growth forecast for the Aerospace & Defense industry in the US. Performance of the American Aerospace & Defense industry. The company's shares are down 7.2% from a week ago. Don't forget that there may still be risks. For instance, we've identified 5 warning signs for Safe Pro Group (2 shouldn't be ignored) 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.

Company Gains Traction in Defense and National Security Sector for its Patented Safe Pro Object Threat Detection (SPOTD) Technology for Battlespace Awareness AVENTURA, Fla., May 15, 2025--(BUSINESS WIRE)--Safe Pro Group Inc. (Nasdaq: SPAI) ("Safe Pro" or the "Company"), a leading provider of artificial intelligence (AI)-driven security solutions, today provided a first quarter 2025 corporate update. "Q1 2025 marked the beginning of a transformative phase for Safe Pro Group as we gained meaningful traction with U.S. government stakeholders. Interest in our Safe Pro Object Threat Detection platform has accelerated, resulting in multiple joint bid preparations alongside leading Department of Defense prime contractors. This development directly aligns us with the Defense Department’s proposed multi-billion-dollar initiative to expand drone deployment across the armed forces. With over two years of proven, battle-tested performance, we believe Safe Pro is uniquely positioned to capture a significant share of this emerging defense technology market while advancing our role in next-generation threat detection and battlefield modernization," said Dan Erdberg, Chairman and CEO of Safe Pro Group Inc. The Evolving Battlefield Requires New Threat Detection Technologies As current conflicts like the war in Ukraine have shown, the future battlefield will be shaped by the increasing usage of lethal small drone threats, landmines, anti-personnel devices, and cluster munitions. Whether related to new battlefield tactics such as remote mining where drones are strategically delivering small mines or the result of countries exiting the Ottawa Convention on anti-personnel landmines, the result will certainly lead to an increased proliferation of deadly explosive threats. The Company believes these trends are increasingly being recognized by today’s military leadership and has high confidence in the capabilities of its Safe Pro Object Threat Detection (SPOTD) technology which is purpose-built for this evolving environment — leveraging drone-collected visual data to pin-point potential threats in real-time, providing soldiers of today, and in the future, with potentially life-saving domain awareness. Setting the Agenda for Domain Awareness on the Future Battlefield During the first quarter, the Company’s team successfully completed a series of high-level briefings with key officia...

SpotlightAI™ Drastically Increases Efficiency in Analyzing a 70 Hectare Plot of Farmland Contaminated by Explosives Supporting the Restoration of Ukraine’s Vital Agricultural Production AVENTURA, Fla., April 29, 2025--(BUSINESS WIRE)--Safe Pro Group Inc. (Nasdaq: SPAI) ("Safe Pro" or the "Company"), a leading provider of artificial intelligence (AI)-driven security solutions, today announced the completion of its single largest drone-based agricultural survey reaching a new milestone in partnership with NIBULON Ltd., Ukraine’s leading grain exporter and agricultural organization. The project leveraged Safe Pro’s patented SpotlightAI™ artificial intelligence platform running on Amazon Web Services (AWS) Cloud infrastructure to rapidly analyze 70 hectares of farmland contaminated by explosive threats—achieving a 366x increase in efficiency compared to traditional human analysis. Key Highlights: 40,309 photos analyzed by AI for deadly explosive threats by SpotlightAI™ with over 77 confirmed detections SpotlightAI™ performed 366x faster in locating detections using AI-powered image analysis vs. human-based image analysis of individual images (estimated at 3 minutes per image) AI-assisted analysis powered by AWS hypercompute completed analysis in 5.5 hours (including human quality control) in comparison to an estimated 252 workdays (8hrs./day) if performed by a human analyst 70 hectares (larger than 52 NFL-sized football fields) of farmland surveyed by commercially available, off-the-shelf drones in less than 8 hours This milestone marks one of the largest agricultural drone-based demining projects ever completed using AI technology, positioning Safe Pro Group at the forefront of the emerging global demining technology market. The completed survey is the latest strategic development in Safe Pro’s multi-year Memorandum of Understanding (MOU) with NIBULON and underpins the growth opportunity for SpotlightAI™ in helping restore Ukraine’s massive contaminated farmland—a key driver for its national economic recovery and global food security. "The impressive results of our largest survey project with NIBULON clearly demonstrates SpotlightAI™’s disruptive potential to transform humanitarian demining, agricultural restoration, and infrastructure rebuilding in Ukraine and in other post-conflict zones worldwide," said Dan Erdberg, Chairman and CEO of Safe Pro Group Inc. "W...

Revenue: US$2.17m (up 136% from FY 2023). Net loss: US$7.43m (loss widened by 18% from FY 2023). US$0.70 loss per share. AI is about to change healthcare. These 20 stocks are working on everything from early diagnostics to drug discovery. The best part - they are all under $10bn in marketcap - there is still time to get in early. All figures shown in the chart above are for the trailing 12 month (TTM) period Safe Pro Group shares are down 26% from a week ago. Before we wrap up, we've discovered 4 warning signs for Safe Pro Group (2 are a bit concerning!) that 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.