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Safe Pro Reports Record 560% Revenue Growth in First Quarter as Artificial Intelligence Sales Surge 2,400%, Delivering AI Gross Margins Over 72%
AVENTURA, Fla., May 15, 2026 (GLOBE NEWSWIRE) -- Safe Pro Group Inc. (Nasdaq: SPAI) (Safe Pro or ...
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[{"type":"text","content":"Safe Pro Reports Record 560% Revenue Growth in First Quarter as Artificial Intelligence Sales Surge 2,400%, Delivering AI Gross Margins Over 72%Increased Government Sales Pipeline Driving Momentum Following Successful U.S. Army Exercises and Demonstrations in Q1\nAVENTURA, 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 acquisit...