Form 8-K
8-K — Safe Pro Group Inc.
Accession: 0001493152-26-023366
Filed: 2026-05-15
Period: 2026-05-15
CIK: 0002011208
SIC: 3842 (ORTHOPEDIC, PROSTHETIC & SURGICAL APPLIANCES & SUPPLIES)
Item: Results of Operations and Financial Condition
Item: Financial Statements and Exhibits
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UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
8-K
CURRENT
REPORT
Pursuant
to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date
of Report (Date of earliest event reported): May 15, 2026
Safe
Pro Group Inc.
(Exact
name of Registrant as specified in its Charter)
Delaware
001-42261
87-4227079
(State
or other jurisdiction
(Commission
(IRS
Employer
of
incorporation)
File
No.)
Identification
No.)
18305
Biscayne Blvd., Suite 222
Aventura,
Florida 33160
(Address
of principal executive offices)
Registrant’s
Telephone Number, including area code: (786) 409-4030
Check
the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under
any of the following provisions (see General Instruction A.2.):
☐
Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐
Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐
Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐
Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Indicate
by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405
of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).
Emerging
growth company ☒
If
an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying
with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Securities
registered pursuant to Section 12(b) of the Act:
Title
of each class
Trading
Symbol(s)
Name
of each exchange on which registered
Common
Stock, par value $0.0001
SPAI
The
NASDAQ Stock Market LLC
Item 2.02 Results of Operations and Financial Condition.
On
May 15, 2026, Safe Pro Group Inc. (the “Company”) issued a press release announcing its financial results for the quarter
ended March 31, 2026 and recent operational updates. A copy of the press release is furnished as Exhibit 99.1 to this Current Report
on Form 8-K and is incorporated by reference into this Item 2.02.
The
information furnished under this Item 2.02, including Exhibit 99.1, shall not be deemed “filed” for purposes of Section 18
of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated
by reference into any filing under the Securities Act of 1933, as amended, or the Securities Exchange Act of 1934, as amended, except
as expressly set forth by specific reference in such filing.
Item 9.01. Financial Statements and Exhibits.
(d)
Exhibits.
Exhibit
No.
Description
99.1
Press release dated May 15, 2026
104
Cover
page Interactive Data File (embedded within the Inline XBRL document)
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned hereunto duly authorized.
Date:
May 15, 2026
SAFE
PRO GROUP INC.
By:
/s/
Daniyel Erdberg
Daniyel
Erdberg
Chief
Executive Officer
EX-99.1
EX-99.1
Filename: ex99-1.htm · Sequence: 2
Exhibit
99.1
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
AVENTURA,
Fla. – May 15, 2026 – 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 evaluation by defense industry
stakeholders, Safe Pro appointed Jarret Mathews, Colonel, U.S. Army (Retired), formerly
the Director, Joint Acquisitions Task Force of the U.S. Army’s Special Operations Command,
as its Chief Operating Officer.
– Supporting
further collaboration with U.S. government prime contractors, Safe Pro launched its new
Growth Team led by Brian Mack, a former Anduril contracting executive as its Chief Growth
Officer and Benjamin Chitty, the former Deputy Director and Senior Program Manager of the
Joint Acquisition Task Force of the United States Special Operations Command, as VP of Government
Growth. Collectively, the team is leading the Company’s efforts to capture U.S. government
contract awards through teaming agreements with Prime Contractors.
“Our
first quarter results illustrate our AI focused business model is beginning to deliver significant value to our customers and strong
margins for our shareholders,” said Dan Erdberg, Chairman and CEO of Safe Pro Group Inc. “We believe Safe Pro is well positioned
to capitalize on the AI era with the momentum we see building for our patented AI solutions within the U.S. Government. Supported by
a strong balance sheet, expanded team of accomplished military acquisition specialists, and an enhanced portfolio of real-world proven
solutions, we are excited about our future.”
The
Company’s Safe Pro Object Threat Detection (SPOTD) AI platform analyzes imagery and video from virtually any drone to automatically
detect and classify explosive threats and other objects of interest. The platform converts raw video into high-resolution 2D/3D geospatial
models that can be rapidly shared to support operational decision-making in defense, security, and humanitarian missions. SPOTD is capable
of identifying more than 150 types of landmines and UXO, enabling scalable situational awareness across large, high-risk areas.
SPOTD has been deployed in active operational environments in Ukraine for nearly three years and is supported by a growing proprietary
dataset comprising over 2.7 million analyzed images, more than 49,500 identified threats, and coverage of approximately
34,900 acres.
The
financial information included in this press release should be read in conjunction with the Company’s Quarterly Report on Form
10-Q for the quarter ended March 31, 2026, to be filed with the Securities and Exchange Commission today.
For
more information about Safe Pro’s real-world landmine and UXO detections, visit: https://safeproai.com/landmine-detections/.
For information about Safe Pro Group, its subsidiaries, and technologies, please visit https://safeprogroup.com and connect with
us on LinkedIn, Facebook, and X.
About
Safe Pro Group Inc.
Safe
Pro Group Inc. (NASDAQ: SPAI) is a mission-driven technology company delivering AI-enabled security and defense solutions. Through cutting-edge
platforms like SPOTD, Safe Pro provides advanced situational awareness tools for defense, humanitarian, and homeland security applications
globally. It is a leading provider of artificial intelligence (AI) solutions specializing in drone imagery processing, leveraging commercially
available “off-the-shelf” drones with its proprietary machine learning and computer vision technology to enable rapid identification
of explosives threats, providing a much safer and more efficient alternative to traditional human-based analysis methods. Built on a
cloud-based ecosystem and powered by Amazon Web Services (AWS), Safe Pro Group’s scalable platform is targeting multiple markets
that include commercial, government, law enforcement and humanitarian sectors where its Safe Pro AI software, Safe-Pro USA protective
gear and Airborne Response drone-based services can work in synergy to deliver safety and operational efficiency. For more information
on Safe Pro Group Inc., please visit https://safeprogroup.com/.
Forward-Looking
Statements
Some
of the statements in this press release are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933,
Section 21E of the Securities Exchange Act of 1934 and the Private Securities Litigation Reform Act of 1995, which involve risks and
uncertainties. Forward-looking statements relate to future events, future expectations, plans and prospects. Forward-looking statements
in this press release include, without limitation, statements regarding Safe Pro’s ability to generate revenue from and achieve
high margins on its AI-powered products; perform under, expand or receive additional orders under government subcontracts; convert U.S.
Army exercises, demonstrations, customer evaluations, teaming agreements and growth-team initiatives into product acquisition, deployment
or additional contract awards; maintain or increase demand for its NODE, NODE-X and SPOTD solutions; and gain acceptance of its solutions
by potential government, military, defense, security and humanitarian organizations. Although Safe Pro Group believes the expectations
reflected in such forward-looking statements are reasonable as of the date made, expectations may prove to have been materially different
from the results expressed or implied by such forward-looking statements. Safe Pro Group has attempted to identify forward-looking statements
by terminology including ‘‘believes,’’ ‘‘estimates,’’ ‘‘anticipates,’’
‘‘expects,’’ ‘‘plans,’’ ‘‘projects,’’ ‘‘intends,’’
‘‘potential,’’ ‘‘may,’’ ‘‘could,’’ ‘‘might,’’
‘‘will,’’ ‘‘should,’’ ‘‘approximately’’ or other words that convey
uncertainty of future events or outcomes to identify these forward-looking statements. These statements are only predictions and involve
known and unknown risks, uncertainties and other factors, including market and other conditions. More detailed information about the
Company and the risk factors that may affect the realization of forward-looking statements is set forth under Item 1A. in the Company’s
most recently filed Form 10-K and updated from time to time in the Company’s Form 10-Q filings and in other filings with the Securities
and Exchange Commission (the “SEC”), copies of which may be obtained from the SEC’s website at www.sec.gov. Any forward-looking
statements contained in this press release speak only as of its date. Safe Pro Group undertakes no obligation to update any forward-looking
statements contained in this press release to reflect events or circumstances occurring after its date or to reflect the occurrence of
unanticipated events, except as required by law.
Media
Relations for Safe Pro Group Inc.:
media@safeprogroup.com
Investor
Contact:
Ankit
Hira, Managing Director
Solebury
Strategic Communications for Safe Pro Group Inc.
spai@soleburystrat.com
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