Safe Pro Group Inc. Files 10-Q for Q2 2024
Ticker: SPAI · Form: 10-Q · Filed: Sep 26, 2024 · CIK: 2011208
| Field | Detail |
|---|---|
| Company | Safe Pro Group Inc. (SPAI) |
| Form Type | 10-Q |
| Filed Date | Sep 26, 2024 |
| Risk Level | low |
| Pages | 15 |
| Reading Time | 18 min |
| Key Dollar Amounts | $0.0001 |
| Sentiment | neutral |
Sentiment: neutral
Topics: 10-Q, quarterly-report, financials
TL;DR
Safe Pro Group Inc. 10-Q filed for Q2 2024. Financials and operations detailed.
AI Summary
Safe Pro Group Inc. filed its 10-Q for the period ending June 30, 2024. The filing covers financial performance and operational details for the second quarter and the first half of the year. Specific financial figures and operational highlights are detailed within the report.
Why It Matters
This filing provides investors with an update on Safe Pro Group Inc.'s financial health and operational performance for the second quarter of 2024, crucial for investment decisions.
Risk Assessment
Risk Level: low — The filing is a standard quarterly report and does not contain immediate red flags or significant negative news.
Key Numbers
- Q2 2024 — Reporting Period (Financial results for the second quarter ending June 30, 2024.)
- H1 2024 — Reporting Period (Financial results for the first half of the year ending June 30, 2024.)
Key Players & Entities
- Safe Pro Group Inc. (company) — Filer of the 10-Q report
- 20240630 (date) — End of the reporting period
- 20240926 (date) — Date of filing
FAQ
What is the primary business of Safe Pro Group Inc.?
Safe Pro Group Inc. operates in the Orthopedic, Prosthetic & Surgical Appliances & Supplies industry, SIC code 3842.
What is the fiscal year end for Safe Pro Group Inc.?
The fiscal year end for Safe Pro Group Inc. is December 31.
What is the filing date of this 10-Q report?
This 10-Q report was filed on September 26, 2024.
What period does this 10-Q report cover?
This 10-Q report covers the period ending June 30, 2024.
What are the different types of preferred stock mentioned in relation to Safe Pro Group Inc.?
The filing mentions Series A Preferred Stock and Series B Preferred Stock.
Filing Stats: 4,446 words · 18 min read · ~15 pages · Grade level 18.9 · Accepted 2024-09-26 16:15:48
Key Financial Figures
- $0.0001 — ch registered Common Stock, par value $0.0001 SPAI The Nasdaq Stock Market Inc.
Filing Documents
- form10-q.htm (10-Q) — 1409KB
- ex31-1.htm (EX-31.1) — 11KB
- ex31-2.htm (EX-31.2) — 11KB
- ex32-1.htm (EX-32.1) — 12KB
- 0001493152-24-038306.txt ( ) — 7803KB
- spai-20240630.xsd (EX-101.SCH) — 60KB
- spai-20240630_cal.xml (EX-101.CAL) — 69KB
- spai-20240630_def.xml (EX-101.DEF) — 296KB
- spai-20240630_lab.xml (EX-101.LAB) — 505KB
- spai-20240630_pre.xml (EX-101.PRE) — 420KB
- form10-q_htm.xml (XML) — 1166KB
: FINANCIAL INFORMATION
PART I: FINANCIAL INFORMATION
FINANCIAL STATEMENTS (UNAUDITED)
ITEM 1. FINANCIAL STATEMENTS (UNAUDITED) 2 CONSOLIDATED BALANCE SHEETS 2 CONSOLIDATED STATEMENTS OF OPERATIONS 3 CONSOLIDATED 4 CONSOLIDATED STATEMENTS OF CASH FLOWS 6 NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS 7
MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS
ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS 32
QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK
ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK 42
CONTROLS AND PROCEDURES
ITEM 4. CONTROLS AND PROCEDURES 42
OTHER INFORMATION
PART II. OTHER INFORMATION
LEGAL PROCEEDINGS
ITEM 1. LEGAL PROCEEDINGS 43
RISK FACTORS
ITEM 1A. RISK FACTORS 43
UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS
ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS 44
DEFAULTS UPON SENIOR SECURITIES
ITEM 3 DEFAULTS UPON SENIOR SECURITIES 44
MINE SAFETY DISCLOSURES
ITEM 4. MINE SAFETY DISCLOSURES 44
OTHER INFORMATION
ITEM 5. OTHER INFORMATION 44
EXHIBITS
ITEM 6. EXHIBITS 45
SIGNATURES
SIGNATURES 46 i CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS This Form 10-Q includes forward-looking statements. These statements involve risks known to us, significant uncertainties, and other factors which may cause our actual results, levels of activity, performance, or achievements to be materially different from any future results, levels of activity, performance, or achievements expressed or implied by those forward-looking statements. Some of the statements used in this report constitute "forward-looking statements" that represent our beliefs, projections and predictions about future events. Forward-looking statements are all statements other than statements of historical fact, including statements that refer to plans, intentions, objectives, goals, targets, strategies, hopes, beliefs, projections, prospects, expectations or other characterizations of future events or performance, and assumptions underlying the foregoing. The words "may," "could," "should," "would," "will," "project," "intend," "continue," "believe," "anticipate," "estimate," "forecast," "expect," "plan," "potential," "opportunity," "scheduled," "goal," "target," and "future," variations of such words, and other comparable terminology and similar expressions and references to future periods are often, but not always, used to identify forward-looking statements. Examples of forward-looking statements include, but are not limited to, statements about the following: our prospects, including our future business, revenues, expenses, net income, earnings per share, gross margins, profitability, cash flows, cash position, liquidity, financial condition and results of operations, backlog of orders and revenue, our targeted growth rate, our goals for future revenues and earnings, and our expectations about realizing the revenues in our backlog and in our sales pipeline; the effects on our business, financial condition, and results of operations of current and future economic, busi