SPAI (Safe Pro Group) Gross Profit : $0.52 Mil (TTM As of Sep. 2024)

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What is Safe Pro Group Gross Profit?

Safe Pro Group's gross profit for the three months ended in Sep. 2024 was $0.13 Mil. Safe Pro Group's gross profit for the trailing twelve months (TTM) ended in Sep. 2024 was $0.52 Mil.

Gross Margin % is calculated as gross profit divided by its revenue. Safe Pro Group's gross profit for the three months ended in Sep. 2024 was $0.13 Mil. Safe Pro Group's Revenue for the three months ended in Sep. 2024 was $0.33 Mil. Therefore, Safe Pro Group's Gross Margin % for the quarter that ended in Sep. 2024 was 40.48%.

Safe Pro Group had a gross margin of 40.48% for the quarter that ended in Sep. 2024 => Durable competitive advantage

During the past 2 years, the highest Gross Margin % of Safe Pro Group was 45.09%. The lowest was 33.59%. And the median was 39.49%.

Safe Pro Group Gross Profit Historical Data

The historical data trend for Safe Pro Group's Gross Profit can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Safe Pro Group Gross Profit Chart

Safe Pro Group Annual Data

Trend

Dec22

Dec23

Gross Profit

0.52

0.31

Safe Pro Group Quarterly Data
	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Gross Profit	Get a 7-Day Free Trial			0.06	0.08	0.13	0.19	0.13

Competitive Comparison of Safe Pro Group's Gross Profit

For the Aerospace & Defense subindustry, Safe Pro Group's Gross Profit, along with its competitors' market caps and Gross Profit data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Safe Pro Group's Gross Profit Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Safe Pro Group's Gross Profit distribution charts can be found below:

* The bar in red indicates where Safe Pro Group's Gross Profit falls into.

Safe Pro Group Gross Profit Calculation

Gross Profit is the different between the sale prices and the cost of buying or producing the goods.

Safe Pro Group's Gross Profit for the fiscal year that ended in Dec. 2023 is calculated as

Gross Profit (A: Dec. 2023 )	=	Revenue	-	Cost of Goods Sold
	=	0.918	-	0.607
	=	0.31

Safe Pro Group's Gross Profit for the quarter that ended in Sep. 2024 is calculated as

Gross Profit (Q: Sep. 2024 )	=	Revenue	-	Cost of Goods Sold
	=	0.331	-	0.197
	=	0.13

Gross Profit for the trailing twelve months (TTM) ended in Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $0.52 Mil.

Gross Profit is the numerator in the calculation of Gross Margin.

Safe Pro Group's Gross Margin % for the quarter that ended in Sep. 2024 is calculated as

Gross Margin % (Q: Sep. 2024 )	=	Gross Profit (Q: Sep. 2024 )	/	Revenue (Q: Sep. 2024 )
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	0.13	/	0.331
	=	40.48 %

A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.

Safe Pro Group (NAS:SPAI) Gross Profit Explanation

Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.

Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %

1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key

Safe Pro Group had a gross margin of 40.48% for the quarter that ended in Sep. 2024 => Durable competitive advantage

Safe Pro Group Gross Profit Related Terms

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Safe Pro Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Safe Pro Group Inc (NAS:SPAI) » Definitions » Gross Profit

Comparable Companies

Traded in Other Exchanges

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Address

18305 Biscayne boulevard, Suite 222, Aventura, FL, USA, 33160

Website

https://www.safeprogroup.com

Safe Pro Group Inc operates to acquire security and protection products. Its emphasis is on the development of a cloud-based ecosystem for analyzing drone imagery and data utilizing proprietary artificial intelligence (AI), machine learning, deep learning, and applied computer vision software for hyper scalable processing, analysis, and reporting. The company operated in three reportable business segments which consisted of: the business of Safe-Pro USA, the business of Airborne Response, and the business of Safe Pro AI. Key revenue is generated from Safe-Pro USA.