How did SPAI's revenue and expenses trend in Q4 2024?

In Q4 2024, Safe Pro Group (SPAI) experienced a revenue decline and significant operating expenses, resulting in a negative net income. Here's a detailed analysis:

1. **Revenue Trend**: SPAI's revenue was $1.14 million for the quarter. This is a decrease from the previous quarter's revenue of $1.03 million. The decline in revenue could be due to various factors such as market conditions, business strategies, or seasonal fluctuations.
2. **Expense Trend**: The operating expenses for SPAI in Q4 2024 were not provided, but the net income was -$1.38 million. This indicates that the expenses were greater than the revenue for the period, leading to a negative net income.
3. **Gross Margin**: The gross margin for SPAI in Q4 2024 was 41.77%, which is the same as the previous quarter. This suggests that the company's cost management efforts were stable, but it does not necessarily indicate profitability since the net income was negative.
4. **Segment Analysis**: SPAI's revenue was distributed across different business segments, including Services and Product. The segment with the highest revenue was the Product segment, followed by Services and Depreciation Expense. However, the exact revenue distribution within these segments was not provided.

|code|Ticker|Name|Date|Business Composition|Revenue By Business|market_code|
|---|---|---|---|---|---|---|
|SPAI|SPAI.O|Safe Pro Group|20240101-2024|Services|1139676|186|
|SPAI|SPAI.O|Safe Pro Group|20240101-2024|Depreciation Expense|0|186|
|SPAI|SPAI.O|Safe Pro Group|20240101-2024|Depreciation Expense|0|186|
|SPAI|SPAI.O|Safe Pro Group|20240101-2024|Services|85297|186|

|code|Ticker|Name|Date|Net Income YoY|Net Income|market_code|
|---|---|---|---|---|---|---|
|SPAI|SPAI.O|Safe Pro Group|2024 Q1|-136.8303908800858|-1143860|186|
|SPAI|SPAI.O|Safe Pro Group|2024 Q2|-66.08925915394374|-1214923|186|
|SPAI|SPAI.O|Safe Pro Group|2024 Q3|-442.15103621150246|-3685456|186|
|SPAI|SPAI.O|Safe Pro Group|2024 Q4|68.68553030716062|-1384222|186|

|code|Ticker|Name|Date|Gross Profit Margin|Gross Profit Margin YoY|market_code|
|---|---|---|---|---|---|---|
|SPAI|SPAI.O|Safe Pro Group|2024 Q1|41.3502|12.787627516229344|186|
|SPAI|SPAI.O|Safe Pro Group|2024 Q2|32.802||186|
|SPAI|SPAI.O|Safe Pro Group|2024 Q3|34.517||186|
|SPAI|SPAI.O|Safe Pro Group|2024 Q4|41.7737|23.236432507699753|186|

In conclusion, SPAI faced a challenging quarter in Q4 2024 with a decline in revenue and a negative net income. The company's focus should be on addressing the revenue decline and optimizing its operating expenses to improve financial performance in the future.