- Safe Pro’s AI-based software, field-tested in Ukraine for over two years, plays a key role in drone-enabled landmine detection.
- The company’s revenue has grown 140% over the past twelve months, Litchfield Hills Research noted.
- Safe Pro is actively pursuing funding opportunities tied to the U.S. One Big Beautiful Bill Act, and has filed patent applications across 47 international jurisdictions for its AI threat detection technology.
Safe Pro Group (NASDAQ: SPAI), an emerging provider of AI-powered security and threat detection solutions, has received a Buy rating from Litchfield Hills Research upon coverage initiation on July 17, with the firm setting an $8.00 price target. Shares closed at $3.06 ahead of the announcement, implying a potential upside of more than 160% based on the rating (https://ibn.fm/9Uvif).
The Florida-based company has focused its technology on defense, homeland security, and humanitarian applications. Its SpotlightAI(TM) platform processes drone-captured imagery to detect small, often deadly, objects, including landmines and unexploded ordnance. According to Litchfield Hills, this AI application has been tested in Ukraine for over two years and has shown superior performance compared to traditional demining methods.
The research firm highlights the relevance of SPAI’s offering in light of the ongoing war in Ukraine. Since Russia’s 2022 invasion, an estimated 30% of Ukrainian land may be contaminated with mines. Safe Pro’s tools, used in the region, have reportedly identified over 27,000 unexploded ordnances across more than 16,000 acres.
Litchfield Hills also noted that the company’s AI solution is protected by a broad patent covering the use of artificial intelligence in analyzing drone-based imagery for explosive detection. International patent applications have been filed in nearly 50 jurisdictions to support its global expansion strategy.
Financially, the company remains in its development phase and is not yet EBITDA-positive. However, it reported a 140% increase in revenue over the past year. At Litchfield’s $8.00 target, the stock would trade at 9.7x market cap to sales, below the peer average, suggesting room for valuation growth.
In addition to its AI software, Safe Pro manufactures protective gear for explosive ordnance disposal (“EOD”) teams. A recent contract with a U.S. government contractor involves supplying this gear to support mine-clearing operations in the Asia-Pacific region. The company also confirmed that SpotlightAI will be evaluated in the same region.
Safe Pro is also well positioned to benefit from the U.S. One Big Beautiful Bill Act, which designates $33 billion toward AI and defense technology, Litchfield Hills Research noted. The company is reportedly in talks with the Department of Defense and major contractors to expand the deployment of its platform. Its technology can currently detect more than 150 types of mines and UXO.
Safe Pro’s market capitalization stands at approximately $46 million, reflecting the early-stage nature of the business. Yet, given its niche focus and expanding relevance amid ongoing geopolitical instability, Litchfield sees strong commercial potential.
Investors appear to be taking notice of the strategic positioning. As InvestingPro data shows, the company has traded in a volatile range over the past year, with a 52-week low of $1.47 and a high of $6.50 (https://ibn.fm/5X9vg). The current rating provides a reference point for assessing near-term upside as SPAI advances discussions with government entities and continues its international rollout.
While the company still faces the typical risks of early-stage AI firms—such as technology validation, commercialization, and competition—its focus on a clear and pressing problem gives it a distinct profile among small-cap defense technology plays. Litchfield Hills’ valuation implies investor interest may increase as more data from field operations and government trials emerges.
For more information, visit the company’s website at www.SafeProGroup.com.
NOTE TO INVESTORS: The latest news and updates relating to SPAI are available in the company’s newsroom at https://ibn.fm/SPAI
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