1. Investment Snapshot
2. Thesis
3. Valuation & Price Target
4. Business & Product Moat
5. People & Governance
6. Market & Macro
7. Financial Quality
8. Risk Register
9. Prediction Market
10. 𝕏 Posts
Discussion
1. Investment Snapshot
2. Thesis
3. Valuation & Price Target
4. Business & Product Moat
5. People & Governance
6. Market & Macro
7. Financial Quality
8. Risk Register
9. Prediction Market
10. 𝕏 Posts
Discussion
1. Investment Snapshot
2. Metrics vs Peers
3. Price Chart
4. Valuation
5. Offer Terms
6. Financial Statements
Discussion
Research report, target price, DCF and forensic scores are for subscribers. View plans
Symbol
PRZO
Listed on
2023-07-27
Sector
Industrials
Subsector
Aerospace & Defense
Offer Price
$4.00
first filed $5.20–$7.20Shares Offered
1.95M
6.05M
$24.2M
32.2%
Implied Upside vs Midpoint
Description
We are an aerospace company that is focused on drone safety systems and engaged in the business of designing, developing, and providing what we believe are best-in-class autonomous parachute safety systems for commercial drones, also known as unmanned aerial systems or UAS. Our company was founded by a group of aviation professionals, together with veteran drone operators, to address the drone industry’s safety challenges. Our goal is to enable the drone industry to realize its greatest potential through increasing safety and mitigating operational risk. Drones are either navigated manually with a remote control or operated autonomously by software. Drones have long seen widespread use in the military for surveillance and long-range attack purposes and have also been used for weather monitoring and search and rescue operations. As developments in the mobile industry have enabled manufacturers to decrease the size, weight, and cost of batteries and cameras, the drone industry has expanded beyond its largely military-based origins and scale for commercial and civil government use cases. Increased automation of drones and a global concern for sustainability have also driven demand. Drones have become an integral workflow tool among a myriad of global industries and have a wide array of commercial applications, such as photography, agriculture, package delivery, first response/public safety, surveying, construction site monitoring, and infrastructure inspection. Drones are easy enough even for private individuals to maintain and operate and do not require expensive infrastructure, allowing for recreational use. As demand and use cases for commercial drones have increased, so too have concerns over drone safety, and we believe our safety solutions place us in a strong position to take advantage of the developing market and regulatory frameworks, which are increasingly recognizing parachute recovery systems as effective forms of risk mitigation for expanded operational approvals. Our unique, patented technology enables parachute deployment on drones in a fraction of a second using an autonomous computer paired with a ballistic parachute launcher. We believe that we have created a new benchmark in drone safety with low altitude parachute deployment capabilities and high levels of reliability. Globally, our solutions have proven critical to enabling commercial drone operations over populated areas and beyond-visual-line-of-sight, or BVLOS, which require prior approval from aviation regulators, including the U.S., Canada, Israel, Brazil, Singapore, Australia, Ireland and the U.K., among other countries. These authorizations facilitate new business opportunities and applications for expanded drone operations worldwide, thus enhancing the value proposition of our solutions for our customers. --- We are an Israeli corporation based in Israel and were incorporated on June 30, 2013, under the name ParaZero Ltd. On September 6, 2018, our name was changed to ParaZero Israel Ltd., and on November 4, 2018, our name was changed to our current name, ParaZero Technologies Ltd. Our principal executive offices are located at 30 Dov Hoz, Kiryat Ono, 5555626, Israel. Our telephone number in Israel is +972-3-688-5252. Our website address is www.parazero.com.
| Metric | Value | Peer median | Among peers | Trend |
|---|---|---|---|---|
EV / revenue | 43.0x | 7.0x | ||
Revenue growth | -22.7% | 32.6% | ||
Gross margin | 39.7% | 43.2% | ||
Operating margin | -328% | 4.5% | ||
Net margin | -295% | -2.6% | ||
Free cash flow margin | -354% | -1.5% | ||
Rule of 40 | -348% | 51.0% | ||
Net cash / market cap | 0.4% | -0.0% | ||
Debt / equity | 0.00 | 0.05 | ||
Current ratio | 0.44 | 2.00 | ||
Stock comp / revenue | 9.3% | 0.8% | ||
9 premium metrics: DCF value / price, Growth the price needs: how common, Last 12 months vs full year and 6 more Unlock | ||||
▼ Priced at $4.00, 35% below the midpoint of the first filed range ($5.20–$7.20, 2022-05-24).
Each filing is plotted ahead of the first trading day on the price chart.
| Filed | Form | Price range | Price | Shares offered | Deal size |
|---|---|---|---|---|---|
| 2022-05-24 | F-1 | $5.20–$7.20 | — | 2,525,000 | $15.7M |
| 2022-07-01 | F-1/A | $5.20–$7.20 | — | 2,525,000 | $15.7M |
| 2022-07-19 | F-1/A | $5.20–$7.20 | — | 2,525,000 | $15.7M |
| 2022-07-29 | F-1/A | $5.20–$7.20 | — | 2,525,000 | $15.7M |
| 2022-09-07 | F-1/A | $5.20–$7.20 | — | 2,525,000 | $15.7M |
| 2022-09-15 | F-1/A | $5.20–$7.20 | — | 3,040,000 | $18.8M |
| 2022-10-06 | F-1/A | $4.00–$6.00 | — | 1,750,000 | $8.8M |
| 2022-11-04 | F-1/A | $4.25–$6.25 | — | 1,600,000 | $8.4M |
| 2022-11-28 | F-1/A | $4.25–$6.25 | — | 1,600,000 | $8.4M |
| 2023-02-15 | F-1/A | $4.25–$6.25 | — | 1,600,000 | $8.4M |
| 2023-03-24 | F-1/A | $4.00–$6.00 | — | 1,950,000 | $9.8M |
| 2023-06-27 | F-1/A | $4.00–$6.00 | — | 1,950,000 | $9.8M |
| 2023-07-24 | F-1/A | $4.00–$6.00 | — | 1,950,000 | $9.8M |
| 2023-07-27 | 424B4 | — | $4.00 | 1,950,000 | $7.8M |
| 2023-07-27 | 424B4 | — | — | 4,102,418 | — |
ParaZero Technologies Ltd. income statement and balance sheet, FY Dec 2022 to FY Dec 2025, as reported in SEC filings.
| Metric | FY Dec 2022 | FY Dec 2023after listing | FY Dec 2024after listing | FY Dec 2025after listing |
|---|---|---|---|---|
| Revenue | $560K | $621K | $932K | $1.0M |
| Gross profit | $223K | $144K | $58.3K | $50.0K |
| Operating income | ($1.8M) | ($2.8M) | ($5.6M) | ($7.5M) |
| Net income | ($1.7M) | ($3.8M) | ($11.1M) | ($5.4M) |
| Revenue growth | — | 10.8% | 50.2% | 12.3% |
| Gross margin | 39.7% | 23.2% | 6.3% | 4.8% |
| Operating margin | −328% | −451% | −597% | −721% |
| Net margin | −295% | −608% | −1186% | −517% |
| Metric | FY Dec 2022 | FY Dec 2023after listing | FY Dec 2024after listing | FY Dec 2025after listing |
|---|---|---|---|---|
| Total assets | $1.1M | $8.4M | $5.7M | $5.3M |
| Total equity | ($1.6M) | $6.1M | ($312K) | $3.2M |
| Cash & equivalents | $89.8K | $7.4M | $4.2M | $2.2M |