Filing Flows › Specificity (SPTY) › Q1 2025
Specificity (SPTY) Q1 2025 earnings results (first quarter 2025)
10-Q filed Jun 30, 2025
Specificity (SPTY) reported revenue of $298K for the first quarter 2025 (Q1 2025), -25% from a year earlier and +107% from the quarter before. Operating margin was -42.9%, net loss $140K (47.0% of revenue).
Specificity, Q1 2025: revenue $298K (-25% year over year), operating margin -42.9%, net loss $140K, operating cash flow $13K. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $298K | +107% | -25% |
| Operating profit | −$128K | — | — |
| Net earnings | −$140K | — | — |
| Operating cash flow | $13K | — | — |
What changed
Revenue was $298K in Q1 2025, down 25% year over year and up 107% from the previous quarter.
Gross margin was 48.1%, down 23.2 points from a year earlier. Operating costs exceeded revenue by $128K, an operating margin of -42.9%. Operating expenses grew 9% against a revenue fall of 25%. The fastest-growing cost line was Sales & marketing (+113%). The quarter ended with a net loss of $140K, narrower than the previous quarter's $306K loss.
Operating cash flow was $13K. Non-cash charges added back $1K of depreciation and amortization and $6K of share-based compensation. Working capital and other items added $147K.
Questions
What was Specificity's revenue in the first quarter 2025?
Specificity (SPTY) reported revenue of $298K for the first quarter 2025 (Q1 2025), -25% from a year earlier and +107% from the quarter before.
Was Specificity profitable in the first quarter 2025?
Operating loss was $128K (-42.9% of revenue) and net loss $140K.
Source: Specificity 10-Q on SEC EDGAR.