Filing Flows › Specificity (SPTY) › Q4 2024
Specificity (SPTY) Q4 2024 earnings results (fourth quarter 2024)
10-K filed Jun 24, 2025
Specificity (SPTY) reported revenue of $144K for the fourth quarter 2024 (Q4 2024), -57% from a year earlier and -33% from the quarter before. Operating margin was -203.9%, net loss $306K (212.6% of revenue).
Specificity, Q4 2024: revenue $144K (-57% year over year), operating margin -203.9%, net loss $306K, operating cash flow −$211K. The chart follows the revenue to costs, profit and cash.
| Q4 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $144K | -33% | -57% |
| Operating profit | −$293K | — | — |
| Net earnings | −$306K | — | — |
| Operating cash flow | −$211K | — | — |
What changed
Revenue was $144K in Q4 2024, down 57% year over year and down 33% from the previous quarter.
Gross margin was 19.0%, down 30.2 points from a year earlier. Operating costs exceeded revenue by $293K, an operating margin of -203.9%. Operating expenses fell 20% while revenue fell 57%. The fastest-growing cost line was General & admin (+53%). The quarter ended with a net loss of $306K, wider than the previous quarter's $224K loss.
Operating cash flow was −$211K. Non-cash charges added back $3K of depreciation and amortization. Working capital and other items added $92K.
Questions
What was Specificity's revenue in the fourth quarter 2024?
Specificity (SPTY) reported revenue of $144K for the fourth quarter 2024 (Q4 2024), -57% from a year earlier and -33% from the quarter before.
Was Specificity profitable in the fourth quarter 2024?
Operating loss was $293K (-203.9% of revenue) and net loss $306K.
Source: Specificity 10-K on SEC EDGAR.