Specificity, Inc. reported its financial results for the second quarter and first half of 2025, revealing a net revenue of $266,300 for the three months ending June 30, 2025, an increase of 13.5% from $234,690 in the same period of 2024. However, the company experienced a decline in revenue for the six-month period, reporting $564,350 compared to $633,551 in the first half of 2024. The gross profit for the second quarter was $111,371, up from $106,554 year-over-year, while the gross profit for the first half dropped to $254,645 from $390,756 in the prior year.
The company’s operating expenses increased significantly, totaling $178,664 for the second quarter of 2025, compared to $142,602 in the same quarter of 2024. This rise was attributed to higher general and administrative expenses, which reached $139,686, up from $109,268. As a result, Specificity, Inc. reported a net loss of $79,793 for the second quarter, compared to a loss of $48,548 in the same quarter of the previous year. For the first half of 2025, the net loss was $220,009, a substantial increase from the loss of $85,028 reported in the first half of 2024.
In terms of operational developments, Specificity, Inc. has seen an increase in its employee headcount, with common stock issued as compensation to employees amounting to $6,118 in the second quarter. The total stockholders' deficit widened to $750,381 as of June 30, 2025, compared to $619,779 at the end of 2024. The company’s total assets increased slightly to $1,574,586 from $1,559,296, driven by a rise in cash and cash equivalents, which reached $7,508, up from $3,413.
The filing also highlighted changes in the company’s liabilities, with total liabilities increasing to $2,324,967 from $2,179,075. This rise was primarily due to an increase in working capital funding loans, which grew to $253,396 from $165,896. Specificity, Inc. continues to navigate a challenging market environment, and the management has indicated that they are focused on strategic initiatives to enhance revenue generation and operational efficiency moving forward.
Looking ahead, Specificity, Inc. aims to improve its financial performance by focusing on product adoption and expanding its market presence. The company is actively pursuing opportunities for geographic expansion and enhancing customer engagement metrics. Management remains optimistic about future growth, despite the current financial challenges, and is committed to implementing strategies that will drive profitability in the coming quarters.
About SPECIFICITY, INC.
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