Specificity, Inc. Reports 25.3% Revenue Decline and Increased Net Loss in Q1 2025

Specificity, Inc. reported its financial results for the first quarter of 2025, revealing a net revenue of $298,050, a decrease of 25.3% from $398,861 in the same period of 2024. The company's gross profit also fell to $143,274, down from $284,202 year-over-year. This decline in revenue and gross profit contributed to a net loss of $140,216 for the quarter, compared to a loss of $36,480 in the first quarter of 2024. The basic and diluted loss per share was reported at $(0.01), compared to $(0.00) in the prior year.

The financial statements indicate significant changes in operating expenses, which rose to $270,990 from $248,621 in the previous year. Notably, sales and marketing expenses increased to $56,731, up from $26,577, reflecting a strategic decision to enhance market presence. General and administrative expenses remained relatively stable at $204,149, compared to $203,595 in the prior year. The company also incurred share-based compensation expenses of $5,568, which were not present in the previous year’s figures.

In terms of operational developments, Specificity, Inc. reported an increase in total current assets to $15,340 as of March 31, 2025, up from $7,253 at the end of 2024. However, total liabilities also increased to $2,265,937 from $2,179,075, primarily due to higher accounts payable and accrued expenses, which rose to $230,136 from $173,941. The company’s stockholders' deficit widened to $(699,206) from $(619,779) as of December 31, 2024, driven by the increased net loss.

The filing did not provide specific metrics regarding customer counts or user statistics, but it did indicate that the company is focusing on strategic initiatives to improve product adoption rates and market share. The increase in sales and marketing expenses suggests an effort to drive customer engagement and expand geographic reach. The company’s employee headcount and any potential acquisitions or product launches were not detailed in the filing.

Looking ahead, Specificity, Inc. has not provided explicit forward-looking statements regarding future performance or strategic direction. However, the increase in marketing expenditures may indicate a commitment to enhancing brand visibility and customer acquisition in the upcoming quarters. The company will likely continue to monitor market conditions and adjust its strategies accordingly to improve financial performance and operational efficiency.