Specificity Inc (OTCMKTS:SPTY) Releases FY22 Earnings: Here Are Key Details
The digital marketing space is growing at a remarkable pace and is expected to grow rapidly over the coming years as the internet becomes even more important.
Trading Data
On Tuesday, SPTY stock ended flat at $1.9500 with more than 200 shares, compared to its average volume of 212 shares. The stock moved within a range of $1.9500 – 1.9500 after opening trade at $1.9500.
Specificity Reports Annual Growth of 53% to $1.1 Million Revenue for Full Year 2022
In such a situation, it could be a good idea for investors to track some companies involved in the sector and one such company could be Specificity Inc (OTCMKTS:SPTY). It is a full service digital marketing outfit and is well-known for providing advanced digital marketing solutions. Yesterday, the company announced its financial results for the fourth quarter and the fiscal year, both of which ended on December 31, 2022. The performance was solid and may even come as a source of excitement for investors.
The company generated revenues of $1.1 million for the year 2022, which worked out to a jump of as much as 53% from the previous year. The gross profits went up 48% to hit $0.6 million and the EBITDA loss actually went down by 13% from 2021 to drop to $2 million. One of the major highlights for the company in the 2022 financial year was the public listing on the OTCQB. It was the highest yearly revenue that the company had ever generated in its history.
