Specificity (Specificity) Gross Margin % : 91.88% (As of Sep. 2023)

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What is Specificity Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Specificity's Gross Profit for the three months ended in Sep. 2023 was $0.29 Mil. Specificity's Revenue for the three months ended in Sep. 2023 was $0.32 Mil. Therefore, Specificity's Gross Margin % for the quarter that ended in Sep. 2023 was 91.88%.

The historical rank and industry rank for Specificity's Gross Margin % or its related term are showing as below:

SPTY' s Gross Margin % Range Over the Past 10 Years
Min: 48.43 Med: 49.38 Max: 55.31
Current: 55.31

During the past 3 years, the highest Gross Margin % of Specificity was 55.31%. The lowest was 48.43%. And the median was 49.38%.

SPTY's Gross Margin % is ranked better than
71.09% of 965 companies
in the Media - Diversified industry
Industry Median: 38.36 vs SPTY: 55.31

Specificity had a gross margin of 91.88% for the quarter that ended in Sep. 2023 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Specificity was 0.00% per year.

Specificity Gross Margin % Historical Data

The historical data trend for Specificity's Gross Margin % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Specificity Gross Margin % Chart

Specificity Annual Data

Trend

Dec20

Dec21

Dec22

Gross Margin %

50.33

48.43

Specificity Quarterly Data
	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Gross Margin %	Get a 7-Day Free Trial						70.71	33.67	59.31	48.75	91.88

Competitive Comparison of Specificity's Gross Margin %

For the Advertising Agencies subindustry, Specificity's Gross Margin %, along with its competitors' market caps and Gross Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Specificity's Gross Margin % Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Specificity's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Specificity's Gross Margin % falls into.

Specificity Gross Margin % Calculation

Gross Margin is the percentage of Gross Profit out of sales or Revenue.

Specificity's Gross Margin for the fiscal year that ended in Dec. 2022 is calculated as

Gross Margin % (A: Dec. 2022 )	=	Gross Profit (A: Dec. 2022 )	/	Revenue (A: Dec. 2022 )
	=	0.6	/	1.148
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(1.148 - 0.592)	/	1.148
	=	48.43 %

Specificity's Gross Margin for the quarter that ended in Sep. 2023 is calculated as

Gross Margin % (Q: Sep. 2023 )	=	Gross Profit (Q: Sep. 2023 )	/	Revenue (Q: Sep. 2023 )
	=	0.3	/	0.32
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(0.32 - 0.026)	/	0.32
	=	91.88 %

A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.

Specificity (OTCPK:SPTY) Gross Margin % Explanation

Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.

Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %

1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key

Specificity had a gross margin of 91.88% for the quarter that ended in Sep. 2023 => Durable competitive advantage

Be Aware

If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.

Specificity Gross Margin % Related Terms

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Specificity (Specificity) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Specificity Inc (OTCPK:SPTY) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

N/A

Address

410 Ware Boulevard, Suite 508, Tampa, FL, USA, 33619

Website

https://www.specificityinc.com

Specificity Inc is a full-service digital marketing firm that delivers cutting-edge marketing solutions to business to business clients as well as business to consumer clients. The company offers host of marketing services including Email Marketing, Automated Marketing, Retargeting Marketing ,Content Marketing, Social Media Content Creation, Digital Production Marketing, Creating Brand Standard, Logo Creation It builds digital marketing campaigns for all sorts of businesses, small to large, all over the country.

Executives

Jason Allen Wood	director, 10 percent owner, officer: CHIEF EXECUTIVE OFFICER	14213 SUNDIAL PL, LAKEWOOD RANCH FL 34202-5894
Kevin Frisbie	director	PO BOX 714, LEWISTON ME 04243
William Mark Anderson	director, officer: CHIEF OPERATING OFFICER	2215 E 4TH AVE, TAMPA FL 33605-5409