MeritValue

SPECIFICITY, INC.

SPTYdata completeness 75%5 fiscal years on file

Data notes: no data for concept 'totalDebt'; no data for concept 'investmentsAtFairValue'; no data for concept 'netInvestmentIncome'; no data for concept 'gainsOnRealEstateSales'; no data for concept 'realEstateImpairment'; no data for concept 'dividendsPaid'; no data for concept 'incomeTaxExpense'

i. The business — what you’d actually own
FigureFY 2021FY 2022FY 2023FY 2024FY 2025
Revenue$749,0121$1.18M2$1.1M3$991,1434$1.09M4
Net income−$2.38M5−$3.78M6−$1.07M7−$615,2618−$554,0678
Operating cash flow−$1.11M9−$2M10−$603,65811−$361,87512−$149,37112
Capital expenditure$21,14213$10,28014———
Free cash flow (derived)−$1.13M9−$2.01M10———
Total debt—————
Cash & equivalents$637,84115$22,80816$49,14917$3,41318$1,98718
Diluted shares8.7M9.2M10.3M11.4M13.9M

Superscripts are receipts. Each links to the SEC filing the number came from (full list at the bottom).

ii. Your slice — ownership made literal
If you owned
shares
Net assets behind them
−$0.51
your share of equity
Profit it earned you last year
−$0.4
Free cash flow it threw off
—
Debt you’d be carrying
—

10 shares is a claim on −$0.51 of net worth that earned you −$0.4 last year.

iii. Is this a good business?
Moat signal · return on equity
— avg · 5y

Not enough data in the filings for a return-on-capital reading.

seeing a moat in the numbers →
Management signal · capital allocation
+61% shares · 5y

Share count is up 61% over 5 years — owners have been diluted. Worth asking what they got for it.

reading capital allocation →

Signals, not verdicts — read from the filings above. Numbers don’t prove a moat; they show its footprint. You decide.

iv. What it’s worth — engine v0.5.0
DCF · Growth Exit 10Y
not applicable
only 2 years of FCF (need ≥3) — model not applicable
DCF · Growth Exit 5Y
not applicable
only 2 years of FCF (need ≥3) — model not applicable
Earnings Power Value
not applicable
normalized (5y-median) earnings non-positive — EPV undefined
Graham Number
not applicable
diluted EPS missing or non-positive — Graham Number undefined

Different models answer different questions — which to trust when →

Sources — the receipts
  1. 10-K · period ending 2021-12-31 · accession 0001520138-23-000156 (Revenues)
  2. 10-K · period ending 2022-12-31 · accession 0001520138-25-000063 (Revenues)
  3. 10-K · period ending 2023-12-31 · accession 0001520138-25-000183 (Revenues)
  4. 10-K/A · period ending 2024-12-31 · accession 0001520138-26-000207 (Revenues)
  5. 10-K · period ending 2021-12-31 · accession 0001520138-23-000156 (NetIncomeLoss)
  6. 10-K · period ending 2022-12-31 · accession 0001520138-25-000063 (NetIncomeLoss)
  7. 10-K · period ending 2023-12-31 · accession 0001520138-25-000183 (NetIncomeLoss)
  8. 10-K/A · period ending 2024-12-31 · accession 0001520138-26-000207 (NetIncomeLoss)
  9. 10-K · period ending 2021-12-31 · accession 0001520138-23-000156 (NetCashProvidedByUsedInOperatingActivities)
  10. 10-K · period ending 2022-12-31 · accession 0001520138-25-000063 (NetCashProvidedByUsedInOperatingActivities)
  11. 10-K · period ending 2023-12-31 · accession 0001520138-25-000183 (NetCashProvidedByUsedInOperatingActivities)
  12. 10-K/A · period ending 2024-12-31 · accession 0001520138-26-000207 (NetCashProvidedByUsedInOperatingActivities)
  13. 10-K · period ending 2021-12-31 · accession 0001520138-23-000156 (PaymentsToAcquirePropertyPlantAndEquipment)
  14. 10-K · period ending 2022-12-31 · accession 0001520138-25-000063 (PaymentsToAcquirePropertyPlantAndEquipment)
  15. 10-K · period ending 2021-12-31 · accession 0001520138-23-000156 (CashAndCashEquivalentsAtCarryingValue)
  16. 10-K · period ending 2022-12-31 · accession 0001520138-25-000063 (CashAndCashEquivalentsAtCarryingValue)
  17. 10-K · period ending 2023-12-31 · accession 0001520138-25-000183 (CashAndCashEquivalentsAtCarryingValue)
  18. 10-K/A · period ending 2024-12-31 · accession 0001520138-26-000207 (CashAndCashEquivalentsAtCarryingValue)