Specificity (Specificity) Retained Earnings : $-7.68 Mil (As of Sep. 2023)

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What is Specificity Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Specificity's retained earnings for the quarter that ended in Sep. 2023 was $-7.68 Mil.

Specificity's quarterly retained earnings declined from Mar. 2023 ($-7.27 Mil) to Jun. 2023 ($-7.73 Mil) but then increased from Jun. 2023 ($-7.73 Mil) to Sep. 2023 ($-7.68 Mil).

Specificity's annual retained earnings declined from Dec. 2020 ($-0.08 Mil) to Dec. 2021 ($-2.46 Mil) and declined from Dec. 2021 ($-2.46 Mil) to Dec. 2022 ($-6.80 Mil).

Specificity Retained Earnings Historical Data

The historical data trend for Specificity's Retained Earnings 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.

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Specificity Retained Earnings Chart

Specificity Annual Data

Trend

Dec20

Dec21

Dec22

Retained Earnings

-0.08

-2.46

-6.80

Specificity Quarterly Data
	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Retained Earnings	Get a 7-Day Free Trial						-4.74	-6.80	-7.27	-7.73	-7.68

Specificity Retained Earnings Calculation

Retained Earnings is the accumulated portion of net income that is not distributed to shareholders. Because the net income was not distributed to shareholders, shareholders' equity is increased by the same amount.

Of course, if a company loses, it is called retained losses, or accumulated losses.

Specificity (OTCPK:SPTY) Retained Earnings Explanation

Historically profitable companies sometimes have negative retained earnings. This is because they have cumulatively paid out more to shareholders than they reported in profits.

For example, in 2011, Microsoft had negative retained earnings. This does not mean the company lost more money than it made over the years. It just means it paid out more money than it earned.

If a company has negative retained earnings, investors should check the 10-year financial results. They should not assume that negative retained earnings prove a company has generally lost money in the past.

Of course, many companies with negative retained earnings have indeed lost money in the past.

Retained Earnings: Warren Buffett's Secret.

One of the most important indicators of durable competitive advantage. Net earnings can be paid out as dividends, used to buy back shares or retained for growth.

If the company loses more than it has accumulated, retained earnings is negative.

If a company isn't adding to its retained earnings, it isn't growing its net worth.

Rate of growth of retained earnings is good indicator whether it's benefiting from a competitive advantage.

Microsoft is negative because it chose to buyback stock and pay dividends.

The more earnings retained, the faster it grows and increases growth rate for future earnings.

Specificity (Specificity) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Specificity Inc (OTCPK:SPTY) » Definitions » Retained Earnings

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