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Earth Science Te (ETST) delivers science-driven health solutions through innovative nutraceuticals, bioceuticals, and cosmeceuticals. This page provides investors and industry observers with direct access to official company announcements and verified news updates.
Track critical developments including new product launches, financial results, research milestones, and strategic partnerships. Our curated collection ensures stakeholders stay informed about ETST's advancements in biotechnology and natural health solutions.
All content undergoes strict verification to align with the company's commitment to scientific accuracy and transparency. Bookmark this page for real-time updates on regulatory approvals, market expansions, and innovations shaping the wellness industry.
Earth Science Tech, Inc. (OTC: ETST) has reported impressive financial results for the quarter ended June 30, 2024. The company, focused on the health and wellness industry, saw significant improvements across key financial metrics compared to the same period in 2023:
Revenue surged to $8,568,918, a 3,796.13% increase from $219,934 in the previous year. Gross profit rose to $6,410,434, up 4,208.99% from $148,769. The company achieved a net profit of $1,076,254, compared to a loss of $35,596 in 2023, marking a 3,123.53% improvement.
ETST's financial position also strengthened, with cash increasing by 1,404.97% to $1,384,407 and total assets growing by 62.04% to $4,772,247. These results demonstrate substantial growth and improved profitability for Earth Science Tech in the health and wellness sector.
Earth Science Tech, Inc. (OTC: ETST) announced its annual financial results for the fiscal year ending March 31, 2024, showcasing significant growth. The company reported $11.95 million in revenue, a remarkable 24,527.88% increase year-over-year (YOY), and a net profit of $812,139 compared to a loss of $365,405 the previous year, marking a 322.26% improvement. The total assets grew by 42.28% to $3.88 million, and cash reserves surged by 1,851.34% to $697,721. The gross profit also saw a substantial rise to $7.83 million, an increase of 35,387.28% YOY. Key operational highlights include the repurchase of 5,200,002 shares, the expansion of office and storage spaces, and enhancement of the Board of Directors with new members and the establishment of an audit committee. Additionally, the company expanded its workforce to 39 employees and 8 independent contractors. RxCompoundStore.com and Peaks Curative, , two of the company's subsidiaries, continue to expand their services and market presence in the health and wellness industry.
Earth Science Tech, Inc. (OTC: ETST) shares an annual letter from the CEO, highlighting significant accomplishments for the fiscal year ending March 31, 2024. The company has made substantial progress in various areas, such as expanding operations, hiring key personnel, repurchasing shares, and achieving impressive revenue growth. These achievements demonstrate management's dedication to shareholder value and strategic growth initiatives.
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