Welcome to our dedicated page for Earth Science Te news (Ticker: ETST), a resource for investors and traders seeking the latest updates and insights on Earth Science Te stock.
Earth Science Tech, Inc. (OTC: ETST) is a Florida-based strategic holding company focused on healthcare, pharmaceutical preparations, real estate development, and consumer brands. Its news flow provides insight into how the company executes its strategy of acquiring, optimizing, and managing operating businesses across compounding pharmacies, telemedicine platforms, brick-and-mortar healthcare, and direct-to-consumer products.
Investors following ETST news will find regular updates on regulatory milestones, financial performance, and portfolio developments. Recent releases highlight the company’s formal identification under SIC code 2834 as a pharmaceutical entity, its transition away from legacy CBD-related classifications, and its engagement with investor relations firms to expand outreach. News items also cover its qualification for the OTCID tier of the OTC Markets and FINRA’s processing of a Form 211 for the initiation of priced quotations.
Operational updates frequently focus on subsidiaries such as RxCompoundStore.com and Mister Meds, both compounding pharmacies; Peaks Curative, a telemedicine referral platform; Las Villas Health Care, a healthcare facility serving the Spanish-speaking community; DOConsultations, which coordinates home therapies; Avenvi, a real estate and investment arm; and MagneChef, a direct-to-consumer brand built on patents and intellectual property. Company news has also detailed actions around its share repurchase program and amendments to authorized share levels.
This page aggregates these disclosures so readers can track earnings announcements, regulatory filings referenced in press releases, pharmacy and telemedicine expansion, real estate initiatives, and consumer brand developments. For those researching ETST, the news stream offers a consolidated view of how Earth Science Tech communicates its progress, portfolio changes, and capital allocation decisions over time.
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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