Earth Science Tech, Inc., Reports its June 30, 2024, Quarter Results, Recording Over $8.5M in Revenue and $1.07M in Net Profit
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) ha riportato risultati finanziari impressionanti per il trimestre conclusosi il 30 giugno 2024. L'azienda, focalizzata sull'industria della salute e del benessere, ha registrato significativi miglioramenti in vari indicatori finanziari rispetto allo stesso periodo del 2023:
Il fatturato è aumentato a $8.568.918, con un incremento del 3.796,13% rispetto ai $219.934 dell'anno precedente. Il profitto lordo è salito a $6.410.434, in crescita del 4.208,99% rispetto ai $148.769. L'azienda ha raggiunto un utile netto di $1.076.254, rispetto a una perdita di $35.596 nel 2023, segnando un miglioramento del 3.123,53%.
La posizione finanziaria di ETST si è anche rafforzata, con liquidità aumentata del 1.404,97% a $1.384.407 e attività totali cresciute del 62,04% a $4.772.247. Questi risultati dimostrano una notevole crescita e una maggiore redditività per Earth Science Tech nel settore della salute e del benessere.
Earth Science Tech, Inc. (OTC: ETST) ha reportado resultados financieros impresionantes para el trimestre que terminó el 30 de junio de 2024. La compañía, centrada en la industria de la salud y el bienestar, vio mejoras significativas en varios indicadores financieros en comparación con el mismo período de 2023:
Los ingresos aumentaron a $8.568.918, un incremento del 3.796,13% desde $219.934 del año anterior. La utilidad bruta ascendió a $6.410.434, un aumento del 4.208,99% desde $148.769. La compañía logró un beneficio neto de $1.076.254, en comparación con una pérdida de $35.596 en 2023, marcando una mejora del 3.123,53%.
La posición financiera de ETST también se fortaleció, con efectivo que aumentó en un 1.404,97% a $1.384.407 y activos totales creciendo en un 62,04% a $4.772.247. Estos resultados demuestran un crecimiento sustancial y una rentabilidad mejorada para Earth Science Tech en el sector de la salud y el bienestar.
지구 과학 기술 주식회사 (OTC: ETST)는 2024년 6월 30일로 끝나는 분기에 대한 인상적인 재무 결과를 보고했습니다. 건강 및 웰니스 산업에 중점을 둔 이 회사는 2023년 같은 기간과 비교하여 주요 재무 지표에서 상당한 개선을 보였습니다:
수익은 $8,568,918로 증가했으며, 이는 지난해 $219,934에서 3,796.13% 증가한 수치입니다. 총 이익은 $6,410,434로 증가했으며, 이는 $148,769에서 4,208.99% 증가한 것입니다. 회사는 2023년 $35,596의 손실에 비해 순이익으로 $1,076,254을 기록하여 3,123.53% 개선되었습니다.
ETST의 재무 상태도 강화되었으며, 현금이 1,404.97% 증가하여 $1,384,407에 이르고, 총 자산이 62.04% 증가하여 $4,772,247에 이릅니다. 이러한 결과는 건강 및 웰니스 분야에서 Earth Science Tech의 상당한 성장과 개선된 수익성을 보여줍니다.
Earth Science Tech, Inc. (OTC: ETST) a rapporté des résultats financiers impressionnants pour le trimestre se terminant le 30 juin 2024. L'entreprise, axée sur l'industrie de la santé et du bien-être, a connu des améliorations significatives dans plusieurs indicateurs financiers par rapport à la même période en 2023 :
Le chiffre d'affaires a grimpé à 8.568.918 $, soit une augmentation de 3.796,13 % par rapport à 219.934 $ l'année précédente. Le bénéfice brut a augmenté à 6.410.434 $, en hausse de 4.208,99 % par rapport à 148.769 $. L'entreprise a enregistré un bénéfice net de 1.076.254 $, contre une perte de 35.596 $ en 2023, marquant une amélioration de 3.123,53 %.
La position financière d'ETST s'est également renforcée, avec une trésorerie ayant augmenté de 1.404,97 % pour atteindre 1.384.407 $ et un actif total ayant crû de 62,04 % pour atteindre 4.772.247 $. Ces résultats démontrent une croissance substantielle et une rentabilité améliorée pour Earth Science Tech dans le secteur de la santé et du bien-être.
Earth Science Tech, Inc. (OTC: ETST) hat beeindruckende finanzielle Ergebnisse für das am 30. Juni 2024 endende Quartal veröffentlicht. Das Unternehmen, das sich auf die Gesundheits- und Wellnessbranche konzentriert, verzeichnete im Vergleich zum gleichen Zeitraum im Jahr 2023 bedeutende Verbesserungen in wichtigen finanziellen Kennzahlen:
Der Umsatz stieg auf 8.568.918 $, was einem Anstieg von 3.796,13 % gegenüber 219.934 $ im Vorjahr entspricht. Der Bruttogewinn erhöhte sich auf 6.410.434 $, was einem Anstieg von 4.208,99 % gegenüber 148.769 $ entspricht. Das Unternehmen erzielte einen Nettogewinn von 1.076.254 $, verglichen mit einem Verlust von 35.596 $ im Jahr 2023, was eine Verbesserung von 3.123,53 % darstellt.
Die finanzielle Lage von ETST hat sich ebenfalls verbessert, da Barmittel um 1.404,97 % auf 1.384.407 $ gestiegen sind und Gesamtvermögen um 62,04 % auf 4.772.247 $ gewachsen ist. Diese Ergebnisse zeigen ein wesentliches Wachstum und eine verbesserte Rentabilität von Earth Science Tech im Gesundheits- und Wellnesssektor.
- Revenue increased by 3,796.13% to $8,568,918
- Gross profit grew by 4,208.99% to $6,410,434
- Net profit of $1,076,254, compared to a loss in the previous year
- Cash position improved by 1,404.97% to $1,384,407
- Total assets increased by 62.04% to $4,772,247
- None.
Miami, FL, July 29, 2024 (GLOBE NEWSWIRE) -- Earth Science Tech, Inc. (OTC: ETST) (“ETST” or “Company”), a holding entity currently focused on the health and wellness industry, today shares its financial results from its quarter ended June 30, 2024.
For the three-month quarter ended June 30, 2024, the Company recorded:
$1,384,407 in Cash, versus$91,989 in the quarter ended June 30, 2023, a$1,292,418 increase. Resulting in a 1,404.97% improvement between both periods.$4,772,247 in Total Assets, versus$2,945,143 in the quarter ended June 30, 2023, a$1,827,104 increase. Resulting in a62.04% improvement between both periods.$8,568,918 in Revenue, versus$219,934 in the quarter ended June 30, 2023, a$8,348,984 increase. Resulting in a 3,796.13% improvement between both periods.$6,410,434 in Gross Profit, versus$148,769 in the quarter ended June 30, 2023, a$6,261,665 increase. Resulting in a 4,208.99 % improvement between both periods.$1,076,254 in Net Profit, versus a loss of$35,596 in the quarter ended June 30, 2023, a$1,111,850 increase. Resulting in a 3,123.53% improvement between both periods.
About Earth Science Tech, Inc.
Earth Science Tech, Inc. is a holding entity currently in compounding pharmaceuticals and telemedicine through its wholly owned subsidiaries RxCompoundStore.com, LLC., Peaks Curative, LLC. and Earth Science Foundation, Inc.
To learn more, please visit: www.EarthScienceTech.com
RxCompoundStore.com, LLC.
RxCompound is a complete compounding pharmacy. RxCompound is currently licensed to fulfill prescriptions in the states of Delaware, Florida, Pennsylvania, New York, Arizona, New Jersey, Wisconsin, Minnesota, Rhode Island, Utah, Georgia, Nevada, Massachusetts, Missouri, Iowa, Maryland, Ohio, Colorado, North Carolina, Maine, Indiana and Illinois. RxCompound is in the application process to obtain licenses in the remaining states in which it is not yet approved to ship prescriptions.
To learn more please visit: www.RxCompoundStore.com
About Peaks Curative, LLC.
Peaks is the telemedicine referral site facilitating asynchronous consultations for branded compound medications prepared at RxCompound. Peaks is currently positioned to prescribe to all 50 states utilizing third-party consultation services, but only able to fulfill prescriptions within RxCompound’s licensed states. Peaks will be able to fulfill more states as RxCompound becomes licensed in additional states.
To learn more please visit: www.PeaksCurative.com
About Earth Science Foundation, Inc.
Earth Science Foundation Inc. is a favored entity of the Company, effectively being a non-profit organization that was incorporated on February 11, 2019, and is structured to accept grants and donations to help those in need of assistance in paying for prescriptions.
SAFE HARBOR ACT: Forward-looking statements are included within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, as amended. All statements regarding the Company’s expected future financial position, results of operations, cash flows, financing plans, business strategy, products and services, competitive positions, growth opportunities, plans and objectives of management for future operations or listing on an exchange — including words such as “anticipate,” “if,” “believe,” “plan,” “estimate,” “expect,” “intend,” “may,” “could,” “should,” “will” and other similar expressions — are forward-looking statements and involve risks, uncertainties and contingencies, many of which are beyond the Company’s control and may cause actual results, performance or achievements to differ materially from anticipated results, performance or achievements. The Company is under no obligation to (and expressly disclaims any such obligation to) update or alter its forward-looking statements, whether as a result of new information, future events or otherwise. There are no assurances that the Company will complete additional acquisitions or will be successful in being approved for a NASDAQ listing. No information in this press release should be construed in any manner whatsoever as an indication of the future performance of the Company’s revenues, financial condition or stock price.
Company Contact:
Giorgio R. Saumat
CEO and Chairman of the Board
(305) 724-5684
grsaumat@earthsciencetech.com
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