Earth Science Tech, Inc. (OTC: ETST) announced fiscal first-quarter 2027 financial results, highlighted by a 57% year-over-year increase in net income to $715,697. Revenue reached $9.0 million, up 3% from the prior-year period. The company's gross profit rose to $6.3 million, and operating cash flow more than doubled to $707,131. Total assets increased to $10.4 million, and diluted earnings per share improved to $0.003 from $0.001.
During the quarter, Earth Science Tech repurchased and retired more than 3.7 million common shares without adding debt, reflecting a commitment to enhancing shareholder value. The company stated that all key operating subsidiaries remained profitable, and it continued expanding the licensing footprint of its compounding pharmacy operations across the United States. Management is also evaluating opportunities to broaden its telehealth and pharmacy fulfillment platforms.
These results underscore the effectiveness of Earth Science Tech's vertically integrated healthcare strategy, which combines compounding pharmacy, telemedicine, and direct-to-patient fulfillment. The company's ability to increase profitability while reducing share count and maintaining a debt-free position signals strong operational discipline and a focus on long-term growth.
Management will discuss the results and strategic initiatives at the annual shareholder meeting scheduled for Aug. 31, 2026. Investors will vote on proposals including the cancellation of the company's Series B Preferred Stock and hear updates on a potential exchange uplisting aimed at improving liquidity and market visibility.
The company's financial performance is particularly notable given the broader challenges in the healthcare sector. By achieving a 57% increase in net income and more than doubling operating cash flow, Earth Science Tech demonstrates its ability to execute on its business model and generate value for shareholders.
For more details on the press release, visit https://ibn.fm/WHicW. For the latest news and updates on ETST, see the company's newsroom at https://ibn.fm/ETST.
