Earth Science Tech, Inc. Celebrates Remarkable Growth and Vision
Annual Growth and Vision for Earth Science Tech, Inc.
Earth Science Tech, Inc. (OTC: ETST) proudly shares its Annual Shareholder Letter, a reflection of a transformative fiscal year that emphasizes financial success, operational excellence, and forward-thinking strategy.
The last financial year has been a milestone for Earth Science Tech, showcasing significant strides in both growth and governance. As a strategic holding company, we have focused on acquiring and optimizing our subsidiaries to drive sustainable success and maximize shareholder value.
Financial Milestones of FY Ending March 31, 2025
Our commitment to operational excellence yielded extraordinary financial achievements this year. We are excited to report a projected net income of $3.6 million, a remarkable projected increase of 340% compared to the previous year. In terms of revenue, we anticipate surpassing $32 million, reflecting a 175% year-over-year increase. Furthermore, our earnings per share (EPS) are projected to be $0.01, indicating a solid return on investment for our shareholders.
Strengthening our financial foundation remains a priority, and we are pleased to report total assets projected at $7.2 million, representing an 85% growth year-on-year. This robust expansion demonstrates the successful deployment of capital into strategic investments that enhance the growth of our subsidiaries.
Strategic Initiatives and Enhancements
This year was also marked by our focus on optimizing operational frameworks across our subsidiaries. By strengthening our governance and fostering cross-subsidiary synergies, we have prepared Earth Science Tech for scalable growth. Our goal is to develop not only in size but also in longevity and sustainability.
Key Highlights from FY Ending March 31, 2025
- The Board of Directors expanded to seven members, adding two independent directors to enhance governance.
- A compensation committee was formed to oversee executive compensation with accountability.
- Our advancements have qualified us for listing on the new OTCID market, which will be effective in July.
- Our team has grown significantly, increasing from 42 to 76 employees, including contractors transitioning to full-time roles.
- The company has successfully repurchased over 20 million shares, strengthening shareholder value substantially.
- RxCompoundStore has increased its licensing footprint to 24 states, expanding its revenue through innovative formulations.
- Peaks Curative has diversified its offerings, including launching a new animal health product line to enhance sales.
- Our recent acquisition of Mister Meds, LLC, and other ventures is expected to contribute positively to our financial performance.
- New acquisitions have strengthened our portfolio, providing brick-and-mortar healthcare and telehealth solutions.
- With the acquisition of Magnefuse, we anticipate leveraging patents for further expansion into the retail market.
Looking Toward the Future
As we transition into the next fiscal year, our strategic vision is clear: to identify valuable growth opportunities while solidifying our operational bases and fostering innovation. With a healthy financial standing and a dedicated management team, we are poised for future success.
We wish to express our deepest gratitude to our shareholders for your unwavering trust. Our accomplishments over the past year result from our collective effort and mark only the beginning of a larger narrative we intend to write together.
We are committed to transparency and to focusing on enhancing shareholder value as we move forward.
Warm regards,
Giorgio R. Saumat
Chief Executive Officer
Earth Science Tech, Inc.
Frequently Asked Questions
What were the major financial highlights for Earth Science Tech, Inc.?
Earth Science Tech reported a projected net income of $3.6 million and anticipated revenue of over $32 million, significantly increasing from the previous fiscal year.
What strategic initiatives were implemented in the past year?
The company focused on enhancing governance structures, expanding the Board of Directors, and optimizing operational frameworks to facilitate scalable growth.
How many employees does Earth Science Tech currently have?
The company has grown its workforce to 76 employees, up from 42 in the previous year, with plans for further expansion and support of its team.
What new ventures has Earth Science Tech undertaken?
Recent acquisitions include Mister Meds, LLC and several healthcare ventures, aiming to strengthen product offerings and market presence.
What are the company's future plans?
Earth Science Tech aims to continue identifying and pursuing promising ventures, optimizing operations, and driving innovation to create long-term value for shareholders.
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