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Earth Science Tech, Inc. Boosts Share Repurchase Program to $10 Million and Extends Authorization Through 2027
Globenewswire· 2025-08-20 12:45
Core Viewpoint - Earth Science Tech, Inc. has approved a significant enhancement and a two-year extension of its common stock repurchase program, increasing total authorization to $10 million, which will now run through December 31, 2027 [1][2][3] Repurchase Program Details - The company has already deployed over $1.8 million to repurchase 20,834,214 shares since the program's inception on January 29, 2024, reflecting a commitment to enhancing shareholder value [2][4][8] - The remaining authorization for the repurchase program is $8,169,104.50, with the new expiration date set for December 31, 2027 [8] Company Overview - Earth Science Tech, Inc. operates as a strategic holding company focused on acquiring and scaling high-potential businesses, with current operations in compounding pharmaceuticals, telemedicine, and real estate development through its subsidiaries [5][6] - The company's subsidiaries include RxCompoundStore.com, Peaks Curative, Avenvi, Mister Meds, and others, each specializing in different aspects of healthcare and real estate [5][7][9]
Earth Science Tech, Inc. Reports 61% Asset Growth to $7.69 Million and $8.7 Million in First Quarter Revenue Following Foundational Quarter of Strategic Acquisitions
Globenewswire· 2025-08-08 20:50
Core Insights - Earth Science Tech, Inc. (ETST) reported significant financial and operational developments for the first fiscal quarter ending June 30, 2025, highlighting a strategic shift towards maximizing the value of its current divisions after a period of acquisitions [1][2]. Financial Highlights - Total assets increased by 61% to $7.69 million as of June 30, 2025, compared to $4.77 million in the prior-year period [5]. - Revenue generated was $8.7 million as of June 30, 2025, up from $8.5 million in the prior-year period [5]. - The company reduced total common shares outstanding by 4.78% to 294,297,607 as of June 30, 2025, down from 309,067,711 shares in the prior-year period [5]. - Cash and cash equivalents reported at $0.88 million, a decrease from $1.38 million in the prior-year period due to capital deployment for acquisitions [5]. Strategic and Operational Updates - ETST executed its growth strategy by acquiring 100% of Las Villas Health Care, Inc. and DOConsultation, LLC, enhancing its healthcare offerings [5]. - The company secured 80% ownership of Magnefuse, LLC, and Alicat, LLC, expanding its direct-to-consumer brand portfolio [5]. - A new customer service center was established in Doral, FL, to centralize support operations across all divisions [5]. - The company joined the OTCID Tier on the OTC Markets, improving disclosure and transparency for investors [5]. - Mister Meds, LLC is now fully operational and actively dispensing in Texas, while Avenvi, LLC has commenced its first residential development project [5].
Earth Science Tech, Inc. Qualifies for and Joins New OTCID Tier
Globenewswire· 2025-07-01 12:45
Core Insights - Earth Science Tech, Inc. (ETST) has qualified for and been listed on the newly launched OTCID tier of the OTC Markets, reflecting its commitment to enhanced disclosure and compliance standards [1][2] - The CEO, Giorgio R. Saumat, highlighted the company's significant turnaround over the past two years and expressed optimism about future growth and increased investor confidence due to this new designation [3] Company Overview - ETST operates as a strategic holding company focused on acquiring and optimizing high-potential businesses, with current operations in compounding pharmaceuticals, telemedicine, and real estate development through various subsidiaries [4] - The company's subsidiaries include RxCompoundStore.com, Peaks Curative, Avenvi, Mister Meds, and others, each specializing in different aspects of healthcare and real estate [4][10] Subsidiary Highlights - **RxCompoundStore.com**: A fully licensed compounding pharmacy serving multiple states and actively pursuing licensure in remaining U.S. states [5] - **Mister Meds**: A compounding pharmacy in Texas that received full licensure in March 2025 and is expanding its service area [6] - **Peaks Curative**: A telemedicine platform offering consultations for compounded medications and recently expanded into the veterinary market [7] - **Las Villas Health Care**: A healthcare facility focused on the Spanish-speaking community, providing specialized health services [8] - **Avenvi**: A diversified real estate company managing development and financing activities, overseeing a $5 million share repurchase program [10] - **Earth Science Foundation**: A nonprofit organization supporting individuals with financial needs for prescription costs [11]
Earth Science Tech, Inc. Reports Fiscal Year-End Results for March 31, 2025, with Revenue Exceeding $33.1 Million and Net Profit of $3.2 Million
Globenewswire· 2025-06-26 22:15
Company Overview - Earth Science Tech, Inc. operates as a strategic holding company focused on value creation through acquisition, operational optimization, and management of its operating businesses [1] - The company's current operations include compounding pharmaceuticals, telemedicine, and real estate development through its subsidiaries [1] Financial Performance - Cash increased to $1,473,228 as of March 31, 2025, up from $697,721 as of March 31, 2024, representing a 111.15% year-over-year improvement [4] - Total assets rose to $7,066,721, compared to $3,881,336 as of March 31, 2024, marking an 82.07% year-over-year increase [4] - Revenue for the fiscal year reached $33,117,624, a significant increase from $11,953,635 for the year ended March 31, 2024, reflecting a 177.05% year-over-year growth [4] - Gross profit was reported at $24,300,136, compared to $7,828,496 for the previous year, indicating a 210.41% year-over-year improvement [4] - Net profit increased to $3,253,635, up from $812,139 for the year ended March 31, 2024, representing a 300.63% year-over-year growth [4] - Outstanding shares decreased to 295,347,903 from 309,981,819 as of March 31, 2024, a reduction of 4.72% [4] Subsidiaries and Operations - RxCompoundStore.com, LLC is a fully licensed compounding pharmacy operating in multiple states and territories, actively pursuing licensure in remaining U.S. states [2] - Mister Meds, acquired on October 1, 2024, received full compounding licensure in March 2025 and operates a facility with advanced sterile compounding capabilities [3] - Peaks Curative, LLC is a telemedicine referral platform offering consultations for compounded medications prepared at RxCompound and Mister Meds [4] - Las Villas Health Care, Inc. provides healthcare services to the Spanish-speaking community, focusing on advanced sexual health treatments [5] - Avenvi, LLC is engaged in real estate development and asset management, overseeing a $5 million share repurchase program [6] - MagneChef is a direct-to-consumer retail brand developing new cooking products utilizing its patents and intellectual properties [7]
Hims & Hers Health, Inc. Shareholders Who Lost Money on Their Investment are Encouraged to Contact Johnson Fistel about the Class Action Investigation
GlobeNewswire News Room· 2025-06-24 22:44
Core Viewpoint - Johnson Fistel, PLLP is investigating potential claims on behalf of investors of Hims & Hers Health, Inc. regarding possible violations of federal securities laws, particularly related to alleged misrepresentations and omissions by the company and its executives [1][2] Group 1: Legal and Regulatory Issues - Novo Nordisk terminated its collaboration with Hims & Hers Health due to serious concerns over the company's sale of compounded medications marketed as personalized treatments, alleging that Hims may have violated regulations by mass-distributing semaglutide-based drugs that could contain unauthorized foreign substances [3] Group 2: Investor Information - Investors who purchased Hims & Hers securities and incurred significant losses may be eligible to participate in a potential class action to recover their losses [2]