Earth Science Tech, Inc. (OTC: ETST) announced financial results for the fiscal year ended March 31, 2026, demonstrating steady growth across key metrics. The company reported revenue of $35.7 million, an 8% increase from the prior year, with gross profit rising 5% to $25.5 million. Net income grew 11% to $3.6 million, reflecting improved operational efficiency and strategic investments in its healthcare platform. Total assets increased 27% year over year to $9.0 million, underscoring the company's expanding footprint in telemedicine, pharmacy, and fulfillment services.
Management attributed the performance to the successful integration of its subsidiaries and a focus on cost management. The company also highlighted its capital allocation strategy, noting that it repurchased and retired more than 4 million shares during fiscal 2026 and over 7.1 million shares through fiscal 2026 and subsequent periods. This share repurchase program, combined with positive operating cash flow and a debt-free balance sheet, positions Earth Science Tech to pursue growth initiatives without financial strain.
As the company enters fiscal 2027, it remains focused on product expansion, continued share repurchases, and strengthening its vertically integrated healthcare model. The core of Earth Science Tech's value proposition lies in the seamless integration of patient care from consultation to fulfillment, achieved through the synergy of specialized subsidiaries. For more details, the full press release is available at https://ibn.fm/NpjTw.
Earth Science Tech operates as a diversified holding company in the health and wellness sector, combining compounding pharmacy operations, telemedicine platforms, clinical support, and direct-to-patient fulfillment. Its healthcare operations are supported by investments in real estate and asset management activities. The company's disciplined approach to capital allocation and focus on organic growth have contributed to its financial stability and market positioning.
Investors seeking the latest news and updates on ETST can visit the company's newsroom at https://ibn.fm/ETST. The company's ability to generate higher earnings while reducing share count demonstrates its commitment to shareholder value. With a strong balance sheet and no additional debt, Earth Science Tech is well-positioned to capitalize on opportunities in the evolving healthcare landscape.
