“Strategy is important. EXECUTION is everything.”
Financial Results:
As of
$187,694 in cash, versus$1,205 in the quarter endedSeptember 30, 2022 , and a$151,893 increase compared to the year endedMarch 31, 2023 .$3,041,344 in assets, versus$355,762 in the quarter endedSeptember 30, 2022 , and a 13% increase compared to the year endedMarch 31, 2023 .$1,927,720 in revenue, versus$0 in the quarter endedSeptember 30, 2022 , and a$1,879,183 increase compared to the year endedMarch 31, 2023 .$1,181,494 in gross profit, versus a$0 in the quarter endedSeptember 30, 2022 , and a$1,159,434 increase compared to the year endedMarch 31, 2023 .$444,581 in net profit, versus a$73,678 loss in the quarter endedSeptember 30, 2022 , and a$823,847 increase compared to the year endedMarch 31, 2023 .$1,107,704 in liabilities, a 54% decrease compared to the quarter endedSeptember 30, 2022 , and a 31% decrease compared to the year endedMarch 31, 2023 .$3,041,344 in Stockholders Equity, versus 355,762 in the quarter endedSeptember 30, 2022 , and a 13% increase compared to the year endedMarch 31, 2023 .
Highlights:
- RxCompoundStore.com is currently licensed in 18 States while 9 additional States have been applied to.
- Peaks Curative has officially launched and is currently operating PeakNow.com, MySexGummy.com and ViagraMia.com to target Men’s sexual health.
- Peaks Curative is currently developing various properties including MyOnlineConsultation.com, WLSolution.com, ClearupSkincare.com, ScreamCream.net, iHairSolution.com, as well as other online properties, in order to diversify the Peaks portfolio and increase sales.
- The Company has expanded its Board of Directors to 5 members, including 2 independent directors.
- The Company is currently evaluating its options including but not limited to acquisitions, dividends and/or buyback of its common stock as proper deployment of its free cash flow.
ETST’s CEO and Chairman of the Board,
Management had projected 2M in revenue for the next twelve months after our 1st quarter report, and basically met that number in the 2nd quarter alone, far exceeding my expectations. I’m extremely proud of the entire team at ETST and look forward to the continued execution of the Company’s growth plan.
Management planned the strategy; now the team is executing it.”
About
To learn more, please visit: www.EarthScienceTech.com
RxCompound is a complete compounding pharmacy. RxCompound is currently licensed to fulfill prescriptions in the states of
To learn more please visit: www.RxCompoundStore.com
About
Peaks is a telemedicine referral site focused on men’s health. Peaks’ orders are exclusively fulfilled by RxCompound. Patients who order Peaks via monthly subscription receive their refills automatically. Currently, Peaks is focused on Men’s health, and, more specifically, ED. The company intends to expand offerings to include over the counter (“OTC”) (non-prescription) products such as supplements and topicals. The OTC products will be custom manufactured or fulfilled through partnered companies under the Peaks brand and offered worldwide.
To learn more please visit: www.PeaksCurative.com
About
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 our 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, listing on the CSE, 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 our control, which may cause actual results, performance, or achievements to differ materially from anticipated results, performance, or achievements. We are under no obligation to (and expressly disclaim any such obligation to) update or alter our forward-looking statements, whether as a result of new information, future events or otherwise.
Company Contact:
CEO and Chairman of the Board
(305) 724-5684
grsaumat@earthsciencetech.com
Source:
2023 GlobeNewswire, Inc., source