Earth Science Tech, Inc. (ETST) reported significant financial growth for the three and six months ended September 30, 2024, compared to the same periods in the previous fiscal year. Total revenue for the three months reached $8.5 million, a substantial increase from $1.9 million in the prior year. For the six-month period, revenue surged to $17.1 million, up from $2.1 million. This growth is attributed to the company's focus on the health and wellness sector, particularly through its subsidiaries, including RxCompoundStore.com, LLC, and Peaks Curative, LLC.

Gross profit for the three months ended September 30, 2024, was reported at $6.3 million, compared to $1.2 million in the same period last year. For the six months, gross profit rose to $12.7 million from $1.3 million. However, total expenses also increased significantly, with three-month expenses rising to $5.4 million from $701,750, and six-month expenses reaching $10.8 million from $924,930. Despite the rise in expenses, the company achieved a net operating income of $829,560 for the three months and $1.9 million for the six months, compared to $479,944 and $405,333, respectively, in the previous year.

Net income before taxes for the three months ended September 30, 2024, was $826,717, up from $444,581 in the prior year. For the six-month period, net income before taxes increased to $1.9 million from $357,372. The net income for the three months was $798,368, compared to $444,581 in the same period last year, while for the six months, net income rose to $1.9 million from $357,372.

As of September 30, 2024, total current assets increased to $2.3 million from $1.3 million as of March 31, 2024. Total assets also rose to $5.0 million from $3.9 million, while total liabilities increased to $1.8 million from $1.6 million. Stockholders’ equity improved to $3.2 million from $2.2 million.

The company reported a net cash provided by operating activities of $1.9 million for the six months ended September 30, 2024, compared to $127,910 in the previous year. Cash and cash equivalents at the end of the period were $1.5 million, up from $187,650 a year earlier.

Earth Science Tech continues to expand its operations, with RxCompound currently licensed in 22 states and plans to broaden its telemedicine offerings through Peaks. The company is also focused on enhancing its subscription model and increasing its market presence in the health and wellness industry.