ETST - NetworkNewsBreaks - Earth Science Tech Inc. (ETST) Attributes Increases in Distribution Demand for Upsurge in Revenues
Earth Science Tech (OTCQB: ETST), a Florida-based biotechnology company, recently reported a 66.4% increase in revenue during the 12 months ended March 31 compared to the same period of the previous year (http://nnw.fm/sXqz2). An article discussing the company reads, “In an annual report, filed with the SEC in July 2019, the company cited expanded distribution, increased customer awareness and rising demand for its branded, high-grade, full-spectrum cannabinoid products as factors driving the impressive performance. By cutting expenses from rising costs as product sales rose, ETST was able to maintain a 38.2% gross margin, the report noted, in addition to seeing a 52.9% jump in gross profit — from $192,886 in FY2018 to $295,013 in FY2019. . . . Details of the report show a 179% decline in bad debt expense, marking a savings of $56,131 as compared to $31,211 from the prior year. ETST also reported sharply higher sales and an efficient 37% cut in marketing expenses to $242,719 in FY2019 from $332,986 in FY2018.”
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About Earth Science Tech Inc.
Earth Science Tech offers the highest purity and quality high-grade, full-spectrum cannabinoid oil on the market. Studies by DV Biologics prove the company’s CBD-oil formulation lowers cortisol and functions as a neuroprotectant, with positive-result case studies through key health organizations. ETST formulates, markets and distributes the CBD oil used for these studies to the public, offering the most effective quality of CBD on the market. For more information, visit the company’s website at www.EarthScienceTech.com.
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