Earth Science Tech Reports Strong Q3 Growth While Strengthening Governance Framework

Earth Science Tech Inc. (OTC: ETST) reported fiscal third quarter 2026 revenue of $8.4 million, representing a 14.1% year-over-year increase, with gross margin expanding to 76.3% and adjusted EBITDA rising to $1.2 million. The company's financial performance comes as healthcare delivery faces competing pressures between consumer demand for faster, more personalized care and institutional requirements for stronger compliance, reporting, and audit readiness. For multi-subsidiary healthcare operators like ETST, the challenge lies in scaling responsibly across jurisdictions, products, and clinical workflows while maintaining governance and financial discipline.

The company's telemedicine platform, Peaks, surpassed $2.0 million in revenue in less than a year, demonstrating rapid adoption in a market where virtual visits have become normalized. Earth Science Tech is pursuing additional state licenses to expand its geographic footprint, reflecting the regulatory complexity inherent in multi-jurisdictional healthcare operations. As pharmacy and fulfillment models increasingly compete on speed, service, and regulatory execution, companies must navigate varying state requirements while maintaining consistent service quality and compliance standards.

In a significant governance move, ETST engaged Semple, Marchal and Cooper, LLP as its independent PCAOB auditor, a step management framed as necessary as consolidated accounting complexity increases with the company's growth. This decision reflects the broader industry trend where healthcare operators must strengthen financial controls as they expand across different business segments and regulatory environments. The company operates as a strategic holding company that builds value by acquiring and actively managing operating businesses in pharmaceuticals, telemedicine, healthcare services, real estate, and select consumer markets.

The latest news and updates relating to ETST are available in the company's newsroom at https://ibn.fm/ETST. This development illustrates how healthcare companies must simultaneously pursue growth opportunities while implementing robust governance structures to ensure long-term sustainability in an increasingly regulated industry. The balance between expansion and control becomes particularly critical as companies operate across multiple healthcare segments with different regulatory requirements and operational challenges.