Research Reports

Summary

Earth Science Tech, Inc. reported third fiscal quarter 2026 results with revenue of $8.4 million, up 14.1% year-over-year, gross margin of 76.3%, and net income of $910,000. The company rescinded prior employment agreements for CEO Giorgio R. Saumat and COO Mario G. Tabraue, reduced director compensation to $2,000 per Board meeting, and announced initiatives for cost savings and governance enhancements.

Key takeaways

Revenue $8.4 million for Q3 FY2026 ended December 31, 2025, up 14.1% from $7.4 million same quarter prior year
Net income $910,000, up 341% from $206,000 same quarter prior year
Gross profit $6.4 million at 76.3% margin vs. $5.1 million at 69.2% prior year
Rescinded employment agreements for CEO Giorgio R. Saumat and COO Mario G. Tabraue effective February 15, 2026
Board meeting compensation reduced to $2,000 per meeting for all directors including Jeff P.H. Cazeau and Emiliano Curia, MD
Repurchased 3,703,296 common shares for nine months ended December 31, 2025
Expects $1.4 million annualized savings and FY2026 net income of $4.7 million