Earth Science Tech, Inc.

For the quarter ended September 30, management said Earth Science Tech lost $228,000 and ended with $1,205 in cash. No revenue, EPS, or gross margin figures were stated on the call. Looking ahead, management said it is working toward cash flow positive, but would not commit to a firm date; one answer suggested it could be “early to mid-next year” if progress continues. They also said they are aiming to complete audits, file a super 8-K, remedy the 211 portal issue, and apply for OTCQB, potentially by the end of the year or early next year.

Giorgio Saumat framed the quarter as largely a transition period because the company had been “basically a shell” and emphasized that the real story is the post-quarter transformation. He said the merger with RxCompound Store and Peaks converts ETST into a holding entity and that the company is actively pursuing additional acquisitions. His tone was upbeat and forward-looking, but he was careful not to provide hard dates on the board, cash flow, or other milestones.

Nickolas Tabraue focused on liquidity, balance sheet cleanup, and the operational bridge to cash flow positive. He said the company had only $1,205 in cash at quarter-end, but management believes it currently has enough cash on hand to fund operations while it continues reducing liabilities with creditors. He also said he and Mario agreed to no executive compensation until the company becomes cash flow positive, and that the board should help decide future compensation and cash use once the company reaches that milestone.

Analyst questions centered on the timing of cash flow positivity, independent directors, cash sufficiency, the sterile room, OTCQB timing, state licensing, and what would happen with excess cash. Management said the sterile room and hazardous room are important because they expand compounding capacity, especially injectables, and could become a major revenue driver; they also said Florida and New York are currently licensed while other states are coming later. On OTCQB, they said the path depends on completing audits and filings, with a target of later this year or early next year, but acknowledged some factors are outside their control.