Giorgio R. Saumat, CEO of Earth Science Tech, Inc. (OTC:ETST), has recently purchased shares of the company worth a total of $12,871. The transactions, disclosed in a recent SEC filing, took place on November 20, 2024, and involved a series of open market purchases. Saumat acquired 75,102 shares at prices ranging from $0.16 to $0.18 per share.
These purchases increase Saumat's direct ownership stake in the company, with a total of 121,787,628 shares now held following the transactions. Earth Science Tech, Inc., based in Miami, Florida, operates in the pharmaceutical preparations industry.
In other recent news, Earth Science Tech, a Florida-based biotechnology firm, has made significant strides with strategic acquisitions and a new brand launch. The company recently finalized the purchase of Avenvi, LLC, a real estate holding entity, and Mister Meds, LLC, a Texas-based firm. These acquisitions include undeveloped residential land, a commercial property, and Avenvi's cash holdings. Concurrently, Earth Science Tech launched Zoolzy, a brand offering specialized medications for pets and wildlife.
In addition to these developments, Earth Science Tech has restructured its executive compensation. As part of a new twelve-month Employment Agreement, CEO Giorgio R. Saumat and COO Mario G. Tabraue will receive eighteen percent and twelve percent of the company's monthly cash receipts, respectively, contingent on the company's net profit growing quarter over quarter. Furthermore, COO Mario G. Tabraue has agreed to step down from all his current positions within the company's wholly-owned subsidiaries to focus solely on his responsibilities as COO.
Also, Earth Science Tech has repurchased 11,545,898 shares of its common stock as part of a $5 million repurchase program. The company has also relocated its principal office to a new address in Miami, FL, adding approximately 1,125 square feet to the existing administrative space. These are the recent developments within the company.
InvestingPro Insights
The recent insider buying by CEO Giorgio R. Saumat aligns with several positive indicators for Earth Science Tech, Inc. (OTC:ETST). According to InvestingPro data, the company has experienced remarkable revenue growth, with a 1124.57% increase in the last twelve months as of Q2 2025. This explosive growth is further evidenced by a 341.92% quarterly revenue increase in Q2 2025.
InvestingPro Tips highlight that management has been aggressively buying back shares, which, coupled with Saumat's recent purchases, suggests strong confidence in the company's future prospects. Additionally, ETST has achieved a perfect Piotroski Score of 9, indicating robust financial health and operational efficiency.
The company's profitability is noteworthy, with a gross profit margin of 71.3% and an operating income margin of 12.34% in the last twelve months. Earth Science Tech's return on assets stands at an impressive 56.3%, demonstrating effective use of its assets to generate profits.
Despite these positive indicators, investors should note that ETST is trading at a high Price / Book multiple of 15.15, which may suggest the stock is relatively expensive compared to its book value. The company also does not pay a dividend, which may be a consideration for income-focused investors.
For those interested in a deeper analysis, InvestingPro offers 9 additional tips for Earth Science Tech, providing a more comprehensive view of the company's financial health and market position.
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