RAYA
Income statement / Annual
Last year (2023), Erayak Power Solution Group Inc.'s total revenue was $20.32 M,
a decrease of 24.48% from the previous year.
In 2023, Erayak Power Solution Group Inc.'s net income was $1.22 M.
See Erayak Power Solution Group Inc.’s key income statements, including revenue, expenses, profit, and income.
| Period |
FY-2023
|
FY-2022
|
FY-2021
|
FY-2020
|
FY-2019
|
| Period Ended |
12/31/2023 |
12/31/2022 |
12/31/2021 |
12/31/2020 |
12/31/2019 |
| Operating Revenue |
$20.32 M
|
$26.91 M
|
$18.63 M
|
$14.12 M
|
$8.95 M
|
| Cost of Revenue |
$15.30 M |
$20.29 M |
$12.91 M |
$10.28 M |
$6.69 M |
| Gross Profit |
$5.02 M |
$6.62 M |
$5.72 M |
$3.84 M |
$2.25 M |
| Gross Profit Ratio |
0.25 |
0.25 |
0.31 |
0.27 |
0.25 |
| Research and Development
Expenses |
$1.18 M
|
$932,268.00
|
$986,885.00
|
$605,115.00
|
$508,855.00
|
| General & Administrative
Expenses |
$2.06 M
|
$936,724.00
|
$662,338.00
|
$713,799.00
|
$639,502.00
|
| Selling & Marketing
Expenses |
$722,529.00
|
$571,603.00
|
$397,492.00
|
$111,070.00
|
$197,729.00
|
| Selling, General &
Administrative Expenses |
$2.94 M
|
$1.51 M
|
$1.06 M
|
$824,869.00
|
$837,231.00
|
| Other Expenses |
$76,653.00 |
-$84,376.00 |
$14,625.00 |
$91,012.00 |
$67,095.00 |
| Operating Expenses |
$4.19 M |
$2.36 M |
$2.06 M |
$1.52 M |
$1.41 M |
| Cost And Expenses |
$19.58 M |
$22.65 M |
$14.97 M |
$11.80 M |
$8.11 M |
| Interest Income |
$88,109.00 |
$26,658.00 |
$34,051.00 |
$15,936.00 |
$52,927.00 |
| Interest Expense |
$492,104.00 |
$499,746.00 |
$451,689.00 |
$262,600.00 |
$52,927.00 |
| Depreciation &
Amortization |
$902,686.00
|
$267,739.00
|
$215,862.00
|
$148,194.00
|
$119,134.00
|
| EBITDA |
$2.81 M
|
$4.34 M
|
$3.70 M
|
$2.46 M
|
$1.28 M
|
| EBITDA Ratio |
0.14 |
0.19 |
0.23 |
0.21 |
0.14 |
| Operating Income Ratio
|
0.04
|
0.15
|
0.19
|
0.17
|
0.1
|
| Total Other
Income/Expenses Net |
$665,194.00
|
-$154,842.00
|
$210,957.00
|
$290,422.00
|
$216,573.00
|
| Income Before Tax |
$1.41 M |
$3.91 M |
$3.70 M |
$2.60 M |
$1.11 M |
| Income Before Tax Ratio
|
0.07
|
0.15
|
0.2
|
0.18
|
0.12
|
| Income Tax Expense |
$193,246.00 |
$437,771.00 |
$301,916.00 |
$385,741.00 |
$158,068.00 |
| Net Income |
$1.22 M |
$3.48 M |
$3.39 M |
$2.21 M |
$951,183.00 |
| Net Income Ratio |
0.06 |
0.13 |
0.18 |
0.16 |
0.11 |
| EPS |
0.1 |
0.29 |
0.28 |
0.18 |
0.0793 |
| EPS Diluted |
0.1 |
0.29 |
0.28 |
0.18 |
0.0793 |
| Weighted Average Shares
Out |
$12.00 M
|
$12.00 M
|
$12.00 M
|
$12.00 M
|
$12.00 M
|
| Weighted Average Shares
Out Diluted |
$12.00 M
|
$12.00 M
|
$12.00 M
|
$12.00 M
|
$12.00 M
|
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