Erayak Power Solution Group Inc. (RAYA) Financials

$2.60

$0.3 (13.04%)
Last update: 01:00 PM EST
Day's range
$2.15
Day's range
$2.65
$40M$40M$30M$30M$20M$20M$10M$10M$0$0-$10M-$10MEarning20192019202020202021202120222022202320232024202420%20%15%15%10%10%5%5%0%0%-5%-5%Profit Margin
Profit Margin
Revenue
Earnings

RAYA Income statement / Annual

Last year (2024), Erayak Power Solution Group Inc.'s total revenue was $30.30 M, an increase of 49.10% from the previous year. In 2024, Erayak Power Solution Group Inc.'s net income was -$1.12 M. See Erayak Power Solution Group Inc.,s key income statements, including revenue, expenses, profit, and income.

Period FY-2024 FY-2023 FY-2022 FY-2021 FY-2020 FY-2019
Period Ended 12/31/2024 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Operating Revenue $30.30 M $20.32 M $26.91 M $18.63 M $14.12 M $8.95 M
Cost of Revenue $26.31 M $15.38 M $20.29 M $12.91 M $10.28 M $6.69 M
Gross Profit $3.99 M $4.94 M $6.62 M $5.72 M $3.84 M $2.25 M
Gross Profit Ratio 0.13 0.24 0.25 0.31 0.27 0.25
Research and Development Expenses $1.67 M $1.18 M $932.27 K $986.89 K $605.12 K $508.86 K
General & Administrative Expenses $2.44 M $2.06 M $936.72 K $662.34 K $713.80 K $639.50 K
Selling & Marketing Expenses $676.23 K $722.53 K $571.60 K $397.49 K $111.07 K $197.73 K
Selling, General & Administrative Expenses $3.11 M $2.79 M $1.51 M $1.06 M $824.87 K $837.23 K
Other Expenses $775.38 K $230.08 K -$84.38 K $14.63 K $91.01 K $67.10 K
Operating Expenses $5.56 M $4.19 M $2.36 M $2.06 M $1.52 M $1.41 M
Cost And Expenses $31.87 M $19.58 M $22.65 M $14.97 M $11.80 M $8.11 M
Interest Income $10.72 K $88.11 K $26.66 K $34.05 K $15.94 K $52.93 K
Interest Expense $150.16 K $492.10 K $499.75 K $451.69 K $262.60 K $52.93 K
Depreciation & Amortization $1.12 M $902.69 K $267.74 K $215.86 K $148.19 K $119.13 K
EBITDA $89.69 K $2.81 M $4.34 M $3.70 M $2.46 M $1.28 M
EBITDA Ratio 0 0.14 0.16 0.2 0.17 0.14
Operating Income Ratio -0.05 0.04 0.15 0.19 0.17 0.1
Total Other Income/Expenses Net $382.73 K $665.19 K -$154.84 K $210.96 K $290.42 K $216.57 K
Income Before Tax -$1.18 M $1.41 M $3.91 M $3.70 M $2.60 M $1.11 M
Income Before Tax Ratio -0.04 0.07 0.15 0.2 0.18 0.12
Income Tax Expense -$66.34 K $193.25 K $437.77 K $301.92 K $385.74 K $158.07 K
Net Income -$1.12 M $1.22 M $3.48 M $3.39 M $2.21 M $951.18 K
Net Income Ratio -0.04 0.06 0.13 0.18 0.16 0.11
EPS -0.075 0.1 0.29 0.28 0.18 0.0793
EPS Diluted -0.075 0.1 0.29 0.28 0.18 0.0793
Weighted Average Shares Out $14.92 M $12.00 M $12.00 M $12.00 M $12.00 M $12.00 M
Weighted Average Shares Out Diluted $14.92 M $12.00 M $12.00 M $12.00 M $12.00 M $12.00 M
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