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 |
$27.18 K
|
$88.11 K
|
$26.66 K
|
$34.05 K
|
$15.94 K
|
$0.00
|
| Interest Expense |
$150.16 K
|
$492.10 K
|
$511.14 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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