See more : RAC Electric Vehicles Inc. (2237.TWO) Income Statement Analysis – Financial Results
Complete financial analysis of Ayro, Inc. (AYRO) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Ayro, Inc., a leading company in the Auto – Manufacturers industry within the Consumer Cyclical sector.
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Ayro, Inc. (AYRO)
About Ayro, Inc.
Ayro, Inc. designs and manufactures electric vehicles for closed campus mobility, urban and community transport, local on-demand and last mile delivery, and government use. The company provides four-wheeled purpose-built electric vehicles for universities, business and medical campuses, last mile delivery services, and food service providers. It also offers AYRO vehicles to internal combustion engine vehicles for light duty uses, including low-speed logistics, maintenance, and cargo services; and Club Car 411 for low-speed logistics and cargo services for campus. The company was formerly known as AEV Technologies, Inc. Ayro, Inc. was founded in 2017 and is headquartered in Round Rock, Texas.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 498.92K | 2.99M | 2.68M | 1.60M | 890.15K | 5.30M | 4.29M | 16.74M | 14.56M | 24.42M | 21.26M | 42.33M | 92.42M | 96.84M | 105.77M | 107.10M | 101.43M | 70.00M | 52.14M | 40.15M | 22.08M |
| Cost of Revenue | 5.13M | 6.04M | 4.77M | 1.77M | 691.84K | 5.01M | 4.76M | 12.89M | 11.64M | 20.62M | 16.74M | 29.95M | 83.67M | 78.91M | 77.93M | 78.33M | 73.08M | 47.78M | 38.01M | 32.45M | 16.46M |
| Gross Profit | -4.64M | -3.05M | -2.09M | -166.48K | 198.31K | 294.26K | -476.60K | 3.84M | 2.92M | 3.80M | 4.52M | 12.38M | 8.76M | 17.93M | 27.84M | 28.77M | 28.35M | 22.22M | 14.13M | 7.70M | 5.62M |
| Gross Profit Ratio | -929.03% | -102.09% | -77.92% | -10.38% | 22.28% | 5.55% | -11.12% | 22.96% | 20.06% | 15.55% | 21.25% | 29.25% | 9.48% | 18.51% | 26.32% | 26.86% | 27.95% | 31.74% | 27.10% | 19.19% | 25.45% |
| Research & Development | 7.42M | 6.85M | 11.45M | 1.92M | 714.28K | 322.27K | 171.38K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 14.38M | 11.50M | 17.17M | 6.60M | 6.68M | 2.58M | 742.00K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Selling & Marketing | 1.72M | 1.87M | 2.42M | 1.42M | 1.30M | 999.72K | 163.94K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 16.10M | 13.38M | 19.59M | 8.02M | 7.98M | 2.23M | 5.84M | 6.27M | 6.95M | 4.87M | 5.99M | 11.56M | 19.96M | 24.92M | 23.45M | 23.05M | 19.30M | 13.24M | 9.19M | 7.03M | 5.65M |
| Other Expenses | 0.00 | 0.00 | 51.77K | 236.92K | 2.19K | 322.27K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 37.34M | 2.85M | 2.58M | 2.40M | 1.24M | 837.79K | 682.40K | 0.00 |
| Operating Expenses | 23.52M | 20.22M | 31.04M | 9.94M | 8.69M | 2.23M | 5.84M | 6.27M | 6.95M | 4.87M | 5.99M | 11.56M | 19.96M | 62.26M | 26.31M | 25.63M | 21.70M | 14.48M | 10.03M | 7.71M | 5.65M |
| Cost & Expenses | 28.66M | 26.27M | 35.81M | 11.71M | 9.38M | 2.23M | 10.60M | 19.17M | 18.59M | 25.49M | 22.73M | 41.51M | 103.63M | 141.17M | 104.24M | 103.97M | 94.79M | 62.27M | 48.04M | 40.16M | 22.11M |
| Interest Income | 441.44K | 182.28K | 51.77K | 327.20K | 172.48K | 144.62K | 12.33K | 0.00 | 0.00 | 0.00 | -11.60K | -54.62K | -54.25K | -48.36K | -15.85K | -53.95K | 511.12K | 525.52K | -121.72K | 0.00 | 0.00 |
| Interest Expense | 0.00 | 0.00 | 2.31K | 327.20K | 172.48K | 0.00 | 0.00 | -6.62K | -3.20K | 2.84M | 5.04M | 2.12M | 865.09K | 655.94K | 397.77K | 421.02K | 522.98K | 496.33K | 256.02K | 24.70K | 14.05K |
| Depreciation & Amortization | 1.24M | 955.69K | 733.96K | 559.14K | 722.57K | 359.65K | 218.66K | 64.74K | 64.74K | 60.21K | 752.11K | 1.33M | 2.26M | 2.75M | 2.73M | 2.58M | 2.40M | 1.24M | 837.79K | 682.40K | 382.51K |
| EBITDA | -26.92M | -21.98M | -32.34M | -9.88M | -7.77M | -1.87M | -6.10M | -1.11M | -3.56M | -4.03M | -7.87M | -3.67M | -13.19M | -41.53M | 4.28M | 5.66M | 9.56M | 9.48M | 985.46K | 2.10M | 348.37K |
| EBITDA Ratio | -5,394.77% | -740.31% | -1,205.22% | -580.41% | -872.85% | -253.70% | -142.25% | -6.61% | -27.25% | -4.13% | -25.62% | -6.37% | -14.27% | -42.71% | 4.31% | 5.29% | 9.44% | 13.54% | 1.89% | 5.20% | 1.58% |
| Operating Income | -28.16M | -23.28M | -33.13M | -10.11M | -8.49M | -2.23M | -6.31M | -1.22M | -4.03M | -1.07M | -10.98M | -7.98M | -18.76M | -44.34M | 1.53M | 3.14M | 6.65M | 7.73M | 4.10M | -8.48K | -34.14K |
| Operating Income Ratio | -5,643.51% | -778.36% | -1,234.49% | -630.04% | -954.26% | -42.06% | -147.35% | -7.28% | -27.70% | -4.38% | -51.62% | -18.86% | -20.30% | -45.79% | 1.45% | 2.93% | 6.55% | 11.05% | 7.87% | -0.02% | -0.15% |
| Total Other Income/Expenses | -6.00M | 341.55K | 49.46K | -657.20K | -170.29K | 1.15M | -1.33M | 3.13K | 402.09K | -5.86M | -182.94K | 758.14K | 4.23M | -607.58K | -381.92K | -475.30K | -11.86K | 29.19K | -4.21M | 1.39M | -14.05K |
| Income Before Tax | -34.16M | -22.94M | -33.08M | -10.76M | -8.66M | -2.90M | -7.64M | -1.22M | -3.63M | -6.93M | -11.16M | -7.22M | -14.53M | -44.94M | 1.15M | 2.66M | 6.66M | 7.74M | -108.35K | 1.38M | -48.19K |
| Income Before Tax Ratio | -6,846.92% | -766.94% | -1,232.65% | -671.01% | -973.39% | -54.74% | -178.29% | -7.26% | -24.94% | -28.37% | -52.48% | -17.07% | -15.72% | -46.41% | 1.09% | 2.48% | 6.56% | 11.06% | -0.21% | 3.44% | -0.22% |
| Income Tax Expense | 0.00 | 22.94M | 54.08K | 564.12K | 174.67K | 1.49M | 0.00 | 3.13K | 1.71K | 69.68K | -182.94K | 758.14K | 4.23M | -7.94M | 576.23K | 989.03K | 2.58M | 3.15M | 1.52M | 52.10K | 76.00K |
| Net Income | -34.16M | -45.87M | -33.13M | -11.33M | -8.84M | -15.98M | -7.64M | -1.22M | -3.62M | -9.26M | -11.06M | -6.91M | -20.55M | -36.83M | 854.40K | 1.67M | 4.08M | 4.59M | -1.62M | 1.33M | -124.19K |
| Net Income Ratio | -6,846.92% | -1,533.88% | -1,234.67% | -706.18% | -993.02% | -301.32% | -178.29% | -7.28% | -24.87% | -37.94% | -52.01% | -16.33% | -22.23% | -38.03% | 0.81% | 1.56% | 4.02% | 6.56% | -3.11% | 3.31% | -0.56% |
| EPS | -8.19 | -9.90 | -7.54 | -5.91 | -24.04 | -62.45 | -34.38 | -3.29 | -12.14K | -132.20 | -158.05 | -55.65 | -236.36 | -423.67 | 9.84 | 18.75 | 46.01 | 63.66 | -32.02 | 39.68 | -21.23K |
| EPS Diluted | -8.19 | -9.90 | -7.54 | -5.91 | -24.04 | -62.40 | -34.38 | -3.29 | -12.14K | -132.20 | -158.05 | -55.65 | -236.36 | -423.67 | 9.81 | 18.69 | 41.61 | 57.34 | -32.02 | 38.95 | -12.07K |
| Weighted Avg Shares Out | 4.76M | 4.63M | 4.40M | 1.92M | 367.62K | 255.88K | 222.22K | 371.00K | 298.18 | 70.08K | 69.97K | 124.19K | 86.93K | 86.93K | 86.82K | 89.15K | 88.63K | 72.16K | 50.72K | 33.49K | 5.85 |
| Weighted Avg Shares Out (Dil) | 4.76M | 4.63M | 4.40M | 1.92M | 367.62K | 256.07K | 222.22K | 371.00K | 298.18 | 70.08K | 69.97K | 124.19K | 86.93K | 86.93K | 87.13K | 89.43K | 98.01K | 80.12K | 50.72K | 34.12K | 10.29 |
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