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Complete financial analysis of Erayak Power Solution Group Inc. (RAYA) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Erayak Power Solution Group Inc., a leading company in the Electrical Equipment & Parts industry within the Industrials sector.
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Erayak Power Solution Group Inc. (RAYA)
About Erayak Power Solution Group Inc.
Erayak Power Solution Group Inc., through its subsidiaries, engages in the research and development, manufacture, and wholesale and retail of power solution products. Its product portfolio includes sine wave and off-grid inverters, inverter and gasoline generators, battery and smart chargers, and custom-designed products. The company's products are used in agricultural and industrial vehicles, recreational vehicles, electrical appliances, and outdoor living products. It operates in the People's Republic of China, France, Poland, Mexico, and the United Kingdom. The company was founded in 2009 and is based in Wenzhou, the People's Republic of China. Erayak Power Solution Group Inc. operates as a subsidiary of Erayak International Limited.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|
| Revenue | 20.32M | 26.91M | 18.63M | 14.12M | 8.95M |
| Cost of Revenue | 15.38M | 20.29M | 12.91M | 10.28M | 6.69M |
| Gross Profit | 4.94M | 6.62M | 5.72M | 3.84M | 2.25M |
| Gross Profit Ratio | 24.31% | 24.60% | 30.70% | 27.23% | 25.20% |
| Research & Development | 1.18M | 932.27K | 986.89K | 605.12K | 508.86K |
| General & Administrative | 2.06M | 936.72K | 662.34K | 713.80K | 639.50K |
| Selling & Marketing | 722.53K | 571.60K | 397.49K | 111.07K | 197.73K |
| SG&A | 2.79M | 1.51M | 1.06M | 824.87K | 837.23K |
| Other Expenses | 230.08K | -84.38K | 14.63K | 91.01K | 67.10K |
| Operating Expenses | 4.19M | 2.36M | 2.06M | 1.52M | 1.41M |
| Cost & Expenses | 19.58M | 22.65M | 14.97M | 11.80M | 8.11M |
| Interest Income | 88.11K | 26.66K | 34.05K | 15.94K | 52.93K |
| Interest Expense | 492.10K | 499.75K | 451.69K | 262.60K | 52.93K |
| Depreciation & Amortization | 902.69K | 267.74K | 215.86K | 148.19K | 119.13K |
| EBITDA | 2.81M | 4.34M | 3.70M | 2.46M | 1.28M |
| EBITDA Ratio | 13.81% | 19.23% | 23.42% | 21.42% | 14.32% |
| Operating Income | 746.77K | 4.07M | 3.49M | 2.36M | 892.68K |
| Operating Income Ratio | 3.67% | 15.12% | 18.71% | 16.71% | 9.97% |
| Total Other Income/Expenses | 665.19K | -154.84K | 210.96K | 290.42K | 216.57K |
| Income Before Tax | 1.41M | 3.91M | 3.70M | 2.60M | 1.11M |
| Income Before Tax Ratio | 6.95% | 14.54% | 19.84% | 18.40% | 12.39% |
| Income Tax Expense | 193.25K | 437.77K | 301.92K | 385.74K | 158.07K |
| Net Income | 1.22M | 3.48M | 3.39M | 2.21M | 951.18K |
| Net Income Ratio | 6.00% | 12.92% | 18.22% | 15.67% | 10.63% |
| EPS | 0.10 | 0.29 | 0.28 | 0.18 | 0.08 |
| EPS Diluted | 0.10 | 0.29 | 0.28 | 0.18 | 0.08 |
| Weighted Avg Shares Out | 12.00M | 12.00M | 12.00M | 12.00M | 12.00M |
| Weighted Avg Shares Out (Dil) | 12.00M | 12.00M | 12.00M | 12.00M | 12.00M |
Erayak Power Solution Group Inc. Announces Receipt of Nasdaq Minimum Bid Price Notification
WENZHOU, China , Nov. 20, 2023 /PRNewswire/ -- Erayak Power Solution Group Inc. ("Erayak" or the "Company") (Nasdaq: RAYA), a leading manufacturer, designer, and exporter of high-quality products in the power supply industry, announced today that on November 15, 2023, the Company received...
Erayak Power Solution Group Inc. to Participate in Two Upcoming Conferences in October 2023
Wenzhou, China, Oct. 17, 2023 (GLOBE NEWSWIRE) -- Erayak Power Solution Group Inc. ("Erayak" or the "Company") (Nasdaq: RAYA), a leading manufacturer, designer, and exporter of high-quality products in the power supply industry, will be participating in two upcoming conferences...
Erayak Power Solution Group Inc. In Discussions with Potential Strategic Partners to Expand Market Opportunities and Product Offerings
Wenzhou, China, Sept. 28, 2023 (GLOBE NEWSWIRE) -- Erayak Power Solution Group Inc. ("Erayak" or the "Company") (Nasdaq: RAYA), a leading manufacturer, designer, and exporter of high-quality products in the power supply industry, is pleased to announce that the Company...
Erayak Power Solution Group Inc. Initiates Plans to Expand into the Middle East and South Asia
Wenzhou, China, Sept. 11, 2023 (GLOBE NEWSWIRE) -- Erayak Power Solution Group Inc. ("Erayak" or the "Company") (Nasdaq: RAYA), a leading manufacturer, designer, and exporter of high-quality products in the power supply industry, is pleased to announce that it has...
Erayak Power Solution Group Inc. Participated in the 2023 Wenzhou Bay New Area Jinhai Lake Starlight Market Festival, from July 21 to July 23
Wenzhou, China, Aug. 07, 2023 (GLOBE NEWSWIRE) -- Erayak Power Solution Group Inc. ("Erayak" or the "Company") (Nasdaq: RAYA), a leading manufacturer, designer, and exporter of high-quality products in the power supply industry, participated in the 2023 Wenzhou Bay New...
Erayak Power Solution Group Inc. to Deliver a Live Presentation at the Skyline Signature Series™ on Monday, July 24, 2023
The Company invites individual and institutional investors, as well as advisors and analysts, to attend this real-time, interactive presentation at the Skyline Signature Series™ The Company invites individual and institutional investors, as well as advisors and analysts, to attend this...
Vantage Data Centers Announces Second Campus in Cyberjaya
DENVER & SINGAPORE--(BUSINESS WIRE)--Vantage Data Centers, a leading global provider of hyperscale data center campuses, today announced the development of a second data center campus (KUL2) in Cyberjaya with an additional planned US $3 billion (RM13.32 billion) investment. Upon completion,...
Carbon Streaming公布截至2022年12月31日的六个月财务业绩
多伦多--(BUSINESS WIRE)--(美国商业资讯)--Carbon Streaming Corporation (NEO: NETZ) (OTCQB: OFSTF) (FSE: M2Q)（“Carbon Streaming”或“公司”）今天公布了截至2022年12月31日的六个月财务业绩。除非另有说明，否则所有数字均以美元为单位。公司将于美国东部时间2023年3月30日（周四）上午10:00举行实时音频电话会议。 Carbon Streaming创始人兼首席执行官Justin Cochrane表示：“随着我们建立高质量、多样化的项目组合，我们很高兴看到公司的几个项目产生了积极的可持续影响，并朝着在2023年交付碳信用的方向前进。2022年12月，我们的Rimba Raya项目根据Reg 21条例在SRN进行了验证，令我们备受鼓舞，我们期待该项目早日达到通过验证所需的里程碑。我们预计2023年对于Carbon Streaming而言将是革命性的一年，因为我们预计将从10余个具有现金流增长潜力的项目中获得碳信用或特许权使用费。” Cochrane先生补充道：“预计业界今年还将出台几项关键的行业举措，如发布核心碳原则(Core Carbon Principles)和国际可持续发展准则理事会(ISSB)的气候相关信息披露标准，这些举措有助于提高自愿碳市场的透明度。最后，我们预计发布气候承诺的公司数量将继续增加。在自愿碳市场出现上述发展动力的背景下，我们相信，市场对我们投资组合中碳信用的需求将进一步加强。” 公司亮点 截至2022年12月31日的三个月 本季度末，现金为7,030万美元，无公司债务。 截至2022年12月31日的三个月内，售出122,995个碳信用，收入为110万美元，售出的每个碳信用的平均实现价格为8.61美元（截至2022年6月30日的三个月内，售出162个碳信用，每个碳信用的平均实现价格为12.35美元）。更多信息请参阅本新闻稿的“非IFRS指标和业绩指标”部分。 截至2022年12月31日的三个月的确认净收入为480万美元（截至2022年6月30日的三个月，净收入为2,920万美元）。在对认股权证负债的重估、碳信用流和特许权使用费协议的重估以及衍生品负债的重估进行调整后，截至2022年12月31日的三个月的调整后净亏损为570万美元（截至2022年6月30日的三个月，调整后净亏损为350万美元）。请参阅本新闻稿的“非IFRS指标和业绩指标”部分。 本季度支付了50万美元，并承诺为新的碳信用流和特许权使用费协议、提前存款利息和其他资产支付80万美元的预付存款。 宣布根据印尼新的碳法规——2022年第21号法规(“Reg 21”)在印度尼西亚国内碳登记处Sistem Registri Nasional Pengendalian Perubahan Iklim (“SRN”)对Rimba Raya项目进行验证。初始验证区域的减排量预计平均每年约为270万吨二氧化碳当量(“tCO2e”)，并在项目剩余的50年寿命内产生同等数量的碳信用（该项目目前预计将持续到2073年）。 宣布与Standard Biocarbon Corporation开展有关碳信用流和相关特许权使用费（统称为“恩菲尔德生物炭流”）的合作，以支持在美国缅因州恩菲尔德建设试点生物炭生产设施。该项目预计将在30年的项目寿命期内消除约9万吨二氧化碳当量的排放，并产生同等数量的二氧化碳去除证书(“CORC”)。该项目预计在整个项目寿命期内将生产约25万立方码的生物炭，公司将按照销售量获得特许权使用费。 发布公司的第一份可持续发展报告，其中描述了Carbon Streaming的商业模式、气候行动和影响投资的方法、尽职调查和治理实践、指导原则以及公司的环境和社会影响。...
Carbon Streaming Announces Financial Results for the Six Month Period Ended December 31, 2022
TORONTO--(BUSINESS WIRE)--Carbon Streaming Corporation (NEO: NETZ) (OTCQB: OFSTF) (FSE: M2Q) (“Carbon Streaming” or the “Company”) today reported its financial results for the six month period ended December 31, 2022. All figures are expressed in United States dollars, unless otherwise indicated....
NMG publie une mise à jour opérationnelle et dépose ses rapports financiers de 2022 : le développement de ce qui devrait devenir la plus grande source intégrée de matériaux de graphite naturel en Amérique du Nord ...
MONTRÉAL--(BUSINESS WIRE)-- NMG publie une mise à jour opérationnelle et dépose ses rapports financiers de 2022 : le développement de ce qui devrait devenir la plus grande source intégrée de matériaux de graphite naturel en Amérique du Nord pour la...
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