Name: Erayak Power Solution Group Inc. (RAYA) Financial Statements
Creator: FinSpry

Erayak Power Solution Group Income Statement Analysis

Revenue, earnings, and profit margins in millions USD

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Erayak Power Solution Group Inc. income statement - Annual data in millions USD
Breakdown	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Revenue & Gross Profit
Revenue	30.30	20.32	26.91	18.63	14.12
Cost of Revenue	26.60	15.30	20.26	12.96	10.32
Gross Profit	3.70	5.02	6.65	5.67	3.80
Operating Expenses
Research & Development	1.67	1.18	0.93	0.99	0.61
Selling, General & Administrative	3.24	2.79	1.57	1.11	0.82
Operating Expenses	5.15	3.18	2.58	2.19	1.49
Operating Income	-1.45	1.85	4.07	3.49	2.31
Other Income/Expense
Interest Income	0.01	0.09	0.03	0.03	0.02
Interest Expense	-0.15	0.49	-0.50	-0.45	-0.26
Other Income/Expense	0.27	-0.03	0.29	0.30	0.54
Income
Income Before Tax	-1.18	1.41	3.91	3.70	2.60
Income Tax Expense	-0.07	0.19	0.44	0.30	0.39
Net Income	-1.12	1.22	3.48	3.39	2.21
Net Income - Continuous Operations	-1.12	1.22	3.48	3.39	0.00
Net Income - Discontinued Operations	0.00	0.00	0.00	0.00	0.00
EBITDA	-1.02	2.81	4.34	3.70	2.46
EBIT	-1.45	1.90	4.07	3.49	2.31
Depreciation & Amortization	0.43	0.12	0.27	0.22	0.15
Earnings Per Share
Basic EPS	-10.00	22.00	84.00	62.00	-
Diluted EPS	-10.00	22.00	84.00	62.00	-
Basic Shares Outstanding	0.11	0.05	0.04	0.05	0.00
Diluted Shares Outstanding	0.11	0.05	0.04	0.05	0.00