Quick Answer
Erayak Power Solution Group Inc. reported Total Revenue of $30.30 million for fiscal year 2024.
Erayak Power Solution Group Inc. — Key Financials by Year
| Metric | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|
| Total Revenue | $30.30M +49.1% |
$20.32M -24.5% |
$26.91M +44.4% |
$18.63M +31.9% |
$14.12M | — |
| Net Income | -$1.12M -191.6% |
$1.22M -64.9% |
$3.48M +2.4% |
$3.39M +53.4% |
$2.21M | — |
| Total Assets | $46.03M +30.5% |
$35.29M -6.2% |
$37.61M +60.2% |
$23.47M | — | — |
| Long-Term Debt | $3.91M +109.1% |
$1.87M +760.4% |
$217.5K -95.4% |
$4.71M | — | — |
| Stockholders Equity | $26.59M +31.6% |
$20.20M +4.4% |
$19.34M +180.6% |
$6.89M +104.2% |
$3.38M +248.3% |
$969.5K |
| R&D Expense | $1.67M +41.9% |
$1.18M +26.2% |
$932.3K -5.5% |
$986.9K +63.1% |
$605.1K | — |
| Operating Income | -$1.57M -309.6% |
$746.8K -81.6% |
$4.07M +16.7% |
$3.49M +51.0% |
$2.31M | — |
| Gross Profit | $3.99M -20.5% |
$5.02M -24.1% |
$6.62M +15.7% |
$5.72M +50.6% |
$3.80M | — |
| Shares Outstanding | — | — | — | — | — | 11.00M |
- Erayak Power Solution Group Inc. reported Total Revenue of $30.30 million for fiscal year 2024.
- Erayak Power Solution Group Inc. showed an increase of +49.1% in Total Revenue compared to the prior fiscal year.
- Erayak Power Solution Group Inc. reported Net Income of -$1.12 million for fiscal year 2024.
- Erayak Power Solution Group Inc. showed a decrease of -191.6% in Net Income compared to the prior fiscal year.
- Erayak Power Solution Group Inc. reported Total Assets of $46.03 million for fiscal year 2024.
- Erayak Power Solution Group Inc. showed an increase of +30.5% in Total Assets compared to the prior fiscal year.
- Erayak Power Solution Group Inc. reported Long-Term Debt of $3.91 million for fiscal year 2024.
- Erayak Power Solution Group Inc. showed an increase of +109.1% in Long-Term Debt compared to the prior fiscal year.
- Erayak Power Solution Group Inc. reported Stockholders Equity of $26.59 million for fiscal year 2024.
- Erayak Power Solution Group Inc. showed an increase of +31.6% in Stockholders Equity compared to the prior fiscal year.
- Erayak Power Solution Group Inc. reported R&D Expense of $1.67 million for fiscal year 2024.
- Erayak Power Solution Group Inc. showed an increase of +41.9% in R&D Expense compared to the prior fiscal year.
- Erayak Power Solution Group Inc. reported Operating Income of -$1.57 million for fiscal year 2024.
- Erayak Power Solution Group Inc. showed a decrease of -309.6% in Operating Income compared to the prior fiscal year.
- Erayak Power Solution Group Inc. reported Gross Profit of $3.99 million for fiscal year 2024.
- Erayak Power Solution Group Inc. showed a decrease of -20.5% in Gross Profit compared to the prior fiscal year.
- Erayak Power Solution Group Inc. reported Shares Outstanding of 11.00 million shares for fiscal year 2019.
- All figures are sourced from SEC EDGAR XBRL filings, last verified June 17, 2026.
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