Quick Answer
Erayak Power Solution Group Inc. reported R&D Expense of $1.67 million for fiscal year 2024.
Erayak Power Solution Group Inc. R&D Expense — Annual History
| Fiscal Year | R&D Expense | YoY Change |
|---|---|---|
| 2024 | $1.67M | +41.9% |
| 2023 | $1.18M | +26.2% |
| 2022 | $932.3K | -5.5% |
| 2021 | $986.9K | +63.1% |
| 2020 | $605.1K | — |
- Erayak Power Solution Group Inc. showed an increase of +41.9% in R&D Expense compared to the prior fiscal year.
- Over the 2020–2024 period, Erayak Power Solution Group Inc.’s r&d expense has grown by 176.1% (from $605.1 thousand to $1.67 million).
- The most recent figure is from Erayak Power Solution Group Inc.’s fiscal year 2024 report (Form 20-F), filed with the SEC on April 23, 2025.
- All figures are sourced from SEC EDGAR XBRL filings, last verified June 17, 2026.
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