Quick Answer
Erayak Power Solution Group Inc. reported Research And Development Expense of $1.67 million for the year ending 2024.
- Erayak Power Solution Group Inc. showed an increase of +41.9% in Research And Development Expense from 2023 to 2024.
- This data is from Erayak Power Solution Group Inc.'s annual report (Form 10-K), filed with the SEC on April 23, 2025.
- XBRL data for this metric is available from 2020 to 2024 (5 years of filings). Earlier data may not exist in machine-readable XBRL format as companies adopted electronic filing at different times.
- Over the full 5 years of available data (2020 to 2024), Erayak Power Solution Group Inc.'s Research And Development Expense has grown by 176.1%.
- Historical annual values: Fiscal year 2024: $1.67 million | Fiscal year 2023: $1.18 million | Fiscal year 2022: $932.3 thousand | Fiscal year 2021: $986.9 thousand | Fiscal year 2020: $605.1 thousand.
- Data sourced from SEC EDGAR public filings as of June 20, 2026.
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