Financial Snapshot

Revenue
$59.18M
TTM
Gross Margin
21.08%
TTM
Net Earnings
$3.636M
TTM
Current Assets
$29.42M
Q2 2024
Current Liabilities
$14.03M
Q2 2024
Current Ratio
209.68%
Q2 2024
Total Assets
$42.41M
Q2 2024
Total Liabilities
$15.74M
Q2 2024
Book Value
$26.67M
Q2 2024
Cash
$1.101M
Q2 2024
P/E
9.087
Nov 29, 2024 EST
Free Cash Flow
-$17.53M
TTM

Revenues

Revenues

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Revenue YoY Change

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Revenues

Concept 2023 2022 2021 2020 2019
Revenue $20.32M $26.91M $18.63M $14.12M $8.950M
YoY Change -24.48% 44.45% 31.92% 57.79%

Expenses

Cost Of Revenues

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Gross Profit

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Gross Profit Margin

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Gross Profit

Concept 2023 2022 2021 2020 2019
Revenue $20.32M $26.91M $18.63M $14.12M $8.950M
Cost Of Revenue $15.30M $20.29M $12.91M $10.32M $6.690M
Gross Profit $5.023M $6.619M $5.719M $3.799M $2.250M
Gross Profit Margin 24.71% 24.6% 30.7% 26.9% 25.14%

Selling, General & Admin Expense

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Research & Development

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Depreciation, Depletion & Amortization

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SGA Expense to Gross Profit Ratio

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R&D To Gross Profit Ratio

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DDA To Gross Profit Ratio

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Operating Expenses Total

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Operating Profits/Loss

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Operational Expenses

Concept 2023 2022 2021 2020 2019
Selling, General & Admin $2.980M $1.650M $1.197M $869.9K $840.0K
YoY Change 80.67% 37.82% 37.59% 3.56%
% of Gross Profit 59.34% 24.92% 20.93% 22.9% 37.33%
Research & Development $1.177M $932.3K $986.9K $605.1K $460.0K
YoY Change 26.25% -5.53% 63.09% 31.55%
% of Gross Profit 23.43% 14.09% 17.25% 15.93% 20.44%
Depreciation & Amortization $388.0K $22.50K $39.37K $46.71K $120.0K
YoY Change 1624.53% -42.85% -15.72% -61.08%
% of Gross Profit 7.73% 0.34% 0.69% 1.23% 5.33%
Operating Expenses $4.276M $2.550M $2.234M $1.490M $1.370M
YoY Change 67.67% 14.16% 49.9% 8.77%
Operating Profit $746.8K $4.069M $3.486M $2.309M $880.0K
YoY Change -81.65% 16.72% 50.98% 162.35%

Interest Expenses

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Interest Expenses To Operating Income %

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Other Expense/Income

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Interest & Other Expense/Income

Concept 2023 2022 2021 2020 2019
Interest Expense $402.7K $473.1K $417.6K $246.0K -$100.0K
YoY Change -14.88% 13.27% 69.8% -345.96%
% of Operating Profit 53.92% 11.63% 11.98% 10.65% -11.36%
Other Income/Expense, Net $665.2K -$154.8K $211.0K $290.4K $320.0K
YoY Change -529.6% -173.4% -27.36% -9.24%

Income/Loss

Pretax Income

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Income Tax

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Net Profits/Loss

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Pretax Income YoY Change

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Income Tax Rate

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Net Profits/Loss YoY Change

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Basic EPS

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Net Income To Revenue Ratio

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Pretax & Net Income

Concept 2023 2022 2021 2020 2019
Pretax Income $1.412M $3.914M $3.697M $2.599M $1.110M
YoY Change -63.92% 5.87% 42.22% 134.15%
Income Tax $193.2K $437.8K $301.9K $385.7K $160.0K
% Of Pretax Income 13.69% 11.19% 8.17% 14.84% 14.41%
Net Earnings $1.219M $3.476M $3.395M $2.213M $950.0K
YoY Change -64.94% 2.4% 53.37% 132.99%
Net Earnings / Revenue 6.0% 12.92% 18.22% 15.67% 10.61%
Basic Earnings Per Share $0.10 $0.38 $2.40 $221.30
Diluted Earnings Per Share $0.10 $0.38 $0.28 $0.18 $0.08

Assets & Liabilities

Cash & Short-Term Investments

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Cash & Equivalents

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Cash To Operating Expenses Ratio

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Inventory

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Receivables

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Total Short-Term Assets

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Property, Plant And Equipment

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Long-Term Investments

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Total Long-Term Assets

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Total Assets

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Net Income To Total Assets Percentage

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Accounts Payable

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Short-Term Debt

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Long Term Debt Due

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Total Short-Term Liabilities

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Long-Term Debt

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Other Long-Term Liabilities

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Total Long-Term Liabilities

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Total Liabilities

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Short-Term To Long-Term Debt Ratio

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Short-Term Assets To Debt Ratio

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Long-Term Debt To Net Income Ratio

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Assets & Liabilities

Concept 2023 2022 2021 2020 2019
Cash & Short-Term Investments $5.877M $7.033M $5.175M $460.5K $1.010M
YoY Change -16.43% 35.9% 1023.66% -54.4%
Cash & Equivalents $5.877M $7.033M $5.175M $460.5K $1.010M
Short-Term Investments
Other Short-Term Assets $2.749M $4.751M $2.608M $4.568M $180.0K
YoY Change -42.15% 82.17% -42.91% 2437.93%
Inventory $7.056M $6.227M $3.902M $1.683M $1.250M
Prepaid Expenses
Receivables $6.253M $9.961M $1.754M $5.058M $710.0K
Other Receivables $162.6K $263.2K $55.25K $179.8K $550.0K
Total Short-Term Assets $22.10M $28.24M $13.49M $11.95M $3.700M
YoY Change -21.74% 109.25% 12.93% 222.94%
Property, Plant & Equipment $9.263M $9.327M $9.929M $978.7K $920.0K
YoY Change -0.68% -6.06% 914.5% 6.38%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $3.892M $33.49K $36.25K $9.188M $8.800M
YoY Change 11520.6% -7.61% -99.61% 4.41%
Total Long-Term Assets $13.19M $9.369M $9.976M $10.18M $9.720M
YoY Change 40.75% -6.08% -1.99% 4.72%
Total Assets $35.29M $37.61M $23.47M $22.13M $13.42M
YoY Change
Accounts Payable $5.689M $4.729M $4.152M $3.214M $2.740M
YoY Change 20.3% 13.91% 29.17% 17.31%
Accrued Expenses $3.520M $790.6K $626.5K $296.4K $6.700M
YoY Change 345.18% 26.2% 111.37% -95.58%
Deferred Revenue
YoY Change
Short-Term Debt $70.42K $6.227M $5.756M $11.09M $770.0K
YoY Change -98.87% 8.18% -48.08% 1339.75%
Long-Term Debt Due $225.4K $4.350M
YoY Change -94.82%
Total Short-Term Liabilities $13.21M $18.04M $11.87M $17.22M $11.02M
YoY Change -26.78% 52.03% -31.07% 56.25%
Long-Term Debt $1.872M $217.5K $4.708M $1.533M $1.440M
YoY Change 760.42% -95.38% 207.17% 6.43%
Other Long-Term Liabilities $0.00
YoY Change
Total Long-Term Liabilities $1.872M $217.5K $4.708M $1.533M $1.440M
YoY Change 760.42% -95.38% 207.17% 6.43%
Total Liabilities $15.08M $18.26M $16.58M $18.75M $12.45M
YoY Change -17.4% 10.17% -11.6% 50.61%

Ownership

Basic Shares Outstanding

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Diluted Shares Outstanding

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Preferred Stock

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Treasury Stock Shares

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Stock Issuance & Repurchase

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Ownership Data

Concept 2023 2022 2021 2020 2019
Basic Shares Outstanding 12.00M shares 9.148M shares 1.414M shares 10.00K shares
Diluted Shares Outstanding 12.00M shares 9.148M shares 1.414M shares 10.00K shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

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Book Value

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Free Cash Flow

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Free Cash Flow YoY

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Free Cash Flow Margin

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Dividends

Dividends

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Stock Price

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Market Cap: $33.04 Million

About Erayak Power Solution Group Inc.

Erayak Power Solution Group Inc. is a holding company. The company is headquartered in Wenzhou, Zhejiang and currently employs 290 full-time employees. The company went IPO on 2022-12-14. The firm's product portfolio includes sine wave and off-grid inverters, inverter and gasoline generators, battery and smart chargers, and custom-designed products. The firm's products are principally used in homes, campers, yachts, trucks, vans, solar energy systems, outdoor operations, new energy and other fields. The firm's products are exported to Japan, England, Germany, France, Spain, Switzerland, Sweden, the Netherlands, the U.S., Canada and other countries and regions.

Industry: Motors & Generators Peers: China Carbon Graphite Group, Inc. CBAK Energy Technology, Inc.