Erayak Power Solution Group Inc. (RAYA)
Erayak Power Solution Group will go public soon. The estimated IPO date is December 7, 2022.
IPO Price
$4.00
Shares Offered
3,000,000
Deal Size
$12,000,000
Income Statement (Annual)
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
| Year | 2020 | 2019 |
|---|---|---|
| Revenue
|
14.12 | 8.95 |
| Revenue Growth (YoY)
|
57.80% | - |
| Cost of Revenue
|
10.28 | 6.69 |
| Gross Profit
|
3.84 | 2.25 |
| Selling, General & Admin
|
0.86 | 0.85 |
| Research & Development
|
0.61 | 0.51 |
| Other Operating Expenses
|
0.02 | 0 |
| Operating Expenses
|
1.49 | 1.36 |
| Operating Income
|
2.36 | 0.89 |
| Interest Expense / Income
|
0.26 | 0.05 |
| Other Expense / Income
|
-0.5 | -0.27 |
| Pretax Income
|
2.6 | 1.11 |
| Income Tax
|
0.39 | 0.16 |
| Net Income
|
2.21 | 0.95 |
| Net Income Common
|
2.21 | 0.95 |
| Net Income Growth
|
132.70% | - |
| Gross Margin
|
27.20% | 25.20% |
| Operating Margin
|
16.70% | 10.00% |
| Profit Margin
|
15.70% | 10.60% |
| Free Cash Flow Margin
|
-57.40% | 1.80% |
| Effective Tax Rate
|
14.84% | 14.25% |
| EBITDA
|
3.01 | 1.28 |
| EBITDA Margin
|
21.30% | 14.30% |
| Depreciation & Amortization
|
0.15 | 0.12 |
| EBIT
|
2.86 | 1.16 |
| EBIT Margin
|
20.30% | 13.00% |
Source: IPO financials are sourced from
S-1 and S-1/A filings submitted to the Securities and Exchange Commission (SEC).