Erayak Power Solution Group Inc. (RAYA)

RAYA Income Statement

Financials in millions USD. Fiscal year is January - December.

Year	2023	2022	2021	2020
Revenue	20.32	26.91	18.63	14.12
Revenue Growth (YoY)	-24.48%	44.45%	31.92%	-
Cost of Revenue	15.3	20.29	12.91	10.32
Gross Profit	5.02	6.62	5.72	3.8
Selling, General & Admin	2.98	1.65	1.2	0.87
Research & Development	1.18	0.93	0.99	0.61
Other Operating Expenses	0.12	-0.03	0.05	0.02
Operating Expenses	4.28	2.55	2.23	1.49
Operating Income	0.75	4.07	3.49	2.31
Interest Expense / Income	0.4	0.47	0.42	0.25
Other Expense / Income	-1.07	-0.32	-0.63	-0.54
Pretax Income	1.41	3.91	3.7	2.6
Income Tax	0.19	0.44	0.3	0.39
Net Income	1.22	3.48	3.39	2.21
Net Income Growth	-64.94%	2.40%	53.37%	-
Shares Outstanding (Basic)	12	9	1	0
Shares Outstanding (Diluted)	12	9	1	0
Shares Change	31.18%	546.99%	14039.18%	-
EPS (Basic)	0.10	0.38	2.40	221.34
EPS (Diluted)	0.10	0.38	2.40	221.34
EPS Growth	-73.68%	-84.17%	-98.92%	-
Free Cash Flow	9.25	-9.05	4.4	-8.1
Free Cash Flow Per Share	0.77	-0.99	3.11	-810.31
Gross Margin	24.71%	24.60%	30.70%	26.90%
Operating Margin	3.67%	15.12%	18.71%	16.35%
Profit Margin	6.00%	12.92%	18.22%	15.67%
Free Cash Flow Margin	45.50%	-33.62%	23.61%	-57.38%
Effective Tax Rate	13.69%	11.19%	8.17%	14.84%
EBITDA	2.72	5.18	4.88	3.18
EBITDA Margin	13.37%	19.25%	26.17%	22.53%
Depreciation & Amortization	0.9	0.79	0.76	0.34
EBIT	1.81	4.39	4.11	2.85
EBIT Margin	8.93%	16.30%	22.09%	20.15%

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).