Erayak Power Solution Group Inc.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Revenue | $22.9M | $30.3M | $20.3M | $26.9M | $18.6M | $14.1M |
| Cost of Revenue | $18.0M | $26.3M | $15.3M | $20.3M | $12.9M | $10.3M |
| Gross Profit | $4.9M | $4.0M | $5.0M | $6.6M | $5.7M | $3.8M |
| Gross Margin | 21.3% | 13.2% | 24.7% | 24.6% | 30.7% | 26.9% |
| Operating Expenses | ||||||
| Research & Development | $1.6M | $1.7M | $1.2M | $932.3K | $986.9K | $605.1K |
| SG&A Expense | $4.0M | $2.3M | $2.0M | $929.5K | $690.6K | $544.6K |
| Operating Income | $-1.6M | $-1.6M | $741.2K | $4.1M | $3.5M | $2.3M |
| Operating Margin | -7.2% | -5.1% | 3.6% | 15.1% | 18.7% | 16.3% |
| Interest Expense | — | — | $402.7K | $473.1K | $417.6K | $246.0K |
| Pretax Income | $-1.4M | $-1.2M | $1.4M | $3.9M | $3.7M | $2.6M |
| Income Tax Expense | $28.9K | $-66.3K | $193.2K | $437.8K | $301.9K | $385.7K |
| Net Income | $-1.4M | $-1.1M | $1.2M | $3.5M | $3.4M | $2.2M |
| Net Margin | -6.1% | -3.7% | 6.0% | 12.9% | 18.2% | 15.7% |
| EPS (Basic) | $-27.28 | $-98.34 | $223.43 | $0.38 | $1.20 | $0.78 |
| EPS (Diluted) | — | — | — | — | — | — |
| Shares Outstanding (Basic) | 51.0K | 25.0M | 12.0M | 9.1M | 2.8M | 2.8M |
| Shares Outstanding (Diluted) | 51.0K | 25.0M | 12.0M | 9.1M | 2.8M | 2.8M |
| Dividends Per Share | — | — | — | — | — | — |