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RAYA

Erayak Power Solution Group Inc.

RAYA

Erayak Power Solution Group Inc. • NASDAQ
$3.69 ▲ 6.03% (+0.21)
Market Cap $3.15 M
52w High $737.00
52w Low $3.13
Dividend Yield 0%
P/E -0.38
Volume 46
Outstanding Shares 854.06K

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q4-2024 $18.356M ▲ $2.826M ▲ $-57.438K ▲ -0.313% ▲ $-0.36 ▼ $60.914K ▲
Q2-2024 $11.936M ▲ $2.354M ▲ $-1.059M ▼ -8.869% ▼ $-0.071 ▼ $-525.279K ▼
Q4-2023 $10.873M ▲ $2.108M ▲ $743.542K ▲ 6.839% ▲ $0.062 ▲ $287.254K ▼
Q2-2023 $9.414M ▼ $2.069M ▲ $475.172K ▼ 5.048% ▼ $0.04 ▼ $1M ▼
Q4-2022 $15.431M $1.113M $1.285M 8.329% $0.138 $1.592M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q4-2024 $532.605K ▼ $46.033M ▲ $19.447M ▲ $26.586M ▼
Q2-2024 $1.104M ▼ $42.407M ▲ $15.74M ▲ $26.667M ▲
Q4-2023 $5.877M ▲ $35.285M ▲ $15.083M ▼ $20.202M ▲
Q2-2023 $5.773M ▼ $34.76M ▼ $15.6M ▼ $19.16M ▼
Q4-2022 $7.033M $37.605M $18.261M $19.344M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q4-2024 $-28.719K ▲ $-3.017M ▲ $-369.966K ▲ $3.59M ▼ $220.87K ▲ $-1.466M ▲
Q2-2024 $-1.059M ▼ $-12.86M ▼ $-601.845K ▼ $8.791M ▲ $-4.774M ▼ $-13.462M ▼
Q4-2023 $743.542K ▲ $1.275M ▼ $2.966M ▲ $-5.818M ▼ $-697.609K ▼ $980.342K ▼
Q2-2023 $475.172K ▼ $5.455M ▲ $-4.344M ▲ $-619.025K ▼ $491.363K ▲ $5.065M ▲
Q4-2022 $1.285M $-5.365M $-4.724M $10.704M $-6.256M $-5.887M

Five-Year Company Overview

Income Statement

Income Statement RAYA’s revenue base is very small and has grown only gradually over the past few years. Profitability looks thin: gross profits are limited, operating income is essentially break‑even, and net results hover around the line between small profits and small losses. After several years of modest positive earnings per share, the most recent year slipped into a loss, suggesting margin pressure or higher costs. Overall, the income statement portrays a young, niche industrial company still searching for consistent, scalable profitability rather than an established earnings engine.

Balance Sheet

Balance Sheet The balance sheet is compact but generally straightforward. Total assets and equity have been edging up, which indicates some growth and reinvestment in the business. Cash levels are modest but present, while debt exists yet does not dominate the capital structure. The company appears lightly levered but also resource‑constrained, typical of a small industrial player. This structure can provide some flexibility, but it also leaves limited cushion if operating performance weakens or if external funding becomes harder to access.

Cash Flow

Cash Flow Cash generation is uneven. Operating cash flow has swung between slightly positive and slightly negative, and free cash flow follows the same pattern, with no meaningful capital spending recorded. This means the company is not heavily investing in physical assets, but it also suggests that internal cash generation is not yet reliably funding growth. Periodic negative cash flow raises the likelihood of relying on external capital to support operations or expansion, which can introduce dilution or financing risk if sustained.

Competitive Edge

Competitive Edge RAYA operates in a crowded power solutions and electrical equipment space, but it focuses on niches such as inverter generators, off‑grid inverters, and smart battery chargers. Its vertical integration, strict quality control, and international certifications give it some differentiation on reliability and customization. The ability to produce tailored solutions for OEM and ODM customers, along with a broad product range from recreational to backup and light industrial use, supports a specialized positioning rather than mass‑market scale. However, its small size and limited financial scale mean it competes against much larger global brands, which can pressure pricing and marketing reach.

Innovation and R&D

Innovation and R&D The company’s innovation efforts emphasize practical, user‑oriented features rather than blue‑sky technology. Examples include quieter, more efficient inverter generators, intelligent multi‑stage battery charging, and a tri‑fuel generator that can switch between gasoline, propane, and natural gas, with an automatic backup mode for uninterrupted power. RAYA couples these features with strong manufacturing processes and customization capabilities for partners. The creation of a U.S. subsidiary to localize product development and build partnerships indicates a push toward market‑driven innovation, though the small financial base may limit how aggressively it can invest in next‑generation products.

Summary

RAYA is a very small, early‑stage industrial company with specialized power solutions and a vertically integrated manufacturing model. Its financials show modest revenue, thin margins, and inconsistent profitability, with a recent move back into loss‑making territory and cash flows that fluctuate around break‑even. The balance sheet is relatively simple, with limited but present cash and manageable debt, offering modest flexibility but not much buffer. Competitively, RAYA leans on product quality, certifications, customization, and global expansion efforts—especially its U.S. subsidiary—to carve out space in a market dominated by larger players. Its future trajectory will depend on turning technical and customization strengths into stable, higher‑margin sales while managing funding needs and maintaining its stock market listing without overextending its limited financial base.

NEWS

October 17, 2025 · 6:16 AM UTC

Erayak Power Solution Group Inc. Establishes U.S. Subsidiary to Advance Global Expansion and Reinforce Long-Term Growth Strategy

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September 9, 2025 · 7:00 AM UTC

Erayak Power Solution Announces Receipt of Nasdaq Delisting Notice Subject to Hearing Request

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