Erayak Power Solution Group (RAYA) Revenue & Revenue Breakdown
Erayak Power Solution Group Revenue Highlights
Latest Revenue (Y)
$20.32M
Latest Revenue (Q)
$10.83M
Main Segment (Y)
Shipping and Handling
Main Geography (Y)
CHINA
Erayak Power Solution Group Revenue by Period
Erayak Power Solution Group Revenue by Year
| Date | Revenue | Change |
|---|---|---|
| 2023-12-31 | $20.32M | -24.48% |
| 2022-12-31 | $26.91M | 44.45% |
| 2021-12-31 | $18.63M | 31.92% |
| 2020-12-31 | $14.12M | 57.80% |
| 2019-12-31 | $8.95M | - |
Erayak Power Solution Group generated $20.32M in revenue during NA 2023, up -24.48% compared to the previous quarter, and up 0.00% compared to the same period a year ago.
Erayak Power Solution Group Revenue by Quarter
| Date | Revenue | Change |
|---|---|---|
| 2023-12-31 | $10.83M | 99.26% |
| 2023-09-30 | $5.44M | -42.25% |
| 2023-06-30 | $9.41M | 99.23% |
| 2023-03-31 | $4.72M | -38.76% |
| 2022-12-31 | $7.72M | - |
| 2022-09-30 | $7.72M | 34.44% |
| 2022-06-30 | $5.74M | 23.23% |
| 2021-12-31 | $4.66M | - |
| 2021-09-30 | $4.66M | - |
| 2021-06-30 | $4.66M | - |
| 2021-03-31 | $4.66M | 31.92% |
| 2020-12-31 | $3.53M | - |
| 2020-09-30 | $3.53M | - |
| 2020-06-30 | $3.53M | - |
| 2020-03-31 | $3.53M | 57.80% |
| 2019-12-31 | $2.24M | - |
| 2019-09-30 | $2.24M | - |
| 2019-06-30 | $2.24M | - |
| 2019-03-31 | $2.24M | - |
Erayak Power Solution Group generated $10.83M in revenue during Q4 2023, up 99.26% compared to the previous quarter, and up 140.40% compared to the same period a year ago.
Erayak Power Solution Group Revenue Breakdown
Erayak Power Solution Group Revenue Breakdown by Product
Annual Revenue by Product
| Product/Service | Dec 23 |
|---|---|
| Shipping and Handling | $191.67K |
Erayak Power Solution Group's latest annual revenue breakdown by segment (product or service), as of Dec 23: Shipping and Handling (100.00%).
Erayak Power Solution Group Revenue Breakdown by Country
Annual Revenue by Country
| Country | Dec 23 | Dec 22 |
|---|---|---|
| POLAND | $1.32M | $1.61M |
| AUSTRALIA | $1.56M | - |
| CHINA | $11.01M | $18.03M |
| GERMANY | $1.02M | $1.22M |
| CANADA | - | $971.91K |
Erayak Power Solution Group's latest annual revenue breakdown by geography, as of Dec 23: CHINA (73.86%), AUSTRALIA (10.46%), POLAND (8.85%), and GERMANY (6.82%).
Erayak Power Solution Group Peer Comparison by Revenue
| Ticker | Company | Last Year Revenue | Last Quarter Revenue |
|---|---|---|---|
| ENS | EnerSys | $3.58B | $910.72M |
| ENR | Energizer | $2.96B | $701.40M |
| KE | Kimball Electronics | $1.71B | $425.04M |
| AEIS | Advanced Energy Industries | $1.66B | $364.95M |
| HAYW | Hayward | $992.45M | $284.39M |
| HOLI | Hollysys Automation | $777.37M | $183.59M |
| CBAT | CBAK Energy | $204.44M | $47.79M |
| FCEL | FuelCell Energy | $123.39M | $23.70M |
| FLUX | Flux Power | $66.34M | $14.46M |
| PPSI | Pioneer Power Solutions | $40.80M | $7.72M |
| RAYA | Erayak Power Solution Group | $20.32M | $10.83M |
| EOSE | Eos Energy Enterprises | $16.38M | $898.00K |
| POLA | Polar Power | $15.29M | $4.66M |
| NEOV | NeoVolta | $3.46M | $283.90K |
RAYA Revenue FAQ
What is Erayak Power Solution Group’s yearly revenue?
Erayak Power Solution Group's yearly revenue for 2023 was $20.32M, representing a decrease of -24.48% compared to 2022. The company's yearly revenue for 2022 was $26.91M, representing an increase of 44.45% compared to 2021. RAYA's yearly revenue for 2021 was $18.63M, representing an increase of 31.92% compared to 2020.
What is Erayak Power Solution Group’s quarterly revenue?
Erayak Power Solution Group's quarterly revenue for Q4 2023 was $10.83M, a 99.26% increase from the previous quarter (Q3 2023), and a 40.40% increase year-over-year (Q4 2022). The company's quarterly revenue for Q3 2023 was $5.44M, a -42.25% decrease from the previous quarter (Q2 2023), and a -29.54% decrease year-over-year (Q3 2022). RAYA's quarterly revenue for Q2 2023 was $9.41M, a 99.23% increase from the previous quarter (Q1 2023), and a 64.03% increase year-over-year (Q2 2022).
What is Erayak Power Solution Group’s revenue growth rate?
Erayak Power Solution Group's revenue growth rate for the last 3 years (2021-2023) was 9.09%, and for the last 5 years (2019-2023) was 127.08%.
What are Erayak Power Solution Group’s revenue streams?
Erayak Power Solution Group's revenue streams in c 23 are Shipping and Handling
What is Erayak Power Solution Group’s main source of revenue?
For the fiscal year ending Dec 23, the largest source of revenue of Erayak Power Solution Group was Shipping and Handling. This segment made a revenue of $191.67K, representing 100.00% of the company's total revenue.