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Erayak Power Solution Group (RAYA) Revenue & Revenue Breakdown

OverviewFinancialsChart

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

DateRevenueChange
2023-12-31$20.32M-24.48%
2022-12-31$26.91M44.45%
2021-12-31$18.63M31.92%
2020-12-31$14.12M57.80%
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

DateRevenueChange
2023-12-31$10.83M99.26%
2023-09-30$5.44M-42.25%
2023-06-30$9.41M99.23%
2023-03-31$4.72M-38.76%
2022-12-31$7.72M-
2022-09-30$7.72M34.44%
2022-06-30$5.74M23.23%
2021-12-31$4.66M-
2021-09-30$4.66M-
2021-06-30$4.66M-
2021-03-31$4.66M31.92%
2020-12-31$3.53M-
2020-09-30$3.53M-
2020-06-30$3.53M-
2020-03-31$3.53M57.80%
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/ServiceDec 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

CountryDec 23Dec 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

TickerCompanyLast Year RevenueLast Quarter Revenue
ENSEnerSys$3.58B$883.67M
ENREnergizer$2.89B$701.40M
KEKimball Electronics$1.71B$374.26M
AEISAdvanced Energy Industries$1.66B$374.22M
HAYWHayward$992.45M$227.57M
HOLIHollysys Automation$777.37M$183.59M
CBATCBAK Energy$204.44M$47.79M
FCELFuelCell Energy$123.39M$23.70M
FLUXFlux Power$66.34M$14.46M
PPSIPioneer Power Solutions$40.80M$6.34M
RAYAErayak Power Solution Group$20.32M$10.83M
EOSEEos Energy Enterprises$16.38M$854.00K
POLAPolar Power$15.29M$4.91M
NEOVNeoVolta$2.65M$590.24K

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.