Erayak Power Solution Group Inc (RAYA) Earnings Report, Financial Results, Financial analysis

Erayak Power Solution Group Inc reported in the forth quarter of 2023 net earnings per share of $0.10 a decrease by -73.68 % year on year from $0.38 and an improvement compare to net loss per share of $0.00 realized in previous quarter.

*forth quarter of 2023*
Earnings Per Share	Revenues
$ 0.1	$ 20 Mill
$-0.28 -73.68 %	$-7M -24.48 %

Erayak Power Solution Group Inc 's Revenue fell by -24.48 % in forth quarter of 2023 (Dec 31 2023) year on year, to $20 million and advanced by sequentially.

Erayak Power Solution Group Inc is

More on RAYA's Income Statement

RAYA's NET INCOME

Erayak Power Solution Group Inc 's net income of $1.219 million in the forth quarter of 2023 decreased by -64.94 % from net earnings of $3.476 million achieved in IV. Quarter a year ago.

Sequentially Company turn into Profitability from net loss of $0.000 million recorded in previous quarter.

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Erayak Power Solution Group Inc Inventories
Inventories grew by 13.31 % to $7 million from IV. Quarter a year ago, sequentially inventories fell by 0 %. In Dec 31 2023 company's net cash and cash equivalents decreased by $-1 million, capital expenditures fell by -0.6948132.17%, to $-1 millions compare to same quarter a year ago

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Earnings quality

Erayak Power Solution Group Inc does not pay out common stock dividend.

In trailing twelve-month period Erayak Power Solution Group Inc earned $ 0.56 cash per share, on a free-cash flow basis 560.81 % of net earning per share.

Book value fell by 0.00 % sequentially to $1.68 per share.
Tangible Book value fell to $ 1.68 per share from $ 1.68.

Company repurchased 0.00 million shares or 0.00 % in Dec 31 2023.

• More on RAYA's Dividends

Market Capitalization (Millions)	15
Shares Outstanding (Millions)	12
Total Debt (Millions $)	2
Revenue (TTM) (Millions $)	20
Net Income (TTM) (Millions $)	1
Cash Flow (TTM) (Millions $)	-1
Capital Exp. (TTM) (Millions $)	-1
Dividend TTM ($)	0 $
Dividend Yield TTM (%)	-
Employees (TTM) $	300

Earnings quality

Erayak Power Solution Group Inc does not pay out common stock dividend.

In trailing twelve-month period Erayak Power Solution Group Inc had $ 0.56 cash flow per share, on a free-cash flow basis 560.81 % of net earning per share.

Book value fell by 0.00 % sequentially to $1.68 per share.
Tangible Book value fell to $ 1.68 per share from $ 1.68.

Company repurchased 0.00 million shares or 0.00 % in Dec 31 2023.

• More on RAYA's Balance Sheets

Market Capitalization (Millions)	15
Shares Outstanding (Millions)	12
Total Debt (Millions $)	2
Revenue (TTM) (Millions $)	20
Net Income (TTM) (Millions $)	1
Cash Flow (TTM) (Millions $)	-1
Capital Exp. (TTM) (Millions $)	-1
Dividend TTM ($)	0 $
Dividend Yield TTM (%)	-
Employees (TTM) $	300

Erayak Power Solution Group Inc

RAYA's Financial Statements and Analysis