your badges 52W Range $0–$7 24% of range Analyst Rating · Price Target · P/E · ROE -4.5% Net Profit Margin -6.1%

RAYA Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range

03
Price $1.97
Revenue $23M
ROE -4.5%
Debt/Equity 0.9
52W Range $0–$7

RAYA Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view

04
range
bars

Bar granularity adapts to the selected period — hover the chart to see open/high/low/close for a bar.

Stock splits 2
Ex-date Split Type
April 20, 2026 1-for-10 Reverse
Sept. 30, 2025 1-for-220 Reverse

10-Year Performance Revenue, net income, margins and EPS trends

06
Revenue$23M
2020-12-31 → 2025-12-31
Free Cash Flow$-8M
2022-12-31 → 2025-12-31
Net margin-6.1%
2022-12-31 → 2025-12-31
Valuation & Ratios 07–12

Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?

No data for this ratio group yet

Not enough fundamentals data to compute this ratio group yet.

value · ≈ 5Y avg · industry median · verdict relative to median

Full Fundamentals All metrics by year — income statement, balance sheet, cash flow

15
Income Statement 16
Metric Trend 20252024202320222021
Revenue $23M$30M$20M$27M$19M
Cost of Revenue $18M$26M$15M$20M$13M
Gross Profit $5M$4M$5M$7M$6M
R&D Expense $2M$2M$1M$932.3K$986.9K
SG&A Expense $4M$2M$2M$929.5K$690.6K
Operating Expenses $7M$6M$4M$3M$2M
Operating Income $-2M$-2M$741.2K$4M$3M
Interest Expense ···$473.1K$417.6K
Other Non-op $308.0K$362.4K$878.1K$219.5K$512.4K
Pretax Income $-1M$-1M$1M$4M$4M
Income Tax $28.9K$-66.3K$193.2K$437.8K$301.9K
Net Income $-1M$-1M$1M$3M$3M
EPS (Basic) $-27.28$-98.34$223.43$0.38$2.40
Shares (Basic) 50,95811,3485,4559,147,9451,413,918
Shares (Diluted) 50,95811,3485,4559,147,9451,413,918
EBITDA $-1M$-1M·$4M·
Balance Sheet 23
Metric Trend 20252024202320222021
Cash & Equivalents $436.8K$1M$6M··
Short-term Investments $5M$0···
Receivables $14M$12M$6M$10M$2M
Inventory $10M$9M$7M$6M$4M
Prepaid Expense ····$495.3K
Other Current Assets $4M····
Current Assets $43M$33M$22M$28M$13M
PP&E (Net) $7M$2M$2M$2M$1M
PP&E (Gross) $9M$4M$3M$3M$2M
Accum. Depreciation $2M$2M$1M$268.3K$215.1K
Intangibles $3M$62.0K$31.9K$8.8K$11.1K
Other Non-current Assets $0$4M$4M··
Total Assets $59M$46M$35M$38M$23M
Accounts Payable $6M$8M$6M$5M$4M
Short-term Debt $8M$1M$70.4K$6M$6M
Current Liabilities $21M$16M$13M$18M$12M
Total Liabilities $24M$19M$15M$18M$17M
Long-term Debt $3M$4M$2M$217.5K$5M
Total Debt $33M$30M·$11M·
Paid-in Capital ···$11M$1M
AOCI $-385.7K$-1M$-744.6K$-383.9K$227.2K
Stockholders' Equity $35M$27M$20M$19M$7M
Liabilities + Equity $59M$46M$35M$38M$23M
Cash Flow 12
Metric Trend 20252024202320222021
D&A $574.1K$431.9K$388.0K$269.8K$215.1K
Deferred Tax $26.6K$-70.3K$0··
Other Non-cash $-2M$-15M···
Operating Cash Flow $-3M$-16M$7M$-4M$5M
CapEx $5M$517.8K$684.2K$694.8K$244.0K
Investing Cash Flow $-12M$-971.8K$-1M$-5M$-244.2K
Net Debt Issued ···$-1M·
Financing Cash Flow $14M$12M$-6M$11M$-3M
Net Change in Cash $-888.0K$-5M$-1M$2M$1M
Taxes Paid ···$-33.5K$-36.2K
Free Cash Flow $-8M$-16M·$-5M·
Levered FCF ···$-5M·
Profitability 8
Metric Trend 20252024202320222021
Gross Margin 21.3%13.2%·24.6%·
Operating Margin -7.2%-5.2%·15.1%·
Net Margin -6.1%-3.7%·12.9%·
Pretax Margin -5.9%-3.9%·14.5%·
EBITDA Margin -4.7%-3.7%·15.1%·
ROA -2.6%-2.7%·11.4%·
ROE -4.5%-4.8%·26.5%·
ROIC -2.5%-2.6%·12.1%·
Liquidity & Solvency 5
Metric Trend 20252024202320222021
Current Ratio 2.12.1·1.6·
Quick Ratio 0.90.9·0.6·
Debt / Equity 0.91.1·0.5·
LT Debt / Equity 0.71.1···
Interest Coverage ···8.6·
Efficiency 3
Metric Trend 20252024202320222021
Asset Turnover 0.40.7·0.9·
Inventory Turnover 1.93.3·4.0·
Receivables Turnover 1.83.3·4.6·
Per Share 2
Metric Trend 20252024202320222021
Revenue / Share $448.52$1.21·$2.94·
Cash Flow / Share $-62.13$-0.64·$-0.45·
Valuation (TTM) 2
Metric Trend 20252024202320222021
Revenue TTM $23M$30M·$27M·
Net Income TTM $-1M$-1M·$3M·

Most recent period on the left · null values shown as ·

Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years

16
Metric 2025-12-312024-12-312023-12-312022-12-312021-12-31
Revenue $23M $30M $20M $27M $19M
Gross Margin % 21.3% 13.2% · 24.6% ·
Operating Margin % -7.2% -5.2% · 15.1% ·
Net Income $-1M $-1M $1M $3M $3M

Institutional owners (13F)

17
Institutional activity — Q1 2026 vs prior quarter
New positions Exited positions Increased Decreased Net shares change
3 2 1 0 ·

Compared to Q4 2025. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair. Change vs prior quarter not shown: filer coverage differs too much between these two quarters for a reliable comparison.

Peer comparison (GICS sub-industry) Key metrics vs sector peers

22

FY basis, prices as of each company's last fiscal year-end close.

Ticker Market Cap P/E Rev YoY Net Margin ROE Gross Margin
RAYA · · · -6.1% -4.5% 21.3%
PN · -6.6 · -4.3% -14.8% 10.0%
ELPW · -0.0 · -271.3% 28.4% 4.0%

My Metrics Your personal watchlist — selected rows from Full Fundamentals

26

Pick the metrics that matter to you — click the + next to any row in Full Fundamentals above.

Your selection is saved and follows you across all tickers.

Source: SEC 20-F/A filed Jul 6, 2026