RAY (RAY)
Raytech Holding Limited Ordinary Shares
NASDAQ:RAYConsumer Defensive · Household & Personal Products
Mkt Cap$16.16M
Float2.61M
O/S5.87M
Inst Own0.7%
SI0.1%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$18.26M
Net Income$2.14M
Total Assets$27.53M
Free Cash Flow-$1.86M
Debt & Equity
Debt 10%
Equity 90%
Total Debt$1.85M
Total Equity$16.51M
Shares Outstanding
Short Interest
Split History1 split · 1 reverse
2-year cumulative
1:16
Nasdaq bars a compliance period at 1:250
- 1:16Reverse splitNov 7, 202516 shares → 1
Balance Sheet Details
Assets$27.53M
Liabilities$11.02M
Accounts Receivable$8.64M
Accounts Payable$7.89M
Inventory$0
PP&E (Net)$0
Goodwill$0
Intangible Assets$5.91M
Income Statement
| Period | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD |
| Period Ending | 2026-03-31 | 2025-03-31 | 2024-03-31 | 2023-03-31 | 2022-03-31 | 2021-03-31 |
| Revenue | $18.26M | $10.04M | $8.54M | $5.8M | $5.75M | $4.06M |
| YoY Growth | 81.9% | 17.6% | 47.1% | 0.9% | 41.6% | - |
| Cost of Revenue | $13.22M | $7.77M | $6.64M | $556K | $541K | $3.05M |
| Gross Profit | $5.04M | $2.27M | $1.9M | $185K | $198K | $1.01M |
| Gross Margin | 27.6% | 22.6% | 22.3% | 3.2% | 3.4% | 24.8% |
| Research and Development | $0 | $0 | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $2.73M | $1.29M | $440K | $530K | $171K | $150K |
| Other | $0 | $0 | $12K | $15K | $5K | $2K |
| Total Operating Expenses | $2.73M | $1.29M | $452K | $545K | $176K | $151K |
| Operating Income (EBIT) | $2.31M | $975K | $1.45M | $917K | $1.37M | $857K |
| Operating Margin | 12.6% | 9.7% | 17.0% | 15.8% | 23.8% | 21.1% |
| Interest Expense | $31K | $0 | $259 | $912 | $214 | $0 |
| Interest Income | $289K | $403K | $181K | $18K | $42 | $166 |
| Other Income (Expense) | $296K | $367K | $178K | $36K | $58K | $338 |
| Income Before Tax (EBT) | $2.6M | $1.34M | $1.63M | $953K | $1.43M | $857K |
| Income Tax Expense | $468K | $288K | $359K | $151K | $222K | $140K |
| Net Income | $2.14M | $1.05M | $1.27M | $802K | $1.2M | $717K |
| Net Income Margin | 11.7% | 10.5% | 14.8% | 13.8% | 20.9% | 17.7% |
| Supplementary Data | ||||||
| EPS | 7.21 | 3.00 | 3.88 | 2.25 | 3.38 | 2.00 |
| Diluted EPS | 7.21 | 3.00 | 3.88 | 2.25 | 3.38 | 2.00 |
| Weighted Average OS | 2.32M | 2.75M | 2.56M | 2.80M | 2.80M | 2.80M |
| EBITDA | $2.34M | $1.34M | $1.46M | $932K | $1.37M | $858K |
| EBITDA Margin | 12.8% | 13.4% | 17.1% | 16.1% | 23.9% | 21.1% |
Balance Sheet
| Period | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD |
| Period Ending | 2026-03-31 | 2025-03-31 | 2024-03-31 | 2023-03-31 | 2022-03-31 | 2021-03-31 |
| Assets | ||||||
| Current Assets | ||||||
| Cash and Cash Equivalents | $9.94M | $10.82M | $4.57M | $2.72M | $1.57M | $435K |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $9.94M | $10.82M | $4.57M | $2.72M | $1.57M | $435K |
| Accounts Receivable | $8.64M | $1.04M | $1.92M | $1.06M | $743K | $225K |
| Inventory | $0 | $240K | $237K | $0 | $0 | $248K |
| Other Current Assets | $2 | $0 | $0 | $0 | $311K | $593K |
| Total Current Assets | $21.48M | $12.09M | $6.74M | $3.79M | $2.63M | $1.5M |
| Long-Term Assets | ||||||
| Property, Plant & Equipment Net | $0 | $0 | $0 | $1K | $3K | $4K |
| Goodwill | $0 | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $5.91M | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $2K |
| Deferred Tax Assets | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $140K | $2K | $672K | $52K | $472 | $0 |
| Total Long-Term Assets | $6.05M | $2K | $672K | $54K | $4K | $5K |
| Other Assets | $1 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $27.53M | $12.1M | $7.41M | $537K | $340K | $1.51M |
| Liabilities | ||||||
| Current Liabilities | ||||||
| Accounts Payable | $7.89M | $59K | $3.19M | $1.21M | $621K | $472K |
| Short-Term Debt | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Income Tax Payable | $0 | $24K | $0 | $0 | $15K | $141K |
| Current Unearned Revenue | $101K | $64K | $0 | $217K | $0 | $0 |
| Other Current Liabilities | $922K | $1K | $177K | $51K | $814 | $141K |
| Total Current Liabilities | $9.11M | $2.29M | $3.45M | $1.52M | $758K | $619K |
| Long-Term Liabilities | ||||||
| Long-Term Debt | $1.85M | $0 | $0 | $0 | $0 | $0 |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $54K | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $0 | $0 | $0 | $0 | -$10K | $0 |
| Total Long-Term Liabilities | $1.91M | $0 | $0 | $0 | $1K | $0 |
| Other Liabilities | $1 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $11.02M | $2.29M | $3.45M | $193K | $98K | $619K |
| Stockholders' Equity | ||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $272 | $110 | $100 | $100 | $100 | $100 |
| Retained Earnings | $7.13M | $5M | $3.95M | $2.68M | $1.88M | $875K |
| Comprehensive Income & Other | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Stockholders' Equity | $9.38M | $4.81M | $13K | $13K | $13K | $13K |
| Total Equity | $16.51M | $9.81M | $3.96M | $2.69M | $1.89M | $888K |
| Minority Interest | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $27.53M | $12.1M | $7.41M | $2.89M | $1.99M | $1.51M |
| Supplementary Data | ||||||
| Total Debt | $1.85M | $0 | $0 | $11K | $24K | $0 |
| Net Debt | -$8.09M | -$10.82M | -$4.57M | -$2.71M | -$1.54M | -$435K |
Cash Flow Statement
| Period | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD |
| Period Ending | 2026-03-31 | 2025-03-31 | 2024-03-31 | 2023-03-31 | 2022-03-31 | 2021-03-31 |
| Operating Activities | ||||||
| Net Income | $2.14M | $1.05M | $1.27M | $802K | $1.2M | $717K |
| Depreciation & Amortization | $30K | $621 | $12K | $15K | $5K | $2K |
| Deferred Income Tax | -$5K | $0 | $0 | $0 | $0 | $0 |
| Stock-Based Compensation | $0 | $0 | $0 | $0 | $0 | $0 |
| Changes in Working Capital: | ||||||
| Accounts Receivable | -$5.22M | $808K | -$126K | -$15K | -$66K | -$34K |
| Inventory | $241K | -$3K | -$30K | $0 | $32K | -$222K |
| Accounts Payable | $2.99M | -$1.2M | $253K | $74K | $19K | $0 |
| Other Working Capital | -$1.99M | $109K | $640K | $12K | -$5K | -$404 |
| Total Working Capital Change | -$3.99M | -$288K | $737K | $558K | -$159K | -$257K |
| Other Non-Cash Items | -$31K | $27K | -$8K | $23K | -$58 | $392K |
| Net Cash from Operating | -$1.86M | $793K | $2.01M | $1.4M | $1.05M | $853K |
| Investing Activities | ||||||
| Capital Expenditures | $0 | $0 | $0 | $0 | -$191 | -$3K |
| Acquisitions | -$3.54M | $0 | $0 | $0 | $0 | $0 |
| Purchases of Investments | $0 | $0 | $0 | $0 | $0 | $0 |
| Sales of Investments | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Investing Activities | $0 | $19K | $108K | $184K | $281K | -$593K |
| Net Cash from Investing | -$3.54M | $19K | $108K | $184K | $281K | -$596K |
| Financing Activities | ||||||
| Debt Repaid | - | - | - | - | - | - |
| Common Stock Issuance | $4.46M | $5.46M | -$34K | -$52K | $0 | $0 |
| Common Stock Repurchases | $0 | $0 | $0 | $0 | $0 | $0 |
| Dividends Paid | $0 | $0 | $0 | $0 | -$199K | $0 |
| Other Financing Activities | $0 | $0 | -$265K | -$405K | $0 | $0 |
| Net Cash from Financing | $4.46M | $5.46M | -$265K | -$405K | -$199K | $0 |
| Forex Effect | -$6K | -$35K | $490 | -$20K | $55K | $0 |
| Net Change in Cash | -$952K | $6.24M | $1.85M | $1.16M | $1.13M | $258K |
| Supplementary Data | ||||||
| Operating Cash Flow | -$1.86M | $793K | $2.01M | $178K | $135K | $853K |
| Capital Expenditure | $0 | $0 | $0 | $0 | -$191 | -$3K |
| Free Cash Flow | -$1.86M | $793K | $2.01M | $178K | $135K | $851K |
| Cash at Beginning | $10.9M | $4.57M | $2.72M | $200K | $435K | $178K |
| Cash at End | $9.94M | $10.82M | $4.57M | $347K | $200K | $435K |