Erayak Power Solution Group Inc. (RAYA) Form 6-K — Oct 14, 2026
Erayak Power (RAYA) reported H1 2026 revenue of $12.17 million, up 39.17% year over year, driven by a 63.80% jump in gasoline generator sales and a 35.43% rise in inverter sales. Despite the top-line growth, the net loss widened 47.34% to $761,221 and gross margin fell 4.23 points to 15.63%, as the company pursued a deliberate high-volume, low-margin pricing strategy and sold more lower-margin generators. The company funded expansion through roughly $7.6 million of ATM and private placement equity sales plus $13.15 million in total financing inflows, while operating cash flow burned $3.74 million and related-party receivables grew by about $4.0 million.
Key figures
- Revenue
- 12170000
- Revenue Yoy
- 39.17%
- Gross Profit
- 1902355
- Cash Position
- 2830218
- Working capital
- $23.93 million
- Gross margin 2025
- 19.86%
- Gross margin 2026
- 15.63%
- Financing cash flow
- 13150087
- Reverse split ratio
- 1-for-10 (effective April 20, 2026); prior 220-for-1 split September 2025
- Subsequent borrowings rmb
- 82770000
- Private placement proceeds
- 400000
AI analysis
The rest of the AI analysis, red flags and sentiment are part of Signal8 Pro.
AI-generated analysis of a public disclosure. Not investment advice; verify against the original document.