Tuya Reports First Quarter 2024 Unaudited Financial Results [Yahoo! Finance]
Tuya Inc. American Depositary Shares, each representing one Class A Ordinary Share (TUYA)
Company Research
Source: Yahoo! Finance
service provider, today announced its unaudited financial results for the first quarter ended March 31, 2024 First Quarter 2024 Financial Highlights Total revenue was US61.7 million, up approximately 29.9% year over year (1Q2023: US$47.5 million IoT platform-as-a-service ("PaaS") revenue was US$45.6 million , up approximately 35.7% year over year (1Q2023: US$33.6 million Software-as-a-service ("SaaS") and others revenue was US$8.6 million , up approximately 1.8% year over year (1Q2023: US$8.5 million Smart solution revenue was US$7.5 million , up approximately 37.3% year over year (1Q2023: US$5.4 million Overall gross margin increased to 47.8%, up 3.5 percentage points year over year (1Q2023: 44.3%). Gross margin of IoT PaaS increased to 46.4%, up 5.9 percentage points year over year (1Q2023: 40.5%). Operating margin was negative 26.5%, improved by 41.5 percentage points year over year (1Q2023: negative 68.0%). Non-GAAP operating margin was negative 0.9%, improved by 30.
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TUYA
News
- Tuya Smart Joins Forces with Global Smart Industry Leaders to Explore Green and Low-Carbon DevelopmentPR Newswire
- Tuya to Shape the Intelligent Future with Industry Partners at the Enhanced Tuya Ecosystem Partners ExhibitionPR Newswire
- Tuya Global Developer Summit Reshapes Smart Hardware Value with GenAI, Pioneering the Next Wave of Smart LivingPR Newswire
- Tuya and Industry Leaders Jointly Establish an Intelligent Future at the 2024 TUYA Global Developer SummitPR Newswire
- Tuya Smart Leads Industry Innovation with Groundbreaking Generative AI IntegrationPR Newswire
TUYA
Earnings
- 5/20/24 - Beat
TUYA
Sec Filings
- 6/6/24 - Form 6-K
- 5/21/24 - Form 6-K
- 5/20/24 - Form 6-K
- TUYA's page on the SEC website