Tuya Reports Fourth Quarter 2023 Unaudited Financial Results [Yahoo! Finance]
Tuya Inc. American Depositary Shares, each representing one Class A Ordinary Share (TUYA)
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Source: Yahoo! Finance
development platform, today announced its unaudited financial results for the fourth quarter ended December 31, 2023 Fourth Quarter 2023 Financial Highlights Total revenue was US$64.4 million , up approximately 42.2% year over year (4Q2022: US$45.3 million IoT platform as a service "PaaS" revenue was US$47.2 million , up approximately 44.6% year over year (4Q2022: US$32.6 million Software as a service "SaaS" and others revenue was US$9.5 million , up approximately 19.3% year over year (4Q2022: US$7.9 million Overall gross margin increased to 47.3%, up 2.7 percentage points year over year (4Q2022: 44.6%). Gross margin of IoT PaaS increased to 44.8%, up 3.3 percentage points year over year (4Q2022: 41.5%). Operating margin was negative 36.7%, improved by 35.8 percentage points year over year (4Q2022: negative 72.5%). Non GAAP operating margin was negative 0.4%, improved by 33.4 percentage points year over year (4Q2022: negative 33.8%). Net margin was negative 16.8%, improv
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TUYA
News
- Tuya Filed 2023 Annual Report on Form 20-F and Released Inaugural Environmental, Social and Governance ReportPR Newswire
- Tuya Smart Shares Front-line Insights to Advance Discussions on Cyber Norms in EuropePR Newswire
- Tuya Smart Announces Partnership with ZAIN KSA to Drive Smart Transformation in the Middle EastPR Newswire
- When Can We Expect A Profit From Tuya Inc. (NYSE:TUYA)? [Yahoo! Finance]Yahoo! Finance
- Tuya's Losses Narrow, But Stock Still Looks Pricey [Seeking Alpha]Seeking Alpha
TUYA
Earnings
- 2/27/24 - Beat
TUYA
Sec Filings
- 4/24/24 - Form 6-K
- 4/24/24 - Form 20-F
- 4/19/24 - Form 144
- TUYA's page on the SEC website