Tuya Reports Second Quarter 2024 Unaudited Financial Results and Declaration of Special Dividend
Tuya Inc. American Depositary Shares, each representing one Class A Ordinary Share (TUYA)
Company Research
Source: PR Newswire
SANTA CLARA, Calif., Aug. 26, 2024 /PRNewswire/ -- Tuya Inc. ("Tuya" or the "Company") (NYSE: TUYA; HKEX: 2391), a global leading cloud platform service provider, today announced its unaudited financial results for the second quarter ended June 30, 2024 and the declaration of a special cash dividend.Second Quarter 2024 Financial HighlightsTotal revenue was US$73.3 million, up approximately 28.6% year over year (2Q2023: US$57.0 million).IoT platform-as-a-service ("PaaS") revenue was US$54.3 million, up approximately 32.0% year over year (2Q2023: US$41.1 million).Software-as-a-service ("SaaS") and others revenue was US$9.6 million, up approximately 2.4% year over year (2Q2023: US$9.4 million).Smart solution revenue was US$9.4 million, up approximately 44.2% year over year (2Q2023: US$6.5 million).Overall gross margin increased to 48.0%, up 1.3 percentage points year over year (2Q2023: 46.7%). Gross margin of IoT PaaS increased to 47.6%, up 3.4 percentage points year over year (2Q2023: 4
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TUYA
Earnings
- 8/26/24 - Beat
TUYA
Sec Filings
- 11/6/24 - Form 6-K
- 11/5/24 - Form 6-K
- 11/1/24 - Form SC
- TUYA's page on the SEC website