Tuya Reports Third Quarter 2024 Unaudited Financial Results
Tuya Inc. American Depositary Shares, each representing one Class A Ordinary Share (TUYA)
Company Research
Source: PR Newswire
SANTA CLARA, Calif., Nov. 18, 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 third quarter ended September 30, 2024.Third Quarter 2024 Financial HighlightsTotal revenue was US$81.6 million, up approximately 33.6% year over year (3Q2023: US$61.1 million).IoT platform-as-a-service ("PaaS") revenue was US$57.9 million, up approximately 26.4% year over year (3Q2023: US$45.8 million).Software-as-a-service ("SaaS") and others revenue was US$9.9 million, up approximately 16.7% year over year (3Q2023: US$8.5 million).Smart solution revenue was US$13.8 million, up approximately 102.9% year over year (3Q2023: US$6.8 million).Overall gross margin was 46.0%, down 0.7 percentage points year over year (3Q2023: 46.7%). Gross margin of IoT PaaS increased to 46.9%, up 2.3 percentage points year over year (3Q2023: 44.6%).Operating margin was negative 21.0%, impro
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TUYA
Earnings
- 11/18/24 - Beat
TUYA
Sec Filings
- 11/18/24 - Form 6-K
- 11/18/24 - Form 6-K
- 11/6/24 - Form 6-K
- TUYA's page on the SEC website