$Tuya Inc.(TUYA)$ Q1'24 Growth Stats
Q1 2024 revenue: $61.7 million (30% YoY increase)
Non-GAAP net profit: $12.3 million (four consecutive quarters of profitability)
IoT PaaS revenue: $45.6 million (36% YoY increase)
Smart device distribution (Smart Solution) revenue: $7.5 million (37% YoY growth)
Tuya-enabled large and small home appliances Q1 revenue: 75% YoY increase
Smart air conditioners, thermostats, and temperature control valves: over 100% YoY growth
Security products: Growth surpassing the industry average since 2023
Registered developers: 1.074 million (8.2% increase from end of 2023)
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