$Tuya Inc.(TUYA)$ Tuya (NYSE:TUYA) reported quarterly earnings of $0.04 per share which beat the analyst consensus estimate of $0.02 by 100 percent. The company reported quarterly sales of $73.28 million which beat the analyst consensus estimate of $70.52 million by 3.92 percent. This is a 28.55 percent increase over sales of $57.00 million the same period last year
$Tuya Inc.(TUYA)$ Tuya's payoff from innovation and international expansion will take time to materialize. It's a good sign that the company is continuing to aggressively execute partnerships (Firefly, V2 Indonesia) while waiting for the interest rate/consumer environment to become more favorable. There is a clear demand for Tuya's product; they just need to continue their positive revenue/EPS/margin trajectory while containing operating losses. I'm confident in their management's ability to do this; better to ride the wave early!
$Tuya Inc.(TUYA)$ Awesome to see Tuya expanding into the wearable technology market (valued at $120.54B in 2023 and expected to grow to $1,415.26B by 2032) with its smart ring. The product seems to offer health monitoring, sleep analysis, and GPS positioning – a testament to the future of smart living!
$Tuya Inc.(TUYA)$ An assuring quote from Chen Jing of TuyaOS: “Tuya has been deeply engaged in the smart market for many years, creating a distributed cross-platform operating system for full connectivity and all scenarios. With technologies like T5 modules, Bluetooth batch networking, PLC technology, and 4G cloud card modules, we have achieved connection evolution, receiving positive market feedback. With the addition of generative AI, we have created an end-cloud integrated architecture that easily realizes pet detection, vehicle detection, voice recognition, posture recognition, and bird recognition, paving the way for product innovation by global developers. We will continue to explore more advanced connection paths, making smart living within
$Tuya Inc.(TUYA)$ As indicated by their developer conference (amassed over 3,000 developer attendees), Tuya is moving full steam ahead as a thought leader regarding GenAI, smart product development and low-carbon initiatives - all while continuing to innovate across spaces like home security, pet care and healthcare. Looking forward to seeing how future technologies synergize with Tuya's business!
$Tuya Inc.(TUYA)$ So glad to see that Tuya has joined the UN Global Compact (UNGC), committing to its Ten Principles addressing human rights, labor, environment, and anti-corruption. The company's knowledge of cloud platforms/AI best practices, combined with their network of 1M+ developers, will meaningfully impact global sustainability efforts. #TechForGood #ESG #CorporateSocialResponsibility
$Tuya Inc.(TUYA)$ Embracing GenAI is key! Outstanding Q1 2024 performance, and with analytics saying a combination of GenAI and IoT will be a major trend for the year, I think we can expect even more positive things ahead![Cool] [Cool] [Cool] https://iot-analytics.com/state-of-iot-10-emerging-iot-trends-driving-market-growth/
$Tuya Inc.(TUYA)$ 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)
⬆ $Tuya Inc(TUYA)$ - Tuya reported a strong 1Q24, with revenue of $61.7 million, up 30% Y/Y (consensus was for ~15% Y/Y growth). Gross margin continued to grow, up 360 bps Y/Y to 47.8% (a company record) Continue reading on Smartkarma:- https://www.smartkarma.com/insights/tuya-inc-1q24-earnings-strong?utm_source=tiger_community By Water Tower Research, Insight Provider on Smartkarma:- https://www.smartkarma.com/profiles/water-tower-research?utm_source=tiger_community On Tuya Inc (TUYA):- https://www.smartkarma.com/entities/tuya-inc?utm_source=tiger_community
$Tuya Inc.(TUYA)$ Water Tower Research shared a thought-provoking opinion on AIoT (Artificial Intelligence + Internet of Things) and Tuya's instrumental role in this burgeoning sector: "Tuya focuses on enabling brands to easily integrate AI functionalities into their products. The size of their device ecosystem drives its data advantages , while the intelligence in its smart devices drive commercial advantages , particularly its network effects. Tuya's AI Engine Solution, powered by its data and ecosystem, delivers AI value-added services to connect businesses worldwide for seamless data collaboration." "Among these providers (referring to a list including Amazon Web Services, Microsoft Azure, Google Cloud Platform, Siemens, Bosch), Tuya is the on
$Tuya Inc.(TUYA)$ Tuya's management was recently invited to participate in a summit between China and France. COO Yang Yi communicated and discussed with Chinese and French entrepreneurs on topics such as industrial innovation and mutual trust, green economy and low-carbon transformation, new productivity and sustainable development. Deepening Sino-French economic and trade cooperations will yield positive results for Tuya's business outlook!
Tuya Smart (NYSE: TUYA) is a global IoT development platform that creates interconnected development standards to connect brands, OEMs, developers, retailers and the intelligent needs of various industries. Based on the global public cloud, realize the interconnection of smart scenes and smart devices. Covering three aspects: hardware development tools, global public cloud, and smart business platform development; providing comprehensive empowerment from technology to marketing channels to create a neutral and open developer ecosystem.
11-01
Beneficial Ownership Change
Form SC 13G/A - Statement of Beneficial Ownership by Certain Investors: [Amend]