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Tuya (TUYA)
NYSE:TUYA
Earnings Data
Report Date
May 08, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.02Last Year’s EPS
0.02Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 26, 2025
|% Change Since: -40.80%
|Next Earnings Date:May 08, 2025
Earnings Call Sentiment|Positive
The earnings call highlights Tuya Inc.'s strong financial performance in 2024, marked by record revenue growth, profitability, and a robust cash position. The company demonstrated significant strides in AI and IoT innovations and expanded its developer ecosystem. While there are challenges, such as legacy share-based compensation expenses and volatility in smart device distribution, the positive aspects significantly outweigh these concerns.Company Guidance
During Tuya Inc.'s Q4 2024 earnings call, the company reported a strong performance with approximately $82 million in revenue, marking a 27.4% year-over-year growth. The PaaS segment generated $59.3 million, achieving a 25.7% increase from the previous year, while smart solution revenue surged by 45.5% to $11.3 million. For the full year 2024, total revenue reached $298.6 million, reflecting a nearly 30% increase compared to 2023. Tuya Inc. also achieved its first-ever annual GAAP net profit and a non-GAAP operating margin of 7.4%, with a 25.2% non-GAAP net profit margin. Additionally, the company reported a 47% increase in revenue per employee and a net cash balance of over $1 billion, supported by an $80.4 million positive operating cash flow for the year. Looking ahead, Tuya Inc. plans to focus on expanding its AIoT developer ecosystem, enhancing AI applications, and increasing global market penetration, particularly in regions like Europe, Latin America, and Asia Pacific.Record-Breaking Revenue Growth
Tuya Inc. achieved nearly 30% year-over-year revenue growth in 2024, marking the company's first annual GAAP net profit and non-GAAP operating profitability.
Strong Fourth Quarter Performance
In Q4 2024, Tuya Inc. reported $82 million in revenue, a 27.4% year-over-year growth, and a 25.7% increase in PaaS revenue, showcasing solid market momentum.
Expansion of Smart Solutions
Smart solution revenue grew by 45.5% year-over-year, driven by high demand in categories such as energy efficiency solutions.
Strong Cash Flow and Liquidity Position
Tuya Inc. generated $80.4 million in positive operating cash flow for 2024 and ended Q4 with a net cash balance of over $1 billion.
Commitment to AI and IoT Innovations
Tuya Inc. launched the AI large model and spatial large language model in 2024, enhancing smart product experiences and competitiveness.
Developer Ecosystem Growth
The number of registered developers reached 1.32 million, with over 1.07 million SKUs of smart devices developed on the platform.
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TUYA Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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TUYA Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 26, 2025 | $3.48 | $3.52 | +1.15% |
| Nov 18, 2024 | $1.70 | $1.56 | -8.24% |
| Aug 26, 2024 | $1.68 | $1.51 | -10.12% |
| May 20, 2024 | $2.04 | $1.93 | -5.39% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Tuya (TUYA) report earnings?
Tuya (TUYA) is schdueled to report earning on May 08, 2025, TBA Not Confirmed.
What is Tuya (TUYA) earnings time?
Tuya (TUYA) earnings time is at May 08, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TUYA EPS forecast?
TUYA EPS forecast for the fiscal quarter 2025 (Q1) is 0.02.
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