Tuya

Tuya, Inc. provides smart cloud service and IoT-related software and hardware solutions. It specializes in product, protocol, region, and supplier agnostics. The company was founded by Liao Han Chen, Jerry Wang, Yi Yang, Luckin Zhou, and Xue Ji Wang in 2014 and is headquartered in Hangzhou, China.

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Tuya reports robust Q1 earnings, eyes growth in spatial intelligence

Tuya's Q1 2024 performance reflects strong revenue growth, profitability, and a focus on innovative solutions. While facing challenges in margin sustainability, the company's strategic strengths and cash management provide a solid foundation for future growth.

Tuya reports robust Q3 growth, eyes global expansion opportunities

Tuya's Q3 2024 performance reflects strong revenue growth, notable segment expansions, and a focus on enhancing user experience through innovative product capabilities.
While facing challenges in certain revenue segments and margin maintenance, the company's strengths lie in robust customer retention, global collaborations, and a strong ecosystem.
Opportunities abound for Tuya to leverage its developer base, investor support, and market positioning to drive further growth and capitalize on the expanding IoT market.

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Tuya, Inc. engages in developing smart cloud service and IoT-related software and hardware solutions. It specializes in product, protocol, region, and supplier agnostics. The company was founded by Liao Han Chen, Alex Yang, Ruixin Zhou, and Xue Ji Wang on June 16, 2014 and is headquartered in Hangzhou, China.

LAS VEGAS , Jan. 10, 2025 /PRNewswire/ -- Tuya Smart (NYSE: TUYA, HKEX: 2391), a global cloud platform service provider, successfully hosted its highly anticipated Tuya Developer Day event during CES 2025. This year's CES theme "DIVE IN" brought innovators, decision-makers, visionaries, and potential partners from across the global tech companies and ecosystem to explore cutting-edge advancements shaping modern lifestyles.

Tuya Smart Hosts Successful 'Tuya Developer Day' During CES 2025, Leading Industry Change with Innovative AI Technology

LAS VEGAS , Jan. 9, 2025 /PRNewswire/ -- Tuya Smart (NYSE: TUYA, HKEX: 2391), a global cloud platform service provider, showcased its cutting-edge innovations under the theme "AI DIVE IN" at CES 2025. The initiative demonstrates how AI technology integration with hardware products and solutions can create smarter and more sustainable living environments while driving global technological innovation.

Tuya Smart Shines at CES 2025, Paving the Way to a Smart Future with AI Technology

LAS VEGAS , Jan. 9, 2025 /PRNewswire/ -- Tuya Smart (NYSE: TUYA, HKEX: 2391), a global cloud platform service provider, showcases its latest AI-driven products and solutions at CES 2025, taking place from January 7 to 10 in Las Vegas, Nevada, USA. Tuya aligns with the CES 2025 theme while developing its own variation, "AI DIVE IN" (in Chinese Pin Yin: Yu AI Tong Xing, Zhi Ze Wan Xiang).

Tuya Highlights its Theme for CES 2025: Unlocking the Door to "All Possibilities" with AI

NEW YORK , Dec. 26, 2024 /PRNewswire/ -- On December 3, 2024, Tuya Smart (NYSE: TUYA, HKEX: 2391), the global cloud platform service provider, received the 2024 Geo and Global AWS Partner Awards at the AWS re:Invent 2024 event. The company won two awards in the Greater China Region: Sustainability Partner of the Year and Design Partner of the Year.

Tuya Smart Awarded 2024 AWS Partner Award, Accelerating Global Intelligence

TUYA's diverse portfolio and strong clientele make the stock lucrative. However, stretched valuation and macro headwinds can be risky.

Tuya Rises 19% in 3 Months: How Should Investors Play the Stock?

Temasek-backed 65 Equity Partners bought 13% stake in Tuya Inc. TUYA, implying a total investment of US$100 million (or S$134M). The fund's mandate is to support high growth, mid-cap companies seeking a listing on the Singapore Exchange (SGX).

Tuya Inc (NYSE: TUYA) - Growth to Accelerate Following 13% Stake Purchase by 65 Equity Partners

NEW YORK , Nov. 29, 2024 /PRNewswire/ -- Tuya Smart (NYSE: TUYA, HKEX: 2391), a global cloud platform service provider, was recognized at the "20 CASES FOR 20 YEARS" of Private Sector Sustainable Development in China organized by UNGC, for its innovative Home Energy Management System (HEMS). This recognition highlights Tuya's deep commitment to ESG principles and its comprehensive dedication to sustainable development.

Tuya Smart's HEMS Recognized in UNGC "20 CASES FOR 20 YEARS" of Private Sector Sustainable Development in China

Despite a 32% YTD drop, TUYA's robust portfolio, strong clientele and attractive valuation suggest that the stock can be an attractive pick right now.

Tuya Stock Plunges 32% Year to Date: Should You Buy the Dip?

NEW YORK , Nov. 21, 2024 /PRNewswire/ -- Tuya Smart (NYSE: TUYA, HKEX: 2391), a global cloud platform service provider, in partnership with Biosphere 3, successfully hosted a side event titled "Sustainable Communities and Technology Applications" in the COP29 Blue Zone. The company also participated in an additional side event "Energy Transition: Challenges and Opportunities".

Tuya Smart Advances Global Green Transformation Through Energy-Focused Side Events at COP29 in Azerbaijan

Tuya Inc. is a speculative buy at $1-$1.50 due to its strong revenue growth and margin expansion despite market skepticism. The company's IoT PaaS and SaaS segments show impressive growth, with total revenue up 33.6% year-over-year. Margins slightly contracted due to higher costs, but adjusted operating expenses decreased, and the company is near breakeven on an adjusted basis.

Tuya Remains Speculative, But There Is Trading Upside

Tuya Inc. (NYSE:TUYA ) Q3 2024 Results Conference Call November 18, 2024 7:30 PM ET Company Participants Reg Chai - IR Jerry Wang - CEO Alex Yang - CFO Conference Call Participants Tom Tang - Morgan Stanley Timothy Zhao - Goldman Sachs Kai Xiao - CICC John Roy - Water Tower Research Operator Good morning, and good evening, ladies and gentlemen. Thank you for standing by, and welcome to Tuya Inc. Third Quarter 2024 Earnings Conference Call.

Tuya Inc. (TUYA) Q3 2024 Earnings Call Transcript

SANTA CLARA, Calif. , Nov. 18, 2024 /PRNewswire/ -- Tuya, Inc. ("Tuya" or the "Company", together with its subsidiaries and consolidated affiliated entities, the "Group") (NYSE: TUYA; HKEX: 2391), a global leading cloud platform service provider, today announced that the board (the "Board") of directors of the Company has appointed Ms.

Tuya Announces Director Appointment

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.

Tuya Reports Third Quarter 2024 Unaudited Financial Results

SANTA CLARA, Calif. , Nov. 18, 2024 /PRNewswire/ -- Tuya Inc. ("Tuya") (NYSE: TUYA; HKEX: 2391), a global leading cloud platform service provider, today announced that a definitive agreement has been entered into in respect of a strategic investment by 65 Equity Partners through its purchase of an approximate 13% of Tuya's total issued shares from New Enterprise Associates ("NEA").

Tuya Announces Anchor Investment by 65 Equity Partners

NEW YORK , Nov. 11, 2024 /PRNewswire/ -- From November 11 to 22, 2024, the 29th Conference of the Parties to the United Nations Framework Convention on Climate Change (COP29) is set to commence in Baku, the capital of Azerbaijan. Tuya Smart (NYSE: TUYA, HKEX: 2391), a leading global cloud platform service provider, is poised to make a significant appearance at this pivotal event, representing the technology sector.

Embracing the Green Commitment: Tuya Smart to Showcase at the 29th United Nations Climate Change Conference

SANTA CLARA, Calif. , Nov. 5, 2024 /PRNewswire/ -- Tuya Inc. ("Tuya" or the "Company") (NYSE: TUYA; HKEX: 2391), a global leading cloud platform service provider, today announced that it will report its third quarter 2024 unaudited financial results after the market closes on Monday, November 18, 2024.

Tuya to Report Third Quarter 2024 Financial Results on November 18, 2024 Eastern Time

My Buy rating for Tuya Inc. is unchanged, considering the potential for an improvement in the company's future financial performance and capital return. Tuya's recent special dividend distribution increases the likelihood of the company paying out recurring dividends in the coming years. I expect Tuya to achieve faster revenue growth and profit margin expansion going forward, considering the favorable change in the client mix and the positive effects of operating leverage.

Tuya: Staying Positive On Shareholder Return And Financial Improvement Potential

UP Fintech Holding

The shares of several Chinese technology companies experienced significant declines. Notably, Tuniu (TOUR, Financial) dropped by nearly 8%, and Tiger Securities (TIGR) saw a decrease of close to 7%.

TUYA and TIGR Lead Declines in Chinese Tech Stocks

Tuya (TUYA) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.

Earnings Estimates Rising for Tuya (TUYA): Will It Gain?

Tuya (TUYA) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).

Tuya (TUYA) Upgraded to Strong Buy: What Does It Mean for the Stock?

Tuya Inc. (NYSE:TUYA ) Q2 2024 Results Conference Call August 26, 2024 8:30 PM ET Company Participants Reg Chai - Investor Relations Director Xueji Wang - Founder, Co-Chairman & CEO Yao Liu - Senior VP, CFO & Director Alex Yang - Co-founder, COO & Director Conference Call Participants Yang Liu - Morgan Stanley Timothy Zhao - Goldman Sachs Operator Good day, and thank you for standing by. Welcome to the Tuya Inc. Second Quarter 2024 Earnings Conference Call.

Tuya Inc. (TUYA) Q2 2024 Earnings Call Transcript

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 that Ms.

Tuya Announces Changes to Board and Senior Management

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 that the board of directors of the Company (the "Board") has approved the declaration of a special cash dividend.

Tuya Announces Declaration of Special Dividend

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.

Tuya Reports Second Quarter 2024 Unaudited Financial Results and Declaration of Special Dividend

NEW YORK , Aug. 21, 2024 /PRNewswire/ -- Tuya Smart (NYSE: TUYA, HKEX: 2391), the leading global cloud platform service provider, has been selected for Gartner's prestigious "Hype Cycle for Smart City and Sustainability in China, 2024" for the third consecutive year. This recognition highlights the maturity and potential of smart city and sustainable development technologies, as well as their significant market impact.

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