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.

NEW YORK , Nov. 3, 2023 /PRNewswire/ -- Tuya Smart (NYSE: TUYA, HKEX: 2391), a global IoT developer service provider, successfully achieved PSA Certified Level 1 device certification for its self-developed TS24-U module. The TS24-U is a Matter over Thread module created by Tuya that comprises the EFR32MG24 RF processor chip, EFR32MG24, a number of peripherals, and a built-in 802.15.

Tuya TS24-U module achieves PSA Certified Level 1, helping to establish a secure development environment for Matter devices

NEW YORK , Oct. 30, 2023 /PRNewswire/ -- Tuya Smart (NYSE: TUYA, HKEX: 2391), a global IoT developer service provider, has been committed to advancing the adoption of Matter standards in the industry, helping customers to reduce the cost of receiving Matter certification for devices and shorten product launch times, to seize new opportunities in smart business. The Connectivity Standards Alliance officially released Matter 1.2 on October 23, 2023.

Tuya Smart Promotes Implementation of Matter Applications For Official Release of Matter 1.2

Tuya Inc. shares didn't perform well, even though its Q2 2023 results beat expectations. Tuya's near-term prospects are unfavorable, taking into account China's recent monthly export numbers and the RMB-USD exchange rate fluctuations. I still rate Tuya Inc. as a Hold, as I think that it is too early to be bullish on the company's shares now.

It's Premature To Rate Tuya As A Buy

NEW YORK , Sept. 4, 2023 /PRNewswire/ -- Tuya Smart (NYSE: TUYA, HKEX: 2391), a global IoT developer service provider, announced at the re:Inforce China conference to have jointly established a "Collaborative Security Lab" with Amazon Web Services (AWS), the world's most comprehensive and broadly adopted cloud.

Tuya Smart and Amazon Web Services Collaborate to Establish an IoT Security Lab

Tuya Inc (NYSE:TUYA ) Q2 2023 Results Conference Call August 23, 2023 8:30 PM ET Company Participants Reg Chai - Director of Investor Relations Xueji Wang - Founder, Co-Chairman and CEO Yao Liu - Senior VP, CFO and Director Conference Call Participants Yang Liu - Morgan Stanley Timothy Zhao - Goldman Sachs Mingran Li - CICC Operator Good morning, good evening ladies and gentlemen. Thank you for standing by and welcome to Tuya Inc's Second Quarter 2023 Earnings Conference Call.

Tuya Inc (TUYA) Q2 2023 Earnings Call Transcript

SANTA CLARA, Calif. , Aug. 23, 2023 /PRNewswire/ -- Tuya Inc. ("Tuya" or the "Company") (NYSE: TUYA; HKEX: 2391), a global leading IoT cloud development platform, today announced its unaudited financial results for the second quarter ended June 30, 2023.

Tuya Reports Second Quarter 2023 Unaudited Financial Results

SANTA CLARA, Calif. , Aug. 11, 2023 /PRNewswire/ -- Tuya Inc. ("Tuya" or the "Company") (NYSE: TUYA; HKEX: 2391), a global leading IoT cloud development platform, today announced that it will report its second quarter 2023 unaudited financial results after the market closes on Wednesday, August 23, 2023.

Tuya to Report Second Quarter 2023 Financial Results on August 23, 2023 Eastern Time

NEW YORK , Aug. 3, 2023 /PRNewswire/ -- Tuya Smart (NYSE: TUYA, HKEX: 2391), a global IoT developer service provider, announced that the Tuya Matter PAA keygen created in May has successfully passed both the Connectivity Standards Alliance ("the Alliance") and independent MA groups' reviews in July. This makes Tuya one of the few businesses in the world to offer both Full-stack Solutions for Matter and Matter Non-VID Scoped PAA certificates that are recognized by the Alliance.

Tuya Receives Non-VID Scoped PAA Certification Authorization to Further Improve the Development Experience

WASHINGTON , July 26, 2023 /PRNewswire/ -- Tuya Smart (NYSE: TUYA, HKEX: 2391), a global IoT developer service provider, today shared its extensive cybersecurity approaches at a cyber norms forum hosted by the Research Center for Global Cyberspace Governance (RCGCG) with the aim of securing rapidly advancing tech frontiers. With the theme "Cyber Norms: Legal, Policy & Industry Perspectives", the event assembled a team of cyberspace and international relations experts from institutions, organizations and companies such as Massachusetts Institute of Technology, U.S.-China Business Council, Hathaway Global Strategies LLC and Tuya Smart.

Advancing Global Cybersecurity: Tuya Smart Shares Industry-Leading IoT Security Practices at Cyber Norms Forum

Tuya Inc. provides a platform-as-a-service for Internet of Things companies in China and overseas. The firm has experienced top line revenue decline as customers have entered a destocking period due to soft consumer demand. While management is making progress toward earnings breakeven due to cost cutting, until it can reignite revenue growth, I'm Neutral [Hold] on Tuya Inc.

Tuya Progresses To Earnings Breakeven On Cost Cutting

SANTA CLARA, Calif. , June 29, 2023 /PRNewswire/ -- Tuya Inc. ("Tuya" or the "Company") (NYSE: TUYA; HKEX: 2391), a global leading IoT cloud development platform, today announced that its board of directors (the "Board") has authorized a share repurchase program under which the Company may repurchase up to US$50 million of its Class A ordinary shares ("Ordinary Shares"), including in the form of American depositary shares ("ADSs"), pursuant to the general mandate granted to the Board to exercise all powers of the Company to repurchase Ordinary Shares (including in the form of ADSs) by the shareholders of the Company on the annual general meeting on June 20, 2023 (the "Share Repurchase Program").

Tuya Inc. Announces US$50 Million Share Repurchase Program

NEW YORK , June 22, 2023 /PRNewswire/ -- Tuya Smart (NYSE: TUYA, HKEX: 2391), a global IoT development platform service provider, attended the membership meeting hosted by the Connectivity Standards Alliance (hereinafter called the Alliance). As a board member of the Alliance and early participant in Matter, Tuya demonstrated the new achievements of its Solutions for Matter for global developers.

Tuya Smart Presents Latest Advances of Its Solutions for Matter at Connectivity Standards Alliance Membership Meeting

SANTA CLARA, Calif. , June 20, 2023 /PRNewswire/ -- Tuya Inc. ("Tuya" or the "Company") (NYSE: TUYA; HKEX: 2391), a global leading IoT cloud development platform, today announced results of the annual general meeting held at 2:00 p.m.

Tuya Inc. Announces Results of Annual General Meeting and Changes to the Board and Audit Committee

Tuya Inc. Sponsored ADR (TUYA) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

What Makes Tuya Inc. Sponsored ADR (TUYA) a New Buy Stock

Tuya, Inc. (NYSE:TUYA ) Q1 2023 Earnings Conference Call June 7, 2023 8:30 PM ET Company Participants Reg Chai - IR Director Jerry Wang - Founder, Co-Chairman & CEO Jessie Liu - SVP, CFO & Director Conference Call Participants Yang Liu - Morgan Stanley Operator Good morning, and good evening, ladies and gentlemen. Thank you for standing by, and welcome to the Tuya Inc.'s First Quarter 2023 Earnings Conference Call.

Tuya, Inc. (TUYA) Q1 2023 Earnings Call Transcript

SANTA CLARA, Calif. , June 7, 2023 /PRNewswire/ -- Tuya Inc. ("Tuya" or the "Company") (NYSE: TUYA; HKEx: 2391), a global leading IoT cloud development platform, today announced its unaudited financial results for the first quarter ended March 31, 2023.

Tuya Reports First Quarter 2023 Unaudited Financial Results

NEW YORK, May 31, 2023 /PRNewswire/ -- Tuya Smart (NYSE: TUYA, HKEX: 2391), a global IoT development platform service provider, recently launched the world's first 5-inch Smart Control Panel Solution for smart homes that features Matter and Alexa Built-in. The solution was launched at the Connections 2023 conference in Frisco, Texas, with the potential to help customers launch smart central control panels for international markets more quickly and smoothly.

Tuya Smart Releases the World's First Smart Control Panel Solution for Smart Homes That Incorporates Matter and Alexa Built-in

SANTA CLARA, Calif. , May 25, 2023 /PRNewswire/ -- Tuya Inc. ("Tuya" or the "Company") (NYSE: TUYA; HKEX: 2391), a global leading IoT cloud development platform, today announced that it will report its first quarter 2023 unaudited financial results after the market closes on Wednesday, June 7, 2023.

Tuya to Report First Quarter 2023 Financial Results on June 7, 2023 Eastern Time

SANTA CLARA, Calif. , May 9, 2023 /PRNewswire/ -- Tuya Inc. ("Tuya" or the "Company") (NYSE: TUYA; HKEX: 2391), a global leading IoT cloud development platform, today announced that it will hold an annual general meeting of the Company's shareholders (the "AGM") at 2:00 p.m.

Tuya Inc. to Hold Annual General Meeting on June 20, 2023

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SANTA CLARA, Calif. , April 26, 2023 /PRNewswire/ -- Tuya Inc. ("Tuya" or the "Company") (NYSE: TUYA; HKEX: 2391), a global leading IoT cloud development platform, today announced that it has filed its annual report on Form 20-F for the fiscal year ended December 31, 2022 with the Securities and Exchange Commission (the "SEC") on April 26, 2023, U.S. Eastern Time.

Tuya Filed 2022 Annual Report on Form 20-F and Released Inaugural Environmental, Social and Governance Report

The Chinese Internet of Things company delivered a disappointing earnings report.

Why Tuya Stock Dropped Today

Tuya Inc. (NYSE:TUYA ) Q4 2022 Earnings Conference Call March 1, 2023 7:00 PM ET Company Participants Reg Chai - Investor Relations Jerry Wang - Founder and Chief Executive Officer Jessie Liu - Chief Financial Officer Conference Call Participants Yang Liu - Morgan Stanley Timothy Zhao - Goldman Sachs Li Mingran - CICC Operator Good morning and good evening, ladies and gentlemen. Thank you for standing by and welcome to Tuya Inc. Fourth Quarter and Full Year 2022 Earnings Conference Call.

Tuya Inc. (TUYA) Q4 2022 Earnings Call Transcript

SANTA CLARA, Calif. , March 1, 2023 /PRNewswire/ -- Tuya Inc. ("Tuya" or the "Company", together with its subsidiaries and consolidated affiliated entities, the "Group") (NYSE: TUYA; HKEX: 2391), a global leading IoT cloud development platform, today announced its unaudited financial results for the fourth quarter and full fiscal year ended December 31, 2022.

News for Tuya Stock (TUYA)