Tuya Inc.

Tuya Reports Third Quarter 2023 Unaudited Financial Results

Retrieved on: 
Tuesday, November 28, 2023
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SANTA CLARA, Calif., Nov. 28, 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 third quarter ended September 30, 2023.

Key Points: 
  • SANTA CLARA, Calif., Nov. 28, 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 third quarter ended September 30, 2023.
  • For further information on the non-GAAP financial measures presented above, see the section headed "Use of Non-GAAP Financial Measures."
  • In the third quarter 2023, the Group's premium IoT PaaS customers contributed approximately 83.5% of its IoT PaaS revenue (3Q2022: approximately 79.8%).
  • The Company's management will hold a conference call at 07:30 P.M. Eastern Time on Tuesday, November 28, 2023 (08:30 A.M. Beijing Time on Wednesday, November 29, 2023) to discuss the financial results.

Tuya to Report Third Quarter 2023 Financial Results on November 28, 2023 Eastern Time

Retrieved on: 
Wednesday, November 15, 2023
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SANTA CLARA, Calif., Nov. 15, 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 third quarter 2023 unaudited financial results after the market closes on Tuesday, November 28, 2023.

Key Points: 
  • SANTA CLARA, Calif., Nov. 15, 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 third quarter 2023 unaudited financial results after the market closes on Tuesday, November 28, 2023.
  • Tuya's management will hold a conference call at 07:30 P.M. Eastern Time on Tuesday, November 28, 2023 (08:30 A.M. Beijing Time on Wednesday, November 29, 2023) to discuss the financial results.
  • In advance of the conference call, all participants must use the following link to complete the online registration process.
  • The replay will be accessible through December 05, 2023 by dialing the following numbers:

Home Automation Market in India to grow by USD 3.58 billion from 2021 to 2026 | increased reliance on wireless technologies to boost the market growth - Technavio

Retrieved on: 
Friday, August 25, 2023
ABB, Amazon (company), Honeywell, ADT Inc., Apple Inc., Johnson Controls, Research, USD, Tuya Inc., Security, DIY, Schneider Electric, Risk, Smoke, Segmental analysis (biology), Growth, Alphabet Inc., Wireless, Video game, Mobile phone, Retail, COVID-19, Lighting

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Key Points: 
  • For more insights on the market share of various regions- Download a sample report in MINUTES
    Home Automation Market in India: Increased reliance on wireless technologies to drive growth
    The market is driven by the increased reliance on wireless technologies.
  • Thus, with the increased reliance on wireless technologies, the demand for home automation solutions is expected to increase during the forecast period.
  • Some of the key Home Automation Market In India Players:
    The home automation market in India is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.
  • Home Automation Market In India: Segmentation Analysis
    This market research report segments the home automation market in India by Product (Security, Lighting, and Others) and Technology (Wireless and Wired).

Tuya Reports Second Quarter 2023 Unaudited Financial Results

Retrieved on: 
Wednesday, August 23, 2023
Platform as a service, Software as a service, Marketing, ADS, Research, Tuya Inc., PIN, Investment, Growth, NYSE, Total, Software, Rare-earth element, Video game, Food delivery, Cryptocurrency, Customer service, Retail, Bank, Internet of things, Cube

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.

Key Points: 
  • 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.
  • IoT PaaS customers[1] for the second quarter 2023 were approximately 2,300 (2Q2022: approximately 2,800).
  • In the second quarter 2023, the Group's premium IoT PaaS customers contributed approximately 79.8% of its IoT PaaS revenue (2Q2022: approximately 82.4%).
  • Smart device distribution gross margin in the second quarter of 2023 was 23.0%, compared to 11.4% in the same period of 2022, primarily due to higher-value products solution we provided to our customers during the second quarter of 2023.

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

Retrieved on: 
Friday, August 11, 2023
Tuya Inc., Tuya, PIN, NYSE, Internet of things, Online shopping

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.

Key Points: 
  • 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's management will hold a conference call at 08:30 P.M. Eastern Time on Wednesday, August 23, 2023 (08:30 A.M. Beijing Time on Thursday, August 24, 2023) to discuss the financial results.
  • In advance of the conference call, all participants must use the following link to complete the online registration process.
  • The replay will be accessible through August 30, 2023 by dialing the following numbers:

Tuya Inc. Announces US$50 Million Share Repurchase Program

Retrieved on: 
Thursday, June 29, 2023
Listing Rules, Share repurchase, Internet of things, Stock exchange, Tuya Inc., NYSE, Security (finance)

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").

Key Points: 
  • 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").
  • Mr. Xueji (Jerry) Wang, Founder and Chief Executive Officer of Tuya, commented, "The Share Repurchase Program is a strong indication of the Board's confidence in the Company's fundamentals and long-term business prospects.
  • We believe that the Share Repurchase Program will ultimately benefit Tuya as well as create value for its customers and shareholders, and our strong cash positions will enable us to continuously invest in our technology leadership and business development".
  • The Board will review the Share Repurchase Program periodically, and may authorize adjustment of its terms and size or suspend or discontinue the program.

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

Retrieved on: 
Tuesday, June 20, 2023
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Additionally, the Company announced changes to its board of directors (the "Board") and audit committee of the Board (the "Audit Committee").

Key Points: 
  • Additionally, the Company announced changes to its board of directors (the "Board") and audit committee of the Board (the "Audit Committee").
  • The Company announced that each of the proposed resolutions submitted for shareholders' approval (the "Proposed Resolutions") as set forth in the notice of annual general meeting dated May 10, 2023, Hong Kong time, have been adopted at the annual general meeting.
  • Mr. Yip will replace Mr. Changheng Qiu, an independent director on the Board, who has served as a member of the Audit Committee since July 2022.
  • Mr. Qiu will remain a chair of the compensation committee, nomination committee and corporate governance committee of the Board.

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

Retrieved on: 
Thursday, May 25, 2023
Tuya Inc., Tuya, PIN, NYSE, Internet of things

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.

Key Points: 
  • 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's management will hold a conference call at 08:30 P.M. Eastern Time on Wednesday, June 7, 2023 (08:30 A.M. Beijing Time on Thursday, June 8, 2023) to discuss the financial results.
  • In advance of the conference call, all participants must use the following link to complete the online registration process.
  • The replay will be accessible through June 15, 2023 by dialing the following numbers:

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

Retrieved on: 
Wednesday, May 10, 2023
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The AGM Notice and the form of proxy for the AGM are available on the Company's website at ir.tuya.com.

Key Points: 
  • The AGM Notice and the form of proxy for the AGM are available on the Company's website at ir.tuya.com.
  • The board of directors of the Company fully supports the Proposed Resolutions and recommends that shareholders and holders of American depositary shares ("ADSs") vote in favor of the Proposed Resolutions.
  • The Company has filed its annual report on Form 20-F, including its audited financial statements, for the fiscal year ended December 31, 2022, with the U.S. Securities and Exchange Commission (the "SEC").
  • The Company's annual report on Form 20-F can be accessed on the Company's website at ir.tuya.com and on the SEC's website at http://www.sec.gov .

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

Retrieved on: 
Wednesday, April 26, 2023
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The annual report can be accessed on the Company's investor relations website at ir.tuya.com and on the SEC's website at www.sec.gov .

Key Points: 
  • The annual report can be accessed on the Company's investor relations website at ir.tuya.com and on the SEC's website at www.sec.gov .
  • The Company will also provide a hard copy of its annual report on Form 20-F for the fiscal year ended December 31, 2022, free of charge, to its shareholders and American Depositary Share holders upon written request.
  • The Company also announced today that it has released its inaugural Environmental, Social and Governance ("ESG") Report to highlight the Company's ESG strategies, accomplishments, and progress towards its sustainability goals.
  • To view the report in full, please visit: ir.tuya.com.