Tuya Inc. develops Internet of Things (IoT) cloud platform worldwide. The company provides IoT Platform-as-a-Service that enables brands, original equipment manufacturers, and developers to develop, launch, manage, and monetize smart devices and services; industry Software-as-a-Service, which enables businesses to deploy, connect, and manage various types of smart devices. It also offers a wide range of cloud-based value-added services to businesses, developers, and end users to develop and manage IoT experiences. In addition, the company sells finished smart devices. It offers its solutions to smart home, smart business, healthcare, education, agriculture, outdoors and sport, and entertainment industries. The company was incorporated in 2014 and is based in Hangzhou, the People's Republic of China.
IPO Year: 2021
Exchange: NYSE
Website: https://www.tuya.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 1/8/2024 | Neutral → Buy | Goldman | |
| 11/29/2023 | Equal-Weight → Overweight | Morgan Stanley | |
| 2/22/2022 | $9.19 → $7.20 | Overweight → Equal-Weight | Morgan Stanley |
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". These engagements explored the innovative applications of smart technology in energy transition and carbon reduction, emphasizing its potential to transform various areas of life and production. Through these efforts, Tuya aims to collaborate with global partners to foster greener, more sustainable, and prosperous commu
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. Zhang Yan ("Ms. Zhang") to serve as a director with immediate effect. Ms. Zhang has been serving as the vice president of finance of the Company and several major subsidiaries since January 2021. Ms. Zhang is responsible for the finance of the Group. Prior to joining the Company, Ms. Zhang worked at Ernst & Young Hua Ming LLP from December 2009 to January 2021
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. The company will host and participate in a series of high-level events within the COP29 blue and green zones, collaborating with international partners to tackle the pressing challenges of climate change and promote sustainable development for human society. This year's COP29 will
NEW YORK, June 11, 2024 /PRNewswire/ -- Tuya Smart (NYSE:TUYA, HKEX: 2391))), a global cloud platform service provider, grandly opened the TUYA Global Developer Summit in Futian, Shenzhen. The conference, themed "GenAI + IoT: Driving Smarter Spaces," saw Tuya Smart, collaborate with developers from around the world to deeply explore the innovative applications and best practices of generative AI across various industries. One of the highlights was the sub-forum themed "Navigating industry innovation - the Developer's influence," which sparked widespread discussion. The forum featured prominent speakers including Xue Ya, President of Delos Asia & International WELL Building Institute Asia; Y
LAS VEGAS, Jan. 12, 2024 /PRNewswire/ -- Tuya Smart ("Tuya" or the "Company") (NYSE:TUYA, HKEX: 2391))), a global IoT developer service provider, unveiled its innovative Home Energy Management System (HEMS) and Net Zero Solutions at CES 2024, as the highlight of its presentation. The showcase garnered significant attention and acclaim from attendees, reinforcing Tuya's position as a key player in the smart energy industry. Tuya's HEMS Revolutionizes Household Energy Management In response to transformative changes in the global energy landscape, Tuya introduced its Home Energy Management System (HEMS). Amid rising global energy consumption and increased demand for stable, self-sufficient, a
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., Hong Kong time, on June 20, 2023 in Hangzhou, China. Additionally, the Company announced changes to its board of directors (the "Board") and audit committee of the Board (the "Audit Committee"). Results of Annual General Meeting 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
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". These engagements explored the innovative applications of smart technology in energy transition and carbon reduction, emphasizing its potential to transform various areas of life and production. Through these efforts, Tuya aims to collaborate with global partners to foster greener, more sustainable, and prosperous commu
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. Zhang Yan ("Ms. Zhang") to serve as a director with immediate effect. Ms. Zhang has been serving as the vice president of finance of the Company and several major subsidiaries since January 2021. Ms. Zhang is responsible for the finance of the Group. Prior to joining the Company, Ms. Zhang worked at Ernst & Young Hua Ming LLP from December 2009 to January 2021
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. Third Quarter 2024 Financial Highlights Total revenue was US$81.6 million, up approximately 33.6% year over year (3Q2023: US$61.1 million).IoT platform-as-a-service ("PaaS") revenue was US$57.9 million, up approximately 26.4% year over year (3Q2023: US$45.8 million).Software-as-a-service ("SaaS") and others revenue was US$9.9 million, up approximately 16.7% year over year (3Q2023: US$8.5 million).Smart solution revenue was US$13.8 milli
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"). 65 Equity Partners is an independently managed wholly-owned investment platform of Temasek dedicated to supporting founders in their growth journey. The firm focuses on investing in family-owned and entrepreneur-led businesses in Southeast Asia, Europe and the United States across the technology, business service
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. The company will host and participate in a series of high-level events within the COP29 blue and green zones, collaborating with international partners to tackle the pressing challenges of climate change and promote sustainable development for human society. This year's COP29 will
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's management will hold a conference call at 07:30 P.M. Eastern Time on Monday, November 18, 2024 (08:30 A.M. Hong Kong Time on Tuesday, November 19, 2024) to discuss the financial results. In advance of the conference call, all participants must use the following link to complete the online registration process. Upon registering, each participant will receive the dial-in information and a
BURLINGTON, Mass., Sept. 24, 2024 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ:CRNC), AI for a world in motion, today announced that Tuya Smart (NYSE:TUYA, HKEX: 2391))), a global cloud platform service provider, is partnering with Cerence to provide multi-lingual text-to-speech (TTS) for its cloud developer platform designed specifically for two-wheeled vehicles, including motorcycles, e-bikes, and more. Tuya's cloud developer platform provides its customers – in this case, the more than 100 two-wheeler manufacturers using the "Works with Smart Life" app – with a complete set of smart solutions, including apps, cloud capabilities, hardware, and more. Tuya will integrate Cerence TTS into its
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. Yao (Jessie) Liu has tendered her resignation as a director, the Chief Financial Officer and senior vice president of Tuya, effective September 16, 2024. Ms. Liu has made this decision to devote more time to her personal endeavors. The Company is grateful for the invaluable contributions she made during her more than 5-year tenure. "On behalf of Tuya, I want to express our deep appreciation to Jessie for her invaluable contributions to Tuya. Since joining in 2019, Jessie has been instrumental in our succe
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. Declaration of Special Dividend and Record Date On August 26, 2024, the Board has approved the declaration and distribution of a special dividend (the "Special Dividend") of US$0.0589 per ordinary share, or US$0.0589 per ADS, to such holders as at the close of business on September 11, 2024, Hong Kong Time and New York Time, respectively. The aggregate amount of the Special Dividend will be approximatel
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. Second Quarter 2024 Financial Highlights Total revenue was US$73.3 million, up approximately 28.6% year over year (2Q2023: US$57.0 million).IoT platform-as-a-service ("PaaS") revenue was US$54.3 million, up approximately 32.0% year over year (2Q2023: US$41.1 million).Software-as-a-service ("SaaS") and others revenue was US$9.6 million, up approximately 2.4% year over year (2Q2023: US$9.4 millio
6-K - Tuya Inc. (0001829118) (Filer)
6-K - Tuya Inc. (0001829118) (Filer)
6-K - Tuya Inc. (0001829118) (Filer)
6-K - Tuya Inc. (0001829118) (Filer)
6-K - Tuya Inc. (0001829118) (Filer)
6-K - Tuya Inc. (0001829118) (Filer)
6-K - Tuya Inc. (0001829118) (Filer)
6-K - Tuya Inc. (0001829118) (Filer)
6-K - Tuya Inc. (0001829118) (Filer)
6-K - Tuya Inc. (0001829118) (Filer)
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Goldman upgraded Tuya from Neutral to Buy
Morgan Stanley upgraded Tuya from Equal-Weight to Overweight
Morgan Stanley downgraded Tuya from Overweight to Equal-Weight and set a new price target of $7.20 from $9.20 previously
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. Third Quarter 2024 Financial Highlights Total revenue was US$81.6 million, up approximately 33.6% year over year (3Q2023: US$61.1 million).IoT platform-as-a-service ("PaaS") revenue was US$57.9 million, up approximately 26.4% year over year (3Q2023: US$45.8 million).Software-as-a-service ("SaaS") and others revenue was US$9.9 million, up approximately 16.7% year over year (3Q2023: US$8.5 million).Smart solution revenue was US$13.8 milli
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's management will hold a conference call at 07:30 P.M. Eastern Time on Monday, November 18, 2024 (08:30 A.M. Hong Kong Time on Tuesday, November 19, 2024) to discuss the financial results. In advance of the conference call, all participants must use the following link to complete the online registration process. Upon registering, each participant will receive the dial-in information and a
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. Declaration of Special Dividend and Record Date On August 26, 2024, the Board has approved the declaration and distribution of a special dividend (the "Special Dividend") of US$0.0589 per ordinary share, or US$0.0589 per ADS, to such holders as at the close of business on September 11, 2024, Hong Kong Time and New York Time, respectively. The aggregate amount of the Special Dividend will be approximatel
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. Second Quarter 2024 Financial Highlights Total revenue was US$73.3 million, up approximately 28.6% year over year (2Q2023: US$57.0 million).IoT platform-as-a-service ("PaaS") revenue was US$54.3 million, up approximately 32.0% year over year (2Q2023: US$41.1 million).Software-as-a-service ("SaaS") and others revenue was US$9.6 million, up approximately 2.4% year over year (2Q2023: US$9.4 millio
SANTA CLARA, Calif., Aug. 7, 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 second quarter 2024 unaudited financial results after the market closes on Monday, August 26, 2024. Tuya's management will hold a conference call at 08:30 P.M. Eastern Time on Monday, August 26, 2024 (08:30 A.M. Hong Kong Time on Tuesday, August 27, 2024) to discuss the financial results. In advance of the conference call, all participants must use the following link to complete the online registration process. Upon registering, each participant will receive the dial-in information and a uni
SANTA CLARA, Calif., May, 20, 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 first quarter ended March 31, 2024. First Quarter 2024 Financial Highlights Total revenue was US61.7 million, up approximately 29.9% year over year (1Q2023: US$47.5 million).IoT platform-as-a-service ("PaaS") revenue was US$45.6 million, up approximately 35.7% year over year (1Q2023: US$33.6 million).Software-as-a-service ("SaaS") and others revenue was US$8.6 million, up approximately 1.8% year over year (1Q2023: US$8.5 million).Smart solution revenue was US$7.5 million, up
SANTA CLARA, Calif., May 6, 2024 /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 2024 unaudited financial results after the market closes on Monday, May 20, 2024. Tuya's management will hold a conference call at 08:30 P.M. Eastern Time on Monday, May 20, 2024 (08:30 A.M. Hong Kong Time on Tuesday, May 21, 2024) to discuss the financial results. In advance of the conference call, all participants must use the following link to complete the online registration process. Upon registering, each participant will receive details for this conference including an acce
SANTA CLARA, Calif., Feb. 27, 2024 /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 fourth quarter ended December 31, 2023. Fourth Quarter 2023 Financial Highlights Total revenue was US$64.4 million, up approximately 42.2% year over year (4Q2022: US$45.3 million).IoT platform-as-a-service ("PaaS") revenue was US$47.2 million, up approximately 44.6% year over year (4Q2022: US$32.6 million).Software-as-a-service ("SaaS") and others revenue was US$9.5 million, up approximately 19.3% year over year (4Q2022: US$7.9 million).Overall gross margin increased to 47.3%,
SANTA CLARA, Calif., Feb. 8, 2024 /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 fourth quarter 2023 unaudited financial results after the market closes on Tuesday, February 27, 2024. Tuya's management will hold a conference call at 07:30 P.M. Eastern Time on Tuesday, February 27, 2024 (08:30 A.M. Beijing Time on Wednesday, February 28, 2024) to discuss the financial results. In advance of the conference call, all participants must use the following link to complete the online registration process. Upon registering, each participant will receive details for this conferen
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. Third Quarter 2023 Financial Highlights Total revenue was US$61.1 million, up approximately 35.7% year over year (3Q2022: US$45.0 million).IoT platform-as-a-service ("PaaS") revenue was US$45.8 million, up approximately 48.1% year over year (3Q2022: US$30.9 million).Software-as-a-service ("SaaS") and others revenue was US$8.5 million, down approximately 5.0% year over year (3Q2022: US$8.9 million).Overall gross margin increased to 46.7
Tuya Inc (NYSE:TUYA) shares are trading higher by 7% to $2.13 during Tuesday’s session. The company announced that it joined the United Nations Global Compact (UNGC). The company says this move highlights Tuya’s commitment to its “Ten Principles” on human rights, labor, environment and anti-corruption. This membership also highlights Tuya’s dedication to corporate social responsibility and sustainable development, leveraging technologies like generative AI. The UNGC, initiated in 2000, is the largest international organization promoting corporate sustainability, with over 24,000 participants from nearly 170 countries. See Also: US Markets Shift To T+1 Settlement Tuesday: How Will I
Gainers Oblong (NASDAQ:OBLG) stock moved upwards by 24.4% to $0.22 during Tuesday's pre-market session. The market value of their outstanding shares is at $4.4 million. CS Disco (NYSE:LAW) shares increased by 20.44% to $7.54. The company's market cap stands at $452.2 million. Tuya (NYSE:TUYA) shares moved upwards by 7.03% to $2.13. The market value of their outstanding shares is at $1.2 billion. Banzai International (NASDAQ:BNZI) stock rose 6.78% to $0.2. The company's market cap stands at $4.4 million. Sobr Safe (NASDAQ:SOBR) shares moved upwards by 6.66% to $0.24. The market value of their outstanding shares is at $4.7 million. Infobird Co (NASDAQ:IFBD) stock increased by 6.32% to $4
Joining the UNGC marks a significant milestone for Tuya, as the company's longstanding efforts to actively fulfill corporate social responsibility gain global recognition. It also provides a broader platform for Tuya to promote sustainable development worldwide with the help of innovative technologies such as generative AI.
With the stabilizing macroeconomic environment and normalizing downstream inventory levels, the industry is currently on a positive trajectory, the company said.
Tuya (NYSE:TUYA) reported quarterly earnings of $0.02 per share which beat the analyst consensus estimate of $0.01 by 100 percent. The company reported quarterly sales of $61.662 million which beat the analyst consensus estimate of $54.158 million by 13.85 percent. This is a 29.86 percent increase over sales of $47.485 million the same period last year.
Tuya (NYSE:TUYA) reported quarterly earnings of $0.02 per share which met the analyst consensus estimate. The company reported quarterly sales of $64.41 million which beat the analyst consensus estimate of $61.72 million by 4.36 percent. This is a 42.23 percent increase over sales of $45.29 million the same period last year.
Tuya (NYSE:TUYA) reported its Q4 earnings results on Tuesday, February 27, 2024 at 04:45 PM. Here's what investors need to know about the announcement. Earnings Tuya missed estimated earnings by 0.0%, reporting an EPS of $0.02 versus an estimate of $0.02. Revenue was up $19.12 million from the same period last year. Past Earnings Performance Last quarter the company beat on EPS by $0.02 which was followed by a 7.000000000000001% increase in the share price the next day. Here's a look at Tuya's past performance: Quarter Q3 2023 Q2 2023 Q1 2023 Q4 2022 EPS Estimate 0 -0.01 0 -0.02 EPS Actual 0.02 0 0.01 -0.01 Revenue Estimate 57.16M 52.37M 43.84M 44.56M Revenue Actual 61.09M 57.00
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Shares of RayzeBio, Inc. (NASDAQ:RYZB) rose sharply during Tuesday’s session after the company announced that it will be acquired by Bristol Myers Squibb for $62.50 per share in cash in a deal worth $4.1 billion. RayzeBio shares gained 100% to $61.38 on Tuesday. Here are some other stocks moving in today's mid-day session. Gainers ARB IOT Group Limited (NASDAQ:ARBB) shares rose 270% to $3.4850 after gaining around 18% on Friday. IMAC Holdings, Inc. (NASDAQ:BACK) shares jumped 108% to $5.05 after jumping 53% on Friday. Inspira Technologies Oxy B.H.N. Ltd. (NASDAQ:IINN) jumped 75% to $2.0988 after the company announced 95% accuracy results for HYLA blood sensor. Gracell Biotechnologi