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Earnings Call Summary | Tuya Inc(TUYA.US) Q1 2024 Earnings Conference

Earnings Call Summary | Tuya Inc(TUYA.US) Q1 2024 Earnings Conference

業績電話會議摘要 | Tuya Inc (TUYA.US) 2024 年第一季度業績發佈會
富途資訊 ·  05/22 14:56  · 電話會議

The following is a summary of the Tuya Inc (TUYA) Q1 2024 Earnings Call Transcript:

以下是途雅公司(TUYA)2024年第一季度業績電話會議記錄摘要:

Financial Performance:

財務業績:

  • Tuya reported Q1 2024 revenue of $61.7 million, up 29.9% year-over-year.

  • IoT PaaS revenue was $45.6 million, marking a 35.7% increase compared to the same period last year.

  • Tuya posted a record high gross margin of 47.8%, and achieved non-GAAP profitability for the first time.

  • The smart solutions segment recorded $7.5 million in Q1, a growth of approximately 37.3% year-over-year.

  • SaaS and other sectors' revenue was valued at $8.6 million for Q1 2024, marking its stability amid a restructured revenue component.

  • Tuya報告稱,2024年第一季度收入爲6,170萬美元,同比增長29.9%。

  • 物聯網PaaS收入爲4560萬美元,與去年同期相比增長了35.7%。

  • Tuya公佈了創紀錄的47.8%的毛利率,並首次實現了非公認會計准則的盈利能力。

  • 智能解決方案板塊在第一季度錄得750萬美元,同比增長約37.3%。

  • 2024年第一季度,SaaS和其他行業的收入爲860萬美元,這標誌着其在收入部分重組中的穩定。

Business Progress:

業務進展:

  • Tuya expanded its IoT PaaS business into spatial intelligence solutions and introduced comprehensive smart solutions through its Cube Cloud platform.

  • It continued to serve larger markets, with significant growth in Europe, Asia-Pacific, and Latin America.

  • The company fully embraced generative AI in 2023, and aims to introduce its own AI large model during the Global Developer Conference.

  • Tuya is exploring ways to enhance shareholder return and expects to achieve quarterly non-GAAP operating breakeven soon in 2024.

  • With competitors closing their businesses, Tuya predicts long-term business growth and significant demand increase across major regions and categories.

  • The company expects healthy growth in the European market and is optimistic about prospects in Latin America and Southeast Asia markets.

  • Tuya 將其物聯網 PaaS 業務擴展到空間智能解決方案,並通過其 Cube Cloud 平台推出了全面的智能解決方案。

  • 它繼續爲更大的市場提供服務,在歐洲、亞太和拉丁美洲實現了顯著增長。

  • 該公司在2023年完全採用生成式人工智能,並計劃在全球開發者大會期間推出自己的人工智能大型模型。

  • Tuya正在探索提高股東回報率的方法,並預計不久將在2024年實現季度非公認會計准則運營盈虧平衡。

  • 隨着競爭對手關閉業務,Tuya預測長期業務增長,主要地區和類別的需求將大幅增加。

  • 該公司預計歐洲市場將實現健康增長,並對拉丁美洲和東南亞市場的前景持樂觀態度。

More details: Tuya Inc IR

更多詳情: Tuya Inc IR

Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.

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