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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

财报电话会议摘要 | Tuya Inc (TUYA.US) 2024 年第一季度财报发布会
富途资讯 ·  05/22 14:56  · 电话会议

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

以下是途雅公司(TUYA)2024年第一季度财报电话会议记录摘要:

Financial Performance:

财务业绩:

  • 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报告称,2024年第一季度收入为6,170万美元,同比增长29.9%。

  • 物联网PaaS收入为4560万美元,与去年同期相比增长了35.7%。

  • Tuya公布了创纪录的47.8%的毛利率,并首次实现了非公认会计准则的盈利能力。

  • 智能解决方案板块在第一季度录得750万美元,同比增长约37.3%。

  • 2024年第一季度,SaaS和其他行业的收入为860万美元,这标志着其在收入部分重组中的稳定。

Business Progress:

业务进展:

  • 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 将其物联网 PaaS 业务扩展到空间智能解决方案,并通过其 Cube Cloud 平台推出了全面的智能解决方案。

  • 它继续为更大的市场提供服务,在欧洲、亚太和拉丁美洲实现了显著增长。

  • 该公司在2023年完全采用生成式人工智能,并计划在全球开发者大会期间推出自己的人工智能大型模型。

  • Tuya正在探索提高股东回报率的方法,并预计不久将在2024年实现季度非公认会计准则运营盈亏平衡。

  • 随着竞争对手关闭业务,Tuya预测长期业务增长,主要地区和类别的需求将大幅增加。

  • 该公司预计欧洲市场将实现健康增长,并对拉丁美洲和东南亚市场的前景持乐观态度。

More details: Tuya Inc IR

更多详情: Tuya Inc IR

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