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