Tuya Inc. (TUYA) Q2 2024 Earnings Call Transcript Summary
Tuya Inc. (TUYA) Q2 2024 Earnings Call Transcript Summary
Reported a non-GAAP net profit of $20.8 million, setting a new quarterly record.The following is a summary of the Tuya Inc. (TUYA) Q2 2024 Earnings Call Transcript:
以下是Tuya Inc. (TUYA) 2024年第二季度業績會議通話摘要：
Financial Performance:
金融業績：
Tuya Inc. reported a Q2 revenue of $73.3 million, a 28.6% year-over-year increase.
Achieved a non-GAAP operational profitability with a solid profit margin of 10% for the first time in its history.
Reported a non-GAAP net profit of $20.8 million, setting a new quarterly record.
Tuya Inc.報告了第二季度營業收入爲7330萬美元，同比增長28.6%。
首次實現非通用會計原則的運營盈利，盈利率達到歷史最高的10%。
報告了非通用會計原則的淨利潤爲2080萬美元，創造了新的季度紀錄。
Business Progress:
業務進展：
Expanded IoT PaaS business with a 32% year-over-year growth.
Focused on partnerships and technological adaptations in Europe and Latin America to enhance market share.
Continued investment in GenAI to raise the competitiveness and user experience of their product offerings.
Transitioned CFO roles from Jessie Liu to Alex Yang, ensuring continuity in financial strategy while acknowledging Jessie's contributions.
Iot paas-雲計算業務擴展，同比增長32%。
專注於歐洲和拉丁美洲的合作伙伴關係和技術適應以提升市場份額。
持續投資GenAI，提升產品競爭力和用戶體驗。
將CFO角色從劉潔過渡到楊明，確保在財務策略上的連續性，同時也表彰了劉潔的貢獻。
Opportunities:
機會：
Leveraging the recovery and potential in Asian markets and robust demand in Latin America, reflecting increased revenue share.
Focused on expanding smart transformation solutions and collaboration with service providers in ISPs collaborations in the energy sector.
利用亞洲市場的復甦和潛力以及拉丁美洲的強勁需求，反映出營收份額的增加。
專注於拓展智能轉型解決方案，並與互聯網服務提供商在能源領域的合作。
Risks:
風險：
The slow momentum in household appliance exports in July indicates a minor slowdown; however, seasonality is expected to influence Q3 performance.
7月家電出口增長勢頭緩慢，表明略有放緩；但預計季節性因素將影響第三季度業績。
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譯文內容由第三人軟體翻譯。