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
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