Tuya Inc. (TUYA) Reports Q1 Loss of $0.09 on Revenues of $56.9M
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Tuya Reports First Quarter 2021 Unaudited Financial Results
May 13, 2021 4:30 PM EDTHANGZHOU, China, May 13, 2021 /PRNewswire/ -- Tuya Inc. ("Tuya" or the "Company") (NYSE: TUYA), a global leading IoT cloud platform, today announced its unaudited financial results for the first quarter of 2021.Â
First Quarter 2021 Financial Highlights
Total revenue was US$56.9 million, up approximately 200% year over year (1Q2020: US$18.9 million). IoT PaaS revenue was US$49.8 million, up approximately 227% year over year (1Q2020: US$15.2 million). SaaS and other revenue was US$2.3 million, up approximately 224% year over year (1Q2020: US$0.7 million).... More