Tuya Inc. (TUYA) Reports Q3 Loss of $0.06/sh

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Go back to Tuya Inc. (TUYA) Reports Q3 Loss of $0.06/sh

Tuya Reports Third Quarter 2021 Unaudited Financial Results

November 22, 2021 4:30 PM EST

SANTA CLARA, Calif., Nov. 22, 2021 /PRNewswire/ -- Tuya Inc. ("Tuya" or the "Company") (NYSE: TUYA), a global leading IoT cloud development platform, today announced its unaudited financial results for the third quarter of 2021.

Third Quarter 2021 Financial Highlights

Total revenue was US$85.6 million, up approximately 44.9% year over year (3Q2020: US$59.1 million). IoT PaaS revenue was US$72.6 million, up approximately 37.4% year over year (3Q2020: US$52.8 million). SaaS and other revenue was US$5.6 million, up approximately 214.2% year over year (3Q2020: US$1.8... More