Tuya Inc. (TUYA) Misses Q1 EPS by 4c, Offers Guidance
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Tuya Reports First Quarter 2022 Unaudited Financial Results
June 14, 2022 4:30 PM EDTSANTA CLARA, Calif., June 14, 2022 /PRNewswire/ --Â Tuya Inc. ("Tuya" or the "Company") (NYSE: TUYA), a global leading IoT cloud development platform, today announced its unaudited financial results for the for the first quarter of 2022.Â
First Quarter 2022 Financial Highlights
Total revenue was US$55.3 million, down approximately 2.7% year over year (1Q2021: US$56.9 million).IoT PaaS revenue was US$41.8 million, down approximately 16.1% year over year (1Q2021: US$49.8 million).SaaS and other... More