Tuya Inc. (TUYA) Tops Q2 EPS by 8c

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Go back to Tuya Inc. (TUYA) Tops Q2 EPS by 8c

Tuya Reports Second Quarter 2022 Unaudited Financial Results

August 29, 2022 4:30 PM EDT

HANGZHOU, China, Aug. 29, 2022 /PRNewswire/ -- Tuya Inc. ("Tuya" or the "Company") (NYSE: TUYA; HKEX: 2391), a global leading IoT cloud development platform, today announced its unaudited financial results for the second quarter of 2022.

Second Quarter 2022 Financial Highlights

Total revenue was US$62.5 million, down approximately 26.1% year over year (2Q2021: US$84.7 million).IoT PaaS revenue was US$47.6 million, down approximately 38.1% year over year (2Q2021: US$76.9 million).SaaS and other revenue was US$7.2 million, up approximately... More