Tuya Inc. (TUYA) Misses Q3 EPS by 1c
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Tuya Reports Third Quarter 2022 Unaudited Financial Results
November 9, 2022 4:00 PM ESTSANTA CLARA, Calif., Nov. 9, 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 third quarter of 2022.
Third Quarter 2022 Financial Highlights
Total revenue was US$45.0 million, down approximately 47.4% year over year (3Q2021: US$85.6 million). IoT platform-as-a-service ("PaaS") revenue was US$30.9 million, down approximately 57.4% year over year (3Q2021: US$72.6 million). Software-as-a-service ("SaaS") and other revenue was US$8.9 million, up approximately 60.2% year over year (3Q2021: US$5.6 million).... More