Welcome to our dedicated page for Tuya news (Ticker: TUYA), a resource for investors and traders seeking the latest updates and insights on Tuya stock.
Tuya Inc (TUYA) is a global leader in IoT and AIoT cloud platform services, enabling smart device innovation across industries. This page serves as the definitive source for official company announcements, providing investors and technology stakeholders with timely updates on strategic developments.
Key resources include: Earnings reports, product launch details, partnership announcements, and technology advancements. Our curated collection ensures efficient tracking of Tuya's market position in IoT connectivity, PaaS/SaaS solutions, and developer ecosystem growth.
Regular updates cover: Financial performance milestones, smart device ecosystem expansions, AI integration breakthroughs, and global market penetration efforts. Content is verified through primary sources to maintain accuracy and relevance for investment research.
Bookmark this page for streamlined access to Tuya's evolving role in powering smart homes, commercial IoT solutions, and industrial automation through its cloud platform infrastructure.
Tuya Inc (NYSE: TUYA; HKEX: 2391) reported strong Q4 2024 financial results with total revenue reaching US$82.1 million, up 27.4% year-over-year. The company achieved significant milestones including first-time profitability with Q4 net profits of US$9.8 million.
Key Q4 metrics show IoT PaaS revenue increased 25.7% to US$59.3 million, SaaS revenue grew 21.1% to US$11.5 million, and Smart solution revenue rose 45.5% to US$11.3 million. Overall gross margin improved to 47.8%, while non-GAAP operating margin reached 10.3%.
For full-year 2024, total revenue grew 29.8% to US$298.6 million, marking the company's first fiscal year of both operating profitability on a non-GAAP basis and net profitability on a GAAP basis. The company maintains a strong cash position of US$1.017 billion as of December 31, 2024.
Tuya Inc. (NYSE: TUYA) reported strong Q4 and fiscal 2024 financial results. Q4 total revenue increased 27.4% YoY to US$82.1 million, with IoT PaaS revenue up 25.7% to US$59.3 million. The company achieved Q4 net profits of US$9.8 million, compared to a loss of US$10.8 million in Q4 2023.
For full-year 2024, total revenue grew 29.8% to US$298.6 million. The company reached three key milestones: quarterly non-GAAP operating profitability, full-year non-GAAP operating profitability, and full-year GAAP profitability. Net profits were US$5.0 million, marking the first fiscal year of net profitability. Cash position remained strong at US$1.017 billion with seven consecutive quarters of positive operating cash flow.
Tuya Inc. released its Q4 and fiscal year 2024 unaudited financial results on February 26, 2025, from Santa Clara, California. No specific financial details were provided in the press release excerpt.
Tuya Smart (NYSE: TUYA, HKEX: 2391) has announced integration of its AIoT platform with DeepSeek's AI models to transform smart pet care devices. The partnership aims to address challenges in AI commercialization, where Gartner reports over 80% of AI projects fail beyond lab stage.
The collaboration comes amid projected pet industry growth of 45% in the next six years, with global revenues expected to exceed $500 billion by 2030. The integration will enable advanced features like real-time health monitoring, emotional analysis, and proactive care solutions.
The partnership showcases innovative concepts including brainwave translation collars, dream projectors, AI gene feeders, and odor socializers. These technologies aim to transform traditional pet monitoring into intelligent, proactive care systems capable of understanding pet emotions, health conditions, and social needs.
Tuya (NYSE: TUYA; HKEX: 2391), a global cloud platform service provider, has scheduled its fourth quarter 2024 unaudited financial results announcement for February 26, 2025, before market opens. The management will host a conference call at 8:00 AM Eastern Time (9:00 PM Hong Kong Time) on the same day to discuss the results.
The company has provided online registration links for both webcast and call participants. A live and archived webcast will be available on Tuya's investor relations website.
Tuya Smart (NYSE: TUYA, HKEX: 2391) has announced complete integration with Google Home APIs, marking a significant advancement in their partnership. The integration, revealed at Google I/O 2024, enables seamless connectivity between Tuya-enabled devices and the Google Home ecosystem.
As an early access partner, Tuya collaborated with Google during pre-launch testing, ensuring full compatibility with all Tuya-enabled hardware. The cloud-to-cloud integration allows users to share multiple devices without additional network configurations, managing smart devices through both Tuya-enabled and Google Home apps.
This partnership strengthens Tuya's open and neutral ecosystem strategy, creating new opportunities for manufacturers and enhancing user experience in the smart home sector.
Tuya Smart (NYSE: TUYA, HKEX: 2391) has announced a strategic partnership with Chery, a Fortune Global 500 automaker, to develop a smart car-home connectivity ecosystem. The collaboration aims to create an integrated system enabling seamless communication between vehicles and smart home devices.
Chery, which achieved over RMB 480 billion in revenue in 2024 (50% YoY growth) and sold more than 2.6 million vehicles, will leverage Tuya's cloud platform services to establish an interoperable smart home system across brands, ecosystems, and devices. The partnership will allow drivers to control home devices through their car's infotainment system and create automated scenes for lighting, air conditioning, and curtains.
The collaboration extends beyond car-home connectivity to include smart living scenarios in real estate, communities, and hospitality, positioning both companies to lead the evolution of smart living ecosystems.
Tuya Smart (NYSE: TUYA, HKEX: 2391) has unveiled a new smart door lock solution that integrates both Matter protocol and home key support for Apple Wallet. The solution enables users to unlock their doors using iPhone or Apple Watch with a simple tap. The setup process involves installing the lock, pairing it through the Home app by scanning a Matter QR code, and adding a virtual home key to Apple Wallet.
The solution features Express Mode functionality, eliminating the need to wake devices for access. Security measures include data encryption and protection against tampering. The smart lock offers multiple access methods including palm vein recognition, password entry, and app-based unlocking. Showcased at CES 2025, the product garnered significant attention.
Tuya has secured over 200 Matter certifications across five categories: electrical devices, lighting, gateways, sensors, and home appliances, demonstrating its commitment to advancing Matter-enabled smart devices globally.
Tuya Smart (NYSE: TUYA, HKEX: 2391) showcased its AI innovations at CES 2025, presenting various AI-enabled hardware products and AI Agents. The company exhibited several key products including: AI Smart Rings, projected to reach 3.1 million global shipments by 2028; AI Smart Earphones, which saw a 763.3% increase in sales in 2024; and AI Dolls, part of a market expected to grow to $35.11 billion by 2030.
The company demonstrated integration with major language model providers and introduced the Tuya AI Agent platform, featuring applications like Fitness Cheerleader, Pet Feeding Assistant, and Smart Ambient Lighting. The AI-enabled products showcase advanced features such as health monitoring, meeting transcription, and interactive companionship capabilities, positioning Tuya as a leader in smart living technology development.
Tuya Smart (NYSE: TUYA) hosted its 'Tuya Developer Day' event during CES 2025, focusing on the theme 'AI DIVE IN.' The company showcased its integration of AI capabilities with the Tuya Cloud Developer Platform, emphasizing three key areas: AI hardware development, AI Agent development, and AI infrastructure construction.
The event featured presentations from industry leaders including Amazon Web Services, Amazon Alexa, Texas Instruments, and Silicon Labs. Tuya announced successful integrations with major AI models from OpenAI, Gemini, Claude, and Amazon Nova, enabling developers to create AI hardware products through a single SDK. The company also introduced AI-powered energy management solutions and strengthened partnerships with major tech companies to enhance ecosystem integration.
Notable developments included collaboration with AWS for generative AI applications, Matter 1.4 protocol implementation for IoT devices, and partnerships with global companies like Positivo Tecnologia, FiberX, FOTILE, and Construlita for smart home and commercial applications.
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