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 (NYSE: TUYA; HKEX: 2391), a global cloud platform service provider, has scheduled its third quarter 2024 unaudited financial results announcement for November 18, 2024, after market close. The management will host a conference call at 07:30 P.M. Eastern Time on the same day (08:30 A.M. Hong Kong Time on November 19, 2024) to discuss the results. Participants can register for the online webcast and conference call through provided links, and a live and archived webcast will be available on the company's investor relations website.
Tuya Inc. (NYSE: TUYA; HKEX: 2391), a global cloud platform service provider, has announced significant changes to its board and senior management. Ms. Yao (Jessie) Liu has resigned as director, Chief Financial Officer, and senior vice president, effective September 16, 2024, to focus on personal endeavors. Her 5-year tenure included leading Tuya's public listings on the NYSE and HKEX.
Following Ms. Liu's departure, Mr. Yi (Alex) Yang, a director and co-founder, will assume the additional role of Chief Financial Officer. Mr. Yang brings extensive operational leadership experience and a deep understanding of Tuya's business and financial operations. The company affirms its commitment to its long-term strategic vision and maintaining its position as a leading cloud platform service provider.
Tuya Inc. (NYSE: TUYA; HKEX: 2391), a global cloud platform service provider, has announced a special cash dividend of US$0.0589 per ordinary share or ADS. The total dividend amount is approximately US$33 million, to be paid from the company's share premium account. The record date is set for September 11, 2024, with payment expected around October 9, 2024 for ordinary shareholders and October 15, 2024 for ADS holders. This decision reflects Tuya's financial strength and commitment to shareholder returns. The dividend distribution considers factors such as GAAP and Non-GAAP net profits, cash flows, and overall financial conditions.
Tuya Inc. (NYSE: TUYA; HKEX: 2391) reported strong Q2 2024 financial results:
- Total revenue up 28.6% YoY to $73.3 million
- IoT PaaS revenue up 32% YoY to $54.3 million
- Overall gross margin increased to 48.0%
- Achieved first positive quarterly non-GAAP operating margin of 10.0%
- Net profit of $3.1 million, compared to net loss of $23.5 million in Q2 2023
- Non-GAAP net profit up 1,276.5% to $20.8 million
The company declared a special cash dividend of $0.0589 per share. Tuya's strong performance was driven by reduced inventory backlog, economic recovery, strategic focus on customers, and product enhancements. Management expressed confidence in future growth and profitability.
Tuya Smart (NYSE: TUYA, HKEX: 2391) has been recognized in Gartner's 'Hype Cycle for Smart City and Sustainability in China, 2024' for the third consecutive year. This acknowledgment highlights Tuya's role in advancing smart city technologies and sustainable development in China.
Tuya's solutions span various urban settings, including traffic optimization, smart streetlights, community enhancements, and office automation. The company's smart streetlight solutions offer intelligent control, energy conservation, and data monitoring. Tuya also facilitates smart community upgrades, covering homes, parking lots, and access control.
In the energy sector, Tuya has developed building and home energy management systems. These systems help optimize energy efficiency, reduce costs, and minimize waste. In Singapore, Tuya-enabled energy-saving kits have demonstrated up to 54% reduction in monthly electricity consumption.
Tuya has joined the United Nations Global Compact (UNGC), affirming its commitment to global sustainable development. The company's inclusion in multiple Gartner reports underscores its expertise in AI technology, smart home ecosystems, and innovative device development.
Tuya Inc. (NYSE: TUYA; HKEX: 2391), a global cloud platform service provider, has announced it will release its second quarter 2024 unaudited financial results on August 26, 2024, after market close. The company will host a conference call at 08:30 P.M. Eastern Time on the same day (08:30 A.M. Hong Kong Time on August 27, 2024) to discuss the results. Participants must register online to join the call and will receive dial-in information and a unique PIN upon registration. A live and archived webcast of the conference call will be available on Tuya's investor relations website.
Tuya, a global cloud platform service provider, announced the outcomes of its Annual General Meeting held on June 20, 2024, in Hangzhou, China. Held at 3:00 PM Hong Kong time, the meeting resulted in the approval of all resolutions proposed to shareholders. The resolutions were originally detailed in a notice dated May 21, 2024. Tuya is listed on both the NYSE under the symbol TUYA and on the HKEX under the symbol 2391.
On June 11, 2024, Tuya Smart (NYSE: TUYA, HKEX: 2391) launched the 'Tuya Ecosystem Partners Exhibition' at the 2024 TUYA Global Developer Summit in Shenzhen. This initiative aims to foster global developer collaboration and showcase technological advancements. The summit featured partnerships with industry leaders like Chli, Huizhu, Links Field, and Silicon Labs, presenting innovative products integrated with GenAI technology. Tuya's new platform strives to overcome challenges in brand influence and market expansion by providing a vibrant, interconnected smart ecosystem. The exhibition includes live streaming, media interviews, and other channels to enhance brand exposure and business connections.
Tuya Smart (NYSE: TUYA, HKEX: 2391) hosted the TUYA Global Developer Summit in Shenzhen, featuring a sub-forum on green and low-carbon living. Prominent figures from the smart industry, including Weiwei Xie from Goneo Group and Martin Li from Geely VREMT, discussed innovative energy solutions. Tuya highlighted its integrated energy management solutions combining AI and EMS systems to reduce energy consumption. Key products and insights were shared by industry leaders, focusing on renewable energy, smart mobility, and IoT applications. The event also featured cooperation agreements with leading companies to advance sustainable energy technologies.
On June 11, 2024, Tuya Smart hosted the 2024 TUYA Global Developer Summit in Shenzhen, showcasing advancements in smart hardware powered by generative AI (GenAI). The event featured hundreds of Tuya-enabled AI products across home, security, pets, energy, travel, office, and healthcare.
Notable products included a smart bird feeder capable of identifying over 10,000 bird species, a smart pet feeder promoting pet health through tailored feeding plans, a health-monitoring smart ring, and the TuyaGo smart control panel for comprehensive device control. These innovations highlight Tuya's ongoing commitment to enhancing smart living experiences.