STOCK TITAN

Tuya Inc. American Depositary Shares, each representing one - TUYA STOCK NEWS

Welcome to our dedicated page for Tuya American Depositary Shares, each representing one news (Ticker: TUYA), a resource for investors and traders seeking the latest updates and insights on Tuya American Depositary Shares, each representing one stock.

Tuya Inc. (NYSE: TUYA; HKEX: 2391) is a global leader in IoT cloud development, dedicated to building an ecosystem that empowers developers to create smart products. Headquartered in Hangzhou, China, Tuya provides a comprehensive suite of services including Platform-as-a-Service (PaaS) and Software-as-a-Service (SaaS) solutions. The company's mission is to enable everything to be smart, transforming consumer electronics, household items, and industrial devices into intelligent products.

Tuya's IoT cloud platform is designed to support brands, OEMs, and retail chains by offering tools for hardware access, cloud services, and app software development. This closed-loop service system spans over 200 countries, including China, the United States, and Europe, serving more than 10,000 clients and millions of consumers. Tuya processes over 20 billion device requests and 6 million AI interactions daily, with accumulated data reaching 1 petabyte.

Recent achievements highlight Tuya's commitment to innovation and sustainability. The company has integrated Google's Device and Structure APIs to enhance its Smart Home sector, offering developers new opportunities while ensuring seamless connectivity and user-friendly experiences. Tuya's Smart App Solution helps developers reduce R&D costs and time by providing an inclusive service platform for app construction.

Financially, Tuya has shown resilience with a significant reduction in net losses and successful treasury strategies that bolster interest income. Partnerships with tech giants like Google, Amazon, and Alibaba, along with recent collaborations with the UN Global Compact, underscore its dedication to sustainable development and corporate social responsibility.

Tuya continues to drive industry change through its annual Global Developer Summit, which gathers experts to discuss GenAI, large language models, and green development. This event showcases Tuya's cutting-edge innovations and collaborations aimed at fostering a smarter, more sustainable world.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.49%
Tags
none
-
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.84%
Tags
conferences earnings
-
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.49%
Tags
none
Rhea-AI Summary

Tuya Inc. (NYSE: TUYA; HKEX: 2391), a leading IoT cloud development platform, has filed its annual report on Form 20-F for the fiscal year ending December 31, 2022, with the SEC on April 26, 2023. This report is accessible via the Company's investor relations website and the SEC's website. Additionally, Tuya has released its inaugural Environmental, Social and Governance (ESG) report, showcasing its sustainability strategies and achievements. Both reports aim to enhance transparency and provide valuable insights to shareholders and stakeholders.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
6.35%
Tags
none
-
Rhea-AI Summary

Tuya reported its Q4 and full year 2022 financial results, revealing a 39.6% decline in total revenue to US$45.3 million and a 31.1% decrease in annual revenue to US$208.2 million. The IoT PaaS revenue dropped 47.4% year-over-year in Q4, totaling US$32.6 million, attributed to macroeconomic challenges and conservative customer spending. SaaS revenues increased by 8.7% in Q4 and 60.6% for the year. Gross margin improved to 44.6% from 43.2%, and operating expenses were reduced by 36.8% in Q4. Despite a net loss of US$22.7 million in Q4, cash reserves stood strong at US$954.3 million. Management remains optimistic about future growth despite ongoing challenges.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-16.58%
Tags
-
Rhea-AI Summary

Tuya Inc. (NYSE: TUYA) announced it will report its fourth quarter and full year 2022 unaudited financial results on March 1, 2023, after market close. A conference call will be held at 7:00 PM ET the same day, with details accessible through pre-registration. The replay will be available until March 8, 2023. Tuya is a leading IoT cloud development platform committed to building a smart ecosystem via its Platform-as-a-Service and Software-as-a-Service offerings.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-5.93%
Tags
conferences earnings
Rhea-AI Summary

Tuya Smart showcased its innovative IoT solutions at CES 2023 in Las Vegas, from January 5-8. The presentation highlighted four new brand colors representing the company's core values—Viva Magenta for courage, Skylight for purity, Macchiato for inclusiveness, and Love Bird for vitality. Featured products include a smart coffee maker, an electric bicycle, and a hunting camera. Tuya aims to lead in smart technology and digital transformation, reinforcing its commitment to providing cutting-edge solutions for global consumers.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
16.74%
Tags
none
-
Rhea-AI Summary

Tuya Smart (NYSE: TUYA) hosted 'Tuya Day' at CES 2023 in Las Vegas, showcasing IoT technology advancements and sustainable growth initiatives. Under the theme 'Be in Smart,' Tuya emphasized its role as an open platform enabling innovative solutions for smart living. Key highlights included the introduction of the upgraded PaaS2.0 and ongoing improvements in energy management systems.

Over 1,000 visitors engaged with Tuya's interactive showroom, where partners shared their commitment to creating a secure IoT ecosystem. Tuya aims to further support industry interoperability and sustainability through collaborative initiatives.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
none
-
Rhea-AI Summary

On January 7, 2023, Tuya Smart showcased its IoT capabilities during Tuya Day at CES 2023 in Las Vegas. The event highlighted Tuya's commitment to enhancing global resource efficiency and customer product value through IoT technologies. Featuring industry leaders like Google and Silicon Labs, discussions focused on the Matter ecosystem, emphasizing partnerships to boost smart device interoperability. Tuya has launched over six categories of Matter device solutions. The company aims to strengthen its open IoT ecosystem and expand its collaborative efforts in the smart technology space.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
none
Rhea-AI Summary

Tuya Smart showcased its innovations at CES 2023, highlighting PaaS 2.0, aimed at providing personalized IoT solutions to meet global customer demands for product differentiation and control. The platform helps businesses save R&D costs and enhances competitiveness. Tuya also introduced Cube, an enterprise-level IoT platform that supports diverse device management and application development. Additionally, Tuya launched energy management solutions to promote sustainable practices. The company emphasized its commitment to customer-first strategies and driving digital transformation across industries.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-5.15%
Tags
none

FAQ

What is the current stock price of Tuya American Depositary Shares, each representing one (TUYA)?

The current stock price of Tuya American Depositary Shares, each representing one (TUYA) is $1.8 as of December 20, 2024.

What is the market cap of Tuya American Depositary Shares, each representing one (TUYA)?

The market cap of Tuya American Depositary Shares, each representing one (TUYA) is approximately 1.0B.

What does Tuya Inc. do?

Tuya Inc. provides IoT cloud development services, enabling the creation of smart products through its PaaS and SaaS solutions.

Where is Tuya Inc. headquartered?

Tuya Inc. is headquartered in Hangzhou, China.

How many countries does Tuya operate in?

Tuya operates in over 200 countries and regions worldwide.

What recent innovations has Tuya introduced?

Tuya has integrated Google's Device and Structure APIs to enhance smart home solutions and introduced the Tuya Smart App Solution to streamline app development.

What is Tuya's financial performance?

Tuya has significantly reduced its net losses and implemented successful treasury strategies to increase interest income.

Who are Tuya's major partners?

Tuya partners with tech giants like Google, Amazon, Alibaba, and is a participant in the UN Global Compact.

What is Tuya's role in sustainability?

Tuya is committed to sustainable development and corporate social responsibility, highlighted by its participation in the UN Global Compact.

What is the Tuya Global Developer Summit?

The Tuya Global Developer Summit is an annual event that gathers industry experts to discuss innovations and advancements in IoT and smart technology.

How does Tuya support developers?

Tuya supports developers through its IoT cloud platform, providing tools for hardware access, cloud services, and app software development.

How many daily AI interactions does Tuya process?

Tuya processes over 6 million AI interactions daily.

Tuya Inc. American Depositary Shares, each representing one

NYSE:TUYA

TUYA Rankings

TUYA Stock Data

1.01B
476.59M
5.63%
5.94%
0.11%
Software - Infrastructure
Technology
Link
United States of America
Hangzhou