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Aug 26, 2024 6:00 PM

Tuya Reports Better-Than-Expected Q2 Results, Special Cash Dividend, CFO Transition

Tuya Inc. (NYSE:TUYA) reported its second-quarter financial results after Monday's closing bell. Here's a look at the key figures from the quarter. 

The Details: Tuya reported quarterly earnings of 4 cents per share, which beat the analyst consensus estimate of 2 cents by 100%.

Quarterly revenue came in at $73.28 million, which beat the analyst consensus estimate and represents a 28.55% increase from the same period last year.

IoT platform-as-a-service (PaaS) revenue was $54.3 million, up approximately 32.0% year-over-year.

Software-as-a-service (SaaS) and others revenue was $9.6 ...