Tuya First Quarter 2024 Earnings: US$0.006 loss per share (vs US$0.038 loss in 1Q 2023)

Tuya (NYSE:TUYA) First Quarter 2024 Results

Key Financial Results

• Revenue: US$61.7m (up 30% from 1Q 2023).
• Net loss: US$3.54m (loss narrowed by 83% from 1Q 2023).
• US$0.006 loss per share (improved from US$0.038 loss in 1Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Tuya Earnings Insights

Looking ahead, revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Software industry in the US.

Performance of the American Software industry.

The company's shares are up 4.1% from a week ago.

Risk Analysis

You still need to take note of risks, for example - Tuya has 1 warning sign we think you should be aware of.

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