Stock Analysis

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

NYSE:TUYA
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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).
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NYSE:TUYA Earnings and Revenue Growth May 22nd 2024

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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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.