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- NYSE:TUYA
Tuya Second Quarter 2024 Earnings: EPS: US$0.006 (vs US$0.042 loss in 2Q 2023)
Tuya (NYSE:TUYA) Second Quarter 2024 Results
Key Financial Results
- Revenue: US$73.3m (up 29% from 2Q 2023).
- Net income: US$3.13m (up from US$23.5m loss in 2Q 2023).
- Profit margin: 4.3% (up from net loss in 2Q 2023). The move to profitability was primarily driven by higher revenue.
- EPS: US$0.006 (up from US$0.042 loss in 2Q 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 14% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Software industry in the US.
Performance of the American Software industry.
The company's shares are up 3.2% from a week ago.
Risk Analysis
Don't forget that there may still be risks. For instance, we've identified 1 warning sign for Tuya that you should be aware of.
Valuation is complex, but we're here to simplify it.
Discover if Tuya might be undervalued or overvalued with our detailed analysis, featuring fair value estimates, potential risks, dividends, insider trades, and its financial condition.
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About NYSE:TUYA
Tuya
Offers purpose-built Internet of Things (IoT) cloud development platform in the People’s Republic of China and internationally.
Flawless balance sheet and slightly overvalued.