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NEW YORK , May 27, 2025 /PRNewswire/ -- Forbes China has released its "2025 Forbes China AI Tech Enterprises Top 50" list, recognizing Tuya Smart (NYSE: TUYA, HKEX: 2391), a leading global AI cloud platform service provider, as one of the country's top AI technology companies. Tuya is notably the only AI cloud platform included in this year's ranking in recognition of its robust technological capabilities and significant contributions to advancing AI accessibility and commercialization.
Tuya is demonstrating sustainable revenue growth and expanding margins and has returned to profitability, driven by its global AIoT platform and recurring SaaS revenues. The platform's scaling is smart, with a growing developer base, international expansion, and strategic partnerships, notably in Southeast Asia and with major tech players. Valuation looks high on trailing metrics but is reasonable on a forward basis, especially considering strong cash reserves and improving profitability.
Tuya Inc. delivered strong 21% revenue growth and margin expansion, beating estimates, with all segments showing gains and operating expenses declining. Adjusted operating income and net profit surged, highlighting a significant turnaround and improved profitability, with positive cash flow and a healthy balance sheet. The company now pays a dividend, adding to its appeal, and we recommend entering around $2 for a speculative position as the stock pulls back.
Tuya Inc. (NYSE:TUYA ) Q1 2025 Earnings Conference Call May 20, 2025 8:30 PM ET Company Participants Reg Chai - Investor Relations Jerry Wang - Founder and CEO Alex Yang - Co-Founder and CFO Conference Call Participants Yang Liu - Morgan Stanley Timothy Chow - Goldman Sachs Kai Xiao - CICC John Roy - Water Tower Research Operator Good morning and good evening, ladies and gentlemen. Thank you for standing by and welcome to Tuya Inc.'s First Quarter 2025 Earnings Conference Call.
SANTA CLARA, Calif. , May 20, 2025 /PRNewswire/ -- Tuya Inc. ("Tuya" or the "Company") (NYSE: TUYA; HKEX: 2391), a global leading cloud platform service provider, today announced its unaudited financial results for the first quarter ended March 31, 2025.
SANTA CLARA, Calif. , May 16, 2025 /PRNewswire/ -- Tuya Inc. ("Tuya" or the "Company") (NYSE: TUYA; HKEX: 2391), a global leading AI cloud platform service provider, today announced that it will hold an annual general meeting of the Company's shareholders (the "AGM") at 2:00 p.m.
SANTA CLARA, Calif. , May 13, 2025 /PRNewswire/ -- Tuya Inc. ("Tuya" or the "Company") (NYSE: TUYA; HKEX: 2391), a global leading AI cloud platform service provider, today announced that MSCI has upgraded its Environmental, Social, and Governance (ESG) rating to 'AA' from 'A'.
SANTA CLARA, Calif. , May 13, 2025 /PRNewswire/ -- Tuya Inc. ("Tuya" or the "Company") (NYSE: TUYA; HKEX: 2391), a global leading AI cloud platform service provider, today announced that it will report its first quarter 2025 unaudited financial results after the market closes on Tuesday, May 20, 2025.
SANTA CLARA, Calif. , April 24, 2025 /PRNewswire/ -- Tuya Inc. ("Tuya" or the "Company") (NYSE: TUYA; HKEX: 2391), a global leading AI cloud platform service provider, today announced that it has filed its annual report on Form 20-F for the fiscal year ended December 31, 2024 with the Securities and Exchange Commission (the "SEC") on April 24, 2025, U.S. Eastern Time.
NEW YORK , April 24, 2025 /PRNewswire/ -- On April 23, the 2025 TUYA Global Developer Summit officially opened in Shenzhen. Tuya Smart (NYSE: TUYA, HKEX: 2391), a global AI cloud platform service provider, spotlighted the theme of "AI + IoT," emphasizing the deep integration of artificial intelligence with the Intelligence of Things to reshape how smart devices interact and function.