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Tuya (DE:785)
FRANKFURT:785
Holding DE:785?
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Earnings Data
Report Date
Feb 26, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.02Last Year’s EPS
0.02Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Aug 18, 2021
|% Change Since: -3.53%
|Next Earnings Date:May 13, 2021
Earnings Call Sentiment|Positive
The earnings call conveyed a strong positive sentiment overall, with significant revenue growth and successful strategic initiatives in the Smart Solutions and IoT PaaS segments. While potential tariff impacts were noted, the company has made adjustments to mitigate these risks. The onetime equity incentive expense was acknowledged, but it did not overshadow the robust financial performance.Company Guidance
In the third quarter of 2024, Tuya Inc. reported a strong financial performance with a 34% year-over-year revenue growth, achieving a non-GAAP operating margin of approximately 9% and a non-GAAP net profit margin of around 25%. The IoT PaaS segment saw a 26% increase in revenue, while the Smart Solutions segment more than doubled its revenue, with a growth of over 100%, driven by high demand in the Home Appliance category. The SaaS segment also grew by 17%, with core cloud software services increasing by over 50%. The company's global dollar-based net expansion rate was a healthy 124%, indicating robust demand from existing customers. Operating cash flow was a net inflow of $23.9 million, and the net cash balance reached $1,023.9 million. Additionally, Tuya welcomed 65 Equity Partners as a significant shareholder, reflecting confidence in its vision and international expansion strategy.Accelerated Revenue Growth
Revenue growth accelerated to a 34% year-over-year increase, with all three business segments delivering solid revenue performance.
Strong Performance of Smart Solutions Segment
The Smart Solutions segment achieved over 100% year-over-year revenue growth, driven by strong market demand, particularly in the Home Appliance category.
Healthy Non-GAAP Net Profit Margin
Achieved a non-GAAP net profit margin of approximately 25%, underpinned by effective execution of business strategies and ongoing efficiency initiatives.
Global Expansion and Strategic Partnerships
Secured several key regional customers and partnerships, including a leading private label brand in Canada and a benchmark project with the Singapore Housing and Development Board.
Developer Community Growth
The number of registered developers on the Tuya platform increased to approximately 1.26 million, with major developer conferences held in Berlin and Suzhou.
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DE:785 Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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DE:785 Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 18, 2024 | €1.70 | €1.56 | -8.24% |
| Aug 26, 2024 | €1.43 | €1.64 | +14.88% |
| May 20, 2024 | €1.87 | €1.89 | +1.02% |
| Feb 27, 2024 | €1.59 | €1.77 | +11.52% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Tuya (DE:785) report earnings?
Tuya (DE:785) is schdueled to report earning on Feb 26, 2025, TBA Not Confirmed.
What is Tuya (DE:785) earnings time?
Tuya (DE:785) earnings time is at Feb 26, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is the P/E ratio of Tuya stock?
The P/E ratio of Tuya is N/A.
What is DE:785 EPS forecast?
DE:785 EPS forecast for the fiscal quarter 2024 (Q4) is 0.02.
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