TUYA Earnings Prediction
The chart below shows how TUYA performed 10 days before and after its earnings report, based on data from the past quarters. Typically, TUYA sees a +2.45% change in stock price 10 days leading up to the earnings, and a +1.24% change 10 days following the report. On the earnings day itself, the stock moves by -0.66%. This data can give you a slight idea of what to expect for the next quarter's release.
TUYA Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
81.62M
33.60%
11.38%
Gross Margin
45.96%
-1.56%
-4.29%
Operating Margin
-20.97%
-30.70%
48.51%
Net Margin
-5.36%
-33.25%
-225.53%
EPS
-0.01
-0.00%
-200.00%
No Data Available
TUYA Earnings Analysis
Tuya Inc. American Depositary Shares, each representing one Class A Ordinary Share Corporation (TUYA.N) Earnings Conference Call
Positive
Accelerated Revenue Growth: Revenue growth accelerated to 34% year-over-year increase.
Non-GAAP Operating Margin: Achieved a non-GAAP operating margin of around 9%.
Net Profit Margin Achievement: Non-GAAP net profit margin reached around 25%.
IoT PaaS Revenue Surge: IoT PaaS revenue increased by over 26% year-over-year, totaling $57.9 million.
Strong Revenue Performance: All three business segments delivered solid revenue performance.
Negative
Revenue Increase and Expense Rise: In the third quarter of this year, our total revenue reached USD 81.6 million, up to 33.6% year-over-year. However, our operating expenses increased by approximately $2.3 million compared to Q2, primarily due to typical fluctuations in items on the expense side and the income side, such as tax refunds.
Operating Expenses Analysis: Our non-GAAP total operating expenses decreased by 5.9% to USD 30.1 million from $32 million a year ago, but our operational expenses in this Q3 increased by approximately $2.3 million compared to Q2, indicating a rise in costs despite a decrease in overall expenses year-over-year.
Gross Margin Challenges Ahead: While we achieved a solid non-GAAP operating margin, expanding from the breakeven level of Q2, the overall gross margin of the company will decrease gradually, indicating potential challenges in maintaining profitability in the long run.
Gross Margin Fluctuations: The slight increase in PaaS gross margin and a slight decline in Smart Solutions gross margin were primarily due to product mix changes, suggesting that our product offerings may not be as competitive as anticipated.
Gross Margin Challenges: Despite a strong revenue growth, the overall gross margin reflects the structural mix of margins across our business segments, indicating that we may face challenges in sustaining profitability if revenue composition does not improve.
TUYA FAQs
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TUYA Earning Call Sentiment
Tuya Inc. (TUYA) Q3 2024 Earnings Call Transcript
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00:00
00:00
TUYA.N
4.64%Positive
The earnings call reveals strong financial performance with 33.6% revenue growth and a significant cash balance. While competitive pressures and supply chain challenges exist, the company is optimistic about future profitability and operating leverage. The Q&A section suggests stable customer behavior and potential growth in IoT PaaS. The shareholder return plan, including a special dividend, and 13% share purchase by Temasek's platform, boosts confidence. Despite some vague management responses, the overall sentiment is positive, with strong earnings and optimistic guidance indicating a likely stock price increase.
