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Non-GAAP quarterly operating profit and first dividend, Doodle Intelligence sets sail again from a new height.
The commercial value of the global smart industry is transitioning from concept to reality. Recently, Tuya Smart released its Q2 2024 financial report. The report shows that in the second quarter, total revenue reached $73.3 million, a year-on-year growth of approximately 28.6%; Non-GAAP operating profit was $7.4 million, with a profit margin of 10.0%. This is the company's first-ever quarterly achievement of Non-GAAP operating profitability. From Q2 23 to Q2 of this year, Tuya has maintained positive operating cash flow for 5 consecutive quarters. Tuya also announced a special cash dividend of approximately $33 million, equivalent to Tuya's first half of the year.
Tuya Smart (TUYA.US): Achieved positive profits in the first quarter, ≠ no underlying concerns.
Although the internet of things belongs to the emerging and promising sunrise track, the capital markets' attention to the internet of things sector has been declining in recent years.
Improved Revenues Required Before Tuya Inc. (NYSE:TUYA) Shares Find Their Feet
Tuya Inc To Go Ex-Dividend On September 11th, 2024 With 0.0589 USD Special Dividend Per Share
Tuya's Slimme Oplossing Voor Commerciële Verlichting Stelt Nieuwe Wereldwijde Norm En Overtreft Industriestandaarden
Tuya Inc. (TUYA) Q2 2024 Earnings Call Transcript Summary
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