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Tuya Smart is a company that develops an Internet of Things (IoT) cloud platform that helps clients develop the app and bring the product to market. Its platform provides developers with PaaS and SaaS solutions that contain hardware development tools, global cloud services, and smart business platform development services. The company aims to connect consumers, manufacturers, brands, original equipment manufacturers, and retail chains.

TypePublic
Founded2014
HQSanta Clara, CA, US
Websitetuya.com

Latest Updates

Employees (est.) (Dec 2020)2,258(+51%)
Revenue (FY, 2020)$179.9 M(+71%)
Share Price (Sept 2021)$12.2(-5%)
Cybersecurity ratingBMore

Key People/Management at Tuya

Jerry Wang

Jerry Wang

Founder and CEO of Tuya
Jeff Immelt

Jeff Immelt

Chairman of Tuya US
Carmen Chang

Carmen Chang

Chairman and Head of Asia, NEA
Fritz Werder

Fritz Werder

General Manager, North America
Ann Marie Olivo-Shaw

Ann Marie Olivo-Shaw

Marketing Director, North America
Andrew Howard

Andrew Howard

Head of Business Development, North America
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Tuya Office Locations

Tuya has an office in Santa Clara
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Tuya Financials and Metrics

Tuya Revenue

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Tuya's revenue was reported to be $179.87 m in FY, 2020 which is a 70% increase from the previous period.
USD

Revenue (FY, 2020)

179.9m

Revenue growth (FY, 2019 - FY, 2020), %

70%

Gross profit (FY, 2020)

61.9m

Gross profit margin (FY, 2020), %

34.4%

Net income (FY, 2020)

(66.9m)

EBIT (FY, 2020)

(69.8m)

Market capitalization (3-Sept-2021)

6.8b

Closing stock price (3-Sept-2021)

12.2

Cash (31-Dec-2020)

158.8m

EV

6.7b
Tuya's current market capitalization is $6.8 b.
Annual
USDFY, 2019FY, 2020

Revenue

105.8m179.9m

Revenue growth, %

70%

Cost of goods sold

78.0m117.9m

Gross profit

27.8m61.9m
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Revenue

16.3m21.8m33.5m18.9m38.8m59.1m

Cost of goods sold

12.3m16.3m24.7m13.2m27.1m38.8m

Gross profit

3.9m5.5m8.8m5.7m11.7m20.3m

Gross profit Margin, %

24%25%26%30%30%34%
USDFY, 2019FY, 2020

Cash

213.3m158.8m

Accounts Receivable

5.4m12.3m

Prepaid Expenses

8.0m4.4m

Inventories

23.0m42.3m
USDFY, 2019FY, 2020

Net Income

(70.5m)(66.9m)

Depreciation and Amortization

3.4m5.7m

Inventories

(11.0m)(19.8m)

Accounts Payable

7.5m11.0m
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Tuya Operating Metrics

Tuya's Customers was reported to be 5 k in FY, 2020.
FY, 2020Mar, 2021

Customers

5 k

Domain Names Registered

95

Locations

220

Trademarks

316
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Tuya Acquisitions / Subsidiaries

Company NameDateDeal Size
Hangzhou Tuya Information Technology Co., Ltd.
Hangzhou Tuya Technology Co., Ltd.
Tuya Global Inc.
Tuya GmbH
Tuya (HK) Limited
Tuya Japan Co., Ltd.
Tuyasmart (Colombia) S.A.S
Tuya Smart Inc.
Tuyasmart (India) Private Limited
Zhejiang Tuya Smart Electronics Co., Ltd.

Tuya Revenue Breakdown

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Tuya revenue breakdown by business segment: 84.3% from IoT PaaS, 12.3% from Smart device distribution and 3.4% from Other

Tuya Cybersecurity Score

Cybersecurity ratingPremium dataset

B

83/100

SecurityScorecard logo

Tuya Online and Social Media Presence

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Tuya News and Updates

SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Tuya Inc. - TUYA

NEW YORK, Aug. 31, 2021 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of  Tuya Inc. (“Tuya” or the “Company”) (NYSE: TUYA). Such investors are advised to contact Robert S. Willoughby at newaction@pomlaw.com or 888-476-6529, ext. 7980.

Tuya Inc. Announces US$200 Million Share Repurchase Program

SANTA CLARA, Calif., Aug. 30, 2021 /PRNewswire/ -- Tuya Inc. ("Tuya" or the "Company") (NYSE: TUYA), a global leading IoT platform, today announced that its board of directors (the "Board") has authorized a share repurchase program under which the Company may repurchase up to US$200...

SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Tuya Inc. - TUYA

NEW YORK, Aug. 24, 2021 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Tuya Inc. ("Tuya" or the "Company") (NYSE: TUYA). Such investors are advised to contact Robert S. Willoughby at newaction@pomlaw.com or 888-476-6529, ext. 7980. The investigation...

Tuya Reports Second Quarter 2021 Unaudited Financial Results

SANTA CLARA, Calif., Aug. 18, 2021 /PRNewswire/ -- Tuya Inc. ("Tuya" or the "Company") (NYSE: TUYA), a global leading IoT platform, today announced its unaudited financial results for the second quarter of 2021. Second Quarter 2021 Financial Highlights Total revenue was US$84.7 million,...

Tuya Smart and Buy It Direct LTD Cooperate to Bring Affordable Smart Home Devices to the UK

SANTA CLARA, Calif., Aug. 16, 2021 /PRNewswire/ -- The UK has become a main consumer market for smart home products in Europe. According to public data, 57% of households in the UK now have smart devices. With work-from-home becoming a new normal in the midst of the Covid-19 pandemic,...

Tuya Smart and MTS Group Collaborate to Build a New Smart Life

SANTA CLARA, Calif., Aug. 13, 2021 /PRNewswire/ -- Tuya Smart (NYSE: TUYA), a global IoT development platform, and MTS Group, an internationally active brand owner, today announced a new partnership to deepen cooperation in the field of smart home and to jointly create a healthy and...
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Tuya Frequently Asked Questions

  • When was Tuya founded?

    Tuya was founded in 2014.

  • Who are Tuya key executives?

    Tuya's key executives are Jerry Wang, Jeff Immelt and Carmen Chang.

  • How many employees does Tuya have?

    Tuya has 2,258 employees.

  • What is Tuya revenue?

    Latest Tuya annual revenue is $179.9 m.

  • What is Tuya revenue per employee?

    Latest Tuya revenue per employee is $79.7 k.

  • Who are Tuya competitors?

    Competitors of Tuya include Clinc, Particle and Losant.

  • Where are Tuya offices?

    Tuya has an office in Santa Clara.

  • How many offices does Tuya have?

    Tuya has 1 office.