Tuya reports $92.9M in Q2 revenue, exceeding expectations as non-GAAP EPS matches forecasts at $0.03.
Tuya posted Q2 revenue of $92.9 million, beating estimates by $5.07 million and marking a 15.9% increase year-over-year. Non-GAAP earnings per share stood at $0.03, in line with expectations.
The company generated $6.2 million in net cash from operating activities, down from $18.2 million in the same period last year. Total cash reserves, including time deposits and treasury securities, were not fully detailed in the release.
Shares showed limited movement in after-hours trading as investors digested the mixed cash flow performance against the revenue beat.