loss attributable to
Tuya Inc. (5,562) (1,469) (48,413) (3,116)
=========== =========== =========== ===============
TUYA INC.
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF
COMPREHENSIVE LOSS (CONTINUED)
(All amounts in US$ thousands ((") US$(") ),
except for share and per share data, unless otherwise noted)
For the Three Months
Ended For the Nine Months Ended
September September September September 30,
30, 2023 30, 2024 30, 2023 2024
Net loss attributable
to Tuya Inc. (4,905) (4,373) (49,499) (4,788)
----------- ----------- ----------- ---------------
Net loss attributable
to ordinary
shareholders (4,905) (4,373) (49,499) (4,788)
=========== =========== =========== ===============
Weighted average
number of ordinary
shares used in
computing net loss
per share, basic and
diluted 555,782,518 569,821,232 554,914,108 562,913,590
Net loss per share
attributable to
ordinary
shareholders, basic
and diluted (0.01) (0.01) (0.09) (0.01)
Share-based
compensation expenses
were included in:
Research and
development expenses 3,165 4,978 11,288 11,860
Sales and marketing
expenses 758 1,675 3,984 4,229
General and
administrative
expenses 11,025 17,663 34,008 39,450
TUYA INC.
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(All amounts in US$ thousands ((") US$(") ),
except for share and per share data, unless otherwise noted)
For the Three Months
Ended For the Nine Months Ended
September September September September 30,
30, 2023 30, 2024 30, 2023 2024
Net cash generated
from operating
activities 16,070 23,851 4,683 50,170
Net cash generated
from/(used in)
investing activities 55,027 (28,213) 32,692 61,872
Net cash used in
financing activities (318) (328) (2,385) (178)
Effect of exchange
rate changes on cash
and cash
equivalents,
restricted cash 953 826 (1,877) 503
----------- ----------- ----------- ---------------
Net
increase/(decrease)
in cash and cash
equivalents,
restricted cash 71,732 (3,864) 33,113 112,367
----------- ----------- ----------- ---------------
Cash and cash
equivalents,
restricted cash at
the beginning of
period 94,542 614,919 133,161 498,688
----------- ----------- ----------- ---------------
Cash and cash
equivalents,
restricted cash at
the end of period 166,274 611,055 166,274 611,055
=========== =========== =========== ===============
TUYA INC.
UNAUDITED RECONCILIATION OF NON-GAAP MEASURES TO THE MOST DIRECTLY
COMPARABLE FINANCIAL MEASURES
(All amounts in US$ thousands ((") US$(") ),
except for share and per share data, unless otherwise noted)
For the Three Months
Ended For the Nine Months Ended
September September September September 30,
30, 2023 30, 2024 30, 2023 2024
Reconciliation of
operating expenses to
non-GAAP operating
expenses
Research and
development expenses (24,946) (24,877) (79,471) (71,344)
Add: Share-based
compensation
expenses 3,165 4,978 11,288 11,860
Adjusted Research and
development expenses (21,781) (19,899) (68,183) (59,484)
----------- ----------- ----------- ---------------
Sales and marketing
expenses (9,418) (9,663) (29,503) (28,033)
Add: Share-based
compensation
expenses 758 1,675 3,984 4,229
Adjusted Sales and
marketing expenses (8,660) (7,988) (25,519) (23,804)
----------- ----------- ----------- ---------------
General and
administrative
expenses (15,843) (22,301) (56,909) (54,636)
Add: Share-based
compensation
expenses 11,025 17,663 34,008 39,450
Add: Credit-related
impairment of
long-term
investments 52 -- 8,102 189
Add: Litigation costs -- 200 -- 2,300
Adjusted General and
administrative
expenses (4,766) (4,438) (14,799) (12,697)
----------- ----------- ----------- ---------------
Reconciliation of loss
from operations to
non-GAAP
(loss)/profit from
operations
Loss from operations (18,487) (17,113) (82,200) (43,824)
Add: Share-based
compensation
expenses 14,948 24,316 49,280 55,539
Add: Credit-related
impairment of
long-term
investments 52 -- 8,102 189
Add: Litigation costs -- 200 -- 2,300
Non-GAAP (loss)/profit
from operations (3,487) 7,403 (24,818) 14,204
Non-GAAP Operating
margin (5.7) % 9.1 % (15.0) % 6.6 %
For the Three Months
Ended For the Nine Months Ended
September September September September 30,
30, 2023 30, 2024 30, 2023 2024
Reconciliation of net
loss to non-GAAP net
profit
Net loss (4,905) (4,373) (49,499) (4,788)
Add: Share-based
compensation
expenses 14,948 24,316 49,280 55,539
Add: Credit-related
impairment of
long-term
investments 52 -- 8,102 189
Add: Litigation costs -- 200 -- 2,300
Non-GAAP Net profit 10,095 20,143 7,883 53,240
----------- ----------- ----------- ---------------
Non-GAAP Net margin 16.5 % 24.7 % 4.8 % 24.6 %
----------- ----------- ----------- ---------------
Weighted average
number of ordinary
shares used in
computing non-GAAP
net profit per share
-- Basic 555,782,518 569,821,232 554,914,108 562,913,590
----------- ----------- ----------- ---------------
-- Diluted 586,434,725 571,386,571 586,533,052 585,311,819
----------- ----------- ----------- ---------------
Non-GAAP net profit
per share attributable
to ordinary
shareholders
-- Basic 0.02 0.04 0.01 0.09
----------- ----------- ----------- ---------------
-- Diluted 0.02 0.04 0.01 0.09
----------- ----------- ----------- ---------------
View original content:https://www.prnewswire.com/news-releases/tuya-reports-third-quarter-2024-unaudited-financial-results-302308881.html
SOURCE Tuya Inc.
(END) Dow Jones Newswires
November 18, 2024 16:05 ET (21:05 GMT)