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Tuya Inc. (NYSE:TUYA), a global provider of IoT cloud services with a market capitalization of $2.08 billion, disclosed its unaudited financial results for the fourth quarter ending December 31, 2024, and preliminary annual results for the year on the same date, along with a declaration of dividend. The announcement was made today in compliance with The Stock Exchange of Hong Kong Limited’s reporting standards. InvestingPro data shows the company has demonstrated impressive revenue growth of 33.25% over the last twelve months.
The company’s latest financial performance details were included in the exhibits of its current report on Form 6-K filed with the United States Securities and Exchange Commission. Tuya Inc. has confirmed that it will continue to file annual reports under Form 20-F.
As part of its financial disclosures, Tuya Inc. declared a dividend, marking a notable event for shareholders. The specifics of the dividend, including the amount and payment date, were not detailed in the summary provided. According to InvestingPro analysis, the company maintains a strong financial position with a current ratio of 7.14, indicating robust liquidity to meet its obligations.
The full details of Tuya Inc.’s financial outcomes and the dividend declaration are available in the exhibits attached to the Form 6-K. Investors and interested parties can refer to these documents for a comprehensive understanding of the company’s financial health and future outlook.
Tuya Inc., headquartered in Hangzhou, Zhejiang, operates within the prepackaged software services industry and is recognized for its contributions to the Internet of Things (IoT) sector. The company has shown remarkable market performance, with a 107% return over the past six months. Analysts maintain a strong buy consensus, and InvestingPro analysis suggests the stock is slightly undervalued at current levels. Get access to 12 more exclusive ProTips and comprehensive analysis through the Pro Research Report, available for over 1,400 US stocks.
This news article is based on the press release statement and the information filed by Tuya Inc. with the SEC. The company’s financial position and the announcement of a dividend are key points of interest for stakeholders and provide a snapshot of Tuya Inc.’s current financial standing.
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