2021-11-24-SEC-涂鸦公司2021Q3财报_13页_1mb

Tuya, a global IoT cloud platform, reported third-quarter 2021 unaudited financial results. Total revenue reached $85.6 million, a 44.9% year-over-year increase compared to $59.1 million in 2020. This growth was driven primarily by IoT PaaS revenue, which grew 37.4% to $72.6 million. SaaS and other revenue surged 214.2% to $5.6 million. The gross margin improved to 42.6%, an 8.2 percentage point increase year-over-year.

Despite revenue growth, the company faced increased operating expenses, resulting in a net loss of $47.9 million. Key operational metrics include 3,000 IoT PaaS customers in the quarter, with a dollar-based net expansion rate of 179% for IoT PaaS. The company's cash position rose to $1,179.6 million, and management expects fourth-quarter revenue between $72 million and $77 million, amid uncertainties like supply chain constraints.

Management highlighted leveraging its market position to empower customers amid challenges such as chip shortages. The outlook is mixed, with confidence in long-term growth but cautious guidance due to external factors.