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CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Revenue $ 229,990 $ 208,172 $ 302,076
Cost of revenue (123,335) (118,749) (174,209)
Gross profit 106,655 89,423 127,867
Operating expenses:      
Research and development expenses (102,277) (144,942) (174,289)
Sales and marketing expenses (40,440) (55,662) (75,384)
General and administrative expenses (80,663) (67,513) (71,589)
Other operating incomes, net 10,901 10,508 9,835
Total operating expenses (212,479) (257,609) (311,427)
Loss from operations (105,824) (168,186) (183,560)
Other income/(loss)      
Other non-operating incomes, net 3,113 2,904 1,958
Financial income, net 44,976 18,546 7,286
Foreign exchange (loss)/gain, net 669 2,441 (618)
Loss before income tax expense (57,066) (144,295) (174,934)
Income tax expense (3,249) (1,880) (490)
Net loss (60,315) (146,175) (175,424)
Net loss attributable to Tuya Inc. (60,315) (146,175) (175,424)
Net loss attributable to ordinary shareholders (60,315) (146,175) (175,424)
Net loss (60,315) (146,175) (175,424)
Other comprehensive income/(loss)      
Changes in fair value of long-term investments (7,791) (9,493) 357
Transfer out of fair value changes of long-term investments 15,537    
Foreign currency translation (2,722) (14,942) 1,482
Total comprehensive loss attributable to Tuya Inc. $ (55,291) $ (170,610) $ (173,585)
Weighted average number of ordinary shares used in computing net loss per share, basic 555,466,061 553,527,529 489,149,533
Weighted average number of ordinary shares used in computing net loss per share, diluted 555,466,061 553,527,529 489,149,533
Net loss per share attributable to ordinary shareholders-basic $ (0.11) $ (0.26) $ (0.36)
Net loss per share attributable to ordinary shareholders-diluted $ (0.11) $ (0.26) $ (0.36)
Research and development expenses      
Other comprehensive income/(loss)      
Share-based compensation expenses $ 14,734 $ 14,692 $ 14,542
Sales and marketing expenses      
Other comprehensive income/(loss)      
Share-based compensation expenses 5,446 6,825 6,702
General and administrative expenses      
Other comprehensive income/(loss)      
Share-based compensation expenses $ 45,036 $ 47,502 $ 44,845