Tuya Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was USD 57 million compared to USD 62.55 million a year ago. Net loss was USD 23.55 million compared to USD 35.87 million a year ago. Basic loss per share from continuing operations was USD 0.04 compared to USD 0.07 a year ago.
For the six months, sales was USD 104.49 million compared to USD 117.87 million a year ago. Net loss was USD 44.59 million compared to USD 90.82 million a year ago. Basic loss per share from continuing operations was USD 0.08 compared to USD 0.16 a year ago.