Tuya Results Presentation Deck
Operating Margin and Net Margin
Non-GAAP operating margin¹
since Q2'21 to Q2'22
(31%)
(38%)
(45%)
(64%)
(68%)
After
excluding
(31%) one-off
expenses
WW
(36%)
Q2'21 Q3'21 Q4'21 Q1'22 Q2'22
One-off expenses, including headcount optimization costs, etc.
Non-GAAP net margin¹
since Q2'21 to Q2'22
(27%)
(37%)
(42%)
(60%)
(67%)
After
excluding
(23%) one-off
expenses
WI
(30%)
Q2'21 Q3'21 Q4'21 Q1'22 Q2'22
Main drivers:
●
●
tuya
Significantly decreased basic payroll and
benefits due to headcounts down in Q2
One-off headcount optimization costs
One-off commercial penalties and
restoration fees due to rental
termination, etc.
1. Non-GAAP measures. Please refer to the earning release or financial reports for reconciliations of these non-GAAP measures to their most comparable GAAP equivalents.
Note: Numbers are rounded for presentation purposes.
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