TUYA(TUYA) - 2023 Q2 - Quarterly Report

Exhibit 99.1 Tuya Reports First Quarter 2023 Unaudited Financial Results SANTA CLARA, Calif., June 7, 2023/PRNewswire/—Tuya Inc. ("Tuya" or the "Company") (NYSE: TUYA; HKEx: 2391), a global leading IoT cloud development platform, today announced its unaudited financial results for the first quarter ended March 31, 2023. First Quarter 2023 Financial Highlights · Total revenue was US$47.5 million, down approximately 14.2% year over year (1Q2022: US$55.3 million). · IoT platform-as-a-service ("PaaS") revenue w ...