Tuya Inc 6-K, filed Jun 14, 2022

Tuya Inc. (TUYA)

6-K 2022-06-14 For: 2022-06-14

Added on April 10, 2026

About this 6-K

Tuya Inc filed this 6-K on June 14, 2022.

	As of December 31,		As of March 31,
	2021		2022
ASSETS
Current assets
Cash and cash equivalents		963,938		743,709
Restricted cash		638		1,129
Short-term investments		102,134		240,451
Accounts receivable, net		32,701		29,874
Notes receivable		1,393		2,659
Inventories, net		62,582		65,153
Prepayments and other current assets		27,882		23,883
Total current assets		1,191,268		1,106,858
Non-current assets
Property, equipment and software, net		6,805		6,365
Operating lease right-of-use assets, net		22,181		19,491
Long-term investments		26,078		27,714
Other non-current assets		1,818		1,789
Total non-current assets		56,882		55,359
Total assets		1,248,150		1,162,217

LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities
Accounts payable		12,212		10,327
Advance from customers		31,088		31,736
Deferred revenue, current		9,254		8,474
Accruals and other current liabilities		50,847		31,707
Lease liabilities, current		5,697		5,607
Total current liabilities		109,098		87,851
Non-current liabilities
Lease liabilities, non-current		16,048		13,789
Deferred revenue, non-current		859		678
Other non-current liabilities		8,484		7,832
Total non-current liabilities		25,391		22,299
Total liabilities		134,489		110,150

	As of December 31,			As of March 31,
	2021			2022
Shareholders’ equity
Class A ordinary shares		25			25
Class B ordinary shares		4			4
Treasury stock		(46,930	)		(66,235	)
Additional paid-in capital		1,526,140			1,538,155
Accumulated other comprehensive income		2,320			2,969
Accumulated deficit		(367,898	)		(422,851	)
Total shareholders’ equity		1,113,661			1,052,067
Total liabilities and shareholders’ equity		1,248,150			1,162,217

	For the Three Months Ended
	March 31, 2021			March 31, 2022
Revenue		56,868			55,324
Cost of revenue		(33,485	)		(32,504	)
Gross profit		23,383			22,820
Operating expenses:
Research and development expenses		(34,709	)		(47,588	)
Sales and marketing expenses		(16,412	)		(15,278	)
General and administrative expenses		(16,062	)		(18,030	)
Other operating incomes, net		2,523			2,594
Total operating expenses		(64,660	)		(78,302	)
Loss from operations		(41,277	)		(55,482	)
Other income/(loss)
Other non-operating incomes, net		-			653
Financial income, net		1,095			121
Foreign exchange loss, net		(325	)		(101	)
Loss before income tax expense		(40,507	)		(54,809	)
Income tax expense		(26	)		(144	)
Net loss		(40,533	)		(54,953	)
Net loss attributable to Tuya Inc.		(40,533	)		(54,953	)

Net loss attributable to ordinary shareholders		(40,533	)		(54,953	)

Net loss		(40,533	)		(54,953	)
Other comprehensive (loss)/income
Foreign currency translation		(371	)		649
Total comprehensive loss attributable to Tuya Inc.		(40,904	)		(54,304	)

	For the Three Months Ended
	March 31, 2021			March 31, 2022
Net cash used in operating activities		(32,655	)		(57,374	)
Net cash used in investing activities		(60,230	)		(141,941	)
Net cash generated from /(used in) financing activities		1,077,541			(21,751	)
Effect of exchange rate changes on cash and cash equivalents, restricted cash		(684	)		1,328

Net increase/(decrease) in cash and cash equivalents, restricted cash		983,972			(219,738	)

Cash and cash equivalents, restricted cash at the beginning of period		158,955			964,576
Cash and cash equivalents, restricted cash at the end of period		1,142,927			744,838