05:48 PM EDT, 05/20/2024 (MT Newswires) -- Tuya ( TUYA ) reported Q1 non-GAAP net profit Monday of $0.02 per diluted American depositary share, compared to a loss of $0.01 a year earlier.

Revenue in the quarter ended March 31 rose to $61.7 million from $47.5 million a year earlier.

A lone analyst by Capital IQ expected $53 million.

Shares of the company fell 2.8% in recent after-hours trading.

Price: 2.09, Change: -0.06, Percent Change: -2.79