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Water Tower Research

Water Tower Research is a leading equity research firm that provides research on micro, small and mid cap companies.

Water Tower Research was founded by Wall Street veterans after witnessing a fundamental shift in the investment research industry with the result being a declining knowledge base among investors, a lack of awareness and a shrinking pool of fundamental research being conducted on companies across the small-cap and micro-cap spectrum. The same issues are now increasingly occurring in the mid-cap space. This sea change within the investment community is impacting not only the companies themselves but also current shareholders and potential investors. With significantly less active sell-side sponsorship by Wall Street, a substantial information gap has developed between companies and various constituents in the financial community. The net result is fewer channels for insight and information to flow between companies and investors.

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<ul><li>Tuya reported another solid quarter in a challenging environment, with revenue of $80.1 million, up 9% Y/Y. Gross margin increased Y/Y by 40 bps to 48.4%, while PaaS revenue increased 7% Y/Y to $58.1 million.</li><li>Cash and equivalents decreased to $1,006 million due to a cash dividend and the company has no debt.</li><li>Management had noted that the rollercoaster of 1Q25 could continue, and it seems to have done just that.</li></ul>

Tuya reported another solid quarter in a challenging environment, with revenue of $80.1 million, up 9% Y/Y. Gross margin increased Y/Y by 40 bps to 48.4%, while PaaS revenue increased 7% Y/Y to $58.1 million.Cash and equivalents decreased to $1,006 million due to a cash dividend and the company has no debt.Management had noted that the rollercoaster of 1Q25 could continue, and it seems to have done just that.

Tuya, Inc: 2Q25 Growth Continues in a Challenging Environment

Tuya Inc

Tuya, Inc: 2Q25 Growth Continues in a Challenging Environment