Agora, Inc. American Depositary Shares - API STOCK NEWS

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Agora, Inc. (NASDAQ: API) is a premier provider of real-time communication solutions, enabling developers to integrate high-definition video and voice calls, live streaming, and real-time messaging into their applications. With its proprietary technology, Agora supports billions of voice minutes annually, offering robust performance even in demanding scenarios involving up to 2,000 users in a single call. The company's SDKs are used across various industries, including gaming, retail, and education, in both the People's Republic of China and the United States, with most of its revenue coming from China.

Agora's recent achievements include the launch of Adaptive Video Optimization™ (AVO) technology, which dynamically adjusts video quality based on network conditions, and a partnership with EZDRM to enhance content security during live broadcasts. Despite the challenging macroeconomic conditions, Agora has demonstrated resilience by focusing on key customers and core product enhancements, as reflected in their financial performance.

For Q3 2023, Agora reported $35.0 million in total revenues, reflecting a 14.6% decrease year-over-year. The company achieved a gross margin of 64.0%, an improvement from 59.4% in the same period last year. Active customers increased by 26.2% for Agora and 6.3% for Shengwang. The firm continues to manage its resources efficiently, narrowing net losses and operating cash outflows.

Looking ahead, Agora anticipates revenues of $34.5 million to $36.5 million for Q4 2023 and is focused on leveraging generative AI to create innovative real-time engagement use cases. Their sustained share repurchase program underscores confidence in long-term growth.

02/08/2024 06:00 AM

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Agora, Inc. to Report Fourth Quarter and Fiscal Year 2023 Financial Results on February 26, 2024

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Agora, Inc. (NASDAQ: API) will release its financial results for the fourth quarter and fiscal year ended December 31, 2023 after the close of U.S. markets on February 26, 2024. The company will host a conference call to discuss the financial results at 5 p.m. Pacific Time / 8 p.m. Eastern Time on the same day. Investors can register for the call and view the earnings release and accompanying slides on Agora, Inc.'s investor relations website.

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12/07/2023 04:33 PM

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Agora, Inc. Announces Executive Leadership Update

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Agora, Inc. (NASDAQ: API) announced the resignation of Stanley Wei, the Chief Strategy Officer and Chief Operating Officer, effective December 7, 2023. Tony Zhao, founder, chairman, and CEO, and Tony Wang, Chief Revenue Officer, will take over his operational responsibilities. The global market remains a strategic priority for the company.

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11/21/2023 05:00 PM

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Agora, Inc. Reports Third Quarter 2023 Financial Results

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Agora, Inc. (API) announced unaudited financial results for Q3 2023, reporting $35.0 million in total revenues, a 14.6% decrease from Q3 2022. The net loss for the quarter was $22.5 million, with Agora's revenue at $15.3 million and Shengwang's at RMB141.2 million ($19.7 million). Active customers increased, but the dollar-based net retention rate for both Agora and Shengwang declined. The company's adjusted EBITDA was negative $4.4 million, with a total cash position of $373.4 million. Despite the decrease in revenues, the company's gross margin increased to 64.0% from 59.4% in the same period last year. Operating expenses decreased by 33.7%, leading to a reduction in the loss from operations. The company also reported a change in its board of directors and provided a financial outlook for Q4 2023.

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11/13/2023 09:00 AM

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Agora Announces RTE Telehealth, A Webinar Exploring the Impact of AI and AR/VR in Virtual Healthcare

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Agora, Inc. (NASDAQ: API) announces RTE Telehealth webinar event exploring the impact of emerging technologies like AR, VR, and AI on telehealth. The event aims to highlight the potential of these technologies to revolutionize healthcare delivery, patient education, and medical training. With the telemedicine market projected to grow to $450 billion by 2032, the integration of AI and AR/VR into telehealth is expected to redefine accessibility and efficacy in healthcare, offering unprecedented accessibility and creating immersive training platforms for medical professionals.

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11/08/2023 09:00 PM

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Agora, Inc. to Report Third Quarter 2023 Financial Results on November 21, 2023

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Agora, Inc. (NASDAQ: API) will release its financial results for the third quarter ended September 30, 2023 on November 21, 2023. The company will host a conference call at 5 p.m. Pacific Time / 8 p.m. Eastern Time on the same day to discuss the financial results. Investors can register for the call and view the earnings release and accompanying slides on Agora, Inc.'s investor relations website.

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10/25/2023 09:00 AM

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Agora Makes Livestream Shopping Technology Widely Available

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Agora announces the wide availability of its technology for livestream shopping experiences. The US market for live video shopping is rapidly expanding, and Agora's solution helps brands and platforms create engaging live streaming experiences. CommentSold is working with Agora to provide multi-source live stream shopping for its customers. Livestream shopping is a growing trend, with sales initiated through live commerce projected to account for 20% of all e-commerce by 2026. The US livestream shopping market is estimated to be worth $35 billion by 2024.

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09/06/2023 09:00 AM

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Harnessing the Power of Live Shopping: Agora Announces Comprehensive Four-Part Webinar Series

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Agora, Inc. announces its RTE Live Shopping webinar series to explore the growing trend of live shopping. The series aims to provide brands, e-commerce platforms, and creators with insights on customer engagement. Live shopping is projected to account for 20% of global online sales by 2026, with the US market expected to reach $35 billion by 2024.

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08/21/2023 06:00 PM

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Agora, Inc. Reports Second Quarter 2023 Financial Results

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Agora, Inc. announces Q2 2023 financial results with total revenues of $34.0 million, a decrease of 16.9% from Q2 2022. Non-GAAP net loss narrows to $6.6 million. Share repurchase program returns $82.0 million to shareholders. Q3 2023 revenue outlook between $34.5 million and $36.5 million.

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08/08/2023 03:34 AM

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Agora, Inc. to Report Second Quarter 2023 Financial Results on August 21, 2023

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Agora, Inc. will release its financial results for Q2 2023 on August 21, 2023. A conference call will be held to discuss the results.

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07/19/2023 09:03 AM

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Agora Partners with ActiveFence for Content Moderation to Ensure Trust and Safety for Real-Time Engagement Apps

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FAQ

What is the current stock price of Agora American Depositary Shares (API)?

The current stock price of Agora American Depositary Shares (API) is $4.07 as of November 18, 2024.

What is the market cap of Agora American Depositary Shares (API)?

The market cap of Agora American Depositary Shares (API) is approximately 378.5M.

What does Agora, Inc. do?

Agora, Inc. provides real-time communication solutions, including high-definition video and voice calls, live streaming, and real-time messaging, used across various industries like gaming, retail, and education.

How does Agora's technology perform in large-scale scenarios?

Agora's technology supports billions of voice minutes annually and can handle up to 2,000 users in a single call, ensuring robust performance even in demanding scenarios.

What recent technological innovations has Agora introduced?

Agora recently launched Adaptive Video Optimization™ (AVO) technology, which dynamically optimizes video quality based on network conditions, and partnered with EZDRM to enhance content security for live broadcasts.

How is Agora performing financially?

For Q3 2023, Agora reported $35.0 million in revenues, with a gross margin of 64%. Despite challenging conditions, the company has focused on key customers and core product improvements, narrowing net losses and operating cash outflows.

What is Agora's outlook for the future?

Agora anticipates revenues of $34.5 million to $36.5 million for Q4 2023 and is focused on leveraging generative AI to create innovative real-time engagement use cases. Their share repurchase program indicates confidence in long-term growth.

What industries does Agora serve?

Agora serves various industries including gaming, retail, and education, providing developers with tools to integrate real-time communication capabilities into their applications.

Where does Agora operate?

Agora operates in the People's Republic of China and the United States, with the majority of its revenue derived from China.

What are some key achievements of Agora in recent quarters?

Key achievements include the launch of Adaptive Video Optimization™ (AVO) technology, a partnership with EZDRM, and a focus on enhancing core product performance, which has helped mitigate challenging macroeconomic conditions.

What is Agora's Adaptive Video Optimization™ (AVO) technology?

Adaptive Video Optimization™ (AVO) technology uses machine learning to optimize video quality in real-time based on network conditions, device capabilities, and available bandwidth, ensuring high-quality video streaming.

How does Agora ensure the security of its live streaming content?

Agora has partnered with EZDRM to integrate robust content protection solutions, ensuring secure, end-to-end real-time media streaming that protects digital assets from unauthorized access, copying, and alteration.