Agora, Inc. American Depositary Shares - API STOCK NEWS

Agora, Inc. (NASDAQ: API) announced CEO Tony Zhao's plan to purchase up to US$30 million of the company's ADSs or Class A ordinary shares over the next 12 months. This move follows Agora's existing share repurchase program, which allows for up to US$200 million in repurchases, with US$19.8 million already spent as of June 30, 2022. The management plans to execute these purchases depending on market conditions and regulations. Agora aims to strengthen its financial position and shareholder value through these strategic buybacks.

Agora, Inc. (NASDAQ: API) reported its Q2 2022 financial results, with total revenues of $41.0 million, down 3.2% from $42.3 million in Q2 2021. Active customers increased by 17.5% year-over-year, totaling 2,877. The company recorded a net loss of $30.7 million compared to a loss of $15.4 million in the same quarter last year. Adjusted EBITDA was negative $15.3 million, a decline from negative $7.3 million in Q2 2021. Despite challenges, Agora maintained its revenue guidance for 2022, expecting between $176 million and $178 million.

Agora, Inc. (NASDAQ: API) will announce its financial results for Q2 2022, ending June 30, on August 15, 2022, after U.S. market closure. A conference call is scheduled for 6 p.m. PT / 9 p.m. ET on the same day to discuss these results.

Investors are encouraged to log in 15 minutes early to participate. The official earnings release and related slides will be available on Agora’s investor relations site.

Atlantic Power & Infrastructure Corp. (AWSL) announces rising demand for its Flexi-Tile, an eco-friendly solution designed to mitigate stormwater runoff pollution. As cities recognize the environmental benefits, more regulations are emerging, encouraging developers to utilize this product. The company reports sales of over 20,000 tiles and anticipates significant market growth ahead. CEO Kevin Bagnall emphasizes the product's dual benefit of environmental protection and potential land value increase. Flexi-Tile, part of the innovative Flexi-Pave technology, supports sustainable infrastructure development.

Agora, a leader in real-time engagement APIs, announced key executive promotions and a new Chief Security Officer to enhance innovation and security as global demand for metaverse experiences grows. Stanley Wei becomes Chief Strategy Officer, Tony Wang is named Chief Revenue Officer, and Virginia Liu is promoted to Chief Experience Officer. Roger Hale joins as Chief Security Officer. The leadership changes aim to capitalize on the rising need for real-time engagement technologies, positioning Agora for continued expansion and success in a rapidly evolving market.

Agora, Inc. (NASDAQ: API) reported Q1 2022 revenues of $38.6 million, down 4.1% year-over-year, impacted by reduced usage in China's K-12 tutoring due to new regulations. Active customers rose 16.4% to 2,706. Net loss increased to $26.9 million, or $0.24 per ADS, up from $14.7 million a year prior. Operating expenses surged 36.4% to $54.1 million. Despite challenges, Agora maintains 2022 revenue guidance of $176-$178 million, driven by growth in other regions. The company also announced the appointment of Roger Hale as Chief Security Officer to enhance compliance and security.

Agora, Inc. (NASDAQ: API) has announced the RTE2022 conference set for October 10-12, 2022, focusing on Real-Time Engagement (RTE) technologies. The virtual event, which will also feature a live program at the Metreon in San Francisco, aims to unite industry experts and innovators to explore advancements in live video, voice, and streaming. Approximately 500 in-person participants and thousands online are expected. The conference invites speaker proposals by July 15, 2022, covering topics from the Metaverse to AI.

Agora, Inc. (NASDAQ: API) will announce its financial results for Q1 2022 on May 23, 2022, after U.S. market close. A conference call will take place at 6 p.m. PT to discuss these results. Interested parties can register online for the event and will receive dial-in details upon registration. A recording of the call will be available two hours post-event. Agora specializes in real-time engagement APIs, enhancing communication across applications.

Agora, Inc. (NASDAQ: API) is showcasing its real-time engagement technology at the NAB Show in Las Vegas from April 23-27, 2022. The company will present its innovative platform through a case study on Encore, a music-focused creator platform, and host panel discussions with industry experts. Agora emphasizes the transformative potential of mobile interactive engagement and demonstrates its capabilities in spatial audio via a collaboration with client Chalkboard. The company's presence at NAB aims to highlight the future of media and entertainment.