Agora (NASDAQ:API) Announces Quarterly Earnings Results

Agora (NASDAQ:API) announced its earnings results on Wednesday. The company reported ($0.10) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.09) by ($0.01), Zacks reports. Agora had a negative net margin of 57.83% and a negative return on equity of 12.98%. The business had revenue of $33.02 million for the quarter, compared to analysts’ expectations of $32.93 million. During the same period in the prior year, the business earned ($0.16) earnings per share. Agora updated its Q2 2024 guidance to EPS.

Agora Stock Up 0.8 %

API traded up $0.02 during trading hours on Friday, hitting $2.55. The stock had a trading volume of 43,121 shares, compared to its average volume of 221,934. The company’s fifty day simple moving average is $2.58 and its 200 day simple moving average is $2.70. Agora has a 1 year low of $2.32 and a 1 year high of $3.50. The company has a current ratio of 4.59, a quick ratio of 4.60 and a debt-to-equity ratio of 0.02.

About Agora

Agora, Inc operates in real-time engagement technology business in the People's Republic of China, the United States, and internationally. The company offers real-time engagement platform-as-a-services providing developers with application programming interfaces to embed real-time voice, video, interactive live-streaming, chat, whiteboard, and artificial intelligence capabilities into their applications.