Agora (NASDAQ:API) Announces Earnings Results

Agora (NASDAQ:API) announced its quarterly earnings data on Wednesday. The company reported ($0.10) EPS for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.01), Zacks reports. Agora had a negative return on equity of 13.65% and a negative net margin of 61.62%. The business had revenue of $33.02 million during the quarter, compared to the consensus estimate of $32.93 million. During the same period in the prior year, the firm earned ($0.16) EPS. Agora updated its Q2 2024 guidance to EPS.

Agora Stock Performance

NASDAQ API opened at $2.53 on Friday. The company has a current ratio of 4.59, a quick ratio of 4.60 and a debt-to-equity ratio of 0.02. The firm’s fifty day moving average price is $2.58 and its two-hundred day moving average price is $2.70. Agora has a 1 year low of $2.32 and a 1 year high of $3.50. The firm has a market capitalization of $233.27 million, a P/E ratio of -2.91 and a beta of 0.02.

Agora Company Profile

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.