Agora (NASDAQ:API) Issues Earnings Results, Misses Estimates By $0.01 EPS

Agora (NASDAQ:API) announced its quarterly earnings results 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 net margin of 57.83% and a negative return on equity of 12.98%. The firm had revenue of $33.02 million for the quarter, compared to the consensus estimate of $32.93 million. During the same period in the previous year, the company posted ($0.16) earnings per share. Agora updated its Q2 2024 guidance to EPS.

Agora Stock Up 0.8 %

Agora stock traded up $0.02 during midday trading on Friday, reaching $2.55. 43,121 shares of the stock traded hands, compared to its average volume of 221,934. The stock’s fifty day moving average is $2.58 and its 200-day moving average is $2.70. Agora has a 12 month low of $2.32 and a 12 month high of $3.50. The company has a debt-to-equity ratio of 0.02, a current ratio of 4.59 and a quick ratio of 4.60.

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.