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

Agora (NASDAQ:API) announced its earnings results on Wednesday. The company reported ($0.10) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.01), Zacks reports. Agora had a negative return on equity of 12.98% and a negative net margin of 57.83%. The company had revenue of $33.02 million during the quarter, compared to analyst estimates 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 Price Performance

Shares of API stock opened at $2.53 on Friday. The firm’s fifty day moving average price is $2.58 and its two-hundred day moving average price is $2.70. The company has a current ratio of 4.59, a quick ratio of 4.60 and a debt-to-equity ratio of 0.02. Agora has a 1 year low of $2.32 and a 1 year high of $3.50.

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.