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

Agora (NASDAQ:API) issued its quarterly earnings results on Wednesday. The company reported ($0.10) EPS for the quarter, missing the consensus estimate of ($0.09) by ($0.01), Zacks reports. The firm had revenue of $33.02 million for the quarter, compared to the consensus estimate of $32.93 million. Agora had a negative net margin of 57.83% and a negative return on equity of 12.98%. During the same quarter 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 NASDAQ API remained flat at $2.53 during midday trading on Friday. 37,440 shares of the stock were exchanged, compared to its average volume of 221,847. The company has a debt-to-equity ratio of 0.02, a quick ratio of 4.60 and a current ratio of 4.59. The stock’s 50 day moving average is $2.58 and its 200 day moving average is $2.70. 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.