Agora, Inc. Stock Price, News & Analysis

Agora (NASDAQ: API) has launched the ConvoAI Device Kit, a breakthrough solution for AI-powered robotics and interactive toys, developed in partnership with chip-maker Beken. The toolkit integrates Beken's AI chip modules with Agora's Conversational AI technology, enabling ultra-low latency voice interactions and intelligent dialogue processing.

The solution features advanced voice activity detection, real-time speech synthesis, and intelligent interruption handling. As part of this expansion, Agora is powering Robopoet's AI companion robot Fuzzoo, which was unveiled at Mobile World Congress. The technology can be applied to various applications including educational AI toys, companionship devices, interactive play toys, smart home devices, and AI-powered wearables.

The partnership with Beken enables device makers to directly integrate AI into their devices through Edge Chip technology, addressing common challenges in on-device conversational AI such as background noise and latency issues.

Agora (NASDAQ: API) has launched its Conversational AI Engine, enabling developers to create interactive voice experiences with any AI model. The solution features ultra-low latency responses and superior voice processing capabilities, allowing seamless integration with custom-built or leading LLM providers' AI models.

Key features include background noise suppression, AI-driven acoustic algorithms, real-time speech-to-text, and dynamic packet loss handling. The engine is built on the TEN framework and will be extended to Agora's App Builder for no-code implementation.

Agora has partnered with Oracle as a key AI infrastructure provider, utilizing Oracle Cloud Infrastructure (OCI) for enhanced performance and security. The engine targets various applications including customer support, IoT integration, virtual shopping, live AI hosting, mental health support, tutoring, gaming, and employee onboarding. The solution is currently available in public beta.

Agora Inc. (API) reported Q4 2024 financial results, achieving GAAP profitability with net income of $0.2 million, compared to a net loss of $2.6 million in Q4 2023. Total revenues were $34.5 million, down 4.4% year-over-year.

The company's Agora segment saw revenues increase 13.7% to $17.4 million, while Shengwang segment revenues decreased 17.6% to $17.1 million. Gross margin improved to 66.6%, up from 62.9% in Q4 2023.

For full-year 2024, total revenues decreased 5.9% to $133.3 million, with a net loss of $42.7 million, improved from $87.2 million loss in 2023. The company launched a new Conversational AI Engine and expects Q1 2025 revenues between $31-33 million.

Agora Inc (NASDAQ: API), a pioneer in real-time engagement technology, has scheduled its fourth quarter and fiscal year 2024 financial results announcement for February 24, 2025, after U.S. markets close. The company will host a conference call to discuss the results at 5 p.m. Pacific Time / 8 p.m. Eastern Time on the same day.

Investors can access the call through the provided webcast link and are advised to log in 15 minutes before the broadcast. The earnings release and accompanying slides will be available on Agora's investor relations website prior to the conference call.

Pine AI has launched in the U.S., introducing an autonomous AI assistant designed to handle complex customer service issues on behalf of consumers. The platform specializes in managing bill negotiations, disputes, complaints, and appeals without human intervention. Founded by Stanley Wei, former CSO & COO of Agora Inc. (API), Pine AI addresses significant market inefficiencies, particularly in healthcare where 16.6% of in-network claims are denied, but only 0.2% are appealed despite a 66% potential recovery rate.

The platform utilizes a proprietary language model (LLM) with a ChatGPT-like interface, enabling it to independently research, strategize, and communicate with service providers. Unlike traditional B2B customer service AI solutions, Pine AI focuses on complex issues requiring human-like participation, representing consumers in navigating corporate bureaucracy for matters such as insurance denials, bill negotiations, and service disputes.

Agora Inc (NASDAQ: API) announced that its senior management team has voluntarily entered into a lock-up period from December 2, 2024, to December 31, 2025. The initiative includes CEO Tony Zhao, CTO Shawn Zhong, CFO Jingbo Wang, and VP Robbin Liu, who have committed not to sell their beneficially owned shares during this period. The only exception is CTO Shawn Zhong, who is permitted to sell up to 0.4 million ADSs by December 31, 2024, for personal financial reasons.

Appia Rare Earths & Uranium (CSE: API) has joined the SENAI MAGBRAS initiative to develop Latin America's first rare earth permanent magnet facility in Lagoa Santa, Minas Gerais State, Brazil. The MAGBRAS project aims to establish a complete rare earth production chain in Brazil, implementing a 'From Mines to Magnets' approach.

The consortium includes the Federations of Industries of Santa Catarina (FIESC) and Minas Gerais (FIEMG), along with the National Bank for Economic and Social Development (BNDES). The project will focus on identifying technological challenges, developing solutions, implementing a pilot plant, and scaling to industrial production with industry collaboration.

Appia will provide management support and potential future source of light and heavy rare earths for Brazilian permanent magnet production.

Agora Inc. (API) reported Q3 2024 financial results with total revenues of $31.6 million, down 9.8% year-over-year. The company posted a net loss of $24.2 million, including $11.4 million in equity award cancellation expenses and $4.8 million in severance expenses. Agora segment revenue increased 2.6% to $15.7 million, while Shengwang segment decreased 20% to $15.9 million. The company maintains strong liquidity with $362.6 million in cash and equivalents. For Q4 2024, Agora projects revenues between $34-36 million and expects significant improvement in net income/loss.

Agora (NASDAQ: API), a real-time engagement technology company, has announced it will release its third quarter 2024 financial results on November 25, 2024, after U.S. markets close. The company will host a conference call at 5 p.m. Pacific Time / 8 p.m. Eastern Time to discuss the results. Investors can access the call through the provided weblink and are advised to log in 15 minutes before the broadcast.