Agora, Inc. Stock Price, News & Analysis

Agora, Inc. has partnered with Wipro to enhance real-time engagement (RTE) services for voice and video communication. This collaboration aims to deliver high-quality and reliable RTE capabilities, allowing companies to better connect with customers and partners. Agora's platform will provide customizable APIs for integrating video and voice into applications, including Augmented Reality (AR) features. This partnership reflects a growing demand for RTE technologies across industries, as highlighted by Agora's COO, Reggie Yativ, and Wipro's General Manager, Michael Vollmer.

Agora (NASDAQ: API) announced the launch of its Startup Program aimed at providing global entrepreneurs with essential resources and access to leading accelerators, incubators, and venture capital. The initiative is backed by partnerships with organizations like Global Accelerator Network and Techstars Toronto to foster growth in real-time engagement applications. The program offers benefits including up to 1 million free minutes for API usage, discounted HIPAA support, and backend guidance from experts. Agora has appointed three experienced team members to spearhead this effort.

Agora, Inc. (NASDAQ: API) reported its Q4 and full-year 2020 financial results, highlighting a 74.1% year-over-year revenue increase to $33.3 million in Q4. Active customers surged by 101.2% to 2,095. However, the company posted a net loss of $6.2 million for the quarter, compared to $2.3 million in Q4 2019. For FY 2020, revenues reached $133.6 million, up 107.3%, with a reduced net loss of $3.1 million. Looking forward, Agora projects revenues for 2021 between $178 million and $182 million.

Agora, Inc. (NASDAQ: API) will release its financial results for Q4 and fiscal year 2020 on February 22, 2021, after U.S. market close. A conference call is scheduled for the same day at 5 PM PT / 8 PM ET to discuss the results. Interested parties can register for the call via the provided link. Following the call, a digital recording will be available for replay. Agora specializes in real-time engagement solutions, offering developers APIs for seamless video and voice integration in applications.

Agora, Inc. (NASDAQ: API) has announced a private placement agreement with an accredited investor to purchase $250 million of newly issued Class A ordinary shares, representing approximately 4.5% of the company's total outstanding shares. This transaction is expected to close in February 2021, subject to customary closing conditions. The issuance will be exempt from registration under the Securities Act, indicating a private offering. Agora aims to enhance its real-time engagement platform with this capital influx, promoting its mission to integrate real-time voice and video APIs for developers.

Agora, Inc. (NASDAQ: API) has announced its definitive agreement to acquire Easemob, a leading provider of instant messaging APIs in China, in an all-cash transaction. This acquisition aims to enhance Agora's real-time engagement offerings by integrating video, voice, and messaging functionalities. Agora's CEO, Tony Zhao, emphasized the strategic fit of Easemob, which is expected to accelerate their vision of making real-time engagement ubiquitous. The deal is slated to close in Q1 2021, pending customary conditions, though shareholders are warned not to place undue reliance on the announcement.

Agora, Inc. (NASDAQ: API) reported remarkable customer growth in Q3 2020, with a 95.4% increase in active customers year-over-year. The surge in demand for real-time engagement (RTE) technology has driven this growth, as Agora continues to support innovative solutions in online learning, virtual events, and remote assistance. The company emphasizes its commitment to providing scalable, reliable, and customizable services to enterprises, enabling them to create unique virtual experiences. As it moves into 2021, Agora aims to further enhance its RTE platform for developers.

Agora, Inc. (NASDAQ: API) reported strong third-quarter 2020 results with total revenues of $30.8 million, an increase of 80.8% year-over-year. The number of active customers surged 95.4%, reaching 1,815. Despite significant revenue growth, Agora reported a net loss of $2.9 million, worsening from $1.1 million in Q3 2019. Operating expenses also rose sharply to $23.2 million. The gross margin declined to 62.5%, primarily due to international expansion costs. Agora anticipates full-year revenues of $125-$130 million.

Agora, Inc. (NASDAQ: API) will announce its financial results for Q3 2020 on November 16, 2020, after U.S. market close. A conference call is scheduled for 5 p.m. PT (8 p.m. ET) the same day. Investors can register online to participate. The company, known for its real-time engagement APIs, aims to facilitate seamless interactions across applications. More financial details and slides will be available on Agora's investor relations website prior to the call. Agora's dual headquarters are in Shanghai and Santa Clara.