Agora, Inc. Stock Price, News & Analysis

Agora, Inc. (NASDAQ: API) reported its Q2 2021 financial results, showcasing a 24.9% increase in total revenues to $42.3 million compared to Q2 2020. Active customers surged by 64.8% year-over-year. However, the company faced a net loss of $15.4 million, a significant decline from a $3.0 million net income in the same quarter last year. Adjusted EBITDA was negative at $7.3 million. Agora adjusted its revenue guidance for 2021, forecasting between $159 million and $161 million, influenced by market conditions and regulatory impacts.

Agora, Inc. (NASDAQ: API) announced its upcoming release of financial results for Q2 2021, scheduled for August 9, 2021. The earnings will be disclosed after the closing of U.S. markets. Following the release, Agora will host a conference call at 6 p.m. PT / 9 p.m. ET to discuss the results, with registration required for participation. Agora is committed to enhancing real-time engagement through its APIs, facilitating seamless video and voice communication across various applications globally.

Agora, Inc. (NASDAQ: API) announced a significant integration of its Video Software Developer Kit (SDK) within the HTC VIVE Sync App, enhancing remote collaboration for VR and non-VR users. This integration allows users to engage in a shared virtual environment, facilitating screen sharing and file exchange, thereby improving productivity. CEO Tony Zhao highlighted the potential for extended reality to transform workplace interactions. Following a recent partnership announcement at VIVECON, this integration marks a pivotal step towards more innovative real-time engagement applications.

Agora, Inc. (NASDAQ: API) has partnered with HP Inc to enhance the OMEN Oasis gaming experience through real-time engagement features. The integration will utilize Agora's voice, video, and interactive streaming technologies, enabling up to 16 participants to engage in virtual watch parties. This collaboration aims to empower gamers globally, fostering connectivity and low-latency gameplay. The OMEN Oasis feature is currently in beta and accessible via the OMEN Gaming Hub, which is pre-installed on OMEN PCs. Developers can leverage Agora's Software Development Kit (SDK) for improved engagement.

Agora has launched the Agora App Builder, a platform enabling both developers and non-technical users to create customized video conferencing applications without coding skills. The tool is powered by Agora's robust Software-Defined Real-Time Network, offering features such as a user-friendly interface, multi-screen sharing, and ultra-low latency at 60% lower than competitors. Agora App Builder aims to empower users to engage audiences effectively while ensuring high scalability and reliability. The service is free for innovators looking to differentiate their offerings.

Agora, Inc. (NASDAQ: API) reported first-quarter 2021 revenues of $40.2 million, up 13.1% year-over-year, as developer engagement grows in real-time voice, video, and chat applications. However, the company faced a net loss of $14.7 million, contrasting with a net income of $3.0 million in the same period last year. Operating expenses surged 86.8% to $39.7 million, driven by R&D and marketing investments. Despite these challenges, Agora maintains a revenue guidance of $178 million to $182 million for 2021, reflecting optimism amidst ongoing market uncertainties.

Agora, Inc. (NASDAQ: API) announced a partnership with HTC to enhance the adoption of real-time engagement (RTE) technology through the HTC VIVE Independent Software Vendors (ISV) Program. This collaboration aims to empower developers to integrate Agora's voice, video, and live streaming capabilities into the HTC VIVE platform. The partnership reflects a growing demand for innovation in virtual reality (VR) and extended reality (XR) applications, promising to enhance productivity in enterprise environments and drive next-generation workplace collaboration.

Agora, Inc. (NASDAQ: API) will announce its first quarter financial results for the period ending March 31, 2021, on May 24, 2021, after U.S. market close. A conference call to discuss these results is scheduled for the same day at 6 p.m. Pacific Time. Interested parties can register online to participate in the call and receive dial-in details. A digital recording will be available shortly after the call concludes. Agora continues to focus on enhancing real-time engagement through its advanced API solutions for developers worldwide.

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.