Agora, Inc. Stock Price, News & Analysis

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.

Agora, Inc. (NASDAQ: API) has launched innovative tools including the Experience Level Agreement (XLA), Agora RTE App Builder, and Agora Extensions Marketplace to enhance Real-Time Engagement (RTE) technology integration for developers. Announced at the RTE2020 conference, these tools aim to improve user experience with guaranteed performance metrics such as channel join success rate and transmission latency. Furthermore, a customer survey reveals 37% support for platforms that ensure content quality. Agora emphasizes its commitment to developer support and easing RTE adoption.

Agora, Inc. (NASDAQ: API) has announced its free virtual conference, RTE2020, scheduled for October 13-14, 2020. The event will feature dynamic speakers focusing on real-time engagement opportunities for product teams. Highlighted sessions include 'What's Trending' on October 13 and 'Community Day' on October 14, aimed at enhancing skills and entrepreneurship. Agora partners with Virbela for an engaging virtual experience, including a metaverse afterparty. This initiative reflects Agora's mission to enhance real-time engagement through innovative platforms.

Agora, a Real-Time Engagement platform, is hosting the RTE2020 virtual conference on October 13-14, 2020, in collaboration with the event platform Run The World. This conference aims to unite global voices to discuss advancements in voice, video, and streaming technologies. Attendees can register for free and expect an immersive experience with features like virtual networking, interactive polling, and personalized group photos. Agora's COO emphasizes the urgency of RTE adoption and invites developers and entrepreneurs to innovate in this space.

Agora (NASDAQ: API) reported significant growth in its customer base, expanding by 85.5% year-over-year in Q2 2020. The surge in demand for real-time engagement (RTE) technology is attributed to the shift towards virtual interactions during the pandemic. Agora now serves clients in over 100 countries with more than 10,000 active applications. Notable partnerships emerged in various sectors, including education and gaming, showcasing Agora's ability to enhance user experiences through features like live streaming and interactive sessions.

Agora, Inc. (NASDAQ: API) reported substantial growth in its Q2 2020 financial results, with total revenues soaring 128% year-over-year to $33.9 million. The company achieved GAAP profitability and positive free cash flow of $3.6 million, marking a significant turnaround from a net loss of $2.0 million in Q2 2019. Active customers increased by 85.5%, reaching 1,486. However, net loss attributable to ordinary shareholders was $157.8 million. Agora expects total revenues for 2020 to range between $125 million and $130 million.