Agora (API) has released an update.
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Agora, Inc. reports a mixed first quarter of 2024 with total revenues dropping by 9.4% to $33.0 million, although its main business saw a 4.6% revenue increase due to business expansion. The company’s net loss improved to $9.5 million from $16.8 million in the previous year, and it continued to repurchase shares under its program, signaling confidence in its financial health. Agora remains optimistic about leveraging its real-time engagement technology for emerging AI applications, despite a challenging economic climate.
For further insights into API stock, check out TipRanks’ Stock Analysis page.
