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Agora, Inc. (API)
NASDAQ:API
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Earnings Data
Report Date
Feb 25, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
―Last Year’s EPS
―Same Quarter Last Year
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 25, 2024
|% Change Since: -4.41%
|Next Earnings Date:Feb 25, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted positive developments in AI and IoT sectors and future revenue growth projections. However, these were countered by significant decreases in overall revenue, restructuring costs, and net losses. The sentiment is overall balanced with both positive advances and notable challenges.Company Guidance
During Agora Inc.'s Q3 2024 earnings call, the company provided guidance for the fourth quarter, projecting total revenues between $34 million and $36 million, an increase from the $31.6 million recorded in Q3 2024. This growth is expected to be driven by demand in both U.S. international markets, including live shopping and social spaces, as well as increased market share and demand for IoT and digital transformation in China. The company anticipates significant improvement in net income loss for Q4, supported by restructuring efforts that are expected to save approximately $4 million in operating expenses. Additionally, Agora highlighted its strategic alignment towards leveraging conversational AI opportunities, with ongoing collaborations with OpenAI and other foundational model companies, indicating strong interest in conversational AI use cases across various verticals. The company reaffirmed its goal to achieve GAAP breakeven for the full year 2025, underpinned by conservative revenue assumptions and operational cost savings.Revenue Growth in AI and IoT
Agora's revenue increased by 3% year-over-year to $15.7 million, driven by business expansion in AI and IoT verticals. New AI SDK in collaboration with OpenAI was launched, allowing for advanced voice-driven AI applications.
Record Attendance at RTE Conference
Agora hosted its tenth Annual RTE Conference in Beijing, which hit record highs in registration and attendance, showcasing significant industry interest in real-time conversational AI technologies.
Improved Gross Margin
Gross margin for the third quarter was 66.7%, which is 2.7% higher than Q3 last year and 4.7% higher than Q2 this year.
Positive Revenue Guidance for Q4
Revenue guidance for Q4 2024 is expected to be between $34 million and $36 million, indicating an improvement from Q3 2024.
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API Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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API Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 25, 2024 | $4.76 | $4.74 | -0.42% |
| Aug 19, 2024 | $2.34 | $2.18 | -6.84% |
| May 22, 2024 | $2.85 | $2.53 | -11.23% |
| Feb 26, 2024 | $2.75 | $3.27 | +18.91% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Agora, Inc. (API) report earnings?
Agora, Inc. (API) is schdueled to report earning on Feb 25, 2025, TBA Not Confirmed.
What is Agora, Inc. (API) earnings time?
Agora, Inc. (API) earnings time is at Feb 25, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is API EPS forecast?
Currently, no data Available
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