Education
About Us
Working with TipRanks
Follow Us
Agora, Inc. (API)
NASDAQ:API
Earnings Data
Report Date
Feb 24, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
―Last Year’s EPS
-0.03Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
---
Earnings Call Summary
Earnings Call Date:Feb 24, 2025
|% Change Since: 1.07%
|Next Earnings Date:May 26, 2025
Earnings Call Sentiment|Positive
The earnings call presents a generally positive outlook for Agora, with significant achievements such as reaching GAAP profitability, strong revenue growth in core areas, and the launch of an innovative AI product. However, challenges remain, particularly in maintaining revenue growth for Xiong Wang amidst regulatory and economic pressures. Despite these challenges, the company's strong cash position and strategic initiatives in AI and share repurchases suggest a positive trajectory.Company Guidance
During the Agora, Inc. Fourth Quarter and Fiscal Year 2024 Financial Results Conference Call, the company provided guidance for the first quarter of 2025, projecting total revenues between $31 million and $33 million, compared to $29.7 million in the first quarter of 2024. This expectation excludes revenues from certain end-of-sale low-margin products. Agora aims to maintain sustained profitability throughout 2025, driven by strategic initiatives, operational efficiency, and opportunities in the generative AI market. The company achieved GAAP profitability in the fourth quarter of 2024 with a total revenue of $34.5 million, marking a 9.1% increase quarter over quarter and 3.6% year over year, excluding revenues from certain low-margin products. Agora's core revenues for the fourth quarter were $17.4 million, reflecting a 10.8% increase quarter over quarter and a 13.7% increase year over year. Gross margin for the quarter stood at 66.6%, with operating expenses at $28.5 million, down from $32.6 million in Q2 2024. Net income was $0.2 million, achieving a 0.5% net income margin. The company also extended its share repurchase program through February 2026, underscoring confidence in long-term growth potential.GAAP Profitability Achieved
Agora achieved GAAP profitability for the first time in several years, marking a significant milestone for the company.
Revenue Growth
Total revenue in the fourth quarter was $34.5 million, up 4% year over year and 9.1% quarter over quarter, driven by new use cases such as live shopping and entertainment.
Growth in Core Revenues
Core revenues were $17.4 million in Q4, an increase of 10.8% quarter over quarter and 13.7% year over year.
Launch of Conversational AI Engine
Agora launched a new Conversational AI engine, which allows developers to create interactive voice experiences with AI models, potentially accelerating AI adoption across industries.
Strong Cash Position
Agora ended Q4 with $363.8 million in cash, cash equivalents, bank deposits, and financial products issued by banks.
Share Repurchase Program Extension
The board authorized a 12-month extension of the share repurchase program, reflecting confidence in the company's long-term growth potential.
---
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
---
API Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 24, 2025 | $5.60 | $5.91 | +5.54% |
| 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% |
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.
---
FAQ
When does Agora, Inc. (API) report earnings?
Agora, Inc. (API) is schdueled to report earning on Feb 24, 2025, TBA Not Confirmed.
What is Agora, Inc. (API) earnings time?
Agora, Inc. (API) earnings time is at Feb 24, 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
---