Agora(API)

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声网母公司三季度总营收3157万美元,打造生成式AI时代的下一代RTE技术
IPO早知道· 2024-11-26 02:10
深度聚焦RTE+AI,推动场景创新与体验升级。 本文为IPO早知道原创 作者|Stone Jin 微信公众号|ipozaozhidao 据IPO早知道消息,声网母公司Agora, Inc. ( NASDAQ: API )于11月26日发布了2024年第三季度 财报。 财报显示, 第三季度 Agora, Inc.实现总营收3157万美元,其中,业务聚焦在中国市场的声网实现 Q3营收1.13亿人民币。聚焦非中国市场的Agora实现Q3营收1570万美元 。 在资金储备方面,财报显示截至2024年9月30日,Agora, Inc.现金、现金等价物、银行存款及理财 产品3.63亿美元。 "近期,Agora推出了 Conversational AI SDK,并与 OpenAI Realtime API 合作,让开发者能够 在任何应用程序中加入语音驱动的对话式 AI 能力。"Agora, Inc. 创始人兼 CEO 赵斌表示,"我们 相信,能以语音与人类进行自然对话的多模态 AI 将在客户服务、教育和健康等多个场景中得到广泛 应用,而我们有望成为对话式 AI 的关键基础设施。" "为了支持这一愿景,我们进行了一些组织调整 ...
Agora, Inc. Reports Third Quarter 2024 Financial Results
GlobeNewswire News Room· 2024-11-25 22:00
Core Viewpoint - Agora, Inc. reported a decrease in total revenues for Q3 2024, while also highlighting growth in its Agora segment and ongoing investments in conversational AI technology [3][4][21]. Financial Performance - Total revenues for Q3 2024 were $31.6 million, down 9.8% from $35.0 million in Q3 2023 [3][4]. - Agora segment revenues increased to $15.7 million, up 2.6% from $15.3 million in Q3 2023, driven by business expansion in sectors like live shopping [3][4]. - Shengwang revenues were RMB112.9 million ($15.9 million), a decrease of 20.0% from RMB141.2 million ($19.7 million) in Q3 2023, primarily due to end-of-sale products and reduced customer usage [3][4]. Customer Metrics - Active customers for Agora increased to 1,762, a rise of 5.9% from 1,664 in Q3 2023 [3]. - Shengwang had 3,641 active customers, down 9.7% from 4,034 in Q3 2023 [3]. Profitability and Losses - Net loss for Q3 2024 was $24.2 million, compared to a net loss of $22.5 million in Q3 2023 [3][13]. - Non-GAAP net loss for the quarter was $10.4 million, an improvement from a non-GAAP net loss of $15.6 million in Q3 2023 [3][42]. Cash Flow and Liquidity - Total cash and cash equivalents as of September 30, 2024, were $362.6 million [3]. - Net cash used in operating activities for Q3 2024 was $4.6 million, compared to $3.0 million in Q3 2023 [3][42]. - Free cash flow for the quarter was negative $6.0 million, worsening from negative $3.2 million in Q3 2023 [3][42]. Operating Expenses - Operating expenses increased to $45.9 million, up 24.3% from $36.9 million in Q3 2023, largely due to restructuring and severance expenses [3][8]. - Research and development expenses rose to $29.3 million, a 46.1% increase from $20.0 million in Q3 2023 [3][9]. Share Repurchase Program - The company repurchased approximately 6.8 million Class A ordinary shares for about $3.9 million during Q3 2024, representing 1.9% of its $200 million share repurchase program [15][16]. Leadership Changes - The company announced the departure of Chief Security Officer Roger Hale, effective immediately, with Patrick Ferriter and Robbin Liu taking over security and compliance responsibilities [19][20]. Future Outlook - The company expects total revenues for Q4 2024 to be between $34 million and $36 million, indicating potential growth compared to Q3 2024 [21].
Agora, Inc. to Report Third Quarter 2024 Financial Results on November 25, 2024
GlobeNewswire News Room· 2024-11-11 12:00
SANTA CLARA, Calif., Nov. 11, 2024 (GLOBE NEWSWIRE) -- Agora, Inc. (NASDAQ: API), a pioneer and leader in real-time engagement technology, will release its financial results for the third quarter ended September 30, 2024 after the close of U.S. markets on November 25, 2024. Agora, Inc. will host a conference call to discuss the financial results at 5 p.m. Pacific Time / 8 p.m. Eastern Time on the same day. Details for the conference call are as follows: Event title: Agora, Inc. 3Q 2024 Financial Results The ...
声网:成为OpenAI公司合作伙伴,为AI大模型语音交互提供低延迟能力
Dongxing Securities· 2024-10-15 09:40
Investment Rating - The report maintains a "Recommend" rating for Agora (API NASDAQ) [2][6] Core Viewpoints - Agora has become a partner of OpenAI, providing low-latency capabilities for AI large model voice interaction through its integration with OpenAI's Realtime API [2][3] - The Realtime API enables AI to understand human emotions directly from voice inputs, bypassing the traditional speech-to-text and text-to-speech processes, which often lose emotional context and have higher latency [3] - Agora's Conversational AI SDK integrates OpenAI's Realtime API, offering developers low-latency, high-availability, and high-quality audio transmission services, along with features like echo cancellation and noise reduction [3] - The partnership highlights Agora's strong competitiveness in overseas markets, particularly in addressing network latency and last-mile network quality issues for AI voice interactions [4] Financial Projections - Revenue is projected to be $136 2 million in 2024 (yoy -3 8%), $147 7 million in 2025 (yoy +8 4%), and $165 9 million in 2026 (yoy +12 3%) [6] - Net income is expected to improve from -$32 6 million in 2024 to -$10 4 million in 2026, with Non-GAAP net income turning positive at $4 0 million in 2026 [6] - The price-to-sales (PS) ratio is forecasted to decline from 2 0 in 2024 to 1 6 in 2026, reflecting potential valuation improvements [8] Market Position and Competitive Landscape - Agora is positioned as a professional third-party RTC service provider, leveraging its Software-Defined Real-Time Network (SD-RTN) to offer low-latency, high-coverage, and high-availability services across 200+ countries and regions [4] - Compared to competitors like Twilio and LiveKit, Agora focuses on internet-based real-time audio communication, while Twilio primarily serves AI applications and telecom networks, and LiveKit offers open-source solutions requiring developer customization [4] Pricing and Usage - OpenAI charges $100 per 1 million audio input tokens and $200 per 1 million audio output tokens, translating to approximately $60 per 1,000 minutes for audio input and $240 per 1,000 minutes for audio output [4] - Agora charges $0 99 per 1,000 minutes, with no revenue sharing between Agora and OpenAI [4] - Due to the relatively high cost of Realtime API, its application is expected to be limited to high-value scenarios like customer service, education, and emotional companionship in the short term [4]
Agora, Inc. Sponsored ADR (API) Is Up 22.34% in One Week: What You Should Know
ZACKS· 2024-10-03 17:06
Momentum investing revolves around the idea of following a stock's recent trend in either direction. In the 'long' context, investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades. Even though momentum is a popular stock cha ...
Are Business Services Stocks Lagging Agora (API) This Year?
ZACKS· 2024-10-03 14:46
For those looking to find strong Business Services stocks, it is prudent to search for companies in the group that are outperforming their peers. Agora, Inc. Sponsored ADR (API) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? By taking a look at the stock's year-to-date performance in comparison to its Business Services peers, we might be able to answer that question.Agora, Inc. Sponsored ADR is one of 312 individual s ...
Agora (API) Surges Over 97% with Launch of aPaaS Product "Lingdong Meeting"
GuruFocus· 2024-10-02 15:51
Shares of Agora (API, Financial) skyrocketed, registering an impressive increase of over 97% to $5.42. The trading volume exceeded 51.4 million shares.The surge follows the company's announcement of the official release of their aPaaS product, "Lingdong Meeting." This product leverages Real-Time Engagement (RTE) technology and generative AI capabilities to provide a low-code video conferencing platform. It features a multi-cloud, multi-platform design and offers an SFU+MCU hybrid architecture to support fle ...
Agora (API) Loses -24.4% in 4 Weeks, Here's Why a Trend Reversal May be Around the Corner
ZACKS· 2024-08-29 14:36
Agora, Inc. Sponsored ADR (API) has been beaten down lately with too much selling pressure. While the stock has lost 24.4% over the past four weeks, there is light at the end of the tunnel as it is now in oversold territory and Wall Street analysts expect the company to report better earnings than they predicted earlier. Guide to Identifying Oversold Stocks We use Relative Strength Index (RSI), one of the most commonly used technical indicators, for spotting whether a stock is oversold. This is a momentum o ...
Agora(API) - 2024 Q2 - Earnings Call Transcript
2024-08-20 14:52
Agora, Inc. (NASDAQ:API) Q2 2024 Results Conference Call August 19, 2024 9:00 PM ET Company Participants Tony Zhao - Founder, Chairman and CEO Jingbo Wang - CFO Conference Call Participants Yang Liu - Morgan Stanley David Lee - Bank of America Securities Operator Good day, and thank you for standing by. Welcome to the Agora, Inc. Second Quarter 2024 Financial Results Conference Call. [Operator Instructions] Please be advised that today's conference is being recorded. The company's earnings results press rel ...
Agora(API) - 2024 Q2 - Quarterly Report
2024-08-20 10:05
Agora, Inc. Reports First Quarter 2024 Financial Results SANTA CLARA, Calif., May 22, 2024 (GLOBE NEWSWIRE) – Agora, Inc. (NASDAQ: API) (the "Company"), a pioneer and leader in real-time engagement technology, today announced its unaudited financial results for the first quarter ended March 31, 2024. "Despite a challenging operating environment, we continued to focus on enhancing the fundamental performance of our products, for example, launching our new Adaptive Video Optimization technology and improving ...