Agora(US:API)2025-02-25 11:02Revenue Performance - Total revenues for Q4 2024 were $34.5 million, a decrease of 4.4% from $36.0 million in Q4 2023[4] - Agora's revenue for Q4 2024 was $17.4 million, an increase of 13.7% from $15.3 million in Q4 2023, driven by business expansion in sectors like live shopping[6] - Shengwang's revenue for Q4 2024 was RMB122.2 million ($17.1 million), a decrease of 17.6% from RMB148.3 million ($20.7 million) in Q4 2023[4] - Total revenues for fiscal year 2024 were $133.3 million, a decrease of 5.9% from $141.5 million in 2023[16] - Agora's revenue for fiscal year 2024 was $64.5 million, an increase of 5.7% from $61.0 million in 2023[16] - The company expects total revenues for Q1 2025 to be between $31 million and $33 million, compared to $29.7 million in Q1 2024[33] Profitability - Net income for Q4 2024 was $0.2 million, compared to a net loss of $2.6 million in Q4 2023[7] - Net loss for fiscal year 2024 was $42.7 million, compared to a net loss of $87.2 million in 2023[28] - Net loss for Q4 2024 was $158 thousand, compared to a net loss of $2.611 million in Q4 2023, indicating an improvement in profitability[50] - Agora, Inc. reported a net income of $158,000 for Q4 2024, a significant improvement from a net loss of $2.611 million in Q4 2023[52] - The company achieved a non-GAAP net income of $1.764 million for Q4 2024, compared to a non-GAAP net income of $1.399 million in Q4 2023[54] Cash Flow and Liquidity - Total cash and cash equivalents as of December 31, 2024, was $363.8 million[7] - Total cash, cash equivalents, and restricted cash at the end of Q4 2024 stood at $30.828 million, down from $37.174 million at the end of Q4 2023[53] - Cash flows from operating activities provided $4.535 million in Q4 2024, up from $3.680 million in Q4 2023[54] - Free Cash Flow for Q4 2024 was $4.286 million, an increase from $3.412 million in Q4 2023[54] - Cash received from the maturity of short-term bank deposits was $18.779 million in Q4 2024, compared to $33.000 million in Q4 2023[53] Expenses and Investments - Research and development expenses for the year ended December 31, 2024, were $80.344 million, up from $77.666 million in 2023, reflecting ongoing investment in innovation[50] - The company incurred share-based compensation expenses of $1.497 million in Q4 2024, a decrease from $3.710 million in Q4 2023[54] - Agora, Inc. reported a total net cash used in investing activities of $18.869 million in Q4 2024, compared to a net cash provided of $3.565 million in Q4 2023[54] - The company raised $13.613 million from long-term borrowings for its headquarters project in Q4 2024[53] Assets and Liabilities - Total current assets increased to $328.050 million as of December 31, 2024, from $261.429 million as of December 31, 2023[48] - Total liabilities rose to $126.993 million as of December 31, 2024, compared to $69.846 million as of December 31, 2023, indicating increased financial obligations[49] Strategic Initiatives - The company launched a Conversational AI Engine to enhance real-time voice interactions, aiming to drive future growth[2] - The company expects to continue expanding its operations and product offerings, focusing on enhancing customer retention and attracting new developers[44] - Active customers at the end of the reporting period generated more than $100 of revenue in the preceding 12 months, reflecting the company's customer engagement strategy[42] - The Dollar-Based Net Retention Rate is calculated for a trailing 12-month period, facilitating performance comparisons on a period-to-period basis[43]