Financial Performance - Total revenues for Q2 2022 were $41.0 million, a decrease of 3.2% from $42.3 million in Q2 2021[2] - Net loss for Q2 2022 was $30.7 million, compared to a net loss of $15.4 million in Q2 2021[9] - Adjusted EBITDA for Q2 2022 was negative $15.3 million, compared to negative $7.3 million in Q2 2021[2] - Total revenues for Q2 2022 were $40.979 million, a decrease of 3.2% from $42.333 million in Q2 2021[26] - Real-time engagement service revenues for Q2 2022 were $39.203 million, down 2.9% from $40.357 million in Q2 2021[26] - Gross profit for Q2 2022 was $26.609 million, an increase of 2.9% compared to $25.859 million in Q2 2021[26] - Net loss for Q2 2022 was $30.678 million, compared to a net loss of $15.394 million in Q2 2021, representing a 99.0% increase in losses[26] Customer Metrics - Active customers as of June 30, 2022, were 2,877, an increase of 17.5% from 2,449 as of June 30, 2021[2] - Constant Currency Dollar-Based Net Expansion Rate (DBNER) was 95% for the trailing 12-month period, with rates above 130% for the US and International business[2] Expenses - Operating expenses increased by 20.4% to $54.5 million in Q2 2022 from $45.3 million in Q2 2021[6] - Research and development expenses were $32.4 million, an increase of 20.1% from $27.0 million in the same period last year[7] - Operating expenses for Q2 2022 totaled $54.511 million, up 20.3% from $45.283 million in Q2 2021[26] - Research and development expenses for Q2 2022 were $32.442 million, an increase of 20.5% from $27.003 million in Q2 2021[26] Cash and Investments - Total cash, cash equivalents, and short-term investments as of June 30, 2022, were $641.2 million[2] - Cash and cash equivalents as of June 30, 2022, were $150.849 million, down 47.3% from $285.668 million as of December 31, 2021[24] - Total assets decreased to $877.720 million as of June 30, 2022, from $944.999 million as of December 31, 2021, a decline of 7.1%[24] - Total shareholders' equity decreased to $801.791 million as of June 30, 2022, from $866.261 million as of December 31, 2021, a decline of 7.4%[24] Cash Flow - Cash used in operating activities for Q2 2022 was $23.797 million, compared to $8.326 million in Q2 2021, indicating a significant increase in cash outflow[28] - Net cash used in operating activities for the six months ended June 30, 2022, was $(39,658) million, significantly higher than $(11,068) million in 2021, marking a 258% increase[31] - Free Cash Flow for the three months ended June 30, 2022, was $(24,247) million, compared to $(11,535) million in 2021, representing a 110% increase in cash outflow[31] - Net cash used in investing activities for the six months ended June 30, 2022, was $(77,168) million, compared to $(191,093) million in 2021, showing a decrease of 60%[31] - Net cash provided by financing activities for the three months ended June 30, 2022, was $(12,518) million, compared to $368 million in 2021, indicating a significant shift in cash flow[31] Shareholder Actions - Approximately 6.3 million class A ordinary shares were repurchased for approximately $11.7 million during the quarter[10] Depreciation and Expenses - Depreciation of property and equipment for the six months ended June 30, 2022, was $4,897 million, compared to $3,983 million in 2021, representing a 23% increase[31] - Share-based compensation expense for the three months ended June 30, 2022, was $9,033 million, up from $8,524 million in 2021, indicating a 6% increase[31] - Acquisition-related expenses for the six months ended June 30, 2022, were $513 million, down from $4,699 million in 2021, reflecting an 89% decrease[31]

Agora, Inc. (NASDAQ:API) Q1 2022 Earnings Conference Call May 23, 2022 9:00 PM ET Company Participants Fionna Chen - Director, IR Tony Zhao - Founder, Chairman and CEO Jingbo Wang - CFO Conference Call Participants Yang Liu - Morgan Stanley Bing Duan - Nomura Operator Good day, everyone, thank you for standing by. Welcome to Agora, Inc’s. First Quarter 2022 Financial Results Conference Call. At this time, all participants are in the listen-only mode. After the speakers' presentation, there will be a questio ...

Agora, Inc. (NASDAQ:API) Q4 2021 Earnings Conference Call February 22, 2022 8:00 PM ET Company Participants Fionna Chen - Director, IR Tony Zhao - Founder, CEO & Chairman Jingbo Wang - CFO Conference Call Participants Yang Liu - Morgan Stanley Vincent Yu - Needham & Company Bing Duan - Nomura Securities Allen Li - JPMorgan Chase & Co. Operator Good day and thank you for standing by. Welcome to Agora, Inc. Fourth Quarter 2021 Financial Results Conference Call. [Operator Instructions]. I would now like to han ...

Financial Performance - Revenues for Q3 2021 were $45 million, up 46% year-over-year[3] - The number of active customers reached more than 2,500, an increase of over 700 year-over-year[3] - Non-GAAP gross margin for Q3 was 65.5%, a 2.7% increase compared to Q3 last year and a 4% increase compared to Q2 this year[12] - Non-GAAP R&D expenses were $22.9 million in Q3, up 112% year-over-year, representing 50.9% of total revenues compared to 35.1% in Q3 last year[12] - Non-GAAP sales and marketing expenses were $11.1 million in Q3, up 88% year-over-year, representing 24.6% of total revenues compared to 19% in Q3 last year[13] - Non-GAAP G&A expenses were $6.8 million in Q3, up 121% year-over-year, representing 15.1% of total revenues compared to 10% in Q3 last year[13] - Non-GAAP operating loss was $11.1 million, resulting in a 24.6% non-GAAP operating loss margin[13] - The company ended Q3 with $767 million in cash, cash equivalents, and short-term investments[14] - The company expects total revenues for the full year 2021 to be in the range of $163 million to $165 million[15] Product and Market Development - US&RoW revenue contribution has increased from less than 10% to nearly 30% over the past three years[9, 10]

Financial Data and Key Metrics Changes - Total revenue for Q3 2021 was $45 million, representing a 46% year-over-year increase and a 6% quarter-over-quarter increase [6][17] - The number of active customers reached over 2,500, up 41% year-over-year [17] - Non-GAAP gross margin for Q3 was 65.5%, an increase of 2.7% year-over-year and 4% quarter-over-quarter [19] - Non-GAAP operating loss was $11.1 million, translating to a 24.6% operating loss margin [22] Business Line Data and Key Metrics Changes - The company launched two new products: Fusion CDN live streaming and Full-Path Accelerator (FPA) [7][8] - Revenue from outside China grew 90% year-over-year, accounting for nearly 30% of total revenues [26] - Non-GAAP R&D expenses were $22.9 million, up 112% year-over-year, reflecting investment in talent and technology [20] Market Data and Key Metrics Changes - The US and Rest of World markets have seen revenue contribution increase from less than 10% to nearly 30% over the past three years [15] - The company noted a significant impact from new regulations on the K-12 academic tutoring sector in China, which is expected to affect revenue in the upcoming quarters [17][36] Company Strategy and Development Direction - The company aims to enhance its capabilities in real-time engagement technology to become a key infrastructure provider for the metaverse [14][15] - There is a focus on long-term growth opportunities and innovation rather than maximizing short-term profitability [20] - The company plans to continue investing in the US and Rest of World markets to capture growth potential [15][26] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in long-term business prospects despite short-term challenges due to regulatory impacts [23] - The company anticipates that the digital transformation trend will continue post-pandemic, with hybrid work models becoming the norm [27][28] - Management highlighted the importance of adapting to changing market demands and the emergence of new use cases [29][30] Other Important Information - The company ended Q3 with $767 million in cash and short-term investments, down from $827 million at the end of Q2 [22] - The company is cautious about headcount growth in the upcoming year, focusing on the US and Rest of World markets while moderating growth in China [52] Q&A Session Summary Question: What is the outlook for the overseas business and growth drivers going into 2022? - Management noted strong demand from developers in the US and APAC, with revenue from outside China growing 90% year-over-year [26][27] Question: What are the key drivers behind the sequential decline in Q4? - The decline is attributed to the impact of new regulations on the K-12 education sector in China, which has seen reduced usage [35][36] Question: How does the gross margin outlook look moving forward? - Management indicated that while gross margin has improved due to technical optimizations, lower usage from education customers may negatively impact it [36][37] Question: What is the company's approach to pricing for large customers? - The company aims to provide a competitive performance-to-price ratio and has historically passed on cost savings to customers, leading to gradual price reductions [47] Question: Will the company build its own CDN network? - The company will integrate existing CDN services rather than building its own, enhancing them with proprietary technology for better performance [50][51]

Agora, Inc. (NASDAQ:API) Q2 2021 Earnings Conference Call August 9, 2021 9:00 PM ET Company Participants Fionna Chen - Director, Investor Relations Tony Zhao - Founder, Chairman & Chief Executive Officer Jingbo Wang - Chief Financial Officer Conference Call Participants Yang Liu - Morgan Stanley Emerson Chan - BofA Securities Vincent Yu - Needham and Company Bing Duan - Nomura John Wang - Macquarie Operator Good day and thank you for standing by and welcome to the Agora Incorporated Second Quarter 2021 Fina ...