Agora(US:API)2022-11-22 00:03Product and Technology - Agora SDK 4.0 supports up to 4K video at ultra-low latency, offering a more flexible, open, and modular architecture [7] - Mainstream video resolution in real-time engagement is steadily increasing from 480p to 720p, leading to an approximately 15% increase in overall session lengths [14] Business Adoption and Trends - A leading collectibles auction marketplace leverages Agora's platform to hold live auctions through real-time video [9] - A global professional network uses Agora technology to provide live, interactive conversations for creators and influencers [11] - IoT devices are increasingly adopting RTE technologies, with devices featuring RTE capabilities sold at a premium [16] Financial Performance (Q3 2022) - Non-GAAP Research & Development expenses were $25.187 million, representing 61.4% of total revenues [46] - Non-GAAP Sales and Marketing expenses were $13.015 million, accounting for 31.8% of total revenues [48] - Non-GAAP General & Administrative expenses were $7.409 million, which is 18.1% of total revenues [49] - Free cash flow was negative $9.918 million [52] - Adjusted EBITDA was negative $16.399 million, resulting in an Adjusted EBITDA Margin of negative 40.0% [51]