Stock Analysis

Agora First Quarter 2024 Earnings: US$0.10 loss per share (vs US$0.16 loss in 1Q 2023)

NasdaqGS:API
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Agora (NASDAQ:API) First Quarter 2024 Results

Key Financial Results

  • Revenue: US$33.0m (down 9.4% from 1Q 2023).
  • Net loss: US$9.46m (loss narrowed by 44% from 1Q 2023).
  • US$0.10 loss per share (improved from US$0.16 loss in 1Q 2023).
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NasdaqGS:API Earnings and Revenue Growth May 24th 2024

All figures shown in the chart above are for the trailing 12 month (TTM) period

Agora Earnings Insights

Looking ahead, revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Software industry in the US.

Performance of the American Software industry.

The company's shares are down 14% from a week ago.

Risk Analysis

We should say that we've discovered 1 warning sign for Agora that you should be aware of before investing here.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.