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

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).

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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