Agora, Inc. (API) reported a worse-than-feared loss in the first quarter. Total revenues, however, topped analysts’ expectations. Shares of the leading platform provider of real-time engagement APIs declined 3.8% in the extended trading session on Monday. Agora incurred an adjusted loss of $0.14 per share in Q1, compared to the $0.01 loss per share estimated by analysts. The company reported a loss of $1.21 per share in the same quarter last year. Total adjusted revenues generated in the quarter amounted to $40.2 million, higher than the consensus estimate of $36.7 million. Additionally, revenues jumped 13.
https://www.tipranks.com/news/agora-posts-wider-than-expected-q1-loss-shares-drop-3-8
Agora (NASDAQ:API)
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