Agora Inc. (API) Reports Q2 Loss of $4.60/sh

Agora Inc. (NASDAQ: API) reported Q2 EPS of ($4.60), versus ($0.45) reported last year. Revenue for the quarter came in at $33.9 million, versus $14.9 million reported last year.

GUIDANCE:

Agora Inc. sees FY2020 revenue of $125-130 million.

• Based on currently available information, Agora expects total revenues for the full fiscal year ending December 31, 2020 to be between $125 million and $130 million. This forecast reflects the Company’s current and preliminary views on the market and operational conditions, and the outlook ranges for full year 2020 reflect a number of assumptions that are subject to change based on uncertainties related to the impact of the COVID-19 pandemic.

For earnings history and earnings-related data on Agora Inc. (API) click here.

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