Agora, Inc. Reports Third Quarter 2020 Financial Results
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Agora Inc. (API) Misses Q3 EPS by 2c, Revenues Beat; Offers FY20 Revenues Outlook
November 16, 2020 5:03 PM ESTAgora Inc. (NASDAQ: API) reported Q3 EPS of ($0.03), $0.02 worse than the analyst estimate of ($0.01). Revenue for the quarter came in at $30.8 million versus the consensus estimate of $28.62 million.
Third Quarter 2020 Highlights
Total revenues for the quarter were $30.8 million, an increase of 80.8% from $17.1 million in the third quarter of 2019.Active Customers as of September 30, 2020 were 1,815, an increase of 95.4% from 929 as of September 30, 2019.Constant Currency Dollar-Based Net Expansion Rate was 187.9% for the trailing 12-month period ended September 30, 2020.Net loss for the quarter was $2.9... More