API - Agora GAAP EPADS of -$0.24 misses by $0.05 revenue of $38.59M beats by $1.59M

Agora press release (NASDAQ:API): Q1 GAAP EPADS of -$0.24 misses by $0.05. Revenue of $38.59M (-4.1% Y/Y) beats by $1.59M. Non-GAAP net loss for the quarter was $16.9 million, compared to the non-GAAP net loss of $4.3 million in the first quarter of 2021. Active Customers as of March 31, 2022 were 2,706, excluding those for Easemob, an increase of 16.4% from 2,324 as of March 31, 2021. Constant Currency Dollar-Based Net Expansion Rate, excluding Easemob, was 95% for the trailing 12-month period ended March 31, 2022. Adjusted EBITDA for the quarter was negative $16.4 million, compared to negative $3.7 million in the first quarter of 2021.

For further details see:

Agora GAAP EPADS of -$0.24 misses by $0.05, revenue of $38.59M beats by $1.59M