API - Agora misses Q2 top and bottom line estimates; initiates Q3 outlook
2023-08-22 00:38:39 ET
- Agora press release ( NASDAQ: API ): Q2 GAAP EPADS of -$0.45 misses by $0.33 .
- Revenue of $34M (-17.1% Y/Y) misses by $4.9M .
- Active customer: Agora: 1,560 as of June 30, 2023, an increase of 23.9% from 1,259 as of June 30, 2022.
- Shengwang: 3,992 as of June 30, 2023, an increase of 5.1% from 3,798 as of June 30, 2022.
- Total cash, cash equivalents, bank deposits and financial products issued by banks as of June 30, 2023 was $391.6 million.
-
Financial Outlook: The Company expects total revenues for the third quarter of 2023 to be between $34.5 million and $36.5 million vs. consensus of $40.17 million.
-
.
For further details see:
Agora misses Q2 top and bottom line estimates; initiates Q3 outlook