- Agora is a hyper-growth business that offers APIs and SDKs that enable developers to build high-quality real-time engagement into their apps.
- The company's proprietary "SD-RTN" is a software layer over public internet networks that enables video and content distribution at a significantly better quality/reliability/latency than incumbents.
- With a global market opportunity, a Chinese home-base advantage, and positive free cash flow, Agora is competitively positioned to keep growing in the near future.
- The new normal has led to accelerated growth in both sales and customers; the company clocked an excellent 183% net expansion rate on a TTM basis.
- At a 1-yr Fwd EV/S estimate of ~18-20x, the price is attractive for an entry point and offers significant upside potential. It's a high-risk, high-reward play.
For further details see:
Agora: A Play On The Democratization Of Real-Time Engagement