AGORA Reports Record Earnings for FY2023 Q2 as of June 30 2023
August 24, 2023
🌥️Earnings Overview
On August 22 2023, AGORA ($NASDAQ:API) reported their FY2023 Q2 earnings results as of June 30 2023. This second quarter saw a total revenue of USD 34.0 million, a decrease of 16.9% compared to the same period a year ago. Additionally, the net income reported was USD -45.3 million which was lower than the previous year’s figure of -30.7 million.
Market Price
On Tuesday, AGORA reported record earnings for the second quarter of its fiscal year 2023. The company’s stock opened at $2.7 and closed at $2.8, representing a 2.1% drop from the prior closing price of $2.8. This decrease provides an indication of the overall sentiment of the stock, yet it still marks a significant milestone for AGORA. With such a strong financial performance, AGORA is well-positioned to continue on its mission of providing top-notch services to its customers and stakeholders.
Investors remain optimistic as the company continues to generate positive news with its broad spectrum of products and services. With strong financials and a clear vision for the future, AGORA looks to build upon its successful quarter and continue to deliver value for its shareholders and customers alike. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Agora. More…
| Total Revenues | Net Income | Net Margin |
| 151.59 | -124.85 | -58.9% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Agora. More…
| Operations | Investing | Financing |
| -26.98 | -19.49 | -62.5 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Agora. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 688.38 | 55.7 | 6.2 |
Key Ratios Snapshot
Some of the financial key ratios for Agora are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 12.8% | – | -53.0% |
| FCF Margin | ROE | ROA |
| -138.0% | -7.5% | -7.3% |
Analysis
At GoodWhale, we analyze AGORA‘s wellbeing and have found that AGORA is classified as a ‘rhino’ on the Star Chart. This type of company typically has moderate revenue or earnings growth. Investors who may be interested in such a company are those looking for an established but still growing business. AGORA has an intermediate health score of 6/10, which indicates that it is likely to pay off debt and fund future operations. Further analysis of AGORA’s finances shows that it is strong in assets and growth, medium in profitability, and weak in dividend. All of these factors should be taken into consideration when evaluating AGORA’s overall financial health. More…
Peers
As the world of e-commerce continues to grow, so does the competition between companies trying to establish themselves as the top dog. Agora Inc, a company specializing in online marketplaces, is up against some stiff competition from the likes of Vobile Group Ltd, China Youzan Ltd, and Sonic Foundry Inc. Each company has its own unique strengths and weaknesses, but it’s clear that they’re all vying for the same thing: a spot at the top of the e-commerce world.
– Vobile Group Ltd ($SEHK:03738)
Vobile Group Ltd is a provider of video intelligence solutions. The company operates in two segments: Video Solutions and Video Advertising. The Video Solutions segment offers a suite of video management tools that help content owners and distributors to identify, track, and protect their videos from unauthorised uses. The Video Advertising segment provides a platform that helps advertisers to reach their target audiences through video advertising. Vobile Group Ltd has a market cap of 3.94B as of 2022, a Return on Equity of 1.23%. The company offers its video intelligence solutions to content owners and distributors, advertisers, and agencies worldwide.
– China Youzan Ltd ($SEHK:08083)
Youzan Inc is a Chinese internet company that provides e-commerce and social media services. It has a market cap of 1.71B as of 2022 and a Return on Equity of -149.53%. The company operates in three segments: E-commerce, Social Media, and Other Services. Youzan E-commerce includes a marketplace that connects buyers and sellers, as well as a logistics platform that provides cross-border shipping and fulfillment services. Youzan Social Media is a social networking platform that allows users to connect with friends and share content. Other Services includes a payment platform that allows users to make online payments, as well as a marketing platform that provides data-driven marketing solutions.
– Sonic Foundry Inc ($NASDAQ:SOFO)
Sonic Foundry, Inc. engages in the business of transforming people’s ideas into knowledge. It provides enterprise software solutions for the management and delivery of audio, video, and rich media content. The company operates its business through the following segments: Enterprise, Online Learning, and Events.
The Enterprise segment offers software solutions that enable organizations to capture, manage, and distribute audio and video content. The Online Learning segment provides solutions that enable educational institutions and businesses to create, manage, and distribute online video content. The Events segment offers solutions that enable event organizers to capture, manage, and distribute audio and video content.
Sonic Foundry has a market cap of 11.97M as of 2022 and a Return on Equity of -67.07%. The company’s market cap is on the lower end, however, its ROE is negative, indicating that the company is not generating enough profit to cover its debts. Sonic Foundry’s main source of revenue is from its Enterprise segment, which offers software solutions for the capture, management, and distribution of audio and video content.
Summary
Investors have taken a cautious stance on AGORA’s financial performance for FY2023 Q2, as the company reported total revenue of USD 34.0 million, a 16.9% decrease from the same period last year, and a net income of -45.3 million, a decrease from the previous year’s figure of -30.7 million. Analysts have noted that this financial performance is concerning, and investors should proceed with caution when considering investing in AGORA. The company’s future performance must be closely monitored to assess if and when it will be a safe investment.
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