May. 27 at 11:50 PM
$API Agora reports Q1 EPS 0c vs. (10c) last year
Reports Q1 revenue
$33.3M vs.
$33.0M last year. "We are pleased to report our second consecutive quarter of GAAP profitability in Q1, fueled by double-digit revenue growth year-over-year, excluding revenue from certain end-of-sale products, and disciplined cost management," said Tony Zhao, Founder, Chairman, and CEO of Agora, Inc. "Our continued profitability and solid cash position enable us to proactively invest in promising areas, particularly conversational AI.
Since launching our Conversational AI Engine in March, we've seen significant interest from developers and customers building voice agents for use cases from companion toys to language tutoring. As performance of large language models and our conversational AI solution continues to advance, we expect adoption of this technology to ramp up, leading to a growing contribution to revenue over time."
