Agora, Inc. Reports First Quarter 2021 Financial Results
SANTA CLARA, Calif., May 24, 2021 (GLOBE NEWSWIRE) -- Agora, Inc. (NASDAQ: API) (Agora), a pioneer and leading platform for real-time engagement APIs, today announced its financial results for the first quarter ended March 31, 2021.
- SANTA CLARA, Calif., May 24, 2021 (GLOBE NEWSWIRE) -- Agora, Inc. (NASDAQ: API) (Agora), a pioneer and leading platform for real-time engagement APIs, today announced its financial results for the first quarter ended March 31, 2021.
- Adjusted EBITDA for the quarter was negative $3.7 million, compared to $6.7 million in the first quarter of 2020.
- Free cash flow for the quarter was negative $8.0 million, compared to negative $3.4 million in the first quarter of 2020.
- Agora uses these non-GAAP financial measures internally in analyzing its financial results and believes that use of these non-GAAP financial measures is useful to investors as an additional tool to evaluate ongoing operating results and trends and in comparing Agoras financial results with other companies in its industry, many of which present similar non-GAAP financial measures.