Agora, Inc. (API) experienced a significant after-hours plunge of 5.01% on Tuesday, following the release of its first-quarter 2025 financial results and second-quarter revenue outlook. The sharp decline suggests that investors were disappointed with the company's performance and future projections.
For the first quarter of 2025, Agora reported revenue of $33.269 million and a net income of $407,000. While the company managed to remain profitable, the market reaction indicates that these figures may have fallen short of investor expectations. Additionally, Agora provided a second-quarter revenue outlook of $33-35 million, which could be perceived as conservative or below market anticipations.
The after-hours sell-off highlights the challenges faced by Agora in the current market environment. Investors will likely be closely monitoring the company's ability to meet its Q2 projections and any strategies it plans to implement to boost growth and profitability in the coming quarters.