Agora Expects Q3 Revenue Of $31.5-$33.5M
Portfolio Pulse from Benzinga Newsdesk
Agora anticipates Q3 2024 revenue between $31.5M and $33.5M, reflecting the discontinuation of certain unprofitable products.
August 20, 2024 | 7:18 am
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NEUTRAL IMPACT
Agora forecasts Q3 2024 revenue between $31.5M and $33.5M, due to ending sales of unprofitable products. This strategic move may stabilize future profitability.
Agora's revenue forecast for Q3 2024 is slightly lower than previous quarters due to the discontinuation of unprofitable products. This decision may stabilize future profitability but could lead to short-term revenue fluctuations. The market may react neutrally as the strategic shift is aimed at long-term gains.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100