Agora, Inc. Reports Third Quarter 2023 Financial Results
Net loss for the quarter was $22.5 million, compared to net loss of $27.7 million in the third quarter of 2022.
- Net loss for the quarter was $22.5 million, compared to net loss of $27.7 million in the third quarter of 2022.
- Adjusted EBITDA for the quarter was negative $4.4 million, compared to negative $16.4 million in the third quarter of 2022.
- Total cash, cash equivalents, bank deposits and financial products issued by banks as of September 30, 2023 was $373.4 million.
- The Company uses these non-GAAP financial measures internally in analyzing its financial results and believe that the 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 its financial results with other companies in its industry, many of which present similar non-GAAP financial measures.