NEW YORK,Dec. 13, 2022Pomerantz LLP)正在调查从班ims on behalf of investors of Agora, Inc. ("Agora" or the "Company") (NASDAQ:API). Such investors are advised to contactRobert S. Willoughbyat[email protected]or 888-476-6529, ext. 7980.
The investigation concerns whether Agora and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
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OnNovember 22, 2022, Agora issued a press release announcing its unaudited financial results for the third quarter of 2022. Among other items, Agora reported revenue of$41 million, representing a decline of 8.9% year-over-year and missing consensus estimates by$3.47 million. Agora attributed its revenue miss to "a challenging global macro environment and restrictive regulations in certain markets".
On this news, Agora's stock price fell$0.67per share, or 20%, to close at$2.68per share onNovember 22, 2022.
Pomerantz LLP, with offices inNew York,Chicago,Los Angeles,London,Paris, andTel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the lateAbraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. Seewww.pomlaw.com.
Pomerantz LLP, with offices inNew York,Chicago,Los Angeles,Paris, andTel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the lateAbraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. Seewww.pomlaw.com.
CONTACT:
Robert S. Willoughby
Pomerantz LLP
[email protected]
888-476-6529 ext. 7980
SOURCE Pomerantz LLP
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