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CONOR McGregor has been dropped from a promo with a video game company - the first such blow to the star after his civil rape case concluded last week. While calls to boycott the Irish fighter's booze and merchandise ranges are growing, video games giant IO Interactive, which publishes the Hitman franchise, tonight severed ties with the shamed star. IO Interactive announced it was dropping all content featuring McGregor in light of the ruling. The Danish firm said in a statement: “In light of the recent court ruling regarding Conor McGregor, IO Interactive has made the decision to cease its collaboration with the athlete, effective immediately. “We take this matter very seriously and cannot ignore its implications. Consequently, we will begin removing all content featuring Mr. McGregor from our storefronts starting today.” The Dubliner plays an assassination target known as 'The Disruptor' in the popular game. 'The Disruptor' is a multimillionaire MMA fighter with worldwide fame who started a feud with the CEO of a prominent tech company, putting a target on his back in the process, according to a description of the content. Players must find a way to stop him before he wins an octagon duel against the CEO. Hitman: World Of Assassination players could access the mission for free from the summer, when it was released. The trailer for the mission got millions of views on social media when it came out in July. Separately, a Dublin councillor has quit his political party over backlash for showing support for McGregor at his recent court case. Philip Sutcliffe, a candidate in Dublin South Central for Independent Ireland, was previously McGregor’s boxing coach. Mr Sutcliffe was snapped with Mr McGregor going into the High Court hearing together on Friday, where the UFC fighter was found liable for rape. Following criticism from the party for associating himself with Conor McGregor, Mr Sutcliffe announced he will run as a non-party candidate. In a statement, a spokesperson for Independent Ireland said: "Cllr Phil Sutcliffe (Snr) is no longer a member of Independent Ireland. "Following a meeting with a senior party official today, Cllr Philip Sutcliffe (Snr) has tendered his resignation to the leadership of Independent Ireland. "The leadership of the Party has accepted his resignation. "As we understand it, Cllr Sutcliffe is continuing in politics as a non-party representative. “He is continuing his general election campaign and if elected will take up a seat in Dáil Éireann as a non-party TD." Mum-of-one Nikita Hand, 35, was awarded almost €250,000 in damages last week after the jury ruled she was sexually assaulted by UFC fighter McGregor at the Beacon Hotel in December 2018. Today the Irish Sun reported how pressure is mounting on the Director of Public Prosecutions to carry out a full review of the case. Sources say the MMA star could still end up facing criminal charges after a High Court jury ruled he “brutally” raped and “battered” Nikita Hand in a hotel penthouse. The DPP previously decided that no criminal prosecution would be taken against McGregor, 36, who continues to deny the allegations and has vowed to appeal. They said there was “insufficient evidence” and not a reasonable prospect of conviction — forcing Ms Hand to take her civil case. Politicians are now hoping the DPP will carry out a full review of the evidence heard during the two-week High Court action.
WASHINGTON (AP) — Lawmakers, meet your latest lobbyists: online influencers from TikTok. The platform is once again bringing influencers to Washington, this time to lobby members of Congress to reject a fast-moving bill that would force TikTok's Beijing-based parent company to sell or be banned in the United States. On Tuesday, some influencers began a two-day advocacy event in support of TikTok, which arranged their trip ahead of a House floor vote on the legislation on Wednesday. But unlike a similar lobbying event the company put together last March when talks of a TikTok ban reached a fever pitch, this year’s effort appeared more rushed as the company scrambles to counter the legislation, which advanced rapidly on Capitol Hill. Summer Lucille, a TikTok content creator with 1.4 million followers who is visiting Washington this week, said if TikTok is banned, she “don’t know what it will do” to her business, a plus-sized boutique in Charlotte, North Carolina. “It will be devastating,” Lucille said in an interview arranged by the platform. In an unusual showing of bipartisanship, a House panel unanimously approved the measure last week. President Joe Biden has said he will sign the legislation if lawmakers pass it. But it’s unclear what will happen in the Senate, where several bills aimed at banning TikTok have stalled. The legislation faces other roadblocks. Former president and current presidential candidate Donald Trump, who holds sway over both House and Senate Republicans, has voiced opposition to the bill, saying it would empower Meta-owned Facebook, which he continues to lambast over his 2020 election loss. The bill also faces pushback from some progressive lawmakers in the House as well as civil liberties groups who argue it infringes on the First Amendment. TikTok could be banned if ByteDance, the parent company, doesn’t sell its stakes in the platform and other applications it owns within six months of the bill’s enactment. The fight over the platform takes place as U.S.-China relations have shifted to that of strategic rivalry, especially in areas such as advanced technologies and data security, seen as essential to each country’s economic prowess and national security. The shift, which started during the Trump years and has continued under Biden, has placed restrictions on export of advanced technologies and outflow of U.S. monies to China, as well as access to the U.S. market by certain Chinese businesses. The Biden administration also has cited human rights concerns in blacklisting a number of Chinese companies accused of assisting the state surveillance campaign against ethnic minorities. TikTok isn’t short on lobbyists. Its Beijing-based parent company ByteDance has a strong lobbying apparatus in Washington that includes dozens of lobbyists from well-known consulting and legal firms as well as influential insiders, such as former members of Congress and ex-aides to powerful lawmakers, according to the Foundation for Defense of Democracies. TikTok CEO Shou Zi Chew will also be in Washington this week and plans to meet with lawmakers, according to a company spokesperson who said Chew’s visit was previously scheduled. But influencers, who have big followings on social media and can share personal stories of how the platform boosted their businesses — or simply gave them a voice — are still perhaps one of the most powerful tools the company has in its arsenal. A TikTok spokesperson said dozens of influencers will attend the two-day event, including some who came last year. The spokesperson did not immediately respond to questions about how many new people would be attending this year’s lobbying blitz. The company is briefing them ahead of meetings with their representatives and media interviews. Lucille, who runs the boutique in North Carolina, says has seen a substantial surge in revenue because of her TikTok page. The 34-year-old began making TikTok content focusing on plus-sized fashion in March 2022, more than a decade after she started her business. She quickly amassed thousands of followers after posting a nine-second video about her boutique. Because of her popularity on the platform, her business has more online exposure and customers, some of whom have visited from as far as Europe. She says she also routinely hears from followers who are finding support through her content about fashion and confidence. JT Laybourne, an influencer who also came to Washington, said he joined TikTok in early 2019 after getting some negative comments on videos he posted on Instagram while singing in the car with his children. Laybourne, who lives in Salt Lake City, Utah, said he was attracted to the short-form video platform because it was easy to create videos that contained music. Like Lucille, he quickly gained traction on the app. He says he also received more support from TikTok users, who reacted positively to content he produced on love and positivity. Laybourne says the community he built on the platform rallied around his family when he had to undergo heart surgery in 2020. Following the surgery, he said he used the platform to help raise $1 million for the American Heart Association in less than two years. His family now run an apparel company that gets most of its traffic from TikTok. “I will fight tooth-and-nail for this app,” he said. But whether the opposition the company is mounting through lobbyists or influencers will be enough to derail the bill is yet to be seen. On Tuesday, House lawmakers received a briefing on national security concerns regarding TikTok from the FBI, Justice Department and intelligence officials. AP Journalist Didi Tang contributed to this report. This story was originally published on March 12, 2024. It was updated on December 23, 2024 to clarify a quote by TikTok content creator Summer Lucille.
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John Elway: remorse over bypassing Josh Allen in draft mitigated by watching Broncos rookie Bo NixPlans to let first-home buyers purchase a property with a smaller deposit won't be a silver bullet, the housing minister concedes, with federal parliament set to pass the reforms. or signup to continue reading Labor's Help to Buy and Build to Rent schemes will become law after the Greens agreed to wave the proposals through parliament following months of debate. The Help to Buy scheme is a shared equity program that will allow 10,000 first-home buyers each year to purchase a house with a contribution from the government. Housing Minister Clare O'Neil welcomed the end of the political stalemate on the reforms, but said the laws wouldn't immediately fix problems in the sector. "This is not a silver bullet, and it was never meant to be," she told Nine's Today program on Tuesday. "The truth is we've had a generations-in-the-making housing crisis in our country that's been building for more than 30 years and it requires our government to do lots of things differently. "We're trying to build many more homes in our country. We're trying to get a better deal for renters. We're trying to get more Australians into home ownership. It's a big, complex program, and it's going to take some time." Greens Leader Adam Bandt denied the delay by his party in agreeing to the two housing bills had kept first-home buyers out of the market. "For over the last two months, we pushed them to to go further and do what's needed to really tackle the housing crisis. They've said no," he told ABC TV. "The question that people will ask is, with all of the government's legislation passed, why is it that it's the case that we still have a housing crisis in this country?" Greens housing spokesman Max Chandler-Mather said the party had agreed to pass the reforms in order to set sites on action for renters at the next election, which is due by May. He said the minor party had not capitulated by backing the housing reforms after months of heated debate. "There comes a point where you've pushed as far as you can, and you know, we really tried to get the government to act on soaring rents, on phasing our negative gearing," he told ABC radio. "I haven't lost hope, because I think we can go to the next election with those policies, and I think we can push Labor after that." It comes as opposition housing spokesman Michael Sukkar prepares to speak at the National Press Club on Tuesday. The opposition will argue banking regulation has made it harder for first-home buyers to secure a loan. The coalition has been angling to weaken "responsible lending" obligations imposed on banks after the global financial crisis that it believes are too cumbersome and create barriers for first-time buyers. "If there's one message I want Australians to take away from my remarks today, it's that the coalition will not accept a generation of Australians not having the same opportunities that previous generations have enjoyed for home ownership," Mr Sukkar will say. DAILY Today's top stories curated by our news team. WEEKDAYS Grab a quick bite of today's latest news from around the region and the nation. WEEKLY The latest news, results & expert analysis. WEEKDAYS Catch up on the news of the day and unwind with great reading for your evening. WEEKLY Get the editor's insights: what's happening & why it matters. WEEKLY Love footy? We've got all the action covered. WEEKLY Every Saturday and Tuesday, explore destinations deals, tips & travel writing to transport you around the globe. WEEKLY Going out or staying in? Find out what's on. WEEKDAYS Sharp. Close to the ground. Digging deep. Your weekday morning newsletter on national affairs, politics and more. TWICE WEEKLY Your essential national news digest: all the big issues on Wednesday and great reading every Saturday. WEEKLY Get news, reviews and expert insights every Thursday from CarExpert, ACM's exclusive motoring partner. TWICE WEEKLY Get real, Australia! Let the ACM network's editors and journalists bring you news and views from all over. AS IT HAPPENS Be the first to know when news breaks. DAILY Your digital replica of Today's Paper. Ready to read from 5am! DAILY Test your skills with interactive crosswords, sudoku & trivia. Fresh daily! Advertisement Advertisement
PDP will overcome challenges soon – Governors’ ForumEDMONTON - Muriel Stanley Venne, a trail-blazing Métis woman known for her Indigenous rights advocacy, has died at 87. Read this article for free: Already have an account? To continue reading, please subscribe: * EDMONTON - Muriel Stanley Venne, a trail-blazing Métis woman known for her Indigenous rights advocacy, has died at 87. Read unlimited articles for free today: Already have an account? EDMONTON – Muriel Stanley Venne, a trail-blazing Métis woman known for her Indigenous rights advocacy, has died at 87. Venne, born in Lamont, Alta., was one of the first appointees to Alberta’s Human Rights Commission in 1973 and later served as chair. She founded the Women of the Métis Nation as well as Esquao, the Institute for the Advancement of Aboriginal Women. She also created programming for the Métis Nation of Alberta before serving as provincial vice president from 2008 to 2012. “Muriel devoted her life to advancing the rights and well-being of Métis and other Indigenous peoples,” reads an online tribute to Venne made by the Métis Nation of Alberta. “Through her remarkable leadership, she transformed advocacy into action, creating lasting change in employment, education and justice.” In 2017, Venne had a provincial government building named after her in Edmonton. It was the first time a provincial building was named after an Indigenous woman in Alberta. In a statement, the Women of the Métis Nation, also known as Les Femmes Michif Otipemisiwak, said Venne was an inspiration to many Indigenous women. It said her advocacy work for missing and murdered Indigenous women and girls was a catalyst for change in the justice system, as was her advocacy for Cindy Gladue. In 2011, Gladue was found dead in a hotel bathroom. Ontario truck driver Bradley Barton was initially charged with murder but was found not guilty in 2015. Barton was found guilty in 2021 of manslaughter, but the initial trial drew outrage as Gladue was repeatedly referred to as a “prostitute” and “native” throughout proceedings. “She brought attention to incidents of discrimination, such as in the case of Cindy Gladue, as emblematic of the broader mistreatment of Indigenous women within the criminal justice system,” the Women of the Métis Nation statement said. “Her work in justice profoundly influenced how Canadian law and the criminal justice system respond to systemic violence against Indigenous women.” Women of the Métis Nation president Melanie Omeniho said in the statement that Venne’s legacy will carry on for generations to come. “She was a true gift to us all, and her presence will be deeply missed by everyone who had the privilege of knowing her,” Omeniho said. Venne was the recipient of numerous accolades throughout her life. She was awarded the Alberta Human Rights Award in 1998 and, in 2005, was the first Métis person to receive the Order of Canada. She was named to Alberta’s Order of Excellence in 2019. In a statement Monday, Minister of Indigenous Relations Rick Wilson said the province “lost a guiding light” with Venne’s passing. Winnipeg Jets Game Days On Winnipeg Jets game days, hockey writers Mike McIntyre and Ken Wiebe send news, notes and quotes from the morning skate, as well as injury updates and lineup decisions. Arrives a few hours prior to puck drop. “Muriel leaves behind a lasting legacy of advocating for the rights of Indigenous women and people,” Wilson said. Venne ran as an NDP candidate in the 2012 provincial election, and the party said on social media Friday that “her life was an inspirational model of leadership, and her legacy is profound.” “She made a real difference in many lives,” said then NDP-leader and former Alberta cabinet minister Brian Mason on social media. “Her list of accomplishments and awards could take pages.” This report by The Canadian Press was first published Dec. 23, 2024. Advertisement AdvertisementIntech Investment Management LLC purchased a new position in shares of KalVista Pharmaceuticals, Inc. ( NASDAQ:KALV – Free Report ) during the third quarter, Holdings Channel.com reports. The fund purchased 10,855 shares of the specialty pharmaceutical company’s stock, valued at approximately $126,000. Other hedge funds have also recently added to or reduced their stakes in the company. Great Point Partners LLC purchased a new position in shares of KalVista Pharmaceuticals in the second quarter worth about $15,768,000. Emerald Advisers LLC increased its position in KalVista Pharmaceuticals by 29.8% during the third quarter. Emerald Advisers LLC now owns 835,988 shares of the specialty pharmaceutical company’s stock worth $9,681,000 after purchasing an additional 192,091 shares during the last quarter. Emerald Mutual Fund Advisers Trust increased its position in KalVista Pharmaceuticals by 23.0% during the third quarter. Emerald Mutual Fund Advisers Trust now owns 650,980 shares of the specialty pharmaceutical company’s stock worth $7,538,000 after purchasing an additional 121,615 shares during the last quarter. Susquehanna Fundamental Investments LLC increased its position in KalVista Pharmaceuticals by 323.5% during the second quarter. Susquehanna Fundamental Investments LLC now owns 68,526 shares of the specialty pharmaceutical company’s stock worth $807,000 after purchasing an additional 52,347 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its position in KalVista Pharmaceuticals by 21.0% during the second quarter. Bank of New York Mellon Corp now owns 135,600 shares of the specialty pharmaceutical company’s stock worth $1,597,000 after purchasing an additional 23,547 shares during the last quarter. Insider Buying and Selling at KalVista Pharmaceuticals In related news, insider Paul K. Audhya sold 8,077 shares of KalVista Pharmaceuticals stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $9.26, for a total value of $74,793.02. Following the completion of the transaction, the insider now owns 94,199 shares in the company, valued at approximately $872,282.74. The trade was a 7.90 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink . Also, CEO Benjamin L. Palleiko sold 14,400 shares of KalVista Pharmaceuticals stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $9.26, for a total transaction of $133,344.00. Following the completion of the transaction, the chief executive officer now owns 266,598 shares of the company’s stock, valued at $2,468,697.48. This represents a 5.12 % decrease in their position. The disclosure for this sale can be found here . Insiders sold a total of 32,016 shares of company stock worth $319,344 over the last three months. Insiders own 10.50% of the company’s stock. KalVista Pharmaceuticals Price Performance KalVista Pharmaceuticals ( NASDAQ:KALV – Get Free Report ) last announced its quarterly earnings results on Thursday, September 5th. The specialty pharmaceutical company reported ($0.87) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.91) by $0.04. As a group, sell-side analysts expect that KalVista Pharmaceuticals, Inc. will post -2.7 earnings per share for the current fiscal year. Wall Street Analysts Forecast Growth KALV has been the subject of several recent analyst reports. HC Wainwright restated a “buy” rating and set a $20.00 price objective on shares of KalVista Pharmaceuticals in a research report on Friday. Cantor Fitzgerald restated an “overweight” rating on shares of KalVista Pharmaceuticals in a research report on Monday, September 9th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $28.00 price target on shares of KalVista Pharmaceuticals in a research report on Thursday. View Our Latest Stock Report on KALV KalVista Pharmaceuticals Company Profile ( Free Report ) KalVista Pharmaceuticals, Inc, a clinical stage pharmaceutical company, engages in the discovery, development, and commercialization of drug therapies inhibitors for diseases with unmet needs. The company’s product candidate is Sebetralstat, a small molecule plasma kallikrein inhibitor targeting the disease of hereditary angioedema (HAE). Featured Stories Want to see what other hedge funds are holding KALV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for KalVista Pharmaceuticals, Inc. ( NASDAQ:KALV – Free Report ). Receive News & Ratings for KalVista Pharmaceuticals Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for KalVista Pharmaceuticals and related companies with MarketBeat.com's FREE daily email newsletter .
SANTA CLARA, Calif., Nov. 25, 2024 (GLOBE NEWSWIRE) -- Agora, Inc. (NASDAQ: API) (the “Company”), a pioneer and leader in real-time engagement technology, today announced its unaudited financial results for the third quarter ended September 30, 2024. “Recently, we launched our Conversational AI SDK in collaboration with OpenAI’s Realtime API to allow developers to bring voice-driven AI experiences to any app. We believe multimodal AI agents that can interact with human through natural voice will gain widespread adoption across many use cases such as customer support, education and wellness, and Agora is well positioned to become a key infrastructure provider for real-time conversational AI,” said Tony Zhao, founder, chairman and CEO of Agora. “To support this vision, we recently made some structural changes, aligning our organization to fully leverage the accelerating conversational AI opportunities, and operate in a faster, leaner, and more responsive fashion. These changes will help us build the next generation real-time engagement technology for the Generative AI era and strengthen our position as the leader in real-time engagement space.” Third Quarter 2024 Highlights Third Quarter 2024 Financial Results Revenues Total revenues were $31.6 million in the third quarter of 2024, a decrease of 9.8% from $35.0 million in the same period last year. Revenues of Agora were $15.7 million in the third quarter of 2024, an increase of 2.6% from $15.3 million in the same period last year, primarily due to our business expansion and usage growth in sectors such as live shopping. Revenues of Shengwang were RMB112.9 million ($15.9 million) in the third quarter of 2024, a decrease of 20.0% from RMB141.2 million ($19.7 million) in the same period last year, primarily due to a decrease in revenues of RMB 17.5 million ($2.4 million) due to the end-of-sale of certain products and reduced usage from customers in certain sectors such as social and entertainment as a result of challenging macroeconomic and regulatory environment. Cost of Revenues Cost of revenues was $10.5 million in the third quarter of 2024, a decrease of 16.4% from $12.6 million in the same period last year, primarily due to the end-of-sale of certain products and the decrease in bandwidth usage and costs, which was offset partially by severance expenses for customer support teams of $0.3 million. Gross Profit and Gross Margin Gross profit was $21.0 million in the third quarter of 2024, a decrease of 6.1% from $22.4 million in the same period last year. Gross margin was 66.7% in the third quarter of 2024, an increase of 2.7% from 64.0% in the same period last year, mainly due to the end-of-sale of certain low-margin products, which was offset partially by higher severance expenses in the third quarter of 2024. Operating Expenses Operating expenses were $45.9 million in the third quarter of 2024, an increase of 24.3% from $36.9 million in the same period last year, primarily due to the increase in restructuring and severance expenses in the third quarter of 2024, which included share-based compensation of $11.4 million as a result of the cancellation of certain employees’ equity awards and immediate recognition of relevant remaining unrecognized compensation expenses, as well as severance expenses of $4.4 million. Loss from Operations Loss from operations was $24.7 million in the third quarter of 2024, compared to $13.9 million in the same period last year. Interest Income Interest income was $3.9 million in the third quarter of 2024, compared to $4.9 million in the same period last year, primarily due to the decrease in the average balance of cash, cash equivalents, bank deposits and financial products issued by banks and the decrease in average interest rate realized. Losses from equity in affiliates Losses from equity in affiliates were $4.2 million in the third quarter of 2024, primarily due to an impairment loss on an investment in certain private company of $4.1 million. Net Loss Net loss was $24.2 million in the third quarter of 2024, compared to $22.5 million in the same period last year. Net Loss per American Depositary Share attributable to ordinary shareholders Net loss per American Depositary Share (“ADS”)1 attributable to ordinary shareholders was $0.26 in the third quarter of 2024, compared to $0.23 in the same period last year. 1 One ADS represents four Class A ordinary shares. Share Repurchase Program During the three months ended September 30, 2024, the Company repurchased approximately 6.8 million of its Class A ordinary shares (equivalent to approximately 1.7 million ADSs) for approximately US$3.9 million under its share repurchase program, representing 1.9% of its US$200 million share repurchase program. As of September 30, 2024, the Company had repurchased approximately 129.4 million of its Class A ordinary shares (equivalent to approximately 32.3 million ADSs) for approximately US$113.7 million under its share repurchase program, representing 57% of its US$200 million share repurchase program. As of September 30, 2024, the Company had 368.3 million ordinary shares (equivalent to approximately 92.1 million ADSs) outstanding, compared to 449.8 million ordinary shares (equivalent to approximately 112.5 million ADSs) outstanding as of January 31, 2022 before the share repurchase program commenced. The current share repurchase program will expire at the end of February 2025. Executive Leadership Update Today the Company announced that Chief Security Officer Roger Hale will be leaving the Company, effective immediately. Mr. Hale has served in this role for the past 2.5 years, during which he made significant contributions to enhancing the Company’s security, compliance, and data protection protocols. Mr. Hale will work closely with senior leadership to ensure a smooth transition of his responsibilities. Moving forward, Patrick Ferriter and Robbin Liu will assume responsibility for security and compliance, reflecting the Company’s commitment to maintaining a strong and effective security framework. Mr. Hale will continue to provide strategic advice as an advisor to the Company. “We are grateful for Roger’s dedication and expertise over the past two and a half years. His leadership has been invaluable in strengthening our security & compliance foundation,” said Tony Zhao, founder, chairman and CEO of Agora. “Security and compliance remain top priorities for Agora, and we will continue to uphold the highest standards to protect our customers and stakeholders.” Financial Outlook Based on currently available information, the Company expects total revenues for the fourth quarter of 2024 to be between $34 million and $36 million, compared to $31.6 million in the third quarter of 2024, and $33.3 million in the fourth quarter of 2023 if revenues from certain end-of-sale low-margin products were excluded. The Company also expects significant improvement in net income / (loss) in the fourth quarter. This outlook reflects the Company's current and preliminary views on the market and operational conditions, which are subject to change. Earnings Call The Company will host a conference call to discuss the financial results at 5 p.m. Pacific Time / 8 p.m. Eastern Time on November 25, 2024. Details for the conference call are as follows: Event title: Agora, Inc. 3Q 2024 Financial Results The call will be available at https://edge.media-server.com/mmc/p/wie28zvr Investors who want to hear the call should log on at least 15 minutes prior to the broadcast. Participants may register for the call with the link below. https://register.vevent.com/register/BIf58a0b6f500c4362b1a8c64f9fa4cea8 Please visit the Company’s investor relations website at https://investor.agora.io on November 25, 2024 to view the earnings release and accompanying slides prior to the conference call. Use of Non-GAAP Financial Measures The Company has provided in this press release financial information that has not been prepared in accordance with generally accepted accounting principles in the United States (“GAAP”). 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. Besides free cash flow (as defined below), each of these non-GAAP financial measures represents the corresponding GAAP financial measure before share-based compensation expenses, acquisition related expenses, amortization expenses of acquired intangible assets, income tax related to acquired intangible assets and impairment of goodwill. The Company believes that such non-GAAP financial measures help identify underlying trends in its business that could otherwise be distorted by the effects of such share-based compensation expenses, acquisition related expenses, amortization expenses of acquired intangible assets, income tax related to acquired intangible assets and impairment of goodwill that it includes in its cost of revenues, total operating expenses and net income (loss). The Company believes that all such non-GAAP financial measures also provide useful information about its operating results, enhance the overall understanding of its past performance and future prospects and allow for greater visibility with respect to key metrics used by its management in its financial and operational decision-making. Non-GAAP financial measures are not meant to be considered in isolation or as a substitute for comparable GAAP financial measures and should be read only in conjunction with the Company’s consolidated financial statements prepared in accordance with GAAP. A reconciliation of its historical non-GAAP financial measures to the most directly comparable GAAP measures has been provided in the tables captioned “Reconciliation of GAAP to Non-GAAP Measures” included at the end of this press release, and investors are encouraged to review the reconciliation. Definitions of the Company’s non-GAAP financial measures included in this press release are presented below. Non-GAAP Net Income (Loss) Non-GAAP net income (loss) is defined as net income (loss) adjusted to exclude share-based compensation expenses, acquisition related expenses, amortization expenses of acquired intangible assets, income tax related to acquired intangible assets and impairment of goodwill. Free Cash Flow Free cash flow is defined as net cash provided by operating activities less purchases of property and equipment (excluding the acquisition of land use right and the payment for the headquarters project). The Company considers free cash flow to be a liquidity measure that provides useful information to management and investors regarding net cash provided by operating activities and cash used for investments in property and equipment required to maintain and grow the business. Operating Metrics The Company also uses other operating metrics included in this press release and defined below to assess the performance of its business. Active Customers An active customer at the end of any period is defined as an organization or individual developer from which the Company generated more than $100 of revenue during the preceding 12 months. Customers are counted based on unique customer account identifiers. Generally, one software application uses the same customer account identifier throughout its life cycle while one account may be used for multiple applications. Dollar-Based Net Retention Rate Dollar-Based Net Retention Rate is calculated for a trailing 12-month period by first identifying all customers in the prior 12-month period, and then calculating the quotient from dividing the revenue generated from such customers in the trailing 12-month period by the revenue generated from the same group of customers in the prior 12-month period. As the vast majority of revenue generated from Agora’s customers is denominated in U.S. dollars, while the vast majority of revenue generated from Shengwang’s customers is denominated in Renminbi, Dollar-Based Net Retention Rate is calculated in U.S. dollars for Agora and in Renminbi for Shengwang, which has substantially removed the impact of foreign currency translations. Shengwang excluded the revenues from certain end-of-sale products, Easemob’s CEC business and K12 academic tutoring sector. The Company believes Dollar-Based Net Retention Rate facilitates operating performance comparisons on a period-to-period basis. Safe Harbor Statements This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended and the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical or current fact included in this press release are forward-looking statements, including but not limited to statements regarding the Company’s financial outlook, beliefs and expectations. Forward-looking statements include statements containing words such as “expect,” “anticipate,” “believe,” “project,” “will” and similar expressions intended to identify forward-looking statements. Among other things, the Financial Outlook in this announcement contain forward-looking statements. These forward-looking statements are based on the Company’s current expectations and involve risks and uncertainties. The Company’s actual results and the timing of events could differ materially from those anticipated in such forward-looking statements as a result of these risks and uncertainties, which include, without limitation, risks related to the growth of the RTE-PaaS market; the Company’s ability to manage its growth and expand its operations; the continued impact of COVID-19 on global markets and the Company’s business, operations and customers; the Company’s ability to attract new developers and convert them into customers; the Company’s ability to retain existing customers and expand their usage of its platform and products; the Company’s ability to drive popularity of existing use cases and enable new use cases, including through quality enhancements and introduction of new products, features and functionalities; the Company’s fluctuating operating results; competition; the effect of broader technological and market trends on the Company’s business and prospects; general economic conditions and their impact on customer and end-user demand; and other risks and uncertainties included elsewhere in the Company’s filings with the Securities and Exchange Commission (“SEC”), including, without limitation, the final prospectus related to the IPO filed with the SEC on June 26, 2020. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. All forward-looking statements are qualified in their entirety by this cautionary statement, and the Company undertakes no obligation to revise or update any forward-looking statements to reflect events or circumstances after the date hereof. About Agora, Inc. Agora, Inc. is the Cayman Islands holding company of two independent divisions, under Agora brand and Shengwang brand, respectively, whose businesses are conducted through separate entities. Headquartered in Santa Clara, California, Agora is a pioneer and global leader in Real-Time Engagement Platform-as-a-Service (PaaS), providing developers with simple, flexible, and powerful application programming interfaces, or APIs, to embed real-time voice, video, interactive live-streaming, chat, whiteboard, and artificial intelligence capabilities into their applications. Headquartered in Shanghai, China, Shengwang is a pioneer and leading Real-Time Engagement PaaS provider in the China market. For more information on Agora, please visit: www.agora.io For more information on Shengwang, please visit: www.shengwang.cn Agora, Inc. Condensed Consolidated Balance Sheets (Unaudited, in US$ thousands) Agora, Inc. Condensed Consolidated Statements of Comprehensive Loss (Unaudited, in US$ thousands, except share and per ADS amounts) Agora, Inc. Condensed Consolidated Statements of Cash Flows (Unaudited, in US$ thousands) Agora, Inc. Reconciliation of GAAP to Non-GAAP Measures (Unaudited, in US$ thousands, except share and per ADS amounts) Investor Contact: investor@agora.io Media Contact: press@agora.io
Province commits funds to regional health authorities for needle cleanupThe breathtaking display of Indian Air Force's Suryakiran Aerobatic Team dazzled the skies over the picturesque Hussain Sagar lake here on Sunday as part of the celebrations to mark one year of Telangana's Congress government. The aerobatic manoeuvres such as loops, rolls, crosses and inverted flying by the team led by Group Captain Ajay Dasrathi left the people spellbound. Chief Minister A. Revanth Reddy, his Cabinet colleagues, senior leaders of Congress, and top officials were among those present at Hussain Sagar to watch the thrilling aerial display. Flying close at a distance of merely 5 metres, the team consisting of nine Hawk Mk 132 aircraft kept the eyes of the huge crowd of spectators glued to the skies. The team displayed various formations and produced smoke with colours of the national flag - saffron, white, and green - across the sky during their aerial performances . People gathered in large numbers on the banks of the lake to watch the spectacular manoeuvres of the team comprising its Leader Ajay Dasrathi, Deputy Leader Group Captain Sidhesh Kartik, Squadron Leader Jasdeep Singh, Squadron Leader Himkhush Chandel, Squadron Leader Ankit Vashisth, Squadron Leader Vishnu, Squadron Leader Diwakar Sharma, Squadron Leader Gaurav Patel, Wing Commander Rajesh Kajla, Wing Commander Arjun Patel, Wing Commander Kuldeep Hooda and Wing Commander Allen George. The technical team was led by Wing Commander Abhimanyu Tyagi, Squadron Leader Sandeep Dhayal and Flight Lieutenant Manil Sharma. According to a defence statement, the event was conducted as part of the Indian Air Force Outreach Programme. Established in 1996, Suryakiran Aerobatic Team (SKAT holds the coveted title of being the only nine-aircraft aerobatic team in Asia, and is one of the elite few teams in the world. This exceptional team has performed over 700 displays across India, while also representing the professionalism of the IAF at international air shows in countries such as China, Sri Lanka, Myanmar, Thailand, Singapore, and the UAE. All members live by the team's motto 'Sadaiva Sarvottam' meaning Always the Best! SKAT embodies the spirit of excellence. The pilots undergo intensive training to master complex aerobatic manoeuvres, with their expertise and flawless coordination forming the foundation of close formation flying. The aircraft flown by the Suryakiran Team is the Hawk Mk 132 advanced jet trainer. This aircraft is used to impart fighter flying training to the newly commissioned pilots of the Indian Air Force. This aircraft is proudly made in India today by Hindustan Aeronautics Ltd (HAL) showcasing the nation's aviation technology. Recently, the Suryakiran Team's Hawk Mk 132 aircraft have undergone a significant indigenous modification i.e the integration of smoke pods capable of producing coloured smoke. This advancement was developed within India at the Indian Air Force's Base Repair Depot, Nashik. (With inputs from IANS)
After a thrilling conference championship Saturday and a drawn-out reveal show Sunday, the inaugural 12-team College Football Playoff field is set. The first true tournament in FBS history has plenty to love -- and elements to loathe. What Went Right: Unique opening-round matchups Whether the first round proves to be more competitive than the four-team Playoff's often lopsided semifinal matchups remains to be seen. Until then, there is at least intrigue in the historic rarity of the four pairings. One opening-round matchup -- ACC automatic qualifier Clemson at Texas -- is a first-time encounter between two programs that combine for seven claimed national championships. Of the other three, the most recent contest occurred in 1996 when Tennessee topped Ohio State in the Citrus Bowl. The Vols and Buckeyes meet as the No. 9 and No. 8 seeds at Ohio State's Horseshoe, with the winner advancing to face top overall seed Oregon. SMU, a perhaps surprising final at-large selection given the Mustangs' dearth of high-profile wins, meets Penn State for the third time ever and first since 1978. The Nittany Lions scored a 26-21 come-from-behind win in Happy Valley, where they will again host SMU. The Penn State victory ended a 30-year stalemate after the first and only meeting in the 1948 Cotton Bowl produced a 13-13 tie. Here's hoping the third part of a 76-year trilogy is as closely contested as the initial two. Meanwhile, the matchup with the most previous installments is the closest in proximity -- less than 200 miles separate in-state counterparts Indiana and Notre Dame -- and the most lopsided. The Fighting Irish and Hoosiers last played in 1991, with Notre Dame's 49-27 win marking its sixth straight victory by multiple scores. Indiana's last win in the series came in 1950, a 20-7 Hoosiers victory in Bloomington. What Went Right: Boise State's big opportunity Although not the first outsider to reach or win a Bowl Championship Series game, Boise State's 2007 Fiesta Bowl victory over Oklahoma was arguably the most pivotal moment in building support for outsiders to compete for the national championship. The Broncos spent two decades knocking on the door, beginning with their perfect 2004 regular season, extending through two Fiesta Bowl wins, and withstanding the heartbreak of late-season losses in 2010 and 2011. The celebration in response to Boise State being part of the bracket -- and not just in, but as the No. 3 seed with a bye into the quarterfinals -- marked a culmination of generations of effort for just this opportunity. What Went Right: ‘Football weather' comes to the postseason From the birth of the bowl system with the first-ever Rose Bowl Game, college football's postseason has resided primarily in warm-weather destinations. This makes sense for the original purpose of bowl games as showcases and celebrations of a team's regular-season performance, but less so for the goal of crowning a national champion. After decades of playing what often amounted to road games in the postseason, northern teams get their opportunity to host. Three of the four first-round contests are in such climates -- though Indiana won't be particularly disadvantaged by weather when playing Notre Dame in South Bend. With average December highs in Pennsylvania in the 30s, SMU will need its heaters on the sideline at Penn State's Beaver Stadium. The more intriguing trip, however, is Tennessee's to Ohio State. Longtime college football fans know the arguments about SEC teams playing in Big Ten country late in the year. Pitting two high-quality teams from the two leagues head-to-head in such conditions is a highlight of this new postseason system. And, given Tennessee and Ohio State have two of the nation's best defenses, expect a style of play befitting what is often described as football weather. What Went Wrong: More teams means more politicking When Mack Brown seemingly spent as much time on TV campaigning in 2004 as that year's presidential candidates, George W. Bush and John Kerry, his Texas Longhorns were among a small collection of teams vying for BCS bids. With the 12-team Playoff opening the top postseason opportunities to as many as 20 teams realistically, the political campaign ads that mercilessly ended in early November were replaced by the politicking of college football figures. Iowa State athletic director Jamie Pollard spent last week taking shots at SMU and other programs over strength of schedule -- a point neglecting that the Cyclones' losses came to unranked Texas Tech and sub-.500 Kansas. Arizona State's thorough dismantling of Iowa State in the Big 12 Championship Game solved that debate at the proverbial ballot box. However, brace yourself for an offseason of recount demands coming out of the SEC. Alabama's exclusion at 9-3, while 11-2 SMU landed the final at-large spot, is sure to play into the same controversy that South Carolina coach Shane Beamer leaned into last week. Beamer told The State (Columbia, S.C.) last week that his program may consider changing its nonconference scheduling in response to its seemingly inevitable Playoff snub. It's an odd position, given South Carolina's three losses all came in-conference, and the Gamecocks' nonleague slate included sub-.500 teams Old Dominion, Akron and FCS Wofford. But then again, how often are political campaign pitches rooted in logic? What Went Wrong: Quantity over quality? A more salient position in Beamer's case for South Carolina is that the Gamecocks scored quality wins during a season-ending, six-game streak. With its Rivalry Week defeat of Clemson, South Carolina added a victory over a Playoff qualifier to complement victories over Texas A&M and Missouri. Alabama, meanwhile, boasts wins over No. 2 overall seed Georgia and that same South Carolina team in contention. SMU's resume might be the most likely to draw ire, given the Mustangs received the last at-large berth. However, SMU beat nine- and eight-win Duke and Louisville, with two losses by a combined six points. Indiana should be the more contentious at-large choice, with the Hoosiers beating only one team that finished above .500: 7-5 Michigan. Indiana's only other matchup with an above-.500 opponent was a 38-15 blowout at Ohio State. That's something Alabama and South Carolina have in common with Indiana, as all three teams lost in routs. Alabama dropped a 24-3 decision late in the season at Oklahoma that presumably doomed the Crimson Tide's chances, while South Carolina lost to Ole Miss 27-3. To that end, there are arguments to be made for and against every team that was on the bubble. No system will ever appease all parties. What Went Wrong: Seeding conundrum Much of the Playoff's very existence flies in the face of college football tradition. One facet of how the field was set that upholds tradition in its own small way is rewarding teams for winning their conferences by reserving the four first-round byes for league champions. When this format was implemented, however, the committee could not have envisioned that two of the top five conference champions would not be ranked in the top 10. Because three-loss Clemson survived a furious SMU comeback in the ACC championship game, and Arizona State caught fire after underwhelming losses to Texas Tech and Cincinnati to win a weak Big 12, the committee was in the unusual position of having to slot a non-power conference champion and double-digit-ranked team in a top-four spot. This first edition of the Playoff seems likely to be the last to use this format, even if this scenario seems like an outlier. --Kyle Kensing, Field Level MediaBowling Green earns 87-62 win over Aquinas
Deteriorating Omand Park bridge needs replacement: city report
Ethics report accuses Matt Gaetz of ‘regularly’ paying for sex while in officeBy Burnett Munthali Malawi is currently facing several interwoven challenges: Firstly, the country’s economy is teetering under the weight of rising inflation, a depreciating currency, and skyrocketing commodity prices. The cost of living has become unbearable for many, with basic necessities slipping out of reach for ordinary Malawians. Secondly, allegations of corruption continue to erode public trust. High-profile scandals and perceived inaction against corrupt officials have fueled frustration among citizens, raising questions about the government’s commitment to accountability. Sadly, the dissatisfaction has spilled into the streets, with protests becoming a common occurrence. Citizens are demanding better services, transparent governance, and meaningful economic reforms. Fourthly, the ruling Tonse Alliance if not the lonely ruling MCP is under strain, with internal divisions and opposition parties gaining momentum as they capitalize on the public’s discontent. The government’s handling of these crises will determine its credibility moving forward. To regain control, it must address key areas: Bold economic policies aimed at stabilizing the economy and supporting vulnerable populations are urgently needed. Stimulus packages, subsidies for essential goods, and policies to attract foreign investment could offer some relief. Malawi is experiencing a severe fuel crisis that has been there for weeks, yet the President, Pastor Lazarus Chakwera, continues to focus on pageantry and empty platitudes. This fuel crisis stems from a shortage of foreign exchange, a consequence of a failing economy driven by... pic.twitter.com/7A6J9m5qvL Swift and decisive action against corruption will be critical. High-profile prosecutions and institutional reforms could help rebuild trust in governance. The government must engage the public openly, acknowledging the challenges while outlining clear, actionable solutions. Citizens need reassurance that their leaders are both aware of their plight and actively working to address it. Failure to respond effectively risks plunging Malawi into deeper turmoil. Public frustration could escalate, leading to widespread unrest and a further erosion of government legitimacy. Political opponents, sensing weakness, may intensify their efforts to discredit the administration, potentially destabilizing the political landscape further. In conclusion, the crises confronting Malawi are daunting, but they also present an opportunity for the government to prove its mettle. Leadership is not about avoiding challenges but navigating through them with vision, decisiveness, and integrity. As analysts have pointed out, the coming months will test whether the government can rise to the occasion or risk losing its grip on the nation’s future. Malawians are watching, and the world is, too. Save my name, email, and website in this browser for the next time I comment. Δ document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); This site uses Akismet to reduce spam. Learn how your comment data is processed .
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