Parent Company of Auto-Graphics releases first quarter financial results.
The parent company of Auto-Graphics, Inc., Agent Information Software (AIFS) released the first-quarter 2018 earnings for the quarter ending March 31 for Auto-Graphics, Inc., an industry-leading library platform software provider and the first to provide Cloud-based library resource sharing solutions to library consortia.
For the quarter ending March 31, 2018, AIFS reported a net income of $51,674 compared to $114,255 in 2017, and 2018 net revenue of $1,245,841, both in-line with forecasts. Net income decreased mainly due to a change in tax provision from year to year. The company’s versatile Agent Library Software Platform continues to provide solutions that empower libraries across the United States to provide more products and services to their communities.
Auto-Graphics further reported EPS of $0.01 on weighted average shares outstanding of 4,270,910. Total stockholder equity increased to $2,525,470 from $2,300,065, an increase of $225,405, or a 9.8% increase. The full first quarter financial report can be found here.
About Auto-Graphics, Inc.
Auto-Graphics’ nearly seven (7) decades of providing solutions to the markets it serves reflects how well Auto-Graphics has listened to their customer base and stayed abreast of new technologies, continuously reinventing their products and services to help libraries of all sizes become more efficient and patron-centric. The Auto-Graphics browser-based Library Services Platform (LSP), currently used by thousands of libraries across North America, is comprised of SHAREit®, a Cloud-based resource sharing solution providing patron-initiated, circulation-based interlibrary loan (ILL) using NCIP and consortial borrowing solutions; VERSO®, an integrated library system (ILS)n for public libraries; RESEARCHit®, a federated search and discovery tool; and MONTAGEdc®, a digital collection solution. All products are 100% cloud-based solutions compliant with ISO and NISO standards, available via a Software as a Service (SaaS) subscription. For more information, please visit www.auto-graphics.com, Facebook, LinkedIn or Twitter. Auto-Graphics is the only publicly-traded library software vendor to provide full financial transparency, and trades under the stock symbol AIFS.