ONTARIO, Calif. — June 14, 2017 — The parent company of Auto-Graphics, Inc., Agent Information Software (AIFS) today released the first-quarter 2017 earnings for the quarter ending March 31 for Auto-Graphics, Inc., an Industry-leading library management software provider and the first to provide Web-based library resource management solutions to library consortia.
For the quarter ending March 31, AIFS reported a net income of $114,255, up $112,735 from 2016 first quarter income, representing a total first quarter net revenue of $1,240,559, in-line with forecasts. Sales of SHAREit, the company's resource sharing solution, continues to be strong, with the company increasing the number of U.S. states using the solution, having added 3 new U.S. states to its impressive state-wide resource sharing portfolio.
The company reported EPS of $0.03 on weighted average shares outstanding of 4,269,610 and a diluted EPS of $0.02 on weighted average shares outstanding of 4,764,527. Total stockholder equity increased to $2,300,065 from $1,991,554, an increase of $308,511 or a 13.4% increase. The full first quarter financial report can be found here.
About Auto-Graphics, Inc.
Auto-Graphics is the only publicly-traded library software vendor to provide software solutions along with full financial transparency. The company's 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 Management Platform for patrons and staff – currently used by more than 11,000 libraries in North America – is comprised of VERSO, an integrated public library system (ILS); SHAREit, a resource sharing product providing patron-initiated sharing, circulation-based interlibrary loan (ILL) using NCIP and consortial borrowing solutions; SEARCHit, a federated search and discovery module; SLIMS, a small library information management system, and MONTAGEdc, a digital asset management (DAM) solution. All products are fully compliant with ISO and NISO standards, and are available through the effective cloud-based delivery (SaaS - Software as a Service) model. For more information, please visit www.auto-graphics.com, Facebook, LinkedIn or Twitter. Auto-Graphics trades under the stock symbol AIFS.