Rancho Cucamonga, CA (August 9, 2019) - The parent company of Auto-Graphics, Inc. (A-G), AGent Information Software (AIFS) today released the earnings for the quarter ending June 30, 2019. Auto-Graphics, Inc., is an industry-leading provider of library platform software. A-G was the first to provide Cloud-based library resource sharing solutions to library consortia.
For the quarter ending June 30, 2019, AIFS reported a year to date 2019 net revenue of $2,691,565 and a year to date 2019 net income of $339,161, a 91% increase in net income from the same period in 2018. Recurring revenue increased by 9% from 2018 levels, and EBITDA ended at 26% of revenue for the quarter. Auto-Graphics further reported EPS of $0.08 on weighted average shares outstanding of 4,402,577.
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.
About Auto-Graphics, Inc.
Auto-Graphics, Inc. has been providing solutions for nearly seven decades and library management and resource sharing software for nearly 50 years. A-G continues to listen to its customers and market needs, to offer new technology that improves, assists, and engages their customers, helping them become more efficient and patron-centric. A-G is focused on maintaining and exceeding industry requirements, product warranty, technically trained staff, and a strong customer service team. All A-G products meet ISO and NISO standards and are available through a cloud-based delivery model (SaaS -Software as a Service). For more information visit A-G on our website at www.auto-graphics.com, or Facebook and LinkedIn.
