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Press Release: Auto-Graphics, Inc. [June 10, 2021]

AGent Information Software (AIFS) Publishes 2021 First Quarter Financials

Rancho Cacamonga, CA -- June 09, 202. AGent Information Software (AIFS), the parent company of Auto-Graphics, Inc. (A-G), released first quarter 2021 financials today.

AIFS reported a net income of $120,398, a $40,000 increase from the same period in 2020. Continued growth of the recurring revenue base resulted in an increase from 2020 to $1,290,874. This growth is entirely in the company's library division, as it has terminated their publishing business to focus on their library sector. AIFS reported EPS of $0.03 on weighted average shares outstanding of 4,484,577. Cash flow continued to be strong into the first quarter of 2021.

The company is making investments in new/improved product features by hiring additional developers and programmers, with the intention of bolstering its market position.

Auto-Graphics has continued to evolve and address unique demands from libraries in light of the COVID-19 pandemic. By adapting smart workflows and implementing more automated functionality to its products, they have been able to assist libraries in maintaining daily administration and serving their communities with minimal interruption.

Auto-Graphics, Inc. has been an industry leader in library management and resource sharing software for over 50 years. A-G was the first to provide Cloud-based library resource sharing solutions to library consortia. 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 their website at www.auto-graphics.com, or on Facebook and LinkedIn.


Summary: AGent Information Software, the parent company of Auto-Graphics, Inc. (A-G), released first quarter 2021 financials. AIFS reported a net income of $120,398, a $40,000 increase from the same period in 2020. Continued growth of the recurring revenue base resulted in an increase from 2020 to $1,290,874. This growth is entirely in the company's library division, as it has terminated their publishing business to focus on their library sector. AIFS reported EPS of $0.03 on weighted average shares outstanding of 4,484,577. Cash flow continued to be strong into the first quarter of 2021.
Publication Year:2021
Type of Material:Press Release
LanguageEnglish
Date Issued:June 10, 2021
Publisher:Auto-Graphics, Inc.
Company:
Company: Auto-Graphics, Inc.
Permalink: https://librarytechnology.org/pr/26332

LTG Bibliography Record number: 26332. Created: 2021-06-10 05:02:17; Last Modified: 2021-06-10 05:02:17.