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Auto-Graphics, Inc. Announces First Quarter Earnings

Press Release: Auto-Graphics, Inc. [May 15, 2006]

Copyright (c) 2006 Auto-Graphics, Inc.

Abstract: Auto-Graphics reported that operating income was $55,000 for the quarter ended March 31, 2006, up $15,000 or 39% from $40,000 for the same period in 2005. This performance represents 17 consecutive quarters in which Auto-Graphics has delivered a positive operating income.


POMONA, Calif.--(BUSINESS WIRE)--May 15, 2006--Auto-Graphics, Inc. (Pink Sheets:AUGR), a technology innovator providing library automation solutions for over 35 years, today reported that operating income was $55,000 for the quarter ended March 31, 2006, up $15,000 or 39% from $40,000 for the same period in 2005. This performance represents 17 consecutive quarters in which Auto-Graphics has delivered a positive operating income.

Auto-Graphics' net sales were $1,272,000 for the quarter ended March 31, 2006, up $65,000 or 5% from $1,207,000 for the same period in 2005 due to a large non-recurring license sale in the first quarter. Recurring subscription and maintenance sales increased $13,000 for the quarter ended March 31, 2006 over the same period in 2005.

Net income was $53,000 for the quarter ended March 31, 2006, up $15,000 from a net income of $38,000 for the same period in 2005, a 37% increase over the prior year. Basic and diluted earnings per share was $0.01 in 2006 compared to basic and diluted earnings per share of $0.01 in 2005.

Auto-Graphics continues to concentrate on expanding its AGent(TM) suite of integrated products, providing comprehensive library automation capabilities to libraries of all sizes. The integrated product suite includes AGent VERSO, a complete integrated library system (ILS) for public libraries; AGent Resource Sharing, a robust interlibrary loan (ILL) solution for consortial entities and member libraries; and AGent Search, a powerful federated search solution for both public and academic libraries. Auto-Graphics was recently awarded several Verso ILS contracts including our most recent award being a three (3) year contract, by a group led by the Washington County Library System in Mississippi, to provide the AGent VERSO ILS system for eight of the state's library systems. The Mississippi AGent VERSO contract solidifies the company's entrance into larger county-wide or system level library sales. Additionally, our provincial British Columbia account has awarded Auto-Graphics with a 3 year contract for their provincial-wide system for public and academic libraries. This system supports all aspects library consortial automation, including full interoperability with the provinces academic community.

About Auto-Graphics, Inc.

Founded in 1950, Auto-Graphics has been a technology innovator for more than five decades, providing data automation solutions to customers across multiple industries. For the past 35 years, Auto-Graphics has helped libraries of all sizes become more efficient and patron-centric. Its flagship solution, AGent, is the one of the most comprehensive library automation platforms available today, allowing libraries of any size to manage, share and search their resources. The AGent integrated product suite -- currently used by more than 5,000 libraries in North America -- comprises a complete ILS system for public libraries; a robust ILL solution for consortial entities and member libraries; and a powerful federated search solution for both public and academic libraries. For more information, please visit www.auto-graphics.com.

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Publication Year:2006
Type of Material:Press Release
Language English
Issue:May 15, 2006
Publisher:Auto-Graphics, Inc.
Company: Auto-Graphics, Inc.
Subject: Financial reports
Record Number:12011
Last Update:2012-12-29 14:06:47
Date Created:0000-00-00 00:00:00