Fontana, CA (April 16, 2024) – Agent Information Software (AIFS), the parent company of Auto-Graphics, Inc. (A-G), has released audited 2023 year-end financials as part of their Annual Report. The full report is available here.
AIFS reported a net income of $204k for 2023 and total revenue of $5,409k (an increase of $150k from 2022). Recurring revenue remains solid for 2023 at $5,247k with $161k in non-recurring sales. Both basic and diluted earnings per share finished 2023 at $0.04.
A cash dividend of $0.035 per share was approved by the AIFS Board of Directors at its annual shareholders meeting on May 24, 2023. The dividend was distributed on June 30, 2023, to all stockholders on record as of June 15, 2023.
With the company’s cash position remaining steady throughout 2023, Auto-Graphics was able to hire industry veterans for strategic positions within the Product Management and Development teams to increase productivity. In 2023, Auto-Graphics, Inc. continued to enhance and improve its suite of library technology products which resulted in an expanded market share. SHAREit, Auto-Graphics’ flagship resource-sharing software, solidified its position as a market-leader with the award of the Texas State Library and Archives Commission (TSLAC) contract as the statewide inter-library loan provider. Auto-Graphics’ 2023 VERSO ILS development focused on streamlining workflow for library staff with an emphasis on the Cataloging and Reporting modules which will allow A-G to remain highly competitive. Other significant VERSO enhancements in 2023 included enhanced mobile responsiveness for improved patron accessibility and streamlined CILL (Circulation ILL) integration for VERSO customers using SHAREit resource-sharing.
President
Customer Service Manager
Product Manager – VERSO
Product Manager, SHAREit
Chief Technology Officer
Chief Operations Officer
Mr. Hicks, CPA, has been a director since February 2012. Mr. Hicks is Chairman of the Audit Committee. Mr. Hicks has been a practicing certified public accountant for over twenty-five years in addition to partnering and managing both an underground construction company and real estate development business. Currently, Mr. Hicks is a founder and senior partner of Hicks & Williams, LLP a certified public accounting firm providing tax, audit and management consulting services to small and medium size clients across the nation.
Vice President of Sales
Mr. Heath has been a director since December 2012. Mr. Heath immigrated to California from Canada during the Internet commerce boom in 1999. Mr. Heath was formerly Vice President, Secondary Markets at Best Buy (2008-2010) and founded Dealtree.com in 1999, where he was CTO & COO from (2001-2010). Mr. Heath has developed expert system technologies for managing online sales channels and created several online marketplaces supporting secondary market sales. Mr. Heath is an Internet technology and business operations consultant and serves as President of Heath Investment Properties LLC. Mr. Heath is an active member of Rotary, and currently serves a Technology Director for District 5320 in Southern California.
Dr. Murphy has been a director since December 2012. He has over 20 years experience as a successful software executive specializing in high-growth SaaS companies. He currently is CEO of GVNG Technology and Practitioner of Strategy at the Pepperdine Graziadio Business School. Dr. Murphy is an active member on the board of directors for several early-stage and private equity owned companies. He received his MBA from Pepperdine University and his Doctor of Business Administration (DBA) from the Alliance Manchester Business School at The University of Manchester.
Ken Kerr has been a director since April 2020. During his career, he served in a variety of leadership positions in sales, marketing, and operations with companies in startup, turnaround, and expansion. Most recently he was CEO/CFO of Advisys, Inc., a SaaS company providing financial planning solutions to Fortune 100 banks, brokerages and insurance companies, and thousands of independent financial advisers. He retired from Advisys in 2018 and now consults with businesses to improve profits and productivity through effective employee engagement strategies. Ken graduated Cum Laude from UCLA with a bachelor’s degree in English Literature and has an MBA with an emphasis in Technology Management from the University of Phoenix.
Director of Customer Service and Quality Assurance
Controller
Product Manager, SHAREit – Customer Services
Product Manager, VERSO – Technical Services
Director of Information Technology