ONTARIO, CA (April 1, 2019) – The parent company of Auto-Graphics, Inc., Agent Information Software (AIFS) published their yearend 2018 earnings for Auto-Graphics, Inc., an industry-leading library management software provider and the first to provide a web-based library resource management solution for library consortiums.
For 2018, AIFS continued to strengthen its financial position and reported a net income of $507,893, an increase of 80% over the results for 2017 of $282,154. EBITDA increased by $319,000 from year-end 2017, and now represents 24% of sales. Sales for 2018 increased by 4% to $5,153,419 primarily due to the continual growth of our recurring revenue base. AIFS reported EPS of $0.12 on weighted average shares outstanding of 4,342,577.
The company’s versatile SHAREit and VERSO platforms continue to provide solutions that empower libraries across the country, as evident by the 2018 reportings. AIFS is excited for 2019, celebrating 25 years of providing the industry with cloud-based resource sharing, and Auto-Graphics customer base growth.
Auto-Graphics, Inc. is a Library Management and Sharing Software serving customer’s needs and technology to improve, assist, expand, and engage the communities they serve. Auto-Graphics was the first to provide Cloud-based library resource management to library consortia, in 1994. For over 60 years, Auto-Graphics has sustained growth in carefully targeted directions, using the most state of the art tools and good old-fashion business relationships. Our focus on industry requirements, high standards, product warranty, technically oriented staff, and serviceability have all contributed to the success we see today. For more information about our products and Auto-Graphics please visit our website www.auto-graphics.com
# # #
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