Parent Company of Auto-Graphics releases first quarter financial results.
The parent company of Auto-Graphics, Inc., Agent Information Software (AIFS) released the first-quarter 2018 earnings for the quarter ending March 31 for Auto-Graphics, Inc., an industry-leading library platform software provider and the first to provide Cloud-based library resource sharing solutions to library consortia.
For the quarter ending March 31, 2018, AIFS reported a net income of $51,674 compared to $114,255 in 2017, and 2018 net revenue of $1,245,841, both in-line with forecasts. Net income decreased mainly due to a change in tax provision from year to year. 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.
Auto-Graphics further reported EPS of $0.01 on weighted average shares outstanding of 4,270,910. Total stockholder equity increased to $2,525,470 from $2,300,065, an increase of $225,405, or a 9.8% increase. The full first quarter financial report can be found here.
About Auto-Graphics, Inc.
Auto-Graphics’ nearly seven (7) decades of providing solutions to the markets it serves reflects how well Auto-Graphics has listened to their customer base and stayed abreast of new technologies, continuously reinventing their products and services to help libraries of all sizes become more efficient and patron-centric. The Auto-Graphics browser-based Library Services Platform (LSP), currently used by thousands of libraries across North America, is comprised of SHAREit®, a Cloud-based resource sharing solution providing patron-initiated, circulation-based interlibrary loan (ILL) using NCIP and consortial borrowing solutions; VERSO®, an integrated library system (ILS)n for public libraries; RESEARCHit®, a federated search and discovery tool; and MONTAGEdc®, a digital collection solution. All products are 100% cloud-based solutions compliant with ISO and NISO standards, available via a Software as a Service (SaaS) subscription. For more information, please visit www.auto-graphics.com, Facebook, LinkedIn or Twitter. Auto-Graphics is the only publicly-traded library software vendor to provide full financial transparency, and trades under the stock symbol AIFS.
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