Rancho Cucamonga, CA (Sept 21, 2020) – The parent company of Auto-Graphics, Inc., Agent Information Software released their earnings for the second quarter of 2020, ending June 30, 2020. Auto-Graphics, Inc., is an industry-leading provider of library automation software. A-G was the first to provide Cloud-based library resource sharing solutions.
AIFS continues to strengthen its financial position as the COVID-19 pandemic continues to sweep the country. AIFS reported a net income of $158k with an EBITDA of $528k that represented 20.3% of sales at quarter-end. The company issued a dividend of $0.03 per share on June 12th. Cash flow remained strong into the second quarter with no drop in customer receipts and an increase focus on costs. AIFS reported EPS of $0.04 on weighted average shares outstanding of 4,474,577.
The company’s versatile AGent Library Software Platform continues to provide solutions that empower libraries across North America, to provide more products and services to their communities. A-G launched SHAREit and VERSO systems to a pre-existing MONTAGE customer, that saw these other core products offering solutions to their systems and workflow. SHAREit continues to be a problem-solving solution for states across the country, Florida is the latest state to sign with Auto-Graphics and will be going live in Q3 with SHAREit.
About Agent Information Software
Originally founded in 1950 the company provided services to various industries before going public in 1969 as Auto-Graphics, Inc. From there, Agent Information Software, Inc. (AIFS) was formed in 2010 with Auto-Graphics, Inc. as a wholly owned subsidiary. A-G develops information and data management solutions that are standards-compliant. The company continues to innovate and evolve the products through its program of providing ongoing system updates and upgrades to all customers via our Software as a Service (SaaS) subscription/delivery model. The company’s technical ingenuity and reputation for excellent service makes them a trusted resource to more than 6,000 libraries throughout North America. Customers across multiple industries use the AGent Library Management Platform. A-G’s primary focus is to provide services to a broad range of libraries such as statewide systems, public, academic, school, special, and consortia. For more information, please visit www.agentinformationsoftware.com or www.auto-graphics.com.
FOR IMMEDIATE RELEASE
Media Contact: Katie Cover
Auto‐Graphics, Inc.
(909) 569‐1514
kmc@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