AGent Information Software (AIFS) Publishes 2020 Audited Financials

AGent Information Software (AIFS) Publishes 2020 Audited Financials




AGent Information Software (AIFS) Publishes 2020 Audited Financials

Recurring revenue base increased from 2019, despite challenges presented by the 2020 COVID-19 pandemic.

RANCHO CUCAMONGA, Calif., April 07, 2021 (GLOBE NEWSWIRE) — AGent Information Software (AIFS), the parent company of Auto-Graphics, Inc. (A-G), released 2020 year-end financials today.

In the year ending December 31, 2020, AIFS continued strengthening its financial position, despite the challenges of the COVID-19 pandemic. AIFS reported a net income of $408,667, with EBITDA representing 21% of sales at year-end. Continued growth of the company’s recurring revenue base saw an increase from $5,030,056 in 2019 to $5,222,595 in 2020. AIFS reported EPS of $0.09 on weighted average shares outstanding $4,484,577. AIFS declared a dividend of $0.03 per share in June 2020.

SHAREit, Auto-Graphics enterprise class system, continued to grow in North America with the State Library of Florida – Florida Library Information Network (FLIN) selection SHAREit through a competitive RFP process. This award further substantiates Auto-Graphics as the industry leader in statewide/regional resource sharing in North America.

Auto-Graphics, Inc. has been an industry leader in library management and resource sharing software for nearly 50 years. A-G was the first to provide Cloud-based library resource sharing solutions to library consortia. All A-G products meet ISO and NISO standards and are available through a cloud-based delivery model (SaaS – “Software as a Service.”) For more information, visit A-G on our website at www.auto-graphics.com, or on Facebook and LinkedIn.

CONTACT: Media Contact: Becky Bates

Auto‐Graphics, Inc.

(909) 569‐1514

rlb@auto-graphics.com