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Press Release: Auto-Graphics, Inc. [April 11, 2023]

Agent Information Software (AIFS) publishes 2022 audited financials

Fontana, CA -- April 11, 2023. Agent Information Software (AIFS), the parent company of Auto-Graphics, Inc. (A-G), has released audited 2022 year-end financials as part of their Annual Report.

AIFS reported a net income of $371k for 2022 and total revenue of $5,259k (an increase of $71k from 2021). Recurring revenue remains solid for 2022 at $5,157k with $101k in non-recurring sales. Basic and diluted earnings per share finished 2022 at $0.08 and $0.07, respectively.

A cash dividend of $0.035 per share was approved by the AIFS Board of Directors at its annual shareholders meeting on May 25, 2022. The dividend was distributed on June 30, 2022, to all stockholders on record as of June 15, 2022.

The company's cash position has remained steady throughout 2022 which has allowed Auto-Graphics to bring in industry veterans to expand its market position. Michael Willis joined the company in October 2022 as the Vice President of VERSO sales. Willis has over 20 years' experience working within the library industry in key roles. He has a strong technical understanding of the tools libraries utilize, positioning him as a trusted partner for A-G customers and prospects. Susan Rhood came to Auto-Graphics in late 2022 as the Director of Marketing bringing an industry wide network of stakeholders and thought leaders. Personnel were also added to the Product Management and Development teams to support the expected growth in 2023.

About Auto-Graphics, Inc

Auto-Graphics, Inc. has been an industry leader in library management and resource sharing software for 50 years. A-G was the first to provide Cloud-based library resource sharing solutions to library consortia. Our fully integrated suite of library software products is continually improved and enhanced to address the ever-changing needs of the library community. All A-G products meet ISO and NISO standards and are available through a cloud-based delivery model. For more information, please visit our website at www.auto-graphics.com and follow us on Facebook, LinkedIn, and Twitter for the latest news.


Summary: Agent Information Software, the parent company of Auto-Graphics, has released audited 2022 year-end financials as part of their Annual Report. AIFS reported a net income of $371k for 2022 and total revenue of $5,259k (an increase of $71k from 2021). Recurring revenue remains solid for 2022 at $5,157k with $101k in non-recurring sales. Basic and diluted earnings per share finished 2022 at $0.08 and $0.07, respectively. A cash dividend of $0.035 per share was approved by the AIFS Board of Directors at its annual shareholders meeting on May 25, 2022. The dividend was distributed on June 30, 2022, to all stockholders on record as of June 15, 2022.
Publication Year:2023
Type of Material:Press Release
LanguageEnglish
Date Issued:April 11, 2023
Publisher:Auto-Graphics, Inc.
Company: Auto-Graphics, Inc.
Permalink: https://librarytechnology.org/pr/28703/agent-information-software-aifs-publishes-2022-audited-financials

DocumentID: 28703 views: 1595 Created: 2023-04-11 11:36:48 Last Modified: 2024-06-19 23:44:44.