Friday, 16 April 2021 08:30 GMT

AGent Information Software (AIFS) Publishes 2020 Audited Financials Other OTC:AIFS

( MENAFN - GlobeNewsWire - Nasdaq R )ANCHO 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 , or on Facebook and LinkedIn.


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