By publishing the audited financial information, AIFS delivers to its stakeholders and Auto-Graphics’ customers the solid results of the last fiscal year. Net income for the year ending December 31, 2016 was $204,069, up $13,011 from the previous year’s net income, with reported net sales of $4,757,198, slightly higher than 2015. These results were in line with sales forecasts, as how the overall number of RFPs received was down in 2016, with many libraries reporting that they were unwilling to move forward on issuing RFPs due to uncertainty over the economy, election, and federal budgets. The full 2016 audited earnings report can be viewed here.
In 2016, Auto-Graphics made several major enhancements and delivered major new releases to both the VERSO and SHAREit customer bases, all intended to address customer needs and deliver value. These investments included updating VERSO front-end for mobile-devices, in addition to many staff and patron product enhancements. Sales opportunities for MONTAGEdc, a modern, simple to use, SaaS-based digital content manager for digital collections released to the market in 2015, have been encouraging and SHAREit continued to see growth for the company in 2016 with the addition of a major state contract which will be installed in early 2017. Auto-Graphics will continue to focus on new products and functionality to meet market needs throughout 2017.
About Auto-Graphics, Inc.
Auto-Graphics is the only publicly-traded library software vendor to provide software solutions along with full financial transparency. The company’s 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 Management Platform for patrons and staff – currently used by more than 11,000 libraries in North America – is comprised of SHAREit®, a Web-based resource sharing solution providing patron-initiated sharing, circulation-based interlibrary loan (ILL) using NCIP and consortial borrowing solutions; VERSO®, an integrated public library system (ILS); SEARCHit®, a federated search and discovery module; SLIMS™, a small library information management system, and MONTAGEdc®, a digital asset management (DAM) solution. All products are fully Web and cloud-based products which are compliant with ISO and NISO standards, and are available via a Software as a Service (SaaS) subscription. For more information, please visit please visit www.auto-graphics.com, Facebook, LinkedIn or Twitter. Auto-Graphics trades under the stock symbol AIFS.
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© Auto-Graphics, Inc. All rights reserved.
VERSO®, SHAREit®, SEARCHit®, MONTAGEdc®, & SLIMS™ are trademarks of Auto-Graphics, Inc and part of their AGent Library Platform.
All other trademarks are the property of their respective owners.
Media Contact:
Elizabeth Kelley
Marketing Communications Manager
Auto-Graphics, Inc.
430 Vineyard Ave., Ste. 100
Ontario, CA 91764
909-569-1544
eak@auto-graphics.com
Product Manager, SHAREit
Product Manager – VERSO
Customer Service Manager
Chief Technology Officer
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.
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.
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.
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.
Product Manager, SHAREit – Customer Services
Product Manager, VERSO – Technical Services
Director of Information Technology
Controller
Director of Customer Service and Quality Assurance
Chief Operations Officer
Vice President of Sales
President