Parent company of Auto-Graphics, Inc. delivers 2017 results to stakeholders and customers.
The parent company of Auto-Graphics, Inc., Agent Information Software (AIFS) today published the 2017 audited earnings for Auto-Graphics, Inc., an Industry-leading library management software provider and the first to provide Web-based library resource sharing solutions to library consortia.
By publishing their 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, 2017 was $282,154, up $78,085 from the previous year’s net income, with reported net sales of $4,959,845, $202,647 higher than 2016. The full 2017 audited earnings report can be viewed here.
Auto-Graphics continued to fine-tune the capacity of their resource sharing solution, SHAREit®, improving service to end-users by opening collections between different types of libraries, extending patron discovery, and improving access to items that previously had been held in closed information silos. This increased access has had the added benefit of reducing acquisition costs along with costs associated with third-party lenders for SHAREit resource sharing customers, which include public libraries, school or K-12 libraries, special libraries, and college or academic institutions. In fact, one SHAREit customer, Access PA, reported a $1.8M reduction in purchasing costs due to increased resource sharing in 2017. In 2017 Auto-Graphics experienced the largest growth in their resource sharing solution in the past 30 years. The company is also preparing a celebration of providing cloud-based resource-sharing for 25 years, and their continued expansion of SHAREit capabilities makes the company uniquely qualified for any sized state or consortia looking at improving or establishing resource sharing regionally or statewide.
Auto-Graphics’ nearly seven (7) decades of providing solutions to the markets it serves reflects how well the company has listened to their customer base and stayed abreast of new technologies, continuously reinventing their products and services to help libraries become more efficient and patron-centric. In 2018, at PLA (Public Library Association Show in Philadelphia), Auto-Graphics will introduce the next generation of its software platform. Continuing with Auto-Graphics’ long history of customer care, all of our SaaS customers will receive the upgrade to the new platform as part of the continuing SaaS support and maintenance fees.
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 AGent Software 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); VERSO®, an integrated public library system (ILS). RESEARCHit®, a federated search and discovery module; and MONTAGEdc®, a digital collection solution. All products are fully Web and cloud-based, Build to be standards compliant including ISO, NISO and WEB standards, and are available via a Software as a Service (SaaS) subscription. For more information, please visit www.auto-graphics.com. Auto-Graphics is a public company that trades under the stock symbol AIFS.
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© Auto-Graphics, Inc. All rights reserved. VERSO®, SHAREit®, RESEARCHit™, 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