RANCHO CUCAMONGA, Calif., Sept. 21, 2020 (GLOBE NEWSWIRE) — The mother or father corporate of Auto-Graphics, Inc., Agent Knowledge Device launched their profits for the second one quarter of 2020, finishing June 30, 2020. Auto-Graphics, Inc., is an industry-leading supplier of library automation instrument. A-G was once the primary to supply Cloud-based library useful resource sharing answers.
AIFS continues to beef up its monetary place because the COVID-19 pandemic continues to comb the rustic. AIFS reported a web source of revenue of $158ok with an EBITDA of $528ok that represented 20.3% of gross sales at quarter finish. The corporate issued a dividend of $0.03 consistent with proportion on June 12th. Money float remained robust into the second one quarter with out a drop in buyer receipts and an greater focal point on prices. AIFS reported EPS of $0.04 on weighted moderate stocks remarkable of four,474,577.
The corporate’s flexible AGent Library Device Platform continues to supply answers that empower libraries throughout North The us, to supply extra services and products to their communities. A-G introduced SHAREit and VERSO methods to a pre-existing MONTAGE buyer, that noticed those different core merchandise providing answers to their methods and workflow. SHAREit is still a problem-solving resolution for states around the nation, Florida is the most recent state to signal with Auto-Graphics and will probably be going reside in Q3 with SHAREit.
About Agent Knowledge Device
In the beginning based in 1950, the corporate supplied services and products to more than a few industries earlier than going public in 1969 as Auto-Graphics, Inc. From there, Agent Knowledge Device, Inc. (AIFS) was once shaped in 2010 with Auto-Graphics, Inc. as an entirely owned subsidiary. A-G develops data and information control answers which are standards-compliant. The corporate continues to innovate and evolve the goods thru its program of offering ongoing gadget updates and upgrades to all shoppers by the use of our Device as a Carrier (SaaS) subscription/supply fashion. The corporate’s technical ingenuity and popularity for very good carrier makes them a depended on useful resource to greater than 6,000 libraries right through North The us. Consumers throughout a couple of industries use the AGent Library Control Platform. A-G’s number one focal point is to supply services and products to a large vary of libraries corresponding to statewide methods, public, instructional, faculty, particular, and consortia. For more info, please seek advice from www.agentinformationsoftware.com or www.auto-graphics.com.
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Media Touch: Katie Duvet