AGent Information Software (AIFS) Publishes 2020 Audited Financials

Rhea-AI Summary

AGent Information Software (AIFS) reported its 2020 year-end financials, showing resilience during the COVID-19 pandemic. The company achieved a net income of $408,667 with an EBITDA margin of 21%. Its recurring revenue grew from $5,030,056 in 2019 to $5,222,595 in 2020. AIFS reported EPS of $0.09, with dividends of $0.03 declared. The company’s SHAREit system was chosen by the State Library of Florida, enhancing its leadership in library resource sharing.

Positive

• Net income of $408,667 for 2020.
• EBITDA of 21% of sales.
• Recurring revenue increased to $5,222,595 from $5,030,056 in 2019.
• EPS reported at $0.09.
• Declared a dividend of $0.03 per share.

Negative

• None.

Recurring revenue base increased from 2019, despite challenges presented by the 2020 COVID-19 pandemic.

RANCHO 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 www.auto-graphics.com, or on Facebook and LinkedIn.

FAQ

What is the net income of AGent Information Software for 2020?

AGent Information Software reported a net income of $408,667 for the year 2020.

What was the EBITDA margin for AIFS in 2020?

The EBITDA margin for AGent Information Software in 2020 was 21% of sales.

How much did recurring revenue increase for AIFS in 2020?

Recurring revenue for AGent Information Software increased from $5,030,056 in 2019 to $5,222,595 in 2020.

What was the earnings per share (EPS) for AIFS in 2020?

The earnings per share (EPS) for AGent Information Software in 2020 was $0.09.

Did AGent Information Software declare any dividends in 2020?

Yes, AGent Information Software declared a dividend of $0.03 per share in June 2020.