AGent Information Software (AIFS) Publishes 2021 Second Quarter Financials

Rhea-AI Summary

Agent Information Software (AIFS), the parent company of Auto-Graphics, has announced its second quarter 2021 financial results. AIFS reported a net income of $218,399, reflecting an increase of $60,000 compared to the same period in 2020. The earnings per share (EPS) stood at $0.05 with a weighted average of 4,494,577 shares outstanding. Despite minimal year-to-date sales change, AIFS maintains a positive outlook with strong cash flow projections for the second half of 2021. Auto-Graphics continues to adapt its services to support libraries during the COVID-19 pandemic.

Positive

• Net income increased by $60,000 year-over-year, reaching $218,399.
• Earnings per share (EPS) of $0.05 with 4,494,577 shares outstanding.
• Strong cash flow projections for the second half of 2021, suggesting a healthy financial position.

Negative

• None.

RANCHO CUCAMONGA, Calif., Oct. 05, 2021 (GLOBE NEWSWIRE) -- Agent Information Software (AIFS), the parent company of Auto-Graphics, Inc. (A-G), has released second quarter 2021 financials. 

With little change in YTD sales between 2020 and 2021, along with a strong focus on controlling costs, AIFS reported a growth in net income to $218,399, a $60,000 increase from the same period in 2020. AIFS reported EPS of $0.05 on weighted average shares outstanding of 4,494,577.

Cash flow projections continue to show a strong second half of 2021, with a healthy position at year end.

Auto-Graphics has continued to evolve and address unique demands from libraries in light of the COVID-19 pandemic. By adapting smart workflows and implementing more automated functionality to its products, they have been able to assist libraries in maintaining daily administration and serving their communities with minimal interruption.

Auto-Graphics, Inc. has been an industry leader in library management and resource sharing software for over 50 years. 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 their website at www.auto-graphics.com, or on Facebook and LinkedIn.

FAQ

What are the latest financial results for AIFS?

AIFS reported a net income of $218,399 in Q2 2021, an increase of $60,000 from the same period in 2020.

What is the earnings per share for AIFS in the second quarter of 2021?

The earnings per share (EPS) for AIFS in Q2 2021 is $0.05.

What is the outlook for AIFS after the second quarter of 2021?

AIFS has positive cash flow projections and expects a strong second half of 2021.

How has Auto-Graphics adapted during the COVID-19 pandemic?

Auto-Graphics has evolved its services and implemented automated functionality to assist libraries in managing operations during the pandemic.