Auto-Graphics, Inc. Announces 2006 Annual Earnings.POMONA, Calif. -- Auto-Graphics, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). : AUGR) (Pink Sheets: AUGR), a technology innovator providing library automation solutions for over 35 years, today reported that operating income Operating Income The profit realized from a business' own operations. Notes: This would not include income from things such as investments in other firms. Also referred to as operating profit or recurring profit. was $337,000 for the year ended December 31, 2006, up $31,000 or 10% from $306,000 for the same period in 2005. This performance represents 20 consecutive quarters in which Auto-Graphics has delivered a positive operating income. Auto-Graphics' net sales Net Sales The amount a seller receives from the buyer after costs associated with the sale are deducted. Notes: This amount is calculated by subtracting the following items from gross sales: merchandise returned for credit, allowances for damaged or missing goods, freight were $5,331,000 for the year ended December 31, 2006, up $181,000 or 3% from $5,150,000 for the same period in 2005 due to an increase in license revenue from new library contracts. Recurring re·cur intr.v. re·curred, re·cur·ring, re·curs 1. To happen, come up, or show up again or repeatedly. 2. To return to one's attention or memory. 3. To return in thought or discourse. subscription and maintenance sales increased $29,000 for the year ended December 31, 2006 over the same period in 2005 due to additional AGent VERSO ver·so n. pl. ver·sos 1. A left-hand page of a book or the reverse side of a leaf, as opposed to the recto. 2. The back of a coin or medal. [TM] sales. License and services sales were up $152,000 due to an increase in implementation and license revenues. Net income was $333,000 for the year ended December 31, 2006, up $22,000 from a net income of $311,000 for the same period in 2005. Basic and diluted earnings per share diluted earnings per share An earnings measure calculated by dividing net income less preferred stock dividends for a period by the average number of shares of common stock that would be outstanding if all convertible securities were converted into shares of was $0.06 per share in 2006 compared to $0.06 and $0.05 per share in 2005, respectively. During the third quarter Auto-Graphics was awarded a statewide contract by the state of Wisconsin. This contract is one of the largest union/virtual hybrid resource sharing systems in the world, incorporating over 1,200 public, academic, school and special libraries throughout the state. The new system was installed and fully functional in December 2006. Additionally, through a competitive bid, Auto-Graphics was awarded a major contract for AGent Search[TM] by a well-known Wall Street mutual fund investment company. AGent Search will provide federated search Federated search is the simultaneous search of multiple online databases and is an emerging feature of automated, Web-based library and information retrieval systems. It is also often referred to as a portal, as opposed to simply a Web-based search engine. functionality to employees worldwide for accessing multiple commercial databases. The award provides further verification that AGent Search is a viable option for any enterprise seeking federated search technology. About Auto-Graphics, Inc. Founded in 1950, Auto-Graphics has been a technology innovator for more than five decades, providing data automation solutions to customers across multiple industries. For the past 35 years, Auto-Graphics has helped libraries of all sizes become more efficient and patron-centric. Its flagship solution, AGent, is one of the most comprehensive library automation platforms available today, allowing libraries of any size to manage, share and search their resources. The AGent integrated product suite - currently used by more than 5,000 libraries in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. - comprises a complete ILS ILS In currencies, this is the abbreviation for the Israeli Shekel. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. system for public libraries; a robust ILL solution for consortial entities and member libraries; and a powerful federated search solution for both public and academic libraries. For more information, please visit www.auto-graphics.com. [c] 2006 Auto-Graphics, Inc. All rights reserved. AGent, AGent VERSO, AGent Resource Sharing and AGent Search are trademarks of Auto-Graphics, Inc. All other trademarks are the property of their respective owners. |
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