Auto-Graphics, Inc. Announces Second Quarter 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 $12,000 for the quarter ended June 30, 2007 down $43,000 from $55,000 for the same period in 2006. This performance represents 22 consecutive quarters in which Auto-Graphics has delivered a positive operating income. Operating income for the six months ended June 30, 2007 was $90,000 down $20,000 from $110,000 for the same period in 2006. Operating income declined due to higher recruiting expenses, additional software development costs to add significant new functionality to the Company's integrated library system An integrated library system, or ILS, is an enterprise resource planning system for a library, used to track items owned, orders made, bills paid, and patrons who have borrowed. , 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] and additional marketing expenses related to the introduction of the new version of AGent VERSO (see below). 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 $1,312,000 for the quarter ended June 30, 2007 up $24,000 or 2% from $1,289,000 for the same period in 2006 due to an increase in revenue from new library contracts. Net sales for the six months ended June 30, 2007 was $2,654,000 up $93,000 or 4% from $2,560,000 in 2006 due to an increase in implementation and license fees. Net income was $12,000 for the quarter ended June 30, 2007 down $41,000 from a net income of $53,000 for the same period in 2006. 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 $0.00 per share in 2007 compared to $0.01 per share in 2006, respectively. Net income for the six months ended June 30, 2007 was $94,000 down $12,000 from $106,000 for the same period in 2006. Basic and diluted earnings per share was $0.02 per share in 2007 and 2006, respectively. The company continues to see solid growth with its AGent[TM] library automation platform. At a major library trade show in June, the Company introduced the new version of AGent VERSO (3.0), its integrated library system, which includes a newly redesigned user interface, a clustered search engine, faceted results display, instant messaging Exchanging text messages in real time between two or more people logged into a particular instant messaging (IM) service. Instant messaging is more interactive than e-mail because messages are sent immediately, whereas e-mail messages can be queued up in a mail server for seconds or , RSS feeds and e-commerce functionality. AGent VERSO was awarded a variety of contracts in the second quarter including Pottawatomie-Wabaunsee regional library system (MI), Otero Junior College (CO) and Ashland Unified School District A unified school district is a school district which includes both primary school (kindergarten through middle school or junior high) and high school (grades 9-12). In Illinois, these districts are called unit school districts. (KS). These customer wins are representative of consistent sales growth for AGent VERSO in all of the Company's target library market segments. Heartland Area Schools consortium also selected AGent Resource Sharing[TM], Auto-Graphics' interlibrary in·ter·li·brar·y adj. Existing or occurring between or involving two or more libraries: an interlibrary loan; an interlibrary network. loan (ILL) and consortial borrowing solution, to provide interlibrary loan for 154 K-12 schools. In addition, two of the consortium's school districts, Des Moines Des Moines, city, United States Des Moines (dĭ moin`), city (1990 pop. 193,187), state capital and seat of Polk co., S central Iowa, at the junction of the Des Moines and Raccoon rivers; inc. and Southeast Polk also selected record enrichment services. The New Jersey State Library, an existing customer, has elected to upgrade their existing statewide solutions with one of Auto-Graphics' newest services: geolocation IP authentication. Through this technology, state residents will have instant online access to a 24x7 question and answer resource provided to them through The New Jersey State Library. 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[TM], 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 - comprises AGent VERSO[TM], 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; AGent Resource Sharing[TM], a robust Interlibrary Loan solution for consortial entities and member libraries; and AGent Search[TM], a powerful federated search solution for both public and academic libraries. For more information, please visit www.auto-graphics.com. (c) 2007 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. |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion