Agent Information Software, Inc. Announces Fourth Quarter 2015 Earnings


ONTARIO, CA. ‐ April 18, 2016 ‐ Agent Information Software, Inc. (AIS),
today reported a net income of $191,058 for the year ended December 31, 2015, up $18,921 or 11.0% over previous year’s net income.  The net income was higher than the beginning of year forecast by $18,279 or 10.6%.  Net sales for the year ended December 31, 2015 were $4,739,109, which met the forecast and were up $234,092 or 5.2% from $4,505,017 for the same period last year, due to the increase of recurring revenues.

For  the  year  ending  December  31,  2015,  the  company continued  to  build  on  its  core  strength  as  well  as  look at new opportunities.  The company continues to focus on delivery of their AGent Library Management Platform via SaaS model.  As an innovator at providing library solutions via SaaS model the company continues to build on their success of SHAREit(TM) and Verso(TM).     

As noted last year, the company was successful with the award of two new SHAREit statewide resource-sharing solutions for South Dakota and Indiana.  These sites have begun the initial implementation phase and will go live in 2016.   The company continues  to  remain  upbeat  as  more  states  have  inquired about the  development  of  resource  sharing  initiatives  that  would  commence  in  late  2016  or  2017.   Clearly, the advantages of the company’s innovative products and its flexibility are key to the interest they are seeing in these new opportunities.  Sales  for  2015  were  up  by  5.2%  overall  from  2014,  with  US  library  sales  of  recurring  revenue  up  7.7%. 

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