The 2012 financial year represented a third consecutive year of sustainability for PLOS. Gross revenue grew 57% to $38.8 million (2011: $24.7 million), of which the increase in net assets was $7.15 million (2011: $3.95 million). PLOS’s expenses grew by 52% to $31.6 million (2011: $20.8 million), not least because of the increase in resources required to support the more than 26,000 articles published by the journals in 2012. This represents a 62% increase (2011: more than 16,000 articles); the total number of articles published by PLOS through 2012 was more than 68,000. PLOS continued to invest in infrastructure and innovation to transform and accelerate the publishing process, for example:
Improving publication speed:
PLOS is continuing to work on new software to automate the conversion of the manuscripts it receives into web and PDF formats. PLOS progressed a new system to improve the accuracy with which it matches Academic Editors to submissions, which also helps to speed up the publishing process.
PLOS developed a custom taxonomy system that improves its search results, providing users with a greater number of more relevant results for their query. This was part of a wider redesign of the journal websites, which also improved site navigation and provided a more flexible platform from which to build out future innovations.
For the fourth consecutive year, PLOS has not raised publication fees. It continues to support those who are unable to pay all or part of their publication fees, with assistance in 2012 totaling $3.8 million in waivers to authors (2011: $2.2 million) and institutional assistance of $0.5 million (2011: $0.3 million). As part of this, PLOS created the Global Participation Initiative in 2012. This program assists authors from low- and middle-income countries.
Audited Financial Statements
Governance Documents (all new)