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Icons

**Company Overview**

**Name:** Icons (ICONS)

**Industry:** Software and Services

**Headquarters:** New York, NY

**Stock Exchange:** NASDAQ

**Activity**

Icons is a leading provider of cloud-based software solutions for the hospitality industry. Its platform includes property management, guest engagement, and revenue optimization tools.

**Earnings and Growth**

* **Revenue:** $147.6 million in 2022, a 25% increase from 2021

* **Net income:** $15.1 million in 2022, a 40% increase from 2021

* **Earnings per share (EPS):** $0.38 in 2022, a 33% increase from 2021

* **Annual recurring revenue (ARR):** $121.6 million as of December 31, 2022, a 33% increase from December 31, 2021

**Key Metrics**

* **Customer count:** Over 4,000 properties worldwide

* **Average revenue per customer:** $36,000

* **Customer retention rate:** Over 90%

* **Gross profit margin:** 73%

**Growth Drivers**

* **Rising demand for cloud-based hospitality solutions:** Hotels and other hospitality businesses are increasingly adopting cloud-based software to improve efficiency and guest experience.

* **Expansion into new markets:** Icons is expanding its presence in international markets, such as Europe and Asia.

* **Product innovation:** The company is continuously investing in new product features and integrations to enhance its platform.

**Challenges**

* **Competition:** The hospitality software market is highly competitive, with established players such as Oracle and Infor.

* **Economic downturn:** A slowdown in the hospitality industry could impact Icons' growth.

* **Cybersecurity risks:** Cloud-based software solutions can be vulnerable to cybersecurity threats.

**Outlook**

Icons is well-positioned to continue its growth in the coming years. The company's strong customer base, recurring revenue model, and commitment to innovation provide a solid foundation for future success.