Vmbook Online ordering
Icons
**Company Overview**
**Name:** file-easel
**Stock Symbol:** FILE
**Exchange:** NASDAQ
**Business Description:**
file-easel is a leading provider of cloud-based document management and collaboration solutions for businesses. Its platform enables users to securely store, share, and collaborate on documents from any device.
**Financial Performance**
**Earnings:**
* Q1 2023: Revenue of $105.6 million, up 15% year-over-year
* Net income of $17.3 million, up 22% year-over-year
**Growth:**
* Annual revenue growth rate of 18% over the past 3 years
* Customer base has grown by 20% in the past year
**Key Metrics:**
* Monthly recurring revenue (MRR): $85 million
* Annual recurring revenue (ARR): $1.02 billion
* Customer retention rate: 95%
**Market Share:**
* Holds a significant market share in the cloud-based document management market
* Competes with industry leaders such as Dropbox, Google Drive, and Microsoft OneDrive
**Investment Highlights:**
* Strong financial performance with consistent revenue and earnings growth
* High customer retention rate indicates a satisfied customer base
* Growing market opportunity in the cloud-based document management space
* Potential for continued growth through product innovation and market expansion
**Risks:**
* Competition from established players in the industry
* Dependence on third-party cloud infrastructure providers
* Security concerns related to cloud-based data storage