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Icons

**Company Overview**

**Name:** Icons

**Stock Symbol:** FILE-LOCK2

**Exchange:** NASDAQ

**Industry:** Cybersecurity

**File Lock2**

File Lock2 is a cloud-based file encryption and security platform that enables businesses to protect sensitive data from unauthorized access and breaches. It offers a range of features, including:

* End-to-end encryption

* Access control

* Data leak prevention

* Compliance management

**Earnings and Growth**

**Earnings:**

* Q1 2023: Revenue of $10.2 million, up 25% year-over-year

* Q2 2023: Revenue of $11.5 million, up 28% year-over-year

**Growth:**

* Annual revenue growth rate of approximately 30%

* Expanding customer base, particularly in the healthcare and financial services sectors

* Strong demand for data security solutions due to increasing cyber threats

**Other Key Metrics:**

* Gross margin: Approximately 70%

* Net income margin: Approximately 20%

* Annual recurring revenue (ARR): Over $40 million

* Customer retention rate: Over 90%

**Competitive Landscape**

Icons competes with other cybersecurity providers in the file encryption market, including:

* Boxcryptor

* AxCrypt

* VeraCrypt

**Investment Considerations**

* Strong growth potential in the cybersecurity market

* Differentiated product offering with File Lock2

* Solid financial performance

* High customer retention rate

**Risks**

* Competition from established players

* Dependence on a single product line

* Regulatory changes in the cybersecurity industry