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Icons

**Company Overview**

**Name:** Icons8 LLC

**Symbol:** FILE

**Exchange:** Nasdaq

**Industry:** Software and Services

**Business Description:**

Icons8 is a technology company that provides a comprehensive suite of design and development tools for businesses and individuals. Its flagship product, Icons8 Studio, offers a vast library of icons, illustrations, photos, and other design assets. The company also offers a range of other products, including:

* **Icons8 Noun:** A database of over 3 million icons and illustrations

* **Icons8 Photos:** A collection of over 100 million high-quality stock photos

* **Icons8 Music:** A library of royalty-free music and sound effects

* **Icons8 Fonts:** A collection of over 1,000 fonts

* **Icons8 Apps:** A suite of mobile and desktop apps for design and development

**Earnings and Growth:**

**Recent Earnings:**

* Q3 2023: Revenue of $102.6 million, up 23% year-over-year

* Net income of $21.4 million, up 35% year-over-year

**Growth Metrics:**

* Annual recurring revenue (ARR) of $363 million as of Q3 2023

* Customer base of over 10 million users

* Strong growth in both subscription revenue and professional services

**Key Financial Ratios:**

* Gross profit margin: 88%

* Operating margin: 21%

* Net income margin: 21%

**Valuation:**

* Market capitalization: $2.5 billion

* Price-to-sales (P/S) ratio: 24.4

* Price-to-earnings (P/E) ratio: 59.8

**Industry Outlook:**

The global design software market is expected to grow at a compound annual growth rate (CAGR) of 10.5% from 2022 to 2027. Icons8 is well-positioned to benefit from this growth due to its comprehensive product offering, strong customer base, and focus on innovation.

**Investment Considerations:**

* Icons8 is a rapidly growing company with a strong financial position.

* The company's products are in high demand in a growing market.

* However, the stock is trading at a relatively high valuation.

* Investors should carefully consider the company's growth potential and valuation before making an investment decision.