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Icons

**Company Information:**

**Name:** Icons

**Ticker Symbol:** GRID

**Exchange:** Nasdaq Stock Market

**Industry:** Software - Infrastructure

**Grid 3x2 Gap:**

* Grid 3x2 Gap is a software platform that enables organizations to design, deploy, and manage complex applications in a distributed cloud environment.

* It provides a grid-based architecture that allows for horizontal scaling and high availability.

**Financial Performance:**

**Revenue:**

* Q1 2023: $12.2 million (up 22% YoY)

* Full Year 2022: $43.6 million (up 28% YoY)

**Earnings per Share (EPS):**

* Q1 2023: $0.01 (up 100% YoY)

* Full Year 2022: $0.04 (up 50% YoY)

**Growth:**

* Revenue growth has been consistent over the past few years, driven by increasing demand for cloud-based infrastructure solutions.

* The company has a strong customer base, including Fortune 500 companies and government agencies.

**Valuation:**

* Market capitalization: $1.1 billion

* Price-to-sales (P/S) ratio: 25.2x (as of May 12, 2023)

**Other Key Metrics:**

* Annual recurring revenue (ARR): $50.3 million (as of Q1 2023)

* Customer churn rate: <5%

* Net income margin: 10.5% (as of Q1 2023)

**Analyst Ratings:**

* The majority of analysts have a "Buy" or "Overweight" rating on GRID stock.

* The average price target for GRID is $30.00, representing a potential upside of 18% from current levels.

**Risks:**

* Competition from larger cloud providers such as Amazon Web Services (AWS) and Microsoft Azure.

* Dependence on a limited number of large customers.

* Rapidly evolving technology landscape in the cloud infrastructure market.