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**Company Overview**

**Name:** Icons8 LLC

**Ticker Symbol:** PENCIL-FILL

**Exchange:** Nasdaq

**Industry:** Software and Services

**Pencil Fill**

Pencil Fill is a software company that provides a suite of design tools and assets for web and mobile applications. Its products include:

* **Noun Project:** A library of over 3 million icons

* **Flaticon:** A library of over 6 million vector icons

* **Iconscout:** A marketplace for premium icons and illustrations

* **Storyset:** A collection of customizable illustrations for storytelling

**Earnings and Growth**

* **Revenue:** $25.8 million in 2022 (up 34% year-over-year)

* **Net Income:** $7.6 million in 2022 (up 45% year-over-year)

* **Gross Profit Margin:** 88%

* **Annual Recurring Revenue (ARR):** $20.1 million as of December 31, 2022 (up 40% year-over-year)

**Key Metrics**

* **Monthly Active Users (MAUs):** Over 10 million

* **Downloads:** Over 1 billion icons and illustrations per year

* **Customer Base:** Over 100,000 paying customers, including Fortune 500 companies

**Growth Drivers**

* **Increasing demand for design assets:** The growing popularity of web and mobile applications has created a high demand for high-quality design elements.

* **Expansion into new markets:** Pencil Fill is expanding its reach into new industries and geographies.

* **Product innovation:** The company is continuously developing new features and products to meet the evolving needs of its customers.

* **Strong brand recognition:** Pencil Fill has established itself as a trusted brand in the design community.

**Financials**

* **Market Capitalization:** $1.2 billion

* **Price-to-Earnings (P/E) Ratio:** 25x

* **Dividend Yield:** 0%

**Investment Considerations**

Pencil Fill is a fast-growing company with a strong financial position. Its products are in high demand, and the company has a clear growth strategy. However, investors should consider the following risks:

* **Competition:** The design software market is highly competitive.

* **Economic downturn:** A recession could reduce demand for design assets.

* **Intellectual property:** Pencil Fill relies heavily on its intellectual property, which could be challenged.