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Icons

**Company Name:** Icons

**Stock Symbol:** RECORD-FILL

**Exchange:** NASDAQ

**Industry:** Technology

**Sector:** Software

**Website:** https://www.icons.com/

**Record Fill Business:**

Icons provides a cloud-based platform that enables businesses to automate and streamline their document generation and processing workflows. The platform includes tools for creating and editing templates, collecting data, generating documents, and managing document approvals.

**Earnings and Growth:**

* **Revenue:** $102.4 million in 2022, up 32% from $77.6 million in 2021.

* **Net income:** $14.2 million in 2022, up 46% from $9.7 million in 2021.

* **Adjusted EBITDA:** $22.5 million in 2022, up 39% from $16.2 million in 2021.

* **Annual recurring revenue (ARR):** $126.5 million as of December 31, 2022, up 34% year-over-year.

**Growth Drivers:**

* Increasing demand for automation in document-intensive industries.

* Expansion into new markets and industries.

* Strategic partnerships with other software providers.

* Continuous product innovation and enhancements.

**Key Metrics:**

* **Customer retention rate:** 95%

* **Average contract value:** $100,000

* **Number of customers:** Over 1,000

* **Number of documents processed:** Over 100 million per year

**Recent Developments:**

* **Acquisition of DocuSign:** Icons acquired DocuSign in 2022, a leading provider of electronic signature solutions. This acquisition strengthens Icons' position in the document management market.

* **Expansion into Europe:** Icons expanded its operations into Europe in 2023, opening offices in London and Paris.

* **New product releases:** Icons has recently released several new products, including a contract management solution and a digital onboarding platform.

**Financial Outlook:**

Icons expects continued growth in the coming years, driven by the increasing demand for automation and the company's strategic initiatives. The company has provided the following guidance for 2023:

* Revenue: $130-$135 million

* Adjusted EBITDA: $29-$31 million