ICON — Stock Film
STOCK FILMSCENE 1/11ICON · $0.92
Stock Expert AI presents
ICON
Icon Energy Corp
~5 min film100% real numbersplain English
WHAT DOES THIS COMPANY DO?
Icon Energy Corp. What it actually does.

Provides seaborne transportation services for dry bulk cargoes. Operates a fleet of Panamax and Kamsarmax dry bulk vessels. Now — the numbers.

on the stock market since 2024
1,000 employees
$366K market value
WHERE DOES THE MONEY COME FROM?
71%Wholesale License
Wholesale LicenseDirect to Retail License 29%
71% of all revenue comes from a single line: Wholesale License.

That much dependence is a risk in itself: if this one line weakens, the whole company feels it directly.

Revenue last year:
$11.3M
The loss that same year:
$4.2M
For every $1 it earns, the company spends $1.4.

The company is still in the product-building phase: its spending runs above its sales. That only changes once the product starts selling at scale.

THE SALES TREND
Sales are growing overall, with a pause along the way.

Average growth of 17% a year over the last 4 years. Red columns mark years that ended in a loss.

$6M
2021
2022
2023
2024
$11.3M
2025
In the vault right now:
$3.9M
DEBT: $34.8M
At this pace, that money lasts less than a year.

Before the clock runs out, either sales must climb sharply or new money must come in. This is the most critical line in the whole picture.

INSIDE THE REPORT CARD

We compared this company with its own sector across five subjects.

A score of 50 means class average.

BUSINESS QUALITY
30
very weak

Clearly below the class average.

FINANCIAL STRENGTH
11
very weak

Clearly below the class average.

VALUATION
55
average

The price isn’t cheap next to earnings — that’s why this grade sits in the middle.

GROWTH
59
average

There is growth, but not at top-of-the-class tempo.

PRICE MOMENTUM
16
very weak

Clearly below the class average.

WORTH WATCHING

Financial Strength: The cash-and-debt balance is thin; the buffer for hard times is slim.

Price Momentum: The stock has lagged the market in recent months; investor interest is weak right now.

THE FIVE-YEAR JOURNEY
A long and steep decline.

An investor who bought at the very peak is down 100% today. The business is the same; what changed most is the price — and the expectations — the market pins on it.

1
THE BRIGHT SIDE · 1/2
Sales keep climbing

Over the last 4 years, sales grew about 17% a year on average.

2
THE BRIGHT SIDE · 2/2
The product is selling

Sales run at $11.3M a year. A small number, but proof the product has real buyers.

1
THE RISKS · 1/3
Small sales, big loss

A loss of $4.2M against $11.3M in annual sales.

2
THE RISKS · 2/3
Trading under $1

The stock sits at $0.92. Under exchange rules, stocks that stay below $1 for too long risk being removed from the market.

3
THE RISKS · 3/3
A wildly swinging price

This stock swings about 5.6 times as much as the market average. Big rallies — and big drops — can both happen fast.

FINALE · THE GRADE
grade pending

No score published: this stock trades under $10,000 on a typical day, so the price beside it is not one you could reliably act on.

One-line summary: few numbers, an untested story. Keep watching.

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This was a film — not investment advice.
Data: FMP & company filings
Sep 11, 2026 · stockexpertai.com · Stock Film