- The stock price of Alfi Inc (NASDAQ: ALF) increased by over 50% during intraday trading. This is why it happened.
The stock price of Alfi Inc (NASDAQ: ALF) – an AI enterprise SaaS platform company powering computer vision with machine learning models to allow content publishers and brand owners to deliver interactive, intelligent information without violating user privacy – increased by over 50% during intraday trading. Investors are responding positively to the company announcing that it has entered into an agreement with All-Niter for the fulfillment, staging, and shipment of the first 10,000 digital tablets to Uber and Lyft drivers nationwide.
The digital out-of-home (DOOH) world is transitioning rapidly to impression-based accountability as major advertisers and national brands are demanding more transparency and better accuracy in reporting metrics. And Alfi is known for being ahead of the curve, having already built, tested, and now deploying these advanced platforms in the OOH world globally.
By utilizing Alfi’s technology, rideshare drivers can earn extra income while they drive their customers around. And Alfi optimizes its network of digital tablets to deliver powerful reach, dynamic visuals, and tailored message capability based on age, gender, geography, demographics, brand behavior, and interests all in real-time. Alfi’s computer vision is able to change and run ads remotely to deliver the right content, to the right person, at the right time in a responsible and privacy-compliant manner.
Alfi offers data-rich reporting functionality that informs advertisers that someone viewed their ad, the number of views, and each viewer’s reaction to the ad. And advertisers are demanding improved performance and capabilities from the ad technology they utilize. Plus Alfi delivers for advertisers with analytics, accountability, transparency, proof of engagement, and actual impressions.
KEY QUOTES:
“We invested into Alfi before we even thought that we had an opportunity of working with them. When I saw the technology, I was blown away that this was already here and running. My whole family invested in the IPO. This technology platform is disruptive and revolutionary. We want to be a part of it.”
— Miguel Radillo, VP of All-Niter
“This is only the beginning. We are going to light up every major city in the USA. There is no other choice when it comes to accurate brand targeting and real data reporting. Nobody does this while remaining privacy compliant.” Diaz comments further, noting, “We have a massive operation unfolding in Miami today with hundreds of Ubers and Lyfts installing Alfi tablets. It’s an epic event and marks the start of our nationwide rollout. What’s most rewarding, is we can help rideshare drivers increase their income and help create employment opportunities with community outreach programs for students.”
— Florentino Diaz, Project Manager of Alfi
Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.
