IMTL
shares are sitting right in the sweet spot in a MACD bullish divergence setup. Volume has been off the charts in recent action as the company hits the wires with a series of very significant announcements, including truly explosive growth in image uploads and submissions for its Fotofy.com in-image ad network segment. Ultimately, this is a nascent growth story with some strong accomplishments in play since the Fotofy launch in August:
- Launched digital analytics dashboard for image owners to track use and sharing
- Installed and deployed top-down central analytics facility for management of network
- Negotiated back-end ad placement with top digital ad firm
- Finished development work on proprietary programmatic ad exchange
The data on image submissions, uploads, and image sharing demonstrate extremely robust and accelerating growth:
- Sep month/month growth in images submitted onto the Fotofy platform: 200%
- Oct month/month growth in images submitted onto the Fotofy platform: 3,840%
Management also notes that the Company has set two primary near-term goals: 1. Upload the first one million images to Fotofy, and 2. Generate a run rate of over one million sharing events per month. Once those goals have been achieved, the Fotofy Ad Network will become a significant factor in driving near-term revenue growth.