Why Did ALFI Shares Gain Ground Tuesday?

ALFI Inc ALF has launched intelligent tablets directly to drivers who opted into a rideshare program in 13 significant additional markets as planned.

The initiative marks the ramp-up of Alfi revenues and partnership with independently contracted Uber Technologies UBER and Lyft Inc LYFT drivers in Miami, Florida, providing an additional revenue stream while enhancing the passenger experience at no cost.

Advertisers will gain insight into the inaccessible audiences that are no longer inside their homes and update tailored messaging in campaigns via ALFI technology.

The direct distribution of tablets will help it accomplish an installed base of 30,000 by 2021 and over 150,000 tablets by 2022.

ALF Price Action: ALF shares gained 40.64% to $10.14 in Tuesday's session.