IDENTILLECT TECHNO COM NPV (OTCMKTS:IDTLF) is a penny stock that has started to draw a lot of eyeballs of late as shares rally sharply higher off a double bottom around the nickel level. The movement has just started to pick up some real volume, so we thought it was a good time to have a closer look. The company’s most recent key catalyst was its announcement that it has continued to experience significant subscriber growth during 2017.
According to the release, IDTLF attributes its growth primarily to its solution’s ease of use and robust infrastructure, along with its continuous advancements. As management notes, “this has led to greater adoption of its Delivery Trust™ email encryption solution by new, and ever larger, organizations. The company’s growth rate during its second quarter of 2017 has increased by 11.09% over its first quarter’s growth rate. During the first six months of 2017, IDTLF subscriber base has grown 24.81% from that at December 31, 2016. The company continues to expand its reseller relationships and technology alliances which will continue to drive growth throughout 2017.”
IDENTILLECT TECHNO COM NPV (OTCMKTS:IDTLF) describes itself as a company with proprietary e-mail encryption technology. According to management, the company’s strategy is to target organizations of all sizes, and sell to medical professionals on a monthly subscription basis.
The company’s Delivery Trust is a trusted email security platform which provides businesses of all sizes with the most effective and economical way to protect its client’s personal information and comply with increased regulatory requirements.
Delivery Trust can be accessed by medical professionals on a vast array of electronic communication devices. All messages and their attachments are secured with patented, state-of-the-art encryption technology while providing complete control of the message with the click of a button, ensuring safety and control while in transit.
According to company materials, “IDTLF is the leading provider of email encryption service Delivery Trust, empowering enterprises of all sizes to protect their business and their client’s critical information against cyber security attacks. Delivery Trust is an award winning, multi-platform plug-in, which gives users complete control of their emails, for one low price, one simple integration, complies with all regulations and most importantly provides peace of mind.”
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As noted above, IDTLF shares have really just started to get on the radar for OTC traders, but the action has been red hot, with the stock up nearly 100% in just the past few days, albeit on a relatively tape. The main push came from the company’s announcement on a continued fast pace of subscriber growth.
“The company continues to expand its user base as cyber security threats plague businesses across the United States and abroad. With the expansion of our reseller program and the size of the organizations we service, Identillect anticipates continued growth through 2017,” stated Todd Sexton CEO. “We are very pleased with the success of our recently announced warrant incentive program and have already began deploying funds to accelerate the Company’s existing successful growth strategy. We expect these sales and marketing initiatives will result in new market expansion, along with an extended product portfolio to meet the diverse security needs of the various market segments.”
We’ve witnessed 55% piled on for shareholders of the listing during the trailing week. The situation may be worth watching. IDTLF has a track record that includes a number of dramatic bounces. In addition, the company has benefitted from a jump in recent trading volume to the tune of 126% beyond its prior sustained average level.
At this time, carrying a capital value in the market of $4.78M, IDTLF has a bankroll ($640K) of cash on the books, which compares with about $217K in total current liabilities. IDTLF is pulling in trailing 12-month revenues of $898K. In addition, the company is seeing major top line growth, with y/y quarterly revenues growing at 24.9%. As more color becomes clear on the name, we will review the situation and update our take. For continuing coverage on shares of $IDTLF stock, as well as our other hot stock picks, sign up for our free newsletter today and get our next hot stock pick!
Disclosure: we hold no position in $IDTLF, either long or short, and we have not been compensated for this article.