Business
Pennexx Foods, Inc. ($PNNX) Announces Strategic Transformation to Software-as-a-Service Company, Reports Growing Recurring Revenue in Q1 2026
Pennexx Foods, Inc. ($PNNX) Announces Strategic Transformation to Software-as-a-Service Company, Reports Growing Recurring Revenue in Q1 2026.
About this update from Pennexx Foods, Inc.
[{"type":"text","content":"Philadelphia, PA — March 30, 2026 — Pennexx Foods, Inc. (OTC: PNNX) today announced a significant strategic transformation, marking 2025 as the year the company formally evolved from its legacy YSO Your Social Offers couponing platform into a diversified Software-as-a-Service (SaaS) provider. This shift is already showing measurable results, with committed and collected monthly recurring revenue reaching approximately $9,500 in the first quarter of 2026.A Pivotal Shift in StrategyIn 2025, Pennexx made a decision to broaden its technology offerings beyond digital couponing, investing in the development and commercialization of a growing portfolio of SaaS products. New client commitments began generating monthly revenue in December 2025, and that momentum has continued to build into 2026.While the company acknowledges that current revenue remains in its early stages relative to overall expenditures, management believes this transition establishes a clear and scalable path toward operational growth — driven by multiple products, recurring revenue streams, and an expanding client base.Vincent Risalvato, CEO of Pennexx, stated: \"2025 marked a pivotal transformation for Pennexx. We made the decision to evolve beyond our legacy couponing platform into a broader Software-as-a-Service company. While still early, the growth in recurring revenue we've seen in the first quarter of 2026 validates that this transition is working and provides a clear path toward sustainable, scalable growth.\"New Website Launched: www.pnnx.techAs part of this transformation, Pennexx has launched a new corporate website at www.pnnx.tech, offering the public a glimpse at some of the company's product portfolio, some currently generating revenue and some still under development. The site features product descriptions, screenshots, and videos showcasing those offerings.Annual Report Filed & OTC Markets Profile UpdatedPennexx has filed its Annual Report for fiscal year 2025, formally confirming its reported revenues. The company has also submitted an updated company profile to OTC Markets, which will be published upon approval. The updated profile details the company's evolution into a broad-based SaaS provider, highlights its facilities — including its datacenter and AI technology infrastructure — and presents a portfolio of 20 products across multiple c...