Cyngn Inc. (CYN)

NASDAQ: CYN · Real-Time Price · USD
0.469
-1.141 (-70.88%)
At close: Dec 20, 2024, 4:00 PM
0.509
+0.040 (8.55%)
After-hours: Dec 20, 2024, 7:59 PM EST
-70.88%
Market Cap 1.14M
Revenue (ttm) 102,118
Net Income (ttm) -22.57M
Shares Out 2.43M
EPS (ttm) -21.89
PE Ratio n/a
Forward PE n/a
Dividend n/a
Ex-Dividend Date n/a
Volume 27,343,323
Open 0.370
Previous Close 1.610
Day's Range 0.351 - 0.489
52-Week Range 0.351 - 31.500
Beta -1.48
Analysts n/a
Price Target n/a
Earnings Date Nov 6, 2024

About CYN

Cyngn Inc., an autonomous vehicle (AV) technology company, develops autonomous driving software. The company develops Enterprise Autonomy Suite, which consists of DriveMod, a modular industrial vehicle autonomous driving software; Cyngn Insight, a customer-facing tool suite for monitoring and managing AV fleets and generating/aggregating/analyzing data. It also develops Cyngn Evolve, an internal tool suite and infrastructure that facilitates artificial intelligence and machine learning training to enhance algorithms and models, and provides a s... [Read more]

Sector Technology
IPO Date Oct 20, 2021
Employees 81
Stock Exchange NASDAQ
Ticker Symbol CYN
Full Company Profile

Financial Performance

In 2023, Cyngn's revenue was $1.49 million, an increase of 468.44% compared to the previous year's $262,000. Losses were -$22.81 million, 18.6% more than in 2022.

Financial Statements

News

Cyngn Announces Pricing of $20.0 Million Follow On Offering Priced At-the-Market

MENLO PARK, Calif. , Dec. 20, 2024 /PRNewswire/ -- Cyngn Inc. (the "Company" or "Cyngn") (Nasdaq: CYN), a developer of AI-powered autonomous driving software solutions for industrial applications, tod...

23 hours ago - PRNewsWire

Aegis Capital Corp. acted as Exclusive Placement Agent on a $3.5 Million Private Placement for Cyngn Inc. (NASDAQ: CYN)

NEW YORK, NY / ACCESSWIRE / November 14, 2024 / Aegis Capital Corp. acted as Exclusive Placement Agent on a $3.5 Million Private Placement for Cyngn Inc. (NASDAQ:CYN). About Cyngn Inc. Cyngn develops ...

5 weeks ago - Accesswire

Cyngn Highlights Its Proprietary Computer Vision Advancements with NVIDIA Accelerated Computing

Cyngn has announced progress of its proprietary computer vision (CV) technology for industrial autonomous machines, built on NVIDIA accelerated computing. MENLO PARK, Calif.

6 weeks ago - PRNewsWire

Cyngn Reports Third Quarter 2024 Financial Results

Recent Operating Highlights: Executed its first paid DriveMod Forklift Deployment . Signed a commercial contract with a major automotive service equipment manufacturer.

6 weeks ago - PRNewsWire

Cyngn Hires Experienced Industrial Automation VP of Sales, Marty Petraitis, to Accelerate Revenue

MENLO PARK, Calif. , Nov. 4, 2024 /PRNewswire/ -- Today, Cyngn Inc. (Nasdaq: CYN) announced that Marty Petraitis is joining Cyngn as Vice President of Sales.

6 weeks ago - PRNewsWire

Cyngn Successfully Completes Initial Deployment of DriveMod Tugger with Major Defense Contractor

MENLO PARK, Calif. , Nov. 1, 2024 /PRNewswire/ -- Today, Cyngn Inc. (Nasdaq: CYN) announced that it successfully deployed its DriveMod Tugger at a defense contractor's facility.

7 weeks ago - PRNewsWire

Cyngn Executes Letter of Intent to Sell Multiple DriveMod Tuggers to Major Automotive Supplier

MENLO PARK, Calif. , Oct. 31, 2024 /PRNewswire/ -- Today, Cyngn announced that it has received a signed Letter of Intent (LOI) from a major automotive supplier to sell and deploy multiple DriveMod Tug...

7 weeks ago - PRNewsWire

Cyngn Announces Date for Third Quarter 2024 Financial Results and Withdrawal of Reg A Filing

Cyngn will announce its fiscal third quarter 2024 financial results for the period ended September 30, 2024, on Wednesday, November 6, 2024 and has withdrawn its Reg A Filing. MENLO PARK, Calif.

7 weeks ago - PRNewsWire

Kennedy Robotics AI Joins Cyngn's Dealer Network and Will Begin Selling DriveMod Tuggers

MENLO PARK, Calif. , Oct. 25, 2024 /PRNewswire/ -- Cyngn Inc. (Nasdaq: CYN) today announced the expansion of its dealer network to include Kennedy Robotics AI, a provider of innovative autonomous robo...

2 months ago - PRNewsWire

Cyngn's Drive for Commercialization and Technical Innovation Continues

In recent weeks, Cyngn —  Executed its first paid DriveMod Forklift Deployment. Started deploying its next-gen 12,000 lb.

2 months ago - PRNewsWire

Cyngn Completes First Paid DriveMod Forklift Deployment at Customer Facility

MENLO PARK, Calif. , Oct. 21 ,2024 /PRNewswire/ -- Today, Cyngn announced that its autonomous DriveMod Forklift has completed its first paid autonomous deployment at a customer facility, marking an im...

2 months ago - PRNewsWire

Cyngn's Next-Gen 12,000 lb. DriveMod Tugger Deploying With Customers, Including Commercial Contract With Major Automotive Equipment Manufacturer

MENLO PARK, Calif. , Oct. 17, 2024 /PRNewswire/ -- Cyngn Inc. (the "Company" or "Cyngn") (Nasdaq: CYN) today announced a commercial deployment of its next-generation DriveMod Tugger , featuring a rece...

2 months ago - PRNewsWire

Cyngn Secures its 21st U.S. Patent: System and Methods of Adaptive Object-based Decision Making for Autonomous Driving

Since August 2023, Cyngn has been granted eleven additional patents, bringing the total U.S. patents granted to 21. Patent 21 enhances Cyngn's autonomous vehicles' capability to make informed decision...

2 months ago - PRNewsWire

Cyngn Announces Raymond West, a Leading Dealer with $800M+ in Annual Sales, Will Begin Selling DriveMod Tuggers

MENLO PARK, Calif. , Oct. 15, 2024 /PRNewswire/ -- Cyngn Inc. (Nasdaq: CYN) today announced the expansion of its dealer network to include Raymond West.

2 months ago - PRNewsWire

Next-Gen 12,000 lb DriveMod Tugger Built at Motrec Facility To Prepare For Customer Orders

MENLO PARK, Calif. , Sept. 24, 2024 /PRNewswire/ -- Cyngn Inc. (the "Company" or "Cyngn") (Nasdaq: CYN) Cyngn today announced the first build of the next-generation 12,000 lb DriveMod Tugger has been ...

3 months ago - PRNewsWire

Cyngn Expanding DriveMod Capabilities to Outdoor Operations In Response to Increased Demand

MENLO PARK, Calif. , Sept. 10, 2024 /PRNewswire/ -- Cyngn Inc. (the "Company" or "Cyngn") (Nasdaq: CYN) today announced that its AI-powered autonomous driving solution, DriveMod, will be able to opera...

3 months ago - PRNewsWire

Cyngn Secures its 20th U.S. Patent: Adaptive Motion Compensation of Perception Channels

MENLO PARK, Calif. , Sept. 4, 2024 /PRNewswire/ -- Cyngn Inc. (the "Company" or "Cyngn") (Nasdaq: CYN) today announced the official granting of a new patent, U.S. Patent No.

3 months ago - PRNewsWire

Cyngn Reports Second Quarter 2024 Financial Results

Recent Operating Highlights: Joined John Deere supply base Rolled out partnership with RobotLAB, adding the autonomous DriveMod Tugger vehicles to its portfolio of 200+ robots Received a notice of all...

4 months ago - PRNewsWire

Cyngn Regains Nasdaq Compliance and Confirms No Increase in Authorized Shares

MENLO PARK, Calif. , July 22, 2024 /PRNewswire/ -- Cyngn Inc. (Nasdaq: CYN) (or the "Company") announced today that it has received a notice from Nasdaq confirming that the Company has regained compli...

5 months ago - PRNewsWire

With more than $1bn in annual sales, Alta Equipment Group joins Cyngn's Dealer Network

MENLO PARK, Calif. , July 11, 2024 /PRNewswire/ -- Cyngn Inc. (Nasdaq: CYN) today announced the expansion of its dealer network to include Alta Equipment Group.

5 months ago - PRNewsWire

Cyngn Receives Notice of Allowance for 21st U.S. Patent for its Adaptive Object-based Decision Making System

MENLO PARK, Calif. , July 9, 2024 /PRNewswire/ -- Cyngn Inc. (the "Company" or "Cyngn") (Nasdaq: CYN) today announced the notice of allowance for a new patent for the Company's autonomous vehicle (AV)...

5 months ago - PRNewsWire

Cyngn Announces Reverse Stock Split

MENLO PARK, Calif. , July 2, 2024 /PRNewswire/ -- Cyngn Inc. (the "Company" or "Cyngn") (Nasdaq: CYN) today announced that it will proceed with a 1-for-100 reverse stock split ("Reverse Stock Split") ...

6 months ago - PRNewsWire

Shareholder Letter from Lior Tal, CEO at Cyngn Inc.

MENLO PARK, Calif. , May 31, 2024 /PRNewswire/ -- Cyngn Inc. (the "Company" or "Cyngn") (Nasdaq: CYN) issued a letter from the CEO — Dear Cyngn Shareholders: As most of you are aware, our annual share...

7 months ago - PRNewsWire

Cyngn Scales Up Commercialization of Autonomous Vehicle Solutions in First Quarter 2024

Joined John Deere supply base and chosen to deploy DriveMod Tuggers to Dubuque, IA operation. Renewed contract with US Continental , unveiling a study that found Cyngn's autonomous vehicles yielded 4x...

7 months ago - PRNewsWire

RobotLAB Broadens Warehouse & Manufacturing Catalog With Cyngn Partnership

DALLAS--(BUSINESS WIRE)--Leading robotics integrator RobotLAB announces partnership with Cyngn Inc.

7 months ago - Business Wire