Cyngn Inc. (CYN)

NASDAQ: CYN · Real-Time Price · USD
7.76
+0.69 (9.76%)
At close: Feb 21, 2025, 4:00 PM
7.46
-0.30 (-3.86%)
After-hours: Feb 21, 2025, 7:54 PM EST
9.76%
Market Cap 1.11M
Revenue (ttm) 102,118
Net Income (ttm) -22.57M
Shares Out 143.36K
EPS (ttm) n/a
PE Ratio n/a
Forward PE n/a
Dividend n/a
Ex-Dividend Date n/a
Volume 1,696,492
Open 6.97
Previous Close 7.07
Day's Range 6.70 - 9.68
52-Week Range 6.70 - 3,885.00
Beta -1.29
Analysts n/a
Price Target n/a
Earnings Date Mar 5, 2025

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; and 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 continuously enhance algorithms and models,... [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 Deploys Autonomous DriveMod Vehicles Across Multiple Industries

Deployments of Cyngn's DriveMod Tugger and Forklift have now included four key sectors: Manufacturing, Consumer Packaged Goods, Logistics, and Defense Use cases are diverse and highlight adaptability,...

3 days ago - PRNewsWire

Cyngn Announces Reverse Stock Split

MENLO PARK, Calif. , Feb. 13, 2025 /PRNewswire/ -- Cyngn Inc. (the "Company" or "Cyngn") (Nasdaq: CYN) today announced that it will proceed with a 1-for-150 reverse stock split ("Reverse Stock Split")...

9 days ago - PRNewsWire

Cyngn Clears All Outstanding Cashless Warrants from December Capital Raise

MENLO PARK, Calif. , Feb. 12, 2025 /PRNewswire/ -- Today, Cyngn Inc. (NASDAQ: CYN) announced that all outstanding Series B cashless warrants have been fully exercised.

10 days ago - PRNewsWire

Cyngn Signs Contract to Deploy DriveMod Tugger at a Major Consumer Packaged Goods Company

MENLO PARK, Calif. , Jan. 28, 2025 /PRNewswire/ -- Today, Cyngn (Nasdaq: CYN) announced that it will be deploying its DriveMod Tugger  at a major Consumer Packaged Goods (CPG) distribution company.

25 days ago - PRNewsWire

Cyngn Continues Momentum in Automotive Sector with Several DriveMod Tugger Deployments at Major Automotive Brands

MENLO PARK, Calif. , Jan. 23, 2025 /PRNewswire/ -- Cyngn Inc. (Nasdaq: CYN) today announced that it has continued making notable inroads with the automotive manufacturing sector.

4 weeks ago - PRNewsWire

Cyngn Initiates Production Deployment with COATS, a Major North American Automotive Service Equipment Manufacturer

MENLO PARK, Calif. , Jan. 16, 2025 /PRNewswire/ -- Cyngn Inc. (the "Company" or "Cyngn") (Nasdaq: CYN) today announced the initiation of a production deployment with COATS Company , the largest full-l...

5 weeks ago - PRNewsWire

Cyngn Raises $33m in December to Scale Customer Deployments and Fuel Its Growth

Cyngn enters the year with strong momentum, leveraging its latest financing to scale production and deployment of DriveMod Tuggers and advance commercial release of DriveMod Forklifts. MENLO PARK, Cal...

5 weeks ago - PRNewsWire

Cyngn Inc. Announces Closing of $9.0 Million Registered Direct Offering Priced At-The-Market Under Nasdaq Rules

MENLO PARK, Calif. , Dec. 31, 2024 /PRNewswire/ -- Cyngn Inc. (the "Company" or "Cyngn") (Nasdaq: CYN), a developer of AI-powered autonomous driving software solutions for industrial applications, tod...

7 weeks ago - PRNewsWire

Cyngn Inc. Announces Pricing of $9.0 Million Registered Direct Offering Priced At-The-Market

MENLO PARK, Calif. , Dec. 30, 2024 /PRNewswire/ -- Cyngn Inc. (the "Company" or "Cyngn") (Nasdaq: CYN), a developer of AI-powered autonomous driving software solutions for industrial applications, tod...

7 weeks ago - PRNewsWire

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

MENLO PARK, Calif. , Dec. 23, 2024 /PRNewswire/ -- Cyngn Inc. (the "Company" or "Cyngn") (Nasdaq: CYN), a developer of AI-powered autonomous driving software solutions for industrial applications, tod...

2 months ago - PRNewsWire

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...

2 months 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 ...

3 months 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.

3 months 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.

3 months 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.

3 months 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.

4 months 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...

4 months 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.

4 months 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...

4 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.

4 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...

4 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...

4 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...

4 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.

4 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 ...

5 months ago - PRNewsWire