CYNGN

CYNGN, Inc. engages in the development of autonomous driving software that can be deployed on multiple vehicle types in various environments. The company was founded by Kirt McMaster and Steve Kondik on February 1, 2013 and is headquartered in Menlo Park, CA.

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Cyngn, Inc. engages in the development of autonomous driving software that can be deployed on multiple vehicle types in various environments. The company was founded by Kirt McMaster and Steve Kondik on February 1, 2013 and is headquartered in Menlo Park, CA.

Since August 2023, Cyngn has been granted four additional patents, bringing total US patents granted to 14 MENLO PARK, Calif. , Sept. 14, 2023 /PRNewswire/ --  Cyngn Inc.  (the "Company" or "Cyngn") (Nasdaq: CYN), a developer of AI-powered autonomous driving solutions for industrial applications, today announced the issuance of four new patents granted by the United States Patent and Trademark Office (USPTO) for its autonomous vehicle technologies.

Cyngn Secures Four New Patents for its AI-Powered Autonomous Vehicle Technologies

Arauco's first innovative deployment site identified in Bennettsville, SC for Cyngn's DriveMod Forklifts to initiate global multi-factory rollout Cyngn's autonomous DriveMod Forklifts aim to enhance Arauco's operational efficiency and safety MENLO PARK, Calif. , Aug. 23, 2023 /PRNewswire/ --  Cyngn Inc.  (Nasdaq: CYN), a developer of AI-powered autonomous driving solutions for industrial applications, and Arauco , a global sustainable forestry products, pulp, and engineered wood supplier to the furniture and construction industries, today announced the plan to deploy Cyngn's first DriveMod Forklifts to Arauco's Bennettsville, South Carolina facility.

Arauco and Cyngn Select South Carolina Facility to Spearhead Electrification and Automation Rollout

Ouster, Inc

Cyngn uses Ouster's REV7 lidar sensors to maximize DriveMod's self-driving capabilities and detect pallet stack attributes MENLO PARK, Calif. , Aug. 22, 2023 /PRNewswire/ -- Cyngn Inc. (the "Company" or "Cyngn") (Nasdaq: CYN), a developer of AI-powered autonomous driving solutions for industrial applications, recently secured a pre-order of 100 DriveMod Forklifts from Arauco , a global provider of sustainable forestry products.

Cyngn's Proprietary Computer Vision Achieves Arauco's Complex Application Requirements by Utilizing Ouster Lidar in a Multi-Sensor System

MENLO PARK, Calif. , Aug. 21, 2023 /PRNewswire/ --  Cyngn Inc.  (the "Company" or "Cyngn") (Nasdaq: CYN), a developer of AI-powered autonomous driving solutions for industrial applications, today announced that it will present virtually at the upcoming HC Wainwright Global Investment Conference on Monday, September 11, 2023.

Cyngn To Present at the HC Wainwright 25th Annual Global Investment Conference on September 11, 2023

MENLO PARK, Calif. , Aug. 18, 2023 /PRNewswire/ -- Cyngn Inc.  (the "Company" or "Cyngn") (Nasdaq: CYN), a developer of AI-powered autonomous driving solutions for industrial applications, today announced that it will present virtually at the upcoming Emerging Growth Conference on Wednesday, September 6, 2023 at 12 p.m.

Cyngn To Present at the Emerging Growth Conference on September 6, 2023

Deal signed with Fortune 100 heavy machinery and agriculture equipment company for DriveMod Stockchaser Deployment Partnership with BYD to develop autonomous DriveMod Forklifts Partnership with new OEM, Motrec, to launch autonomous DriveMod Tuggers Pre-order from Arauco for 100 DriveMod Forklifts, potentially represents up to $5 million per year in recurring revenue Continued sales traction for autonomous stockchaser and tugger vehicles, with concentration in automotive manufacturing and private sector companies that serve the public sector and defense applications Kicked off U.S. autonomous vehicle roadshow at manufacturing and warehousing facilities MENLO PARK, Calif. , Aug. 17, 2023 /PRNewswire/ -- Cyngn Inc.  (the "Company" or "Cyngn") (Nasdaq: CYN), a developer of AI-powered autonomous driving solutions for industrial applications, today shared several company milestones and key achievements including significant customer wins, key partnerships with leading OEMs, and product enhancements to increase customer satisfaction, safety, and efficiency.

Cyngn Continues its Commercial and Technological Momentum for AI-Powered Autonomous Vehicle Solutions

Technology leadership that focuses on machine learning, modularity, and multiple use case enablement supported by family of patents granted by USPTO for Autonomous Vehicle Technologies Since May 2023, 4 additional patents granted to Cyngn, bringing total US patents granted to 10 15 additional US patents and 20 international patents have been submitted Proprietary technology stack consists of  more than 80   elements  that include trade secrets, ranging from sensor fusion to data processing pipelines that allow the company to provide self-driving solutions to a variety of industrial applications MENLO PARK, Calif. , Aug. 16, 2023 /PRNewswire/ --  Cyngn Inc. (the "Company" or "Cyngn") (Nasdaq: CYN), a developer of AI-powered autonomous driving solutions for industrial applications, today released the details of its growing patent family, consisting of patents granted by the United States Patent and Trademark Office ( USPTO ) for autonomous vehicle technologies.

Cyngn Reaches Milestone of 10 Granted Patents for Pioneering AI-Powered Autonomous Vehicle Technologies for Industrial Vehicles

Industrial prospects to experience first-hand Cyngn's flagship DriveMod Stockchaser navigate autonomously at their facilities Initial demo day markets include Sacramento, Minneapolis, Houston, and Atlanta Additional markets to be announced Cyngn sales leaders to host demos, product briefings, and take pre-orders MENLO PARK, Calif. , Aug. 15, 2023 /PRNewswire/ -- Cyngn Inc. (the "Company" or "Cyngn") (Nasdaq: CYN), a developer of AI-powered autonomous driving solutions for industrial applications, today kicked-off the first leg of its Autonomous Vehicle Roadshow in Sacramento, California with its flagship DriveMod Stockchaser.

Cyngn Kicks-Off Autonomous Vehicle Roadshow at Manufacturing and Warehousing Facilities Across America

Cyngn Inc. (NASDAQ:CYN ) Q2 2023 Earnings Conference Call August 9, 2023 4:30 PM ET Company Participants Ben Mimmack - Head, Investor Relations Lior Tal - Chairman & Chief Executive Officer Don Alvarez - Chief Financial Officer Conference Call Participants Theodore O'Neill - Litchfield Research Rommel Dionisio - Aegis Capital Operator Greetings, and welcome to the Cyngn Second Quarter 2023 Earnings Call. At this time, all participants are in a listen-only mode.

Cyngn Inc. (CYN) Q2 2023 Earnings Call Transcript

Cyngn Inc. (CYN) came out with a quarterly loss of $0.19 per share in line with the Zacks Consensus Estimate. This compares to loss of $0.15 per share a year ago.

Cyngn Inc. (CYN) Reports Q2 Loss, Tops Revenue Estimates

Quarterly revenue of $0.6 million following successful achievement of milestones on autonomous vehicle development contracts MENLO PARK, Calif. , Aug. 9, 2023 /PRNewswire/ -- Cyngn Inc. (the "Company" or "Cyngn") (NASDAQ: CYN), a developer of AI-powered autonomous driving software solutions for industrial applications, today announced its financial results for the fiscal second quarter ended June 30, 2023.

Cyngn Reports Second Quarter 2023 Financial Results

Single largest pre-order of an ongoing AI-Powered innovation to date for Cyngn, demonstrates Arauco's proactive commitment to increased sustainability, efficiency, and safety in their future operations MENLO PARK, Calif. , Aug. 8, 2023 /PRNewswire/ -- Cyngn Inc. (the "Company" or "Cyngn") (Nasdaq: CYN), a developer of AI-powered autonomous driving solutions for industrial applications, today announced a paid pre-order Agreement with Arauco , a global company of sustainable forestry products, pulp, and engineered wood that is a supplier to the furniture and construction industries.

Cyngn Executes a Pre-Order Agreement with Arauco for a Future Deployment of 100 AI-Powered Autonomous Electric Forklifts

Tech company Cyngn has stuck a major deal to help logistics giant Arauco deal with labor shortages by providing forklifts that drive themselves.

Cyngn-Arauco Deal Tackles Labor Shortage With Driverless Forklifts

Cyngn maintains 2023 momentum with announcement of largest customer to-date, following new contracts with industrial vehicle manufacturers MENLO PARK, Calif. , July 27, 2023 /PRNewswire/ -- Cyngn Inc. (the "Company" or "Cyngn") (Nasdaq: CYN), a developer of AI-powered autonomous driving solutions for industrial applications, today announced an agreement with a Fortune 100 Heavy Equipment Manufacturer to deploy DriveMod Stockchasers in its North American manufacturing facility, starting in the coming weeks.

Cyngn Signs New Customer: Fortune 100 Heavy Equipment Manufacturer

MENLO PARK, Calif. , July 25, 2023 /PRNewswire/ -- Cyngn, Inc. (the "Company" or "Cyngn") (Nasdaq: CYN), a developer of AI-powered autonomous driving software solutions for industrial applications, will announce its fiscal second quarter 2023 financial results for the period ended June 30, 2023, on Wednesday, August 9, 2023, after the close of market.

Cyngn Announces Date for Fiscal Second Quarter 2023 Financial Results

MENLO PARK, Calif. , July 19, 2023 /PRNewswire/ -- Cyngn, Inc. (the "Company" or "Cyngn") (Nasdaq: CYN), a developer of AI-powered autonomous driving solutions for industrial applications, today announced its partnership with Motrec International Inc, a globally recognized manufacturer of industrial electric vehicles.

Cyngn to Partner with Motrec, Launch Fleet of AI-Powered Autonomous Tuggers

MENLO PARK, Calif.--(BUSINESS WIRE)--Cyngn Inc. (the “Company” or “Cyngn”) (Nasdaq: CYN), a developer of AI-powered autonomous driving solutions for industrial applications, today announced that they have made significant progress adapting DriveMod to enable autonomous forklifts. The autonomous forklift development effort is spearheaded by Cyngn's previously announced ongoing paid contract with a separate end-user in the building materials industry. That engagement has yielded AI-powered autono.

BYD and Cyngn Reveal First Footage of AI-Powered Autonomous Forklift

MENLO PARK, Calif.--(BUSINESS WIRE)--Cyngn, Inc. (the “Company” or “Cyngn”) (Nasdaq: CYN), a developer of AI-powered autonomous driving solutions for industrial applications, will participate at the Singular Research Spring Select Investor Webinar on Wednesday, May 24, 2023 at 1:00pm – 1:45pm PDT and the LD Micro investor conference on Wednesday, June 7, 2023 at 9:00am – 9:25am PDT in Los Angeles, CA. Singular Research Spring Select Investor Webinar Wednesday, May 24, 2023; 1:00pm – 1:45pm PDT.

Cyngn to Participate at Investor Conferences with Singular Research and LD Micro

Toronto, Canada--(Newsfile Corp. - May 15, 2023) - VID Media Incorporated ("VID") is pleased to announce that it will host a VID Town Hall Forum with CYNGN (NASDAQ: CYN) or the ("Company") on Thursday, May 18, 2023, at 11:00 am ET. Ben Landen, Vice President of Business Development will provide shareholders and interested stakeholders with an introduction to Cyngn, a developer of scalable, differentiated autonomous vehicle technology for industrial organizations.

VID Media to Host CYNGN Town Hall Forum Thursday, May 18, 2023 - 11:00 AM ET

Cyngn Inc. (NASDAQ:CYN ) Q1 2023 Earnings Conference Call May 10, 2023 4:30 PM ET Company Participants Ben Mimmack - Head, Investor Relations Lior Tal - Chairman and Chief Executive Officer Don Alvarez - Chief Financial Officer Ben Landen - VP of Business Development Conference Call Participants Theodore O'Neill - Litchfield Research Poe Fratt - Alliance Global Partners Rommel Dionisio - Aegis Capital Operator Greetings, and welcome to the Cyngn First Quarter 2023 Earnings Call. [Operator Instructions] It's now my pleasure to introduce your host, Ben Mimmack, Head of Investor Relations.

Cyngn Inc. (CYN) Q1 2023 Earnings Call Transcript

MENLO PARK, Calif.--(BUSINESS WIRE)--Cyngn Inc. (the “Company” or “Cyngn”) (NASDAQ: CYN), a developer of AI-powered autonomous driving software solutions for industrial applications, today announced its financial results for the fiscal first quarter ended March 31, 2023. Recent Operating Highlights: Announced automated robotics sales veteran Chris Wright as Head of Sales Delivered autonomous vehicles to U.S Continental Inc., the first commercial deployment of the Company's autonomous stockchase.

Cyngn Reports First Quarter 2023 Financial Results

MENLO PARK, Calif.--(BUSINESS WIRE)--Cyngn, Inc. (the “Company” or “Cyngn”) (Nasdaq: CYN), a developer of AI-powered autonomous driving solutions for industrial applications, announced today that Sean Stetson has been hired as VP of Engineering. Stetson is an accomplished product development leader who brings more than 25 years of experience in commercializing emerging technologies, having previously held an executive position at Seegrid. In this role, Stetson will be responsible for overseeing.

Cyngn Welcomes Ex Google and Seegrid, Carnegie Mellon Alumni Sean Stetson as VP of Engineering

MENLO PARK, Calif.--(BUSINESS WIRE)--Cyngn, Inc. (the “Company” or “Cyngn”) (Nasdaq: CYN), a developer of AI-powered autonomous driving software solutions for industrial applications, has announced the release of its Enterprise Autonomy Suite (EAS) version 9.0. The newest version of EAS comes with a suite of intelligent fleet management tools, which customers can use to manage and monitor their fleets from any location. It helps customers manage data from the field, which can help Cyngn pinpoin.

AI-Powered Autonomous Industrial Vehicles at the Push of a Button: Cyngn Releases Enterprise Autonomy Suite 9.0

MENLO PARK, Calif.--(BUSINESS WIRE)--Cyngn, Inc. (the “Company” or “Cyngn”) (Nasdaq: CYN), a developer of AI-powered autonomous driving solutions for industrial applications, today announced that it has successfully completed Phase 2 of its multi-phase project with a global, large-cap company in the heavy machinery industry. The project focuses on implementing autonomous vehicle (AV) technology in the mining domain. Cyngn has achieved state-of-the-art results with elements of its AV technology.

Cyngn and Global Mining Vehicle OEM Continue to Make Progress in Ongoing AV Commercialization Project

MENLO PARK, Calif.--(BUSINESS WIRE)--Cyngn, Inc. (the “Company” or “Cyngn”) (Nasdaq: CYN), a developer of AI-powered autonomous driving software solutions for industrial applications, will announce its fiscal first quarter 2023 financial results for the period ended March 31, 2023, on Wednesday, May 10, 2023, after the close of market. The Company will host an earnings call at 1:30pm PDT / 4:30 pm EDT. A live webcast of the call will be available on the Cyngn website under “Events & Present.

News for CYNGN Stock (CYN)