Cyngn Inc. posts Q3 net loss of $8.4 million on revenue of $70,000
Reuters
Nov 19
<a href="https://laohu8.com/S/CYN">Cyngn Inc</a>. posts Q3 net loss of $8.4 million on revenue of $70,000
Cyngn Inc. reported revenue of $70.0 thousand for the third quarter of 2025, up from $47.6 thousand in the same period of 2024. Net loss for the third quarter of 2025 was $8.4 million, compared to $5.4 million in the third quarter of 2024. Net loss per share was $1.20, based on approximately 7.0 million weighted average shares outstanding, versus $408.30 per share on 13.3 thousand shares in the prior year period, reflecting reverse stock splits. As of September 30, 2025, unrestricted cash and short-term investments totaled $34.9 million, an increase from $23.6 million at December 31, 2024. The company reported no debt at the end of either period. During the quarter, Cyngn appointed Natalie Russell as Chief Financial Officer and expanded its sales organization. Key business developments included the deployment of the DriveMod Tugger at Coats and G & J Pepsi and the acquisition of its 23rd U.S. patent related to modular sensor architecture.
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