Reported Earnings • May 14
First quarter 2026 earnings released: US$0.59 loss per share (vs US$6.60 loss in 1Q 2025) First quarter 2026 results: US$0.59 loss per share (improved from US$6.60 loss in 1Q 2025). Net loss: US$6.49m (loss narrowed 15% from 1Q 2025). Announcement • May 06
Cyngn Inc. to Report Q1, 2026 Results on May 13, 2026 Cyngn Inc. announced that they will report Q1, 2026 results After-Market on May 13, 2026 Reported Earnings • Mar 27
Full year 2025 earnings released: US$5.17 loss per share (vs US$2,521 loss in FY 2024) Full year 2025 results: US$5.17 loss per share (improved from US$2,521 loss in FY 2024). Net loss: US$23.5m (loss narrowed 30% from FY 2024). New Risk • Mar 18
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of American stocks, typically moving 16% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (16% average weekly change). Earnings have declined by 31% per year over the past 5 years. Shareholders have been substantially diluted in the past year (451% increase in shares outstanding). Revenue is less than US$1m (US$457k revenue). Minor Risk Market cap is less than US$100m (US$25.8m market cap). Announcement • Mar 05
Cyngn Inc. to Report Q4, 2025 Results on Mar 25, 2026 Cyngn Inc. announced that they will report Q4, 2025 results After-Market on Mar 25, 2026 Board Change • Feb 14
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 1 highly experienced director. Independent Lead Director Jim McDonnell was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Dec 06
Cyngn Inc. Announces Resignation of Colleen Cunningham from the Board and as a Member of the Audit Committee and Compensation Committee and Chair of the Nominating and Corporate Governance Committee, Effective December 31, 2025 On December 5, 2025, Cyngn Inc. announced that Colleen Cunningham notified the Board of Directors of her resignation from the Board and all committees on which she serves, effective December 31, 2025. Ms. Cunningham currently serves as a member of the Audit Committee and Compensation Committee and serves as Chair of the Nominating and Corporate Governance Committee. The company intends to expeditiously appoint an additional independent director to the Board and the Audit Committee. The Company intends to expeditiously appoint an additional independent director to the Board and the Audit Committee. Announcement • Nov 15
Cyngn Inc. announced delayed 10-Q filing On 11/14/2025, Cyngn Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC. Announcement • Sep 06
Cyngn Inc. has filed a Follow-on Equity Offering in the amount of $100 million. Cyngn Inc. has filed a Follow-on Equity Offering in the amount of $100 million.
Security Name: Common Stock
Security Type: Common Stock
Transaction Features: At the Market Offering Announcement • Aug 14
Cyngn Inc. Announces Promotion of Natalie Russell as Chief Financial Officer Cyngn Inc. announced that Natalie Russell has been promoted to CFO. Mrs. Russell began her career in the audit and assurance practice of Ernst & Young from September 2017 to December 2022. Mrs. Russell is a Certified Public Accountant in the state of California. She holds a Bachelor of Science in Business Administration from the University of Dayton. Russell joined the Company in March 2023 as Director of Accounting. Prior to joining the Company, Mrs. Russell was a Technical Accounting Manager at SOAProjects Inc., from December 2022 to March 2023, where she specialized in technical accounting research and financial reporting for clients in the technology and life sciences industries. Announcement • Aug 11
Cyngn Inc., Annual General Meeting, Oct 06, 2025 Cyngn Inc., Annual General Meeting, Oct 06, 2025. Location: sichenzia ross ference carmel llp, 1185 avenue of the americas, 31st floor, new york, ny 10036, United States Reported Earnings • Aug 08
Second quarter 2025 earnings released Second quarter 2025 results: US$2.70 loss per share. Net loss: US$5.45m (loss narrowed 6.4% from 2Q 2024). Announcement • Jul 30
Cyngn Inc. to Report Q2, 2025 Results on Aug 06, 2025 Cyngn Inc. announced that they will report Q2, 2025 results After-Market on Aug 06, 2025 Board Change • Jun 10
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 1 highly experienced director. Independent Non-Executive Director Colleen Cunningham was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Jun 03
Cyngn Launches Dealer Portal to Facilitate the Scaled Expansion of Its Dealer Network Cyngn announced the launch of the Cyngn Dealer Portal, an online resource hub created to support its growing dealer network. The portal provides easy access to a comprehensive suite of Cyngn assets, including sales materials, detailed pricing information, and co-marketing resources. This new tool will allow dealers to effectively present Cyngn's autonomous solutions to their customers, increasing efficiency and facilitating faster sales cycles. Through the Dealer Portal, Cyngn continues to deliver on its core competency of using technology to introduce innovative, value-generating solutions to an established industry. Partners can access information that will help them stay up-to-date with product offerings, pricing models, and marketing initiatives through a simple web portal. In addition to resources that simplify the sales process, the portal provides training materials and technical documentation to support dealers as they engage new customers and pursue opportunities in industrial automation. The launch of the Dealer Portal builds on the momentum of Cyngn's Dealer Network, which includes partnerships with prominent dealers and service providers in the industrial vehicle sector. These partnerships are essential for expanding Cyngn's reach and enhancing the ability of companies in various industries to implement autonomous vehicle solutions efficiently. Dealers who are not yet part of Cyngn's network are encouraged to explore the benefits of joining. Announcement • May 29
Cyngn Inc. Receives Notice of Allowance for 23rd U.S. Patent for its AI-Powered Autonomous Vehicle Technologies Cyngn Inc. announced the notice of allowance for a new patent related to the Company's innovative autonomous vehicle (AV) solutions. The patent, Modular Sensor System For Automated Guided Vehicles, introduces a modular sensor system that is configured to be coupled to existing industrial machines while making few, if any, modifications to the industrial machine. The significance of this patent lies in the adjustability of the modular sensor system that may be used with different industrial machines having varied geometries and/or operation constraints. A Notice of Allowance marks a key step forward in the patent application process. Upon completion, the patent will add to Cyngn's growing IP portfolio and further strengthen its position in the sector. This milestone builds on recent momentum, including the granting of the Company's 22nd patent in April and its 21st patent in October. Reported Earnings • May 09
First quarter 2025 earnings released First quarter 2025 results: US$6.60 loss per share. Net loss: US$7.59m (loss widened 27% from 1Q 2024). Announcement • Apr 30
Cyngn Inc. to Report Q1, 2025 Results on May 07, 2025 Cyngn Inc. announced that they will report Q1, 2025 results After-Market on May 07, 2025 Announcement • Mar 13
Cyngn Regains Nasdaq Compliance Cyngn Inc. (or the "Company") announced that it has received a notice from Nasdaq confirming that the Company has regained compliance with the Nasdaq's Capital Market's minimum bid price requirement of $1.00 per share. The notice from Nasdaq indicates that the Company is in compliance with the Nasdaq Capital Market's listing requirements and the Company's common stock will continue to be listed and traded on Nasdaq. "We are pleased to have met Nasdaq's listing requirements once again," said Lior Tal, CEO of Cyngn. "Maintaining compliance reflects our commitment to strong corporate governance and reinforces our dedication to creating long-term value for our shareholders. Cyngn remains focused on advancing its autonomous driving technology for industrial and commercial applications. The company looks forward to executing its strategic initiatives and continuing to drive innovation in the sector". Reported Earnings • Mar 06
Full year 2024 earnings released Full year 2024 results: US$2,213 loss per share. Net loss: US$29.3m (loss widened 28% from FY 2023). Announcement • Feb 26
Cyngn Inc. to Report Q4, 2024 Results on Mar 05, 2025 Cyngn Inc. announced that they will report Q4, 2024 results After-Market on Mar 05, 2025 Announcement • Feb 21
Cyngn Inc Deploys Autonomous DriveMod Vehicles Across Multiple Industries Cyngn Inc. announced that it has deployed DriveMod Tuggers and DriveMod Forklifts to serve use cases across several industries, including Manufacturing, Consumer Packaged Goods, Logistics, and Defense. This milestone reinforces Cyngn's leadership in delivering innovative autonomous vehicle (AV) solutions to industries requiring cutting-edge efficiency, safety, and adaptability. Cyngn recently secured a signed Letter of Intent (LOI) from a major automotive supplier to deploy multiple DriveMod Tuggers in the first half of the year. DriveMod Tuggers will enable this global automotive supplier to optimize material handling across its expansive network of facilities, increasing operational efficiency and minimizing downtime. Additionally, in January, Cyngn initiated a production deployment with COATS Company, the largest full-line wheel service equipment manufacturer in North America. The DriveMod Tugger deployment is underway at COATS' 150,000+ square foot manufacturing facility in La Vergne, Tennessee. Cyngn's expanding presence in the manufacturing sector is further supported by its recent paid deployment of a DriveMod forklift with a manufacturer in a different sector. Consumer Packaged Goods: Revolutionizing High-Volume LogisticsThe fast-paced Consumer Packaged Goods (CPG) sector presents unique challenges, including high throughput demands and safety considerations. Cyngn's recent deployment of DriveMod Tuggers at a major CPG distribution company highlights the versatility of EAS in addressing these challenges.By integrating DriveMod Tuggers into its intra-facility operations, the unnamed CPG giant aims to streamline distribution workflows. Defense: Meeting Stringent Industry StandardsCyngn's DriveMod Tugger deployment at a major defense contractor's facility showcases the adaptability of its AV solutions in highly regulated environments. While specific details remain confidential for security reasons, this deployment reflects Cyngn's capability to meet the rigorous operational needs of the aerospace and defense sector. Logistics: Enabling Autonomous FulfillmentCyngn successfully deployed its DriveMod technology at Global Logistics and Fulfillment LLC'sLas Vegasdistribution center, integrating autonomous vehicles into its warehouse operations. The deployment improved workflow efficiency and provided enhanced operational visibility, enabling GLF's team to focus on mission-critical tasks. This success showcased the scalability of Cyngn's solutions in logistics-intensive environments. Announcement • Feb 14
Cyngn Announces Reverse Stock Split to Regain Compliance with Nasdaq Minimum Bid Price Requirement Cyngn Inc. announced that it will proceed with a 1-for-150 reverse stock split of its outstanding shares of Common Stock following approval by its Board of Directors. Cyngn expects the Company's Common Stock will begin trading on a post-split basis at the market open on February 18, 2025, and continue to be traded under the symbol "CYN" with a new CUSIP number 23257B 305. The primary objective of the Reverse Stock Split is to increase the per share market price of the Common Stock to regain compliance with the minimum bid price requirement for continued listing on the Nasdaq Capital Market and maintain the listing of its common stock on the Nasdaq Capital Market. Announcement • Feb 07
Cyngn Inc. Receives Minimum Bid Price Deficiency Letter from Nasdaq On February 6, 2025, Cyngn Inc., a Delaware corporation (the Company") received a letter (the Minimum Bid Price Deficiency Letter") from the Listing Qualifications Department (the Staff") of The Nasdaq Stock Market LLC (Nasdaq"), notifying the Company that it was not in compliance with Nasdaq Listing Rule 5550(a)(2) which requires listed companies to maintain a minimum bid price of $1.00 per share (the Minimum Bid Price Requirement"). Normally, a company would be afforded a 180-calendar day period to demonstrate compliance with the Minimum Bid Price Requirement. However, pursuant to Listing Rule 5810(c)(3)(A)(iv) the Company is not eligible for any compliance period specified in Rule 5810(c)(3)(A) because the Company has effected a reverse stock split over the prior one-year period or has effected one or more reverse stock splits over the prior two-year period with a cumulative ratio of 250 shares or more to one. Accordingly, the Company's securities are subject to delisting from Nasdaq unless the Company requests an appeal of this determination by February 13, 2025. The Company plans to timely request a hearing before the Nasdaq Hearings Panel (the Panel"), which request will stay the suspension of the Company's securities and filing of a Form 25-NSE pending the Panel's decision. The Company's common stock will continue to trade on Nasdaq under the symbol CYN" pending the hearing and the Panel's decision. The Company intends to provide the Panel with a plan for compliance with the Minimum Bid Price Requirement in writing no later than February 13, 2025. The Company obtained shareholder approval of a reverse stock split in the range of 1-for-5 to 1-for-150 on January 30, 2025 and received approval on February 6, 2025, of a majority in interest of investors in those certain Securities Purchase Agreements dated December 20, 2024 and December 30, 2024. On January 30, 2025, the Company's Board of Directors approved the effectuation of a reverse stock split of the outstanding common stock at a 1-for-150 ratio (the Reverse Split"). The Company intends to expeditiously implement the Reverse Split as a means to regain compliance with the Minimum Bid Price Requirement. There can be no assurance that the Panel will accept the Company's plan for compliance or grant the Company's request for continued listing or that the Company will be able meet the continued listing requirements during any compliance period that may be granted by the Panel. Announcement • Jan 01
Cyngn Inc. has completed a Follow-on Equity Offering in the amount of $9 million. Cyngn Inc. has completed a Follow-on Equity Offering in the amount of $9 million.
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 6,650,000
Price\Range: $0.6
Discount Per Security: $0.048
Security Name: Pre-Funded Warrants
Security Type: Equity Warrant
Securities Offered: 8,350,000
Price\Range: $0.5999
Discount Per Security: $0.048
Transaction Features: Registered Direct Offering Announcement • Dec 31
Cyngn Inc. has filed a Follow-on Equity Offering in the amount of $9 million. Cyngn Inc. has filed a Follow-on Equity Offering in the amount of $9 million.
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 6,650,000
Price\Range: $0.6
Discount Per Security: $0.048
Security Name: Pre-Funded Warrants
Security Type: Equity Warrant
Securities Offered: 8,350,000
Price\Range: $0.5999
Discount Per Security: $0.048
Transaction Features: Registered Direct Offering Announcement • Dec 25
Cyngn Inc. has completed a Composite Units Offering in the amount of $20 million. Cyngn Inc. has completed a Composite Units Offering in the amount of $20 million.
Security Name: Units
Security Type: Equity/Derivative Unit
Securities Offered: 3,076,006
Price\Range: $1.61
Discount Per Security: $0.1127
Security Name: Pre-Funded Units
Security Type: Equity/Derivative Unit
Securities Offered: 9,346,354
Price\Range: $1.6099
Discount Per Security: $0.112693 Announcement • Nov 26
Cyngn Inc. announced that it has received $3.5 million in funding On November 25, 2024, Cyngn Inc. closed the transaction. The transaction included participation from 9 investors pursuant to exemption provided under Regulation D. Announcement • Nov 13
Cyngn Inc. announced that it expects to receive $3.5 million in funding Cyngn Inc. announced that it has entered into a securities purchase agreement with certain investors pursuant to which the company has issues senior secured notes in a private placement with an aggregate principal amount of $4,375,000. The Purchase Agreement also provides for the issuance of an aggregate of 405,125 shares of common stock of the Company to the Purchasers. The Notes were issued with an original issue discount of 20%. No interest shall accrue on the Notes unless and until an Event of Default (as defined in the Notes) has occurred, upon which interest shall accrue at a rate of twenty percent (20.0%) per annum and shall be computed on the basis of a three hundred sixty (360)-day year and twelve (12) thirty (30)-day months and shall be payable on the maturity date. The Notes mature upon the earlier of ninety (90) days from the issuance date or the closing of any subsequent offering by the Company with net proceeds equal to or in excess of all amounts due under the Notes. The aggregate gross proceeds to the Company are expected to be $3.5 million, before deducting placement agent fees and expenses, $1,000,000 of which shall be held in escrow, of which $500,000 will be released to the Company upon filing the registration statement referenced below and the remaining $500,000 of which shall be released upon effectiveness of the registration statement. The Company intends to use the net proceeds from the Offering for working capital and other general corporate purposes. The transaction is expected to close on November 13, 2024. Reported Earnings • Nov 08
Third quarter 2024 earnings released: US$2.74 loss per share (vs US$14.49 loss in 3Q 2023) Third quarter 2024 results: US$2.74 loss per share (improved from US$14.49 loss in 3Q 2023). Net loss: US$5.43m (flat on 3Q 2023). Revenue is forecast to grow 214% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Software industry in the US. Announcement • Oct 31
Cyngn Inc. has withdrawn its Follow-on Equity Offering in the amount of $49.92857 million. Cyngn Inc. has withdrawn its Follow-on Equity Offering in the amount of $49.92857 million.
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 7,142,857
Price\Range: $3.5
Discount Per Security: $0.175
Security Name: Pre-Funded Warrants
Security Type: Equity Warrant
Securities Offered: 7,142,857
Price\Range: $3.49
Discount Per Security: $0.1745 Announcement • Oct 30
Cyngn Inc. to Report Q3, 2024 Results on Nov 06, 2024 Cyngn Inc. announced that they will report Q3, 2024 results After-Market on Nov 06, 2024 Announcement • Aug 15
Cyngn Inc. has filed a Follow-on Equity Offering in the amount of $25 million. Cyngn Inc. has filed a Follow-on Equity Offering in the amount of $25 million.
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 3,125,000
Price\Range: $6 to $8
Discount Per Security: $0.4
Security Name: Pre-Funded Warrants
Security Type: Equity Warrant
Securities Offered: 3,125,000 Reported Earnings • Aug 09
Second quarter 2024 earnings released: US$4.11 loss per share (vs US$17.09 loss in 2Q 2023) Second quarter 2024 results: US$4.11 loss per share (improved from US$17.09 loss in 2Q 2023). Net loss: US$5.82m (loss narrowed 8.4% from 2Q 2023). Announcement • Jul 23
Cyngn Regains Nasdaq Compliance Cyngn Inc. announced that it has received a notice from Nasdaq confirming that the Company has regained compliance with the Nasdaq's Capital Market's minimum bid price requirement of $1.00 per share. The notice from Nasdaq indicates that the Company is in compliance with the Nasdaq Capital Market's listing requirements and the Company's common stock will continue to be listed and traded on Nasdaq. In addition to achieving compliance with NASDAQ's listing standards, Cyngn confirms that despite recently receiving approval from shareholders to increase authorized shares outstanding, the Company has chosen not to proceed with this authorization at this time. This decision reflects Cyngn's strategy to maintain a disciplined approach to capital structure and shareholder dilution. "We are pleased to have regained compliance with Nasdaq's listing standards," said Lior Tal, Chief Executive Officer of Cyngn. "We are committed to maintaining the trust and confidence of our shareholders so that we can continue to focus on our strategic objectives and delivering value to our shareholders. Announcement • Jun 26
Cyngn Inc. Provides Non-Compliance Update As previously disclosed, on August 24, 2023, Cyngn Inc. (the Company") received a letter from the Nasdaq Listing Qualifications Department of the Nasdaq Stock Market (the Nasdaq") indicating that the Company was not in compliance with Nasdaq Listing Rule 5550(a)(2) because the closing bid price per share for the Company's common stock had closed below $1.00 for the previous 30 consecutive business days (the Bid Price Rule"). The Company was given until February 20, 2024, to regain compliance with the Bid Price Rule. On February 21, 2024, the Company received notice from Nasdaq that the Company had been granted an additional 180-day grace period, or until August 19, 2024, to regain compliance with the Bid Price Rule. On June 21, 2024, the Company received notice from the Staff indicating that the bid price for the Company's common stock had closed below $0.10 per share for the 10-consecutive trading day period ended June 20, 2024 and, accordingly, the Company is subject to the provisions contemplated under Nasdaq Listing Rule 5810(c)(3)(A)(iii) (the Low Priced Stock Rule") and its securities are subject to delisting from Nasdaq unless the Company timely requests a hearing before the Nasdaq Hearings Panel (the Panel"). The Company plans to timely request a hearing before the Panel, which request will stay any further action by Nasdaq at least until the hearing is held and the expiration of any extension period that may be granted by the Panel. The Company's common stock will continue to trade on Nasdaq under the symbol CYN" pending completion of the hearing process. There can be no assurance that the Panel will grant the Company's request for continued listing or that the Company will be able meet the continued listing requirements during any compliance period that may be granted by the Panel. As reported below, the Company received the approval of its stockholders to implement a reverse stock split of the outstanding shares of its common stock within a range of one-for-five (1-for-5) to a maximum of a one-for-one hundred (1-for-100) split. The Company intends to expeditiously implement the reverse stock split. Announcement • May 14
Cyngn Inc., Annual General Meeting, Jun 25, 2024 Cyngn Inc., Annual General Meeting, Jun 25, 2024. Location: sichenzia ross ference carmel llp, 1185 avenue of the americas, 31st floor, new york 10036., new york United States Reported Earnings • May 12
First quarter 2024 earnings released: US$0.077 loss per share (vs US$0.15 loss in 1Q 2023) First quarter 2024 results: US$0.077 loss per share. Net loss: US$5.97m (loss widened 6.1% from 1Q 2023). Revenue is forecast to grow 143% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Software industry in the US. Announcement • Apr 25
Cyngn Inc. has completed a Follow-on Equity Offering in the amount of $4.999698 million. Cyngn Inc. has completed a Follow-on Equity Offering in the amount of $4.999698 million.
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 19,800,000
Price\Range: $0.1
Discount Per Security: $0.007
Security Name: Pre-Funded Warrants
Security Type: Equity Warrant
Securities Offered: 30,200,000
Price\Range: $0.09999
Discount Per Security: $0.007 New Risk • Apr 16
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: US$9.32m This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (22% average weekly change). Earnings have declined by 35% per year over the past 5 years. Shareholders have been substantially diluted in the past year (122% increase in shares outstanding). Market cap is less than US$10m (US$9.32m market cap). Minor Risk Revenue is less than US$5m (US$1.5m revenue). Announcement • Apr 13
Cyngn Inc. has filed a Follow-on Equity Offering in the amount of $8 million. Cyngn Inc. has filed a Follow-on Equity Offering in the amount of $8 million.
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 52,015,605
Security Name: Pre-Funded Warrants
Security Type: Equity Warrant
Securities Offered: 52,015,605 Announcement • Feb 28
Cyngn Inc. to Report Q4, 2023 Results on Mar 06, 2024 Cyngn Inc. announced that they will report Q4, 2023 results After-Market on Mar 06, 2024 Announcement • Feb 07
Cyngn Inc. Releases Hands-Off Automatic Unhitch Capabilities for Industrial Autonomous Vehicles Cyngn Inc. has announced the release of its Auto-unhitch capability, a hands-off solution for industrial autonomous vehicles to drop off cargo. This new feature enables organizations to automate the entire tugging workflow, enhancing operational efficiency and bringing greater value to customers. Embedded within Enterprise Autonomy Suite (EAS), Cyngn's fleet management and analytics software, Auto-unhitch seamlessly integrates with customers' existing workflows. With just a simple touch of a button, a DriveMod tugger can autonomously navigate to a designated stop, unload cargo without relying on staff, and then return to a central staging area for the pickup of new carts. The operators' ability to activate this feature for any autonomous vehicle mission significantly enhances their capacity to streamline operational tasks while simultaneously addressing labor shortages. Cyngn's Auto-unhitch capabilities include: Seamless Integration: Allows operators to incorporate automatic unhitching into existing workflows, which can be programmed before the shift begins; Safety Features: Includes audible tones and an on-screen alert to notify employees before the vehicle automatically unhitches cargo; Manual Mode: An on-vehicle toggle switch easily enables operators to manually open or close the hitch on their own. Auto-unhitch represents one of many DriveMod-enabled skills that can help organizations revolutionize how work gets done. Recognizing that different companies have unique requirements, DriveMod offers a versatile set of capabilities, allowing businesses to tailor their autonomous solutions to not only specific environments, but also tasks. This flexibility ensures that Cyngn's technology aligns seamlessly with the evolving needs of customers, providing a customizable end-to-end autonomous industrial vehicle solution. Price Target Changed • Jan 04
Price target decreased by 33% to US$4.55 Down from US$6.82, the current price target is provided by 1 analyst. New target price is 3,333% above last closing price of US$0.13. Stock is down 79% over the past year. The company posted a net loss per share of US$0.56 last year. Announcement • Nov 15
Cyngn Inc. has filed a Follow-on Equity Offering. Cyngn Inc. has filed a Follow-on Equity Offering.
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 24,242,424
Price\Range: $0.33
Discount Per Security: $0.02
Security Name: Pre-funded Warrants
Security Type: Equity Warrant
Securities Offered: 24,242,424 New Risk • Nov 09
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: US$9.57m This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$21m free cash flow). Earnings are forecast to decline by an average of 8.0% per year for the foreseeable future. Market cap is less than US$10m (US$9.57m market cap). Minor Risks Currently unprofitable and not forecast to become profitable next year (US$26m net loss next year). Share price has been volatile over the past 3 months (14% average weekly change). Shareholders have been diluted in the past year (3.3% increase in shares outstanding). Revenue is less than US$5m (US$1.7m revenue). Announcement • Oct 26
Cyngn Inc. to Report Q3, 2023 Results on Nov 08, 2023 Cyngn Inc. announced that they will report Q3, 2023 results After-Market on Nov 08, 2023 Announcement • Oct 25
Cyngn Inc. Reveals DriveMod Tugger: Fully Autonomous, Electric Tugger for Industrial Operations Cyngn Inc. is excited to offer a sneak peek into its latest innovation: the integration of its DriveMod Kit with the MT-160 tow tractor from Motrec International Inc. Designed for industrial, commercial, and warehousing operations, this electric autonomous tugger is set to make its initial debut with select customers in fourth quarter 2023, and expand to a broader customer base in 2024. This first look is part of a previously announced partnership to launch an autonomous tugger, the "DriveMod Tugger," which boasts a 54-inch turn radius and a robust 6,000-pound towing capacity. The DriveMod Tugger harnesses the power of autonomous driving through a variant of Cyngn's DriveMod Kit. This kit streamlines the integration of autonomous vehicle (AV) components, drawing from the system architecture established with the DriveMod Stockchaser. Whether installed directly on the manufacturing line or retrofitted onto existing tuggers, the DriveMod Kit ensures an efficient deployment process, enabling customers to quickly benefit from Cyngn's cutting-edge autonomous technology. Underpinning the DriveMod Tugger's exceptional performance is an AC Powertrain featuring a maintenance-free brushless electric motor. This design delivers precise motor control, enhanced maximum speeds, and improved torque at lower speeds. Furthermore, Cyngn is introducing an automatic unhitching feature, eliminating the need for human intervention when releasing towed carts. This innovation responds to insights from customers, addressing operational bottlenecks and inefficiencies associated with manual cargo handling that results in decreased throughput and labor inefficiencies. Announcement • Oct 20
Cyngn Launches Dealer Network for Industrial Autonomous Vehicles, Expanding Its Market Reach Cyngn announced the Cyngn Dealer Network. This strategic initiative is designed to accelerate the widespread adoption of Cyngn's autonomous vehicle (AV) software products by partnering with dealers and service providers on joint sales efforts to create new revenue opportunities and provide cutting-edge solutions to their customers. Multiple dealers and service providers have already partnered with Cyngn, including prominent distributors of BYD forklifts in the Midwest--a region the Company has been growing its footprint in via its traction in automotive and other heavy equipment manufacturing. Cyngn's technology integrates with vehicles from prominent Original Equipment Manufacturers (OEMs) in the industry, including BYD, Motrec, and Columbia Vehicle Group. OEMs typically have their own established dealer networks, and Cyngn engages those channels via its OEM relationships. With the launch of this network, dealers have the option to engage more closely with Cyngn to expand their offerings and introduce self-driving technologies to their customers as an additional revenue stream. Dealers participating in Cyngn's recently-launched network will be able to take advantage of co-marketing opportunities and resources. The Industrial Automation Market is expected to reach $306.2 billion by 2027, according to Meticulous Market Research Inc. This rapid surge in industrial autonomy has brought profound changes in workflow, profit pools, and value chains, ushering global industries into an era of unprecedented transparency, flexibility, scalability, and efficiency. Announcement • Oct 13
Cyngn Launches Consultancy Service to Support New Autonomous Vehicle Projects Cyngn announced the expansion of its offerings with the introduction of expert Autonomous Vehicle (AV) Consultancy Services. With this new initiative, Cyngn is committed to partnering with businesses in the manufacturing and logistics sectors, helping them to plan autonomous vehicles solutions that yield more successful AV deployment and development projects. So far, several companies have benefited from Cyngn's AV expertise, including companies from the Fortune Global 500. This program has already led to cutting-edge AV development projects in manufacturing and mining. This year, the company announced two successfully completed projects: one with Arauco, the global wood supplier, and one with a global OEM in the mining industry. Cyngn's autonomous vehicle consultancy service expands upon its suite of industrial AV products and reinforces its core belief that without automation, businesses will struggle to remain competitive. By focusing onfacing details that deliver the most significant impact to efficiency and safety, Cyngn helps to illuminate the value and plan for AV adoption. Clients working with Cyngn's seasoned experts can look forward to: Streamlined Operations: Cyngn optimizes workflows, enhancing productivity. Enhanced Worker Satisfaction: Improved employee experiences result in greater productivity. Technology Insights: Stay at the forefront of automation with expert guidance on the optimal solutions for a given use case from sensors to AI to computer vision. Quantifiable Benefits: Identify and measure advantages that enhance profitability. Informed Decision-Making: Gain insights to make well-informed choices about autonomy, maximizing returns on investment. Board Change • Oct 06
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. 1 experienced director. No highly experienced directors. CEO & Chairman of the Board Lior Tal is the most experienced director on the board, commencing their role in 2016. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Announcement • Oct 05
Cyngn Inc., Annual General Meeting, Nov 07, 2023 Cyngn Inc., Annual General Meeting, Nov 07, 2023, at 12:00 US Eastern Standard Time. Location: at the offices of Sichenzia Ross Ference Carmel LLP, 1185 Avenue of the Americas, 31st Floor New York New York United States Agenda: To consider and elect two Class II directors to serve until 2026 annual meeting of stockholders and until their successors are duly elected and qualified; to consider and approve an amendment to certificate of incorporation, as amended and restated, to increase the number of shares of authorized common stock from 100,000,000 to 200,000,000; to consider and approve an amendment to our 2021 Equity Incentive Plan (the “2021 Plan”) to (i) increase the number of shares of common stock authorized for issuance thereunder by 5,000,000 and (ii) amend certain language relating to the automatic increase “evergreen” clause within the 2021 Plan; and to consider and transact such other business as may be properly brought before the Annual Meeting and any adjournments thereof. New Risk • Sep 25
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 3.3% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$21m free cash flow). Earnings are forecast to decline by an average of 8.0% per year for the foreseeable future. Minor Risks Currently unprofitable and not forecast to become profitable next year (US$26m net loss next year). Share price has been volatile over the past 3 months (12% average weekly change). Shareholders have been diluted in the past year (3.3% increase in shares outstanding). Revenue is less than US$5m (US$1.7m revenue). Market cap is less than US$100m (US$16.9m market cap). Announcement • Aug 26
Cyngn Receives Notice from Nasdaq Regarding Non-Compliance with the Minimum Bid Price Requirement for Continued Listing on The Nasdaq Capital Market On August 24, 2023, Cyngn Inc. (the ‘Company’) received a notification letter from the Listing Qualifications Department of The Nasdaq Stock Market LLC (‘Nasdaq’) notifying the Company that, because the closing bid price for the Company’s common stock listed on Nasdaq was below $1.00 for 30 consecutive trading days, the Company no longer meets the minimum bid price requirement for continued listing on The Nasdaq Capital Market under Nasdaq Marketplace Rule 5550(a)(2), requiring a minimum bid price of $1.00 per share (the ‘Minimum Bid Price Requirement’). The notification has no immediate effect on the listing of the Company’s common stock. In accordance with Nasdaq Marketplace Rule 5810(c)(3)(A), the Company has a period of 180 calendar days from August 24, 2023, or until February 20, 2024, to regain compliance with the Minimum Bid Price Requirement. If at any time before February 20, 2024, the bid price of the Company’s common stock closes at or above $1.00 per share for a minimum of 10 consecutive business days, Nasdaq will provide written notification that the Company has achieved compliance with the Minimum Bid Price Requirement. The notification letter also disclosed that in the event the Company does not regain compliance with the Minimum Bid Price Requirement by February 20, 2024, the Company may be eligible for additional time. To qualify for additional time, the Company would be required to meet the continued listing requirement for market value of publicly held shares and all other initial listing standards for The Nasdaq Capital Market, with the exception of the bid price requirement, and would need to provide written notice of its intention to cure the deficiency during the second compliance period, by effecting a reverse stock split, if necessary. If the Company meets these requirements, Nasdaq will inform the Company that it has been granted an additional 180 calendar days to regain compliance. However, if it appears to the staff of Nasdaq (the ‘Staff’) that the Company will not be able to cure the deficiency, or if the Company is otherwise not eligible, the Staff would notify the Company that its securities will be subject to delisting. The Company intends to continue actively monitoring the bid price for its common stock between now and February 20, 2024, and will consider available options to resolve the deficiency and regain compliance with the Minimum Bid Price Requirement. Announcement • Jul 26
Cyngn Inc. to Report Q2, 2023 Results on Aug 09, 2023 Cyngn Inc. announced that they will report Q2, 2023 results After-Market on Aug 09, 2023 Announcement • Jan 26
Cyngn Inc. Announces Management Appoints Cyngn Inc. announced the appointment of Bill Ong as Head of Corporate Planning and Strategy, and Ben Mimmack as Head of Investor Relations, signaling the company’s commitment to Investor Relations. Bill Ong brings nearly 40 years of background in investor relations, corporate finance, engineering, and Wall Street experience to the company. Prior to Cyngn, Ong served as Head of Investor Relations at Embark Trucks, a company specializing in software to power autonomous trucks, and VIAVI Solutions, a global provider of network test, monitoring, and assurance solutions. While at VIAVI, Ong specifically oversaw the IR Department, which was recognized as the second-best in the mid-cap Technology, Media, and Telecommunications (TMT) sector by Institutional Investor magazine in 2018. Ong has additionally worked at numerous major investment banking and brokerage firms as a sell-side and buy-side analyst. During this tenure, he was honored with the Top Stock Picker award from The Wall Street Journal, in 2006 and 2010, and from Financial Times in 2011. Ben Mimmack also brings a wealth of knowledge in investor relations, having accumulated nearly 15 years of experience in banking and corporate finance. Prior to joining Cyngn, Mimmack served as Head of Investor Relations at Sarcos Technology and Robotics Corporation, a developer and manufacturer of advanced mobile robotic systems. As Head of IR, he played a key role in taking the company public in 2021. Mimmack has also previously held the role of Director and Head of Investor Relations at a private equity firm, Baymark Partners. In addition, he spent over 5 years, from 2014 to 2019, working as a part of the Investor Relations team at American Airlines, where he most recently held the role of Senior Manager of IR. During this time, Mimmack’s team was recognized as a Global Top 50 IR program in the 2018 Investor Relations Magazine Awards. Announcement • Jan 20
Cyngn Inc. Appoints Chris Wright, as Head of Sales Cyngn Inc. announced the appointment of Chris Wright as Head of Sales. Wright has over 30 years of experience in sales, bringing a wealth of knowledge and industry expertise in both robotics and manufacturing. Chris Wright brings extensive experience and sales leadership in the robotics industry. Most notably, Wright served as Vice President of Sales from 2017 to 2022 at Brain Corp, a robotic AI software company that powers autonomous mobile robots for commercial, public spaces. During his tenure at Brain Corp, Wright worked with both direct customers as well as numerous OEM partners, resulting in the successful sale of thousands of autonomous mobile robots over his 5 years. Moreover, in this role, Wright was instrumental in securing partnerships with major retailers such as Kroger, along with various OEM partners in the commercial and industrial spaces, including Minuteman, Tennant, and Kärcher North America. As a result, Brain Corp’s robotic fleet reached a milestone in 2021 of 100 billion square feet covered autonomously. Prior to joining Cyngn, Wright served as Cleaning Head of Innovation and Robotics for the Americas at ISS, a leading workplace experience and facility management company. In this role, Wright focused on the viability and integration of robotics and autonomy into existing and future ISS clients’ business models, gaining hands-on experience with a broad range of robotic applications. In addition, Wright’s prior experience includes working at Kärcher North America, a manufacturer of commercial, industrial, and consumer cleaning equipment and technologies, for 14 years. In his most recent position, he held the role of Senior Director of Sales. Here, Chris helped to build the BSC division, helping to grow the company's sales from around $2 million to over $15 million during his time. Announcement • Dec 17
Cyngn Receives Non-Compliance Notice From Nasdaq On December 15, 2022, Cyngn Inc. (the “Company”) received a notification letter from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that, because the closing bid price for the Company’s common stock listed on Nasdaq was below $1.00 for 30 consecutive trading days, the Company no longer meets the minimum bid price requirement for continued listing on The Nasdaq Capital Market under Nasdaq Marketplace Rule 5550(a)(2), requiring a minimum bid price of $1.00 per share (the “Minimum Bid Price Requirement”). The notification has no immediate effect on the listing of the Company’s common stock. In accordance with Nasdaq Marketplace Rule 5810(c)(3)(A), the Company has a period of 180 calendar days from December 15, 2022, or until June 13, 2023, to regain compliance with the Minimum Bid Price Requirement. If at any time before June 13, 2023, the bid price of the Company’s common stock closes at or above $1.00 per share for a minimum of 10 consecutive business days, Nasdaq will provide written notification that the Company has achieved compliance with the Minimum Bid Price Requirement. The notification letter also disclosed that in the event the Company does not regain compliance with the Minimum Bid Price Requirement by June 13, 2023, the Company may be eligible for additional time. To qualify for additional time, the Company would be required to meet the continued listing requirement for market value of publicly held shares and all other initial listing standards for The Nasdaq Capital Market, with the exception of the bid price requirement, and would need to provide written notice of its intention to cure the deficiency during the second compliance period, by effecting a reverse stock split, if necessary. If the Company meets these requirements, Nasdaq will inform the Company that it has been granted an additional 180 calendar days to regain compliance. However, if it appears to the staff of Nasdaq (the “Staff”) that the Company will not be able to cure the deficiency, or if the Company is otherwise not eligible, the Staff would notify the Company that its securities will be subject to delisting. The Company intends to continue actively monitoring the bid price for its common stock between now and June 13, 2023 and will consider available options to resolve the deficiency and regain compliance with the Minimum Bid Price Requirement. Board Change • Nov 16
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. 1 experienced director. No highly experienced directors. Chairman & CEO Lior Tal is the most experienced director on the board, commencing their role in 2016. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Announcement • Nov 02
Cyngn Inc. to Report Q3, 2022 Results on Nov 09, 2022 Cyngn Inc. announced that they will report Q3, 2022 results at 4:00 PM, US Eastern Standard Time on Nov 09, 2022 Board Change • Sep 02
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. 1 experienced director. No highly experienced directors. Chairman & CEO Lior Tal is the most experienced director on the board, commencing their role in 2016. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Announcement • Aug 03
Cyngn Inc. to Report Q2, 2022 Results on Aug 10, 2022 Cyngn Inc. announced that they will report Q2, 2022 results After-Market on Aug 10, 2022 Announcement • Jul 22
Cyngn Launches Enterprise Autonomy Suite v8.0 Cyngn announced the latest release of its Enterprise Autonomy Suite (“EAS”) v8.0. This latest release includes 138 new features, a 33% reduction in component complexity, and a 75% reduction in cloud computing costs, spanning some 27,000 new lines of code. Improvements over previous versions of EAS include an updated cloud backend and user role infrastructure, advanced telemetry, data collection, and data pipelines, updates to data modeling and analytics dashboards, improved health monitoring, new vehicle task management through the Cyngn Mission Planner, and fully automated vehicle-to-cloud data offloading. Beyond major changes to Cyngn’s backend and infrastructure, the EAS v8.0 release comes with the launch of the Safe Vehicle Workspace, which uses LED lights to make it easier for workers to efficiently and safely put their autonomous vehicles to work. A simple color-coding system — green, red, and blue lights — gives employees all the information they need to make the best use of the self-driving industrial vehicle during their shifts. EAS v8.0 is a comprehensive suite of autonomous driving tools that work together to bring turn-key autonomous vehicle solutions to industrial companies. The newest version of EAS includes DriveMod and Cyngn Insight, which offer customers a variety of features and options to manage their fleet of industrial vehicles, either remotely or at the facility where they operate, and to interact with insightful data produced by vehicles. EAS can be integrated on new vehicles being built on the assembly line or can be installed on existing industrial vehicles to convert an existing fleet to an autonomous vehicle fleet. EAS consists of three core components: DriveMod, Cyngn Insight, and Cyngn Evolve. DriveMod is Cyngn’s full-stack autonomous driving software system, which focuses on the safe and efficient operation of autonomous vehicles. DriveMod combines AI software with sensors and computing hardware to detect relevant obstacles, understand operational environments, navigate optimal routes, and communicate the vehicle’s status and intent. Cyngn Insight serves as the intelligent vehicle control center, the hub for fleet management, asset tracking, vehicle task management, real-time diagnostics, and operational analytics. Cyngn Evolve consists of data optimization tools such as the data pipeline, performance analytics, simulation, and machine learning infrastructure. Announcement • Jun 26
Cyngn Inc.(NasdaqCM:CYN) dropped from Russell Microcap Value Index Cyngn Inc.(NasdaqCM:CYN) dropped from Russell Microcap Value Index Announcement • May 05
Cyngn Launches Infinitracker a GPS Asset Tracker and IoT Gateway with 15-Year Battery Cyngn announced the launch of Infinitracker, a global GPS asset-tracking device and Internet of things data collection gateway with up to 15 years of battery life. The Infinitracker product aligns with Cyngn’s mission to create new data insights in industrial domains such as manufacturing, fulfillment, logistics, construction, and mining. Infinitracker is designed to attach to anything wish to track, such as shipping containers, pallets, equipment, or vehicles. Attaching Infinitracker to the asset will allow users to view its precise location, speed, temperature, and direction of travel. A significant upgrade to existing asset trackers, Infinitracker comes with a battery that lasts up to 15 years and can also collect data from other sensors via Bluetooth. Using a global SIM card, Infinitracker pushes data to the cloud from its built-in sensors or tethered Bluetooth devices anywhere in the world. Users can access data analytics either through Cyngn’s Infinitracker web portal or integrate with other asset management systems via API. Infinitracker is a new value-added product for the Company’s autonomous vehicle and Cyngn Insight clients and a simple, cost-effective means for new and potential clients to explore how the Cyngn Insight analytics platform can enhance an organization’s operations. Announcement • May 03
Cyngn Inc. to Report Q1, 2022 Results on May 11, 2022 Cyngn Inc. announced that they will report Q1, 2022 results After-Market on May 11, 2022 Announcement • Apr 22
Cyngn Launches DriveMod Kit, a Fully-Equipped Autonomous Vehicle Hardware Integration Module Cyngn announced the official launch of DriveMod Kit, a turnkey autonomous vehicle solution for which Cyngn filed a patent in February 2022. DriveMod Kit’s inaugural manufacturing run started coming off the assembly line in the first half of April 2022. Cyngn launches DriveMod Kit, a turnkey AV hardware integration module. Its inaugural manufacturing run began coming off the assembly line in early April 2022. Containing all the advanced sensors and hardware components needed for AV technology integration, DriveMod Kit is designed to streamline retrofitting of existing industrial vehicles or simplify integration onto newly manufactured vehicles. The company believe that by eliminating traditional barriers to autonomous vehicle adoption, such as high costs and complex installations, DriveMod Kit will facilitate rapid adoption of autonomous vehicles across a wide range of industrial and commercial domains. Partnering with Columbia Vehicle Group, Cyngn originally developed DriveMod Kit as an efficient AV integration package for Columbia’s Stockchaser vehicles. The kit technology can easily be adapted to fit other industrial vehicles. In addition to the self-driving vehicle technology, DriveMod Kit features human machine interfaces and a lighting system that communicate vehicle status, mode, battery status, route obstruction, and more. With the swift and simple deployment that DriveMod Kit offers, manufacturers and logistics companies can begin to reap the many benefits of autonomy, such as increased productivity, improved safety, and lowered operational costs. Announcement • Feb 16
Cyngn Files Patent for DriveMod Kit, an Adaptive, Turnkey Autonomous Vehicle Solution Cyngn announced the filing of a patent for DriveMod Kit, the latest in industrial autonomous vehicle (“AV”) technology integration. DriveMod Kit was developed by Cyngn to support faster and more cost-effective deployments of industrial autonomy solutions, thereby solving major scalability and adoption issues faced by companies interested in utilizing AV technology. DriveMod Kit simplifies what can otherwise be a complex installation process. More broadly, DriveMod Kit represents a continuation of Cyngn’s ongoing effort to develop a suite of defensible and proprietary technologies to enable the rapid adoption of its autonomous vehicle technology. Recent Insider Transactions Derivative • Feb 08
Chairman & CEO exercised options to buy US$720k worth of stock. On the 2nd of February, Lior Tal exercised options to buy 500k shares at a strike price of around US$0.13, costing a total of US$65k. Since June 2021, Lior has owned 181.74k shares directly. This was the only transaction from an insider over the last 12 months.