Cyngn Inc.
- Market Cap (Float-Adj) (Float-adjusted market cap computed by the low-float screener — matches the screener row. May differ from the standard cap (price × all shares outstanding) reported elsewhere.)
- $15.7M
- Price
- $1.09
- % Change (Daily % change from the live per-ticker quote feed.)
- +1.87%
- Volume
- 163.9K
About
Cyngn Inc. is a technology company specializing in autonomous vehicles (AVs), dedicated to creating advanced self-driving software solutions. Its primary offering, the Enterprise Autonomy Suite, is currently in development and consists of three main elements. First, DriveMod is a modular software designed to provide autonomous driving capabilities for industrial vehicles. Second, Cyngn Insight serves as a customer-facing platform, enabling users to oversee and manage their AV fleets while also aggregating and analyzing performance data. Lastly, Cyngn Evolve provides the internal tools and infrastructure essential for refining algorithms and models through artificial intelligence and machine learning training, alongside a comprehensive simulation framework that uses real-world data to validate new software releases. The company was founded in 2013 and operates from its headquarters in Menlo Park, California.
Quick stats
Shares outstanding14.4M
Computed float14.3M
Float / shares99.0%
Key info
SectorTechnology
IndustrySoftware - Application
CIK (Central Index Key — the unique ID the SEC assigns to every filer. Use it to look up the company's filings on EDGAR.)0001874097
Websitehttps://www.cyngn.com
AI Summary
AI-generated1/7
standardneutralearnings
Cyngn Reports 2026 2nd Quarter Financial Results
Cyngn reported Q2 revenue of $144.5k, up from $33.7k in the prior year, while net loss widened to $6.4 million due to higher R&D and personnel costs.
The company initiated a restructuring to streamline the organization and reduce management layers, aiming to lower operating costs and improve commercial execution.
Cyngn holds $39.7 million in unrestricted cash and short-term investments with no debt, and believes recent FCC restrictions on foreign-made robots provide a regulatory tailwind for its U.S.-based solutions.
Red flags
- Net loss widened to $6.4M in Q2 from $5.4M in the year-ago quarter
- Operating expenses increased 25% year-over-year to $6.9M
- Revenue remains immaterial relative to operating expenses and cash burn