---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-22-070660"
form_type: "8-K"
ticker: "CYN"
cik: "0001874097"
company_name: "Cyngn Inc."
filed_at: "2022-11-09T23:59:59+00:00"
generated_at: "2026-06-22T02:11:04.860628+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Cyngn Q3 2022 net loss widens to $5.3M; cash $27.7M; announces new contracts

## Summary
- Net loss of $5.3M ($0.16 loss per share) vs. $2.1M loss ($2.17) in Q3 2021; operating expenses $5.3M.
- Cash and short-term investments $27.7M as of Sep 30, 2022, up from $22.0M at Dec 31, 2021.
- R&D expense $1.6M increase to $3.7M; G&A expense $1.6M increase to $1.6M due to stock-based comp and public company costs.
- Signed multi-phase contract to apply DriveMod to electric forklifts for a global building materials manufacturer.
- Engaged manufacturing partner to scale DriveMod Kit production and signed exclusive vehicle tracking deal with HEVI.

## SEC filing metadata
- accession: 0001213900-22-070660
- form_type: 8-K
- ticker: CYN
- cik: 0001874097
- company_name: Cyngn Inc.
- filed_at: 2022-11-09T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1874097/000121390022070660/0001213900-22-070660-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1874097/000121390022070660/ea168344-8k_cyngn.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-22-070660
- JSON: https://secwatch.observer/filing/0001213900-22-070660.json
- Plain text: https://secwatch.observer/filing/0001213900-22-070660.txt

## Key facts
- Earnings Releases
  Cyngn Inc. reported the third fiscal quarter ended September 30, 2022 results: net income Net loss was $5.3 million for the quarter ended September 30, 2022, EPS Net loss per share on a basic and diluted basis was $0.16.
  - Period: the third fiscal quarter ended September 30, 2022
  - Net income: Net loss was $5.3 million for the quarter ended September 30, 2022
  - EPS: Net loss per share on a basic and diluted basis was $0.16
  - Result: reported results
  source text: Cyngn Inc. issued a press release announcing its financial results for the third fiscal quarter ended September 30, 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1874097/000121390022070660/0001213900-22-070660-index.htm
- Earnings Releases
  Cyngn Inc. reported the nine months ended September 30, 2022 results: net income Net loss was $13.7 million for the nine months ended September 30, 2022, EPS Net loss per share on a basic and diluted basis was $0.45.
  - Period: the nine months ended September 30, 2022
  - Net income: Net loss was $13.7 million for the nine months ended September 30, 2022
  - EPS: Net loss per share on a basic and diluted basis was $0.45
  - Result: reported results
  source text: Cyngn Inc. issued a press release announcing its financial results for the third fiscal quarter ended September 30, 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1874097/000121390022070660/0001213900-22-070660-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.