secwatch.observer — SEC 8-K summary
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Issuer:     Cyngn Inc. (CYN)
CIK:        0001874097
Form:       8-K
Filed at:   2023-03-15T23:59:59+00:00
Accession:  0001213900-23-020320
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Cyngn reports first revenue of $262k in Q4; net loss widens to $5.5M
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- Q4 2022 revenue $262k, first revenue as public company from autonomous vehicle development contracts.
- Q4 net loss $5.5M, up from $2.1M in Q4 2021; diluted EPS $(0.16) vs $(0.10).
- Full-year 2022 net loss $19.2M, up from $7.8M in 2021; diluted EPS $(0.62) vs $(1.33).
- Ended 2022 with $22.6M unrestricted cash and short-term investments, vs $21.9M at end of 2021.
- Signed commercial contract with U.S. Continental for autonomous stockchasers; two other vehicle types in development.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1874097/000121390023020320/0001213900-23-020320-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1874097/000121390023020320/ea175238-8k_cyngn.htm
  HTML page:      https://secwatch.observer/filing/0001213900-23-020320

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer