---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-23-038123"
form_type: "8-K"
ticker: "CYN"
cik: "0001874097"
company_name: "Cyngn Inc."
filed_at: "2023-05-10T23:59:59+00:00"
generated_at: "2026-06-15T07:11:37.179432+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Cyngn Q1 revenue $0.9M; net loss widens to $5.6M, cash burn continues

## Summary
- Q1 revenue $0.9M (vs $0 YoY) from two multi-phase NRE contracts for forklifts and mining vehicles.
- Net loss $5.6M ($0.17 loss per share) vs $3.8M ($0.14 loss) YoY; operating expenses rose to $6.7M.
- Cash and short-term investments $17.0M at Mar 31, 2023, down from $22.6M at Dec 31, 2022.
- Commercial deployment of autonomous stockchasers at U.S. Continental; Phase 2 of mining project completed.
- Hired Chris Wright as Head of Sales and Felix Singh as VP of Engineering Services; EAS v9.0 released.

## SEC filing metadata
- accession: 0001213900-23-038123
- form_type: 8-K
- ticker: CYN
- cik: 0001874097
- company_name: Cyngn Inc.
- filed_at: 2023-05-10T23:59:59+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/1874097/000121390023038123/0001213900-23-038123-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1874097/000121390023038123/ea178255-8k_cyngn.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-23-038123
- JSON: https://secwatch.observer/filing/0001213900-23-038123.json
- Plain text: https://secwatch.observer/filing/0001213900-23-038123.txt

## Key facts
- Earnings Releases
  Cyngn Inc. reported the fiscal first quarter ended March 31, 2023 results: revenue $0.9 million, net income $5.6 million, EPS $0.17.
  - Period: the fiscal first quarter ended March 31, 2023
  - Revenue: $0.9 million
  - Net income: $5.6 million
  - EPS: $0.17
  - Result: reported results
  source text: Cyngn Reports First Quarter 2023 Financial Results Quarterly revenue of $0.9 million from autonomous vehicle development contracts MENLO PARK, Calif., May 10, 2023 — Cyngn Inc. (the “Company” or “Cyngn”) (NASDAQ: CYN), a developer of AI-powered autonomous driving software solutions for industrial applications, today announced its financial results for the fiscal first quarter ended March 31, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1874097/000121390023038123/0001213900-23-038123-index.htm

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