---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-23-084785"
form_type: "8-K"
ticker: "CYN"
cik: "0001874097"
company_name: "Cyngn Inc."
filed_at: "2023-11-08T23:59:59+00:00"
generated_at: "2026-06-08T11:20:27.407376+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Cyngn Q3 revenue $25k, net loss $5.5M; Arauco pre-orders 100 forklifts

## Summary
- Q3 revenue of $25.2k from first EAS subscriptions; net loss $5.5M ($0.14/share), vs $5.3M loss in Q3 2022.
- Cash and short-term investments $8.2M at Sep 30, down from $22.6M at Dec 31, 2022.
- Raised $1.5M from at-the-market equity sales through Oct 31; 10% common stock dividend distributed.
- Arauco pre-orders 100 DriveMod Forklifts with potential $5M annual subscription; rollout targeted mid-2024.
- Successful paid deployment with Fortune 100 manufacturer; dealer network launched.

## SEC filing metadata
- accession: 0001213900-23-084785
- form_type: 8-K
- ticker: CYN
- cik: 0001874097
- company_name: Cyngn Inc.
- filed_at: 2023-11-08T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1874097/000121390023084785/0001213900-23-084785-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1874097/000121390023084785/ea187886-8k_cyngninc.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-23-084785
- JSON: https://secwatch.observer/filing/0001213900-23-084785.json
- Plain text: https://secwatch.observer/filing/0001213900-23-084785.txt

## Key facts
- Earnings Releases
  Cyngn Inc. reported the fiscal third quarter ended September 30, 2023 results: revenue $25.2 thousand, net income $(5.5) million, EPS $(0.14).
  - Period: the fiscal third quarter ended September 30, 2023
  - Revenue: $25.2 thousand
  - Net income: $(5.5) million
  - EPS: $(0.14)
  - Result: reported results
  source text: Additionally, our recent dealer network launch will further expand our customer base as we scale deployments in 2024.” Q3 2023 Financial Review: ● Third quarter revenue was $25.2 thousand compared to no revenues in the third quarter of 2022. Third quarter revenue was derived for the first time from EAS software subscriptions from DriveMod Stock chaser vehicle
  evidence_url: https://www.sec.gov/Archives/edgar/data/1874097/000121390023084785/0001213900-23-084785-index.htm

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