---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-24-041342"
form_type: "8-K"
ticker: "CYN"
cik: "0001874097"
company_name: "Cyngn Inc."
filed_at: "2024-05-09T23:59:59+00:00"
generated_at: "2026-06-02T07:11:43.237686+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Cyngn Q1 revenue plummets to $5.5k; net loss $6.0M; cash burns down to $4.8M

## Summary
- Q1 revenue of $5.5k (down from $872.8k YoY); net loss $6.0M vs $5.6M loss in Q1 2023.
- Diluted EPS loss $0.08 (77.1M shares) vs $0.15 loss (37.7M shares) in Q1 2023.
- Cash & short-term investments $4.8M (3/31/24) vs $8.2M (12/31/23); no debt.
- Post-quarter $5.2M public offering raised net $4.6M; pro-forma cash $9.4M.
- Operating milestones: joined John Deere supply base, initial Rivian deployment, RobotLAB distributor.

## SEC filing metadata
- accession: 0001213900-24-041342
- form_type: 8-K
- ticker: CYN
- cik: 0001874097
- company_name: Cyngn Inc.
- filed_at: 2024-05-09T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1874097/000121390024041342/0001213900-24-041342-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1874097/000121390024041342/ea0205690-8k_cyngninc.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-24-041342
- JSON: https://secwatch.observer/filing/0001213900-24-041342.json
- Plain text: https://secwatch.observer/filing/0001213900-24-041342.txt

## Key facts
- Earnings Releases
  Cyngn Inc. reported fiscal first quarter ended March 31, 2024 results: revenue $5.5 thousand, net income $(6.0) million, EPS $(0.08).
  - Period: fiscal first quarter ended March 31, 2024
  - Revenue: $5.5 thousand
  - Net income: $(6.0) million
  - EPS: $(0.08)
  - Result: reported results
  source text: our customer acquisition costs and enables us to convert more customers to advanced sales discussions.” Q1 2024 Financial Review: ● First quarter revenue was $5.5 thousand compared to $872.8 thousand in the first quarter of 2023. First quarter 2024 revenue consisted of EAS software subscriptions from DriveMod Stock chaser vehicle deployments
  evidence_url: https://www.sec.gov/Archives/edgar/data/1874097/000121390024041342/0001213900-24-041342-index.htm

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