secwatch.observer — SEC 8-K summary
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Issuer:     Cyngn Inc. (CYN)
CIK:        0001874097
Form:       8-K
Filed at:   2024-08-09T23:59:59+00:00
Accession:  0001213900-24-067213
Event type: earnings
Sentiment:  negative
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Cyngn Q2 2024 revenue drops to $8.7K; net loss $5.8M; cash $7.0M
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- Revenue $8.7K vs $550.9K YoY; shift from NRE contracts to EAS subscriptions.
- Net loss $5.8M ($4.11 EPS) vs $6.4M ($12.97 EPS) YoY; costs down $1.2M.
- Cash and short-term investments $7.0M; no debt; working capital $6.1M.
- Joined John Deere supply base; expanded dealer network with Alta Equipment Group.
- Sold 256,500 shares for $1.8M after quarter-end; pro-forma cash $8.8M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1874097/000121390024067213/0001213900-24-067213-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1874097/000121390024067213/ea0210946-8k_cyngn.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-067213

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