secwatch.observer — SEC 8-K summary
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Issuer:     Cyngn Inc. (CYN)
CIK:        0001874097
Form:       8-K
Filed at:   2024-11-07T23:59:59+00:00
Accession:  0001213900-24-095161
Event type: earnings
Sentiment:  negative
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Cyngn Q3 revenue $47.6k, net loss $(5.4M); first paid DriveMod Forklift deployment
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- Q3 revenue $47.6k (up from $25.2k YoY); net loss $(5.4M) vs $(5.5M) prior year.
- Cash and equivalents $2.8M at Sep 30, down from $8.2M at Dec 31, 2023; no debt.
- First paid DriveMod Forklift deployment; contract with major automotive equipment manufacturer.
- Hired Marty Petraitis as VP of Sales; secured 20th and 21st U.S. patents; expanded DriveMod to outdoor operations.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1874097/000121390024095161/0001213900-24-095161-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1874097/000121390024095161/ea0220268-8k_cyngn.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-095161

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