Cyngn Q4 2024 net loss $12.0M vs $5.4M; full-year revenue $368K down 75%

Cyngn Inc.

Q4 revenue $306K (from EAS subscriptions) vs $40K YoY; full-year revenue $368K vs $1.5M in 2023.
Q4 net loss $12.0M ($502 per share) vs $5.4M ($1,376 per share); full-year net loss $29.3M ($2,213 per share) vs $22.8M ($6,529).
Cash and short-term investments $23.6M at year-end vs $3.6M in 2023; no debt.
Reported ~$1.3M in new Q4 bookings, $33M December capital raise, and multiple new customer deployments.
Hired Marty Petraitis as VP of Sales; secured DriveMod Tugger contract with a CPG company.

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