secwatch.observer — SEC 8-K summary
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Issuer:     Cyngn Inc. (CYN)
CIK:        0001874097
Form:       8-K
Filed at:   2025-03-05T23:59:59+00:00
Accession:  0001213900-25-020738
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1874097/000121390025020738/0001213900-25-020738-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1874097/000121390025020738/ea0233279-8k_cyngninc.htm
  HTML page:      https://secwatch.observer/filing/0001213900-25-020738

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