Highest-materiality recent filing
Cyngn Q1 net loss widens to $6.5M; revenue rises to $105k, cash at $44.4M
Revenue of $105k (+123% YoY) from subscription EAS software; net loss of $6.5M vs $3.9M YoY.
Cyngn appoints Baker Tilly as new auditor, cites material weakness in internal controls
Appointed Baker Tilly US, LLP as independent auditor, replacing CBIZ CPAs P.C., effective April 3, 2026.
Cyngn FY2025 revenue $219K; net loss $(23.5M); bookings tripled; $9.65M offering extends runway
FY2025 revenue $0.22M vs $0.37M YoY; net loss $(23.5M) improved from $(33.3M); Q4 net loss $(5.7M).
Offering of 1,686,788 shares and 3,313,212 pre-funded warrants at $1.93 per share/warrant.
Cyngn Q3 2025 revenue $70K, net loss $8.4M; cash runway extended to 2027
Q3 2025 revenue $70K (up from $47.6K YoY); net loss $8.4M (vs $5.4M loss YoY).
Restatement due to error in accounting for Series A and B Warrants issued in Dec 2024; warrant liability increased by $12.7M, equity decreased by $12.7M.
Cyngn Q2 net loss $5.5M; raises $32M, extends cash runway through 2027
Q2 2025 revenue $33.7K vs $8.7K in Q2 2024; net loss $5.5M vs $5.8M.
Cyngn closes $17.2M equity offering with pre-funded warrants; net proceeds $14.7M
Sold 313,564 shares at $7.50 and 1,979,769 pre-funded warrants at $7.49999; gross proceeds ~$17.2M.
Cyngn closes $15M registered direct offering of common stock and pre-funded warrants
Gross proceeds $15M from 192,496 shares at $5.01 and 2,801,516 pre-funded warrants at $5.00999.
Cyngn replaces auditor Marcum with CBIZ after resignation; material weakness in internal controls
Marcum LLP resigned as independent auditor on April 23, 2025; CBIZ CPAs P.C. engaged same day for FY2025.
Cyngn Q4 2024 net loss $12.0M vs $5.4M; full-year revenue $368K down 75%
Q4 revenue $306K (from EAS subscriptions) vs $40K YoY; full-year revenue $368K vs $1.5M in 2023.
Cyngn to effect 1-for-150 reverse stock split on Feb 18; all Series B cashless warrants exercised
1-for-150 reverse stock split effective at market open on Feb 18; shares to drop from 262M to ~1.75M.
Received Nasdaq deficiency letter on Feb 6, 2025 for failing to maintain $1.00 minimum bid price per share.
Cyngn stockholders approve 2x share authorization and reverse split up to 1:150
Authorized common stock increased from 200M to 400M shares.
Cyngn raises $9.0M in registered direct offering of 15M shares/pre-funded warrants at $0.60/share
Closed registered direct offering on Dec 31, 2024; gross proceeds $9.0M, net ~$8.1M after expenses.
Cyngn closes $20M follow-on offering; net proceeds ~$18.2M for working capital and debt repayment
Gross proceeds ~$20M from 12.4M units (shares/pre-funded warrants + Series A/B warrants) at $1.61 per unit.
Cyngn raises $3.5M via 20% OID notes and 405K shares; cuts staff 25% to conserve cash
Issued $4.375M principal in senior notes at 20% original issue discount; gross proceeds $3.5M.
Cyngn Q3 revenue $47.6k, net loss $(5.4M); first paid DriveMod Forklift deployment
Q3 revenue $47.6k (up from $25.2k YoY); net loss $(5.4M) vs $(5.5M) prior year.
Cyngn Q2 2024 revenue drops to $8.7K; net loss $5.8M; cash $7.0M
Revenue $8.7K vs $550.9K YoY; shift from NRE contracts to EAS subscriptions.
Nasdaq notified Cyngn that bid price closed below $0.10 for 10 consecutive days through June 20, 2024, triggering Low Priced Stock Rule.
Cyngn Q1 revenue plummets to $5.5k; net loss $6.0M; cash burns down to $4.8M
Q1 revenue of $5.5k (down from $872.8k YoY); net loss $6.0M vs $5.6M loss in Q1 2023.
Cyngn prices $5M public offering of 50M shares/pre-funded warrants at $0.10 per share
Gross proceeds ~$5M from 50M shares and pre-funded warrants at $0.10/share (or $0.099999 per warrant).
Cyngn CEO highlights $268B market, 4x sales pipeline growth, Fortune 100 fleet progress
Identifies >3.75M vehicle install base and $268B market opportunity for DriveMod retrofits.
Cyngn receives 180-day Nasdaq extension to August 19, 2024 for minimum bid price compliance
Nasdaq granted Cyngn additional 180-day grace period until August 19, 2024 to meet $1 minimum bid price requirement.
Cyngn prices $5M public offering of 33.3M shares/pre-funded warrants at $0.15
Gross proceeds of $5M from sale of 33,333,333 shares and pre-funded warrants at $0.15 per share or $0.14999 per warrant.
Cyngn Q3 revenue $25k, net loss $5.5M; Arauco pre-orders 100 forklifts
Q3 revenue of $25.2k from first EAS subscriptions; net loss $5.5M ($0.14/share), vs $5.3M loss in Q3 2022.
Cyngn receives Nasdaq notice for bid price below $1.00; 180 days to regain compliance
Notification date August 24, 2023; stock closing bid below $1.00 for 30 consecutive trading days.
Cyngn Q2 revenue $0.6M vs zero YoY; net loss $6.4M, EPS -$0.19
Revenue of $0.6M from NRE contracts for forklift and heavy-vehicle autonomy; no revenue in Q2 2022.
Cyngn enters ATM equity sales facility for up to $8.77M common stock
ATM Sales Agreement with Virtu Americas LLC for up to $8,773,970 of common stock in at-the-market offerings.
Cyngn Q1 revenue $0.9M; net loss widens to $5.6M, cash burn continues
Q1 revenue $0.9M (vs $0 YoY) from two multi-phase NRE contracts for forklifts and mining vehicles.
As previously disclosed, effective June 6, 2025, Natalie Russell, the Company’s Director of Accounting, will serve as the Company’s Interim Chief Financial Officer.
Effective June 6, 2025, Donald Alvarez stepped down as a member of the board of directors (the “Board”) and Chief Financial Officer of Cyngn Inc. (the “Company”).
On June 16, 2022, Mitch Lasky notified the Board of Directors (the “Board”) of Cyngn Inc. (the “Company”) that he will not stand for re-election at the Company’s 2022 Annual Meeting of stockholders (“Annual Meeting”).
Max materiality 0.90 · Median 0.60 · Most common event other_material