Business
Cyngn Reports 2024 Fourth Quarter and Year-End Financial Results
Cyngn Inc. (Nasdaq: CYN) today announced financial results for its fourth quarter and year, which ended December 31, 2024.
About this update from Cyngn Inc.
[{"type":"text","content":" Recent Operating Highlights:","length":28,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Cyngn received approximately $1.3M of new bookings for DriveMod vehicles from direct sales during Q4-2024","length":105,"tagName":"p"}]},{"val":[{"type":"text","content":"Cyngn Signed Contract to Deploy DriveMod Tugger at a Major Consumer Packaged Goods Company","length":90,"tagName":"p"}]},{"val":[{"type":"text","content":"Cyngn Announced Multiple Deployments at Major Automotive Brands, including Coats.","length":81,"tagName":"p"}]},{"val":[{"type":"text","content":"Cyngn Raised $33m in December to Scale Customer Deployments and Fuel Its Growth","length":79,"tagName":"p"}]},{"val":[{"type":"text","content":"Cyngn Highlighted its Proprietary Computer Vision Advancements with NVIDIA Accelerated Computing","length":96,"tagName":"p"}]},{"val":[{"type":"text","content":"Cyngn Hired Marty Petraitis, a veteran of Industrial Automation, as VP of Sales.","length":80,"tagName":"p"}]},{"val":[{"type":"text","content":"Cyngn Successfully Completed Initial Deployment of Its DriveMod Tugger at a Major Defense Contractor","length":100,"tagName":"p"}]},{"val":[{"type":"text","content":"Cyngn Completed First Paid DriveMod Forklift Deployment at Customer Facility","length":76,"tagName":"p"}]},{"val":[{"type":"text","content":"Cyngn's Next-Generation 12,000-lb DriveMod Tugger Completed Production Builds at Motrec Facility","length":100,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":807,"olType":false},{"type":"text","content":"MENLO PARK, Calif., March 5, 2025 /PRNewswire/ -- Cyngn Inc. (Nasdaq: CYN) today announced financial results for its fourth quarter and year, which ended December 31, 2024.","length":172,"tagName":"p"},{"type":"image","alt":"Cyngn Reports 2024 Fourth Quarter and Year-End Financial Results.","displaySize":"","headline":null,"caption":"Cyngn Reports 2024 Fourth Quarter and Year-End Financial Results.","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":225,"url":"https://media.zenfs.com/en/prnewswire.com/f48a5448995f3e0b640697e51e9e3910"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/Te2xzuOTp6EcTsr4yybYOg--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTM5NztjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/f48a5448995f3e0b640697e51e9e3910","width":400,"height"...