Cyngn Inc. - 8-K Filing
Cyngn reported Q1 2026 revenue of $105 thousand, up from $47 thousand in the same period last year, driven by EAS software subscriptions from DriveMod tugger deployments. The company incurred a net loss of $(6.5) million for the quarter with a net loss per share of $(0.59), compared to a net loss of $(3.9) million and $ (3.40 ) per share in Q1 2025. Cyngn also announced new deployments at Vann Family Orchards and WEG, increased autonomous missions by over 127% year-over-year, secured its 24th U.S. patent, and raised $9.65 million through a registered direct offering. (Items: 2.02 Results of Operations and Financial Condition On May 14, 2026, Cyngn Inc, 9.01 Financial Statements and Exhibits Exhibit No)
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