Cyngn, Inc., an autonomous vehicle (AV) technology company, develops autonomous driving software. It is developing Enterprise Autonomy Suite, which consists of DriveMod, a modular industrial vehicle autonomous driving software; Cyngn Insight, a customer-facing tool suite for monitoring and managing AV fleets and aggregating/analyzing data; and Cyngn Evolve, an internal tool suite and infrastructure that facilitates artificial intelligence and machine learning training to enhance algorithms and models, and provides a simulation framework to ensure that data collected in the field can be applied to validating new releases. The company was incorporated in 2013 and is headquartered in Menlo Park, California.
IPO Year: 2021
Exchange: NASDAQ
Website: cyngn.com
Date | Price Target | Rating | Analyst |
---|---|---|---|
11/16/2021 | $13.00 | Buy | Aegis Capital |
MENLO PARK, Calif., Sept. 24, 2024 /PRNewswire/ -- Cyngn Inc. (the "Company" or "Cyngn") (NASDAQ:CYN) Cyngn today announced the first build of the next-generation 12,000 lb DriveMod Tugger has been successfully completed at the facility of its OEM partner, Motrec International Inc. This key milestone achieves the previously announced upgrade that increases towing capacity from 6,000 lb to 12,000 lb and marks a step forward for integrating Cyngn's proprietary DriveMod technology with Motrec's MT-160 tow tractor at scale. The collaboration plays a crucial role in reducing produc
MENLO PARK, Calif., Sept. 10, 2024 /PRNewswire/ -- Cyngn Inc. (the "Company" or "Cyngn") (NASDAQ:CYN) today announced that its AI-powered autonomous driving solution, DriveMod, will be able to operate in outdoor environments. Organizations will be able to send the DriveMod Tugger on missions that go indoors and outdoors, giving facility managers even more opportunity to automate repetitive workflows and shift employees over to more interesting, higher-value tasks. As modern warehouses and manufacturing complexes grow ever larger—many surpassing 200,000 square feet and spanning
MENLO PARK, Calif., Sept. 4, 2024 /PRNewswire/ -- Cyngn Inc. (the "Company" or "Cyngn") (NASDAQ:CYN) today announced the official granting of a new patent, U.S. Patent No. 12,032,099, which introduces a method to maintain the accuracy of data collected by an autonomous vehicle's sensors as the vehicle moves. At its core, the patent optimizes sensor data processing by integrating advanced LiDAR and image technologies. By initially capturing comprehensive environmental data, the system then calculates and adjusts for any time delay between data acquisition and processing. Crucia
Recent Operating Highlights: Joined John Deere supply baseRolled out partnership with RobotLAB, adding the autonomous DriveMod Tugger vehicles to its portfolio of 200+ robotsReceived a notice of allowance for a 20th U.S. patent, and 21st U.S. patent for its AI-powered autonomous vehicle solutionsHighlighted its proprietary computer vision advancements with NVIDIA accelerated computingExpanded the Cyngn Dealer Network to include Alta Equipment Group, with more than $1 billion in annual salesMENLO PARK, Calif., Aug. 7, 2024 /PRNewswire/ -- Cyngn (or the "Company) (NASDAQ:CYN), developer of industrial autonomous vehicles, today announced financial results for its second quarter, ended Jun 30, 2
MENLO PARK, Calif., July 22, 2024 /PRNewswire/ -- Cyngn Inc. (NASDAQ:CYN) (or the "Company") announced today that it has received a notice from Nasdaq confirming that the Company has regained compliance with the Nasdaq's Capital Market's minimum bid price requirement of $1.00 per share. The notice from Nasdaq indicates that the Company is in compliance with the Nasdaq Capital Market's listing requirements and the Company's common stock will continue to be listed and traded on Nasdaq. In addition to achieving compliance with NASDAQ's listing standards, Cyngn confirms that despi
MENLO PARK, Calif., July 11, 2024 /PRNewswire/ -- Cyngn Inc. (NASDAQ:CYN) today announced the expansion of its dealer network to include Alta Equipment Group. The purveyor of both construction and material handling equipment will begin selling Cyngn's autonomous DriveMod Tugger. The DriveMod Tugger bundles Cyngn's autonomous vehicle technology with Motrec's MT-160. "Alta has an impressive record of sales, and we are thrilled to have Cyngn's autonomous vehicles included in their catalog," said Lior Tal, CEO of Cyngn. "Motrec's industrial vehicles are renowned for their high tow
MENLO PARK, Calif., July 9, 2024 /PRNewswire/ -- Cyngn Inc. (the "Company" or "Cyngn") (NASDAQ:CYN) today announced the notice of allowance for a new patent for the Company's autonomous vehicle (AV) solutions. This patent introduces an adaptive decision making method designed to enhance how AVs operate in real-world environments in response to other detected objects. AVs rely on sensors to scan and understand their surroundings, which enables detection of nearby objects. This patent describes a method to apply driving rules and rules associated with detected objects to inform
MENLO PARK, Calif., July 2, 2024 /PRNewswire/ -- Cyngn Inc. (the "Company" or "Cyngn") (NASDAQ:CYN) today announced that it will proceed with a 1-for-100 reverse stock split ("Reverse Stock Split") of its outstanding shares of Common Stock following approval by its Board of Directors. This ratio is within the ratio range approved by stockholders at the Company's annual stockholder meeting held on June 25, 2024. The Reverse Stock Split is expected to become effective at 5 p.m., Eastern Time, on July 3, 2024. Cyngn expects the Company's Common Stock will begin trading on a post-
MENLO PARK, Calif., June 12, 2024 /PRNewswire/ -- Cyngn Inc. (NASDAQ:CYN) has announced progress of its proprietary computer vision (CV) technology for industrial autonomous machines, built on NVIDIA accelerated computing. This announcement showcases the cutting-edge capabilities of Cyngn's DriveMod solutions, highlighting how NVIDIA hardware and CUDA acceleration libraries have enabled Cyngn to develop differentiated self-driving features with artificial intelligence (AI), CV, and localization and mapping. The DriveMod system has been successfully deployed on material handlin
MENLO PARK, Calif., May 31, 2024 /PRNewswire/ -- Cyngn Inc. (the "Company" or "Cyngn") (NASDAQ:CYN) issued a letter from the CEO — Dear Cyngn Shareholders: As most of you are aware, our annual shareholder meeting is scheduled for June 25, 2024 and proxy materials containing several critical matters requiring shareholder approval have been distributed. The matter I wanted to talk to you about today is granting discretionary authority to our Board of Directors to affect a reverse stock split. We consider the reverse stock split a last measure to regain compliance with Nasdaq's $
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Aegis Capital initiated coverage of Cyngn with a rating of Buy and set a new price target of $13.00
MENLO PARK, Calif., May 1, 2024 /PRNewswire/ -- Cyngn Inc. (the "Company" or "Cyngn") (NASDAQ:CYN) will announce its fiscal first quarter 2024 financial results for the period ended March 31, 2024, on Wednesday, May 8, 2024, after the close of market. The financial results will be available on the Cyngn website under "News & Events" at https://investors.cyngn.com/. The Company will not host an earnings call. About CyngnCyngn develops and deploys scalable, differentiated autonomous vehicle technology for industrial organizations. Cyngn's self-driving solutions allow existing wo
MENLO PARK, Calif., Feb. 27, 2024 /PRNewswire/ -- Cyngn, Inc. (the "Company" or "Cyngn") (NASDAQ:CYN) will announce its 2023 fourth quarter and year-end financial results for the period ended December 31, 2023, on Wednesday, March 6, 2024, after the close of market. The financial results will be available on the Cyngn website under "News & Events" at https://investors.cyngn.com/. The Company will not host an earnings call. About CyngnCyngn develops and deploys scalable, differentiated autonomous vehicle technology for industrial organizations. Cyngn's self-driving solutions a
MENLO PARK, Calif., Oct. 10, 2023 /PRNewswire/ -- Cyngn Inc. (the "Company" or "Cyngn") (NASDAQ:CYN), a developer of AI-powered autonomous driving solutions for industrial applications, recently announced a pro rata 10% dividend of its common stock approved by its board of directors. That announcement was made on the October 2, 2023 press release referenced here. Cyngn stockholders should be aware of the following dates: October 20, 2023: Ex-Dividend Date1 October 23, 2023: Record Date2 October 30, 2023: Distribution Date3 Stockholders will receive one share of Cyngn common
MENLO PARK, Calif., Oct. 2, 2023 /PRNewswire/ -- Cyngn Inc. (the "Company" or "Cyngn") (NASDAQ:CYN), a developer of AI-powered autonomous driving solutions for industrial applications, today announced that its board of directors has approved a pro rata 10% dividend of its common stock. The dividend will be paid on October 30, 2023 (the "Distribution Date") to all holders of record of the Company's common stock as of the close of business on October 23, 2023 (the "Record Date"). Stockholders will receive one share of Cyngn common stock for every ten shares of Cyngn common stock they hold on the Record Date.
Quarterly revenue of $0.6 million following successful achievement of milestones on autonomous vehicle development contracts MENLO PARK, Calif., Aug. 9, 2023 /PRNewswire/ -- Cyngn Inc. (the "Company" or "Cyngn") (NASDAQ:CYN), a developer of AI-powered autonomous driving software solutions for industrial applications, today announced its financial results for the fiscal second quarter ended June 30, 2023. Recent Operating Announcements: Pre-order for 100 autonomous DriveMod Forklifts from Arauco - a global supplier of sustainable forestry products, paper pulp, and engineered w
MENLO PARK, Calif., July 25, 2023 /PRNewswire/ -- Cyngn, Inc. (the "Company" or "Cyngn") (NASDAQ:CYN), a developer of AI-powered autonomous driving software solutions for industrial applications, will announce its fiscal second quarter 2023 financial results for the period ended June 30, 2023, on Wednesday, August 9, 2023, after the close of market. The Company will host an earnings call at 1:30pm PDT / 4:30 pm EDT. A live webcast of the call will be available on the Cyngn website under "Events & Presentations" at https://investors.cyngn.com/. A replay of the call will also
Quarterly revenue of $0.9 million from autonomous vehicle development contracts Cyngn Inc. (the "Company" or "Cyngn") (NASDAQ:CYN), a developer of AI-powered autonomous driving software solutions for industrial applications, today announced its financial results for the fiscal first quarter ended March 31, 2023. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230510005259/en/Cyngn 1Q23 Earnings Release (Graphic: Business Wire) Recent Operating Highlights: Announced automated robotics sales veteran Chris Wright as Head of Sales Delivered autonomous vehicles to U.S Continental Inc., the first commercial deployment of the Co
Cyngn, Inc. (the "Company" or "Cyngn") (NASDAQ:CYN), a developer of AI-powered autonomous driving software solutions for industrial applications, will announce its fiscal first quarter 2023 financial results for the period ended March 31, 2023, on Wednesday, May 10, 2023, after the close of market. The Company will host an earnings call at 1:30pm PDT / 4:30 pm EDT. A live webcast of the call will be available on the Cyngn website under "Events & Presentations" at https://investors.cyngn.com/. A replay of the call will also be available via this link. To participate via telephone: Toll-Free: 877-407-0890 International: 201-389-0918 About Cyngn Cyngn d
Cyngn, Inc. (the "Company" or "Cyngn") (NASDAQ:CYN), a developer of innovative autonomous driving software solutions for industrial applications, will announce its fiscal fourth quarter and year-end 2022 financial results for the period ended December 31, 2022, on Wednesday, March 15, 2023, after the close of market. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230308005217/en/4Q22 & FY2022 Earnings Call: March 15, 2023 (Graphic: Business Wire) The Company will host an earnings call at 1:30pm PDT / 4:30 pm EDT the same day. As the call will include a video presentation, Cyngn recommends viewing the live webcast of the call whic
Company to Host Conference Call Today at 2 p.m. PT/5 p.m. ET Cyngn Inc. (the "Company" or "Cyngn") (NASDAQ:CYN), a developer of innovative autonomous driving software solutions for industrial and commercial applications, today announced its financial results for the third quarter and nine months ended September 30, 2022. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20221109005947/en/Cyngn announces its financial results for the third quarter and nine months ended September 30, 2022, after the close of the stock market on November 9, 2022. The Company is also hosting its earnings call that same day. Source: Cyngn Recent Operating
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MENLO PARK, Calif., July 11, 2024 /PRNewswire/ -- Cyngn Inc. (NASDAQ:CYN) today announced the expansion of its dealer network to include Alta Equipment Group. The purveyor of both construction and material handling equipment will begin selling Cyngn's autonomous DriveMod Tugger. The DriveMod Tugger bundles Cyngn's autonomous vehicle technology with Motrec's MT-160. "Alta has an impressive record of sales, and we are thrilled to have Cyngn's autonomous vehicles included in their catalog," said Lior Tal, CEO of Cyngn. "Motrec's industrial vehicles are renowned for their high tow
Cyngn Inc. (the "Company" or "Cyngn") (NASDAQ:CYN), a developer of innovative autonomous driving software solutions for industrial applications, today announced the appointment of Bill Ong as Head of Corporate Planning and Strategy, and Ben Mimmack as Head of Investor Relations, signaling the company's commitment to Investor Relations. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230125005068/en/Bill Ong, Head of Planning & Strategy; Ben Mimmack, Head of Investor Relations at Cyngn (Graphic: Business Wire) Bill Ong brings nearly 40 years of background in investor relations, corporate finance, engineering, and Wall Street experi
Cyngn Inc. (the "Company" or "Cyngn") (NASDAQ:CYN), a developer of innovative autonomous driving software solutions for industrial and commercial applications, today announced the appointment of Chris Wright as Head of Sales. Wright has over 30 years of experience in sales, bringing a wealth of knowledge and industry expertise in both robotics and manufacturing. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230119005098/en/Cyngn Head of Sales: Chris Wright (Graphic: Business Wire) Chris Wright brings extensive experience and sales leadership in the robotics industry. Most notably, Wright served as Vice President of Sales from 20
Seasoned technology leader will help expand company's sales efforts MEDFORD, Ore., July 26, 2022 /PRNewswire/ --Today, Hunter Communications announced the appointment of IT industry veteran, Ehrika Gladden, to the company's board of directors. Gladden brings more than three decades of progressive executive leadership experience, managing IT and telecom divisions, and will aid in the development of Hunter's sales strategy and efforts to increase market penetration throughout Oregon. "I'm honored to welcome Ehrika to our board of directors," said Michael Wynschenk, CEO, Hunter C
Cyngn (NASDAQ:CYN) (the "Company"), a developer of innovative autonomous driving software solutions for industrial and commercial enterprises, today announced the appointment of Marc Brown as Vice President of Human Resources. Marc has over 20 years of experience in building high-performance, innovative teams and driving business results through people and integrated HR strategies at fast-growing global organizations. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220121005518/en/Marc Brown joins Cyngn as its Vice President of Human Resources. Source: Cyngn Marc will play a critical role in supporting the Company's rapid growth a
Cyngn's (NYSE:CYN) short percent of float has fallen 80.89% since its last report. The company recently reported that it has 2.83 million shares sold short, which is 2.02% of all regular shares that are available for trading. Based on its trading volume, it would take traders 1.0 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Short interest is impor
Shares of The Charles Schwab Corporation (NYSE:SCHW) fell sharply during Tuesday's session following second-quarter results. Charles Schwab said adjusted net income declined 2% Y/Y to $1.465 billion. Adjusted EPS fell 3% Y/Y to 73 cents, beating the consensus of 72 cents, according to data from Benzinga Pro. Charles Schwab shares dipped 7.5% to $69.42 on Tuesday. Here are some other stocks moving in today’s mid-day session. Gainers Yoshitsu Co., Ltd (NASDAQ:TKLF) jumped 109% to $0.6437 after the company reported a year-over-year increase in FY24 financial results. Silo Pharma, Inc. (NASDAQ:SILO) shares climbed 95.4% to $2.12 after the company obtained an exclusive global l
U.S. stocks traded higher this morning, with the Dow Jones index rising more than 400 points on Tuesday. Following the market opening Tuesday, the Dow traded up 1% to 40,614.31 while the NASDAQ rose 0.14% to 18,498.00. The S&P 500 also rose, gaining, 0.33% to 5,649.84. Check This Out: Wall Street’s Most Accurate Analysts Weigh In On 3 Industrials Stocks Delivering High-Dividend Yields Leading and Lagging SectorsIndustrials shares jumped by 1.2% on Tuesday. In trading on Tuesday, energy shares fell by 0.6%. Top Headline U.S. retail sales came in flat month-over-month for June compared to a revised 0.3% gain in the previous period. Equities Trading UP
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Shares of Cyngn Inc. (NASDAQ:CYN) moved higher Monday potentially following significant announcements last week. Here’s what you need to know. What happened: Last week, Cyngn received a notice of allowance for its 21st U.S. patent, introducing an adaptive decision-making method to enhance AV operations. This milestone underscores Cyngn’s dedication to advancing autonomous vehicle technology, building on its 16 U.S. patents secured in 2023. Additionally, Cyngn announced the expansion of its dealer network to include Alta Equipment Group, which will sell Cyngn’s autonomous DriveMod Tugger. This partnership leverages Alta’s extensive dealer coverage across North America, enhancing the dis
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