CYN Q2 2023 Earnings — Cyngn Inc. Revenue & Financial Results | Market Cap Arena

CYNCyngn Inc.

$13M

Q2 2023 Earnings

Technology Software - Application

Income Statement

Revenue

$550,952

Gross Profit

$88,32816.0% margin

Operating Income

-$6M-1178.9% margin

Net Income

-$6M-1153.2% margin

EPS (Diluted)

$-17.09

QoQ Revenue Growth

-36.9%

Cash Flow

Operating Cash Flow

-$5M

Free Cash Flow

-$5M

Stock-Based Comp.

$873,708

Balance Sheet

Total Assets

$16M

Total Liabilities

$2M

Stockholders' Equity

$14M

Cash & Equivalents

$3M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$550,952	$0	—
Gross Profit	$88,328	-$160,048	+155.2%
Operating Income	-$6M	-$5M	-40.8%
Net Income	-$6M	-$5M	-37.8%