CYN Q2 2024 Earnings — Cyngn Inc. Revenue & Financial Results | Market Cap Arena

CYNCyngn Inc.

$13M

Q2 2024 Earnings

Technology Software - Application

Income Statement

Revenue

$8,665-98.4% YoY

Gross Profit

-$234,854-2710.4% margin

Operating Income

-$6M-67076.7% margin

Net Income

-$6M-67154.7% margin

EPS (Diluted)

$-6.53

QoQ Revenue Growth

+57.2%

Cash Flow

Operating Cash Flow

-$2M

Free Cash Flow

-$2M

Stock-Based Comp.

$615,651

Balance Sheet

Total Assets

$12M

Total Liabilities

$2M

Stockholders' Equity

$10M

Cash & Equivalents

$6M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$8,665	$550,952	-98.4%
Gross Profit	-$234,854	$88,328	-365.9%
Operating Income	-$6M	-$6M	+10.5%
Net Income	-$6M	-$6M	+8.4%

Revenue Segments

Subscription and Circulation

$3,624100%