Cyngn (CYN) Fiscal Q2 Revenue Jumps 289%
Cyngn (NASDAQ:CYN), a company specializing in autonomous vehicle solutions for industrial applications, released results for the second quarter of fiscal 2025 on August 7, 2025. The standout news from the report was a 289.3% increase in GAAP revenue compared to the prior year, rising to $33,726 in fiscal Q2 2025. The company's GAAP earnings per share (EPS) loss of $(2.70) beat the analyst consensus of $(2.74). A major highlight was a $32 million capital raise, boosting cash and short‑term investments (GAAP) to $39.2 million as of June 30, 2025. Overall, while the quarter showed operational and financial improvement, ongoing commercialization challenges persist as revenue remains small relative to expenses.
Source: Analyst estimates provided by FactSet. Management expectations based on management's guidance, as provided in Q1 2025 earnings report.
Cyngn builds software and integrated technology that turns industrial vehicles into autonomous systems. Its main product, DriveMod, enables automation for vehicles like tuggers and forklifts, making operations more efficient in places such as manufacturing plants and warehouses. The DriveMod package can be installed on existing vehicles or integrated into new vehicles by equipment manufacturers.
Source Fool.com
