Cyngn Inc. Reports Q2 2025 Revenue Increase to $80.9K; Net Loss Narrows to $5.5M with EPS at $(2.70)

CYNGN Inc. has reported its financial results for the second quarter of 2025, showing a notable increase in revenue to $80.9 thousand from $14.2 thousand in the second quarter of 2024. This revenue increase is attributed to EAS software subscriptions from DriveMod tugger vehicle deployments. The company recorded a net loss of $5.5 million for the second quarter, slightly improving from a net loss of $5.8 million in the corresponding quarter of 2024. Total costs and expenses for the quarter were $10.8 million, down by 8.3% from $11.8 million in the same period last year. This reduction in expenses was influenced by a $2.3 million decrease in R&D costs due to capitalizing costs for specific customers and software development, despite an increase in general and administrative expenses. CYNGN’s balance sheet as of June 30, 2025, shows unrestricted cash and short-term investments totaling $39.2 million, a significant rise from $23.6 million as of December 31, 2024. Working capital also increased to $40.6 million from $22.1 million at the year-end of 2024. Looking forward, CYNGN remains focused on scaling deployments and converting its commercial momentum into long-term value creation. The company is optimistic about its ability to turn pipeline developments into sustained growth, despite potential delays in revenue recognition due to the nature of its sales cycles and the industrial automation sector. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. CYNGN Inc. published the original content used to generate this news brief via PR Newswire (Ref. ID: LA45274) on August 06, 2025, and is solely responsible for the information contained therein. © Copyright 2025 - Public Technologies (PUBT)