Latest news with #DriveMod
Yahoo
30-07-2025
- Automotive
- Yahoo
Cyngn Announces Date for Second Quarter 2025 Financial Results
MOUNTAIN VIEW, Calif., July 30, 2025 /PRNewswire/ -- Cyngn, Inc. (the "Company" or "Cyngn") (Nasdaq: CYN) will announce its fiscal second quarter 2025 financial results for the period ended June 30, 2025, on Wednesday, August 6, 2025, after the close of market. The financial results will be available on the Cyngn website under "News & Events" at The Company will not host an earnings call. About CyngnCyngn develops and deploys autonomous vehicle technology for industrial organizations like manufacturers and logistics companies. The Company addresses significant challenges facing industrial organizations today, such as labor shortages and costly safety incidents. Cyngn's DriveMod technology empowers customers to seamlessly bring self-driving technology to their operations without high upfront costs or infrastructure installations. DriveMod is currently available on Motrec MT-160 Tuggers and BYD Forklifts. The DriveMod Tugger hauls up to 12,000 lbs, travels inside and out, and targets a typical payback period of less than 2 years. The DriveMod Forklift lifts heavy loads that use non-standard pallets and is currently available to select customers. For all terms referenced within, please refer to the Company's annual report on Form 10-K with the SEC filed on March 6, 2025. Where to Find Cyngn Website: Investor Contact:Natalie Russellinvestors@ Media ContactLuke Rennermedia@ Forward-Looking Statements This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Any statement that is not historical in nature is a forward-looking statement and may be identified by the use of words and phrases such as "expects," "anticipates," "believes," "will," "will likely result," "will continue," "plans to," "potential," "promising," and similar expressions. These statements are based on management's current expectations and beliefs and are subject to a number of risks, uncertainties and assumptions that could cause actual results to differ materially from those described in the forward-looking statements, including the risk factors described from time to time in the Company's reports to the he Securities and Exchange Commission (SEC), including, without limitation the risk factors discussed in the Company's annual report on Form 10-K filed with the SEC on March 6, 2025. Readers are cautioned that it is not possible to predict or identify all the risks, uncertainties and other factors that may affect future results. No forward-looking statement can be guaranteed, and actual results may differ materially from those projected. Cyngn undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future events, or otherwise. View original content to download multimedia: SOURCE Cyngn Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
02-07-2025
- Automotive
- Yahoo
Cyngn Readies for Next Phase of Growth with Funding Secured Through 2027
Cyngn raised $32M last week and are funded through 2027 DriveMod vehicles have been deployed across multiple industries, including manufacturing, automotive, logistics, and CPG. The company is accelerating its product development via new partnerships with NVIDIA and a relocation to a new, larger facility. The company is leveraging AI across the business to accelerate the development and deployment of its products. MOUNTAIN VIEW, Calif., July 2, 2025 /PRNewswire/ -- Today, Cyngn (Nasdaq: CYN) issued a letter from the CEO: Cyngn Shareholders: Last week, Cyngn completed a $32 million capital raise, fully utilizing our shelf registration. This funding strengthens our balance sheet and enables us to continue executing our growth plans, without the need to raise additional capital in the near term. Our autonomous DriveMod vehicles are now operating in warehouse aisles and across factory floors around the clock, delivering measurable improvements to safety, productivity, and labor costs. In recent months, we've deployed DriveMod-enabled vehicles at several new sites across industries, including manufacturing, automotive, logistics, and consumer-packaged goods. For our clients, our autonomous vehicles are becoming part of how critical work gets done and provide them a competitive advantage. To keep up with this demand, we've relocated into a new headquarters office in Mountain View that includes larger test and demonstration areas to support our product development and increase on-site selling activities. Similarly, our collaboration with NVIDIA has helped us move faster. Isaac Sim is a high-fidelity simulation environment that enables us to bring new capabilities to market safely, quickly and affordably. We remain committed to advancing the next generation of industrial autonomy. With 23 patents granted to date, our growing intellectual property portfolio reflects the depth of innovation happening across our engineering and R&D teams. As we scale, we will continue investing in the core technologies that differentiate DriveMod and position Cyngn as a long-term leader in autonomous vehicle solutions for industrial environments. We are also increasingly harnessing advanced generative AI and AI agents across our R&D, product development, and customer-facing tools. These technologies act as a force multiplier, enabling our teams to work more efficiently, iterate faster, and unlock new capabilities without a proportional increase in resources. By integrating AI into our workflows, we're giving our developers the tools they need to move quickly and cost-effectively, accelerating innovation across the company. We now have the resources, the technology, and the market traction to focus entirely on execution. Our goal is simple: convert momentum into scale, and do it with discipline, precision, and long-term conviction. Sincerely, Lior TalCEO, Cyngn About Cyngn Cyngn develops and deploys autonomous vehicle technology for industrial organizations like manufacturers and logistics companies. The Company addresses significant challenges facing industrial organizations today, such as labor shortages and costly safety incidents. Cyngn's DriveMod technology empowers customers to seamlessly bring self-driving technology to their operations without high upfront costs or infrastructure installations. DriveMod is currently available on Motrec MT-160 Tuggers and BYD Forklifts. The DriveMod Tugger hauls up to 12,000 lbs, travels inside and out, and targets a typical payback period of less than 2 years. The DriveMod Forklift lifts heavy loads that use non-standard pallets and is currently available to select customers. For all terms referenced within, please refer to the Company's annual report on Form 10-K with the SEC filed on March 6, 2025. Investor Contact: Natalie Russell, Interim CFO investors@ Media Contact: Luke Renner, Head of Marketing media@ Where to Find Cyngn: Website: X: LinkedIn: YouTube: Forward-Looking Statements This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Any statement that is not historical in nature is a forward-looking statement and may be identified by the use of words and phrases such as "expects," "anticipates," "believes," "will," "will likely result," "will continue," "plans to," "potential," "promising," and similar expressions. These statements are based on management's current expectations and beliefs and are subject to a number of risks, uncertainties and assumptions that could cause actual results to differ materially from those described in the forward-looking statements, including the risk factors described from time to time in the Company's reports to the Securities and Exchange Commission (SEC), including, without limitation the risk factors discussed in the Company's annual report on Form 10-K filed with the SEC on March 6, 2025. Readers are cautioned that it is not possible to predict or identify all the risks, uncertainties and other factors that may affect future results. No forward-looking statement can be guaranteed, and actual results may differ materially from those projected. Cyngn undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future events, or otherwise. 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Forbes
28-06-2025
- Automotive
- Forbes
Cyngn Stock: Should You Buy The Nvidia Hype?
Cyngn (NASDAQ:CYN) stock has surged over 300% in just two trading days after AI chip titan Nvidia named the company in a blog post as one of a select group of robotics innovators using its Isaac robotics platform to build autonomous industrial vehicles. Cyngn specializes in autonomous vehicle technology tailored for industrial and logistics applications. Isaac is Nvidia's robotics platform that combines AI models for perception, reasoning, and control, serving as an open foundation model for robotic skills and decision-making. Cyngn's flagship product, DriveMod, retrofits existing industrial vehicles such as forklifts, turning them into autonomous machines. The announcement from Nvidia comes ahead of Automatica 2025, a major global automation and robotics event where Cyngn is set to showcase its latest technologies. Cyngn's vehicles, which integrate Nvidia's Isaac platform with its own DriveMod software, are already operating in live commercial environments, catering to customers in logistics, manufacturing, and automotive sectors. Although these tools could play an increasing role in streamlining operations and reducing labor costs, investors should be cautious when it comes to Cyngn's stock. But, if you are looking for an upside with a smoother ride than an individual stock, consider the High Quality portfolio, which has outperformed the S&P, and clocked >91% returns since inception. JINHUA, CHINA - OCTOBER 25: Automated robotic arms work on the assembly line of new energy vehicles ... More at a factory of Chinese EV startup Leapmotor on October 25, 2023 in Jinhua, Zhejiang Province of China. (Photo by Hu Xiaofei/VCG via Getty Images) VCG via Getty Images Cyngn Is Still A Risky Bet Cyngn is still in the early stages of commercialization, with Q1 revenue of a mere $47,200, despite strong growth from a small base. Revenue volatility remains a concern. Over the past year, sales actually declined by 34.1%, falling from $0.6 million to $0.4 million, while the broader S&P 500 saw average revenue growth of 5.5%. Cyngn also posted a net loss of $7.6 million in Q1, reflecting continued heavy investment in R&D and scaling up its operations. The company recently announced a $15 million direct offering at $5.01 per share, providing additional capital but also diluting existing shareholders. With a high cash burn rate, Cyngn may need to raise more funds in the future. Valuation is also stretched. Cyngn trades at a price-to-sales (P/S) ratio of 43.5, compared to 3.1 for the S&P 500. It's also worth noting that the recent rally was sparked largely by Nvidia's mention, not an exclusive partnership or contract. Cyngn is one of more than ten companies featured in Nvidia's blog post, and likely just one of many that will leverage Isaac moving forward. With limited revenue, significant losses, and a recent share issuance, the rally appears driven more by speculation, rather than business fundamentals. (Related: QuantumScape: 40x Upside For QS Stock?) While you would do well to be cautious about CYN stock for now, you could explore the Trefis Reinforced Value (RV) Portfolio, which has outperformed its all-cap stocks benchmark (combination of the S&P 500, S&P mid-cap, and Russell 2000 benchmark indices) to produce strong returns for investors. Why is that? The quarterly rebalanced mix of large-, mid- and small-cap RV Portfolio stocks provided a responsive way to make the most of upbeat market conditions while limiting losses when markets head south, as detailed in RV Portfolio performance metrics
Yahoo
26-06-2025
- Automotive
- Yahoo
Cyngn (CYN) Skyrockets Nearly 500%--Thanks to Nvidia's Backing
June 26 - Cyngn (NASDAQ:CYN) shares soared as much as 500% Thursday morning after the industrial automation company revealed a partnership with Nvidia (NASDAQ:NVDA) to feature its autonomous vehicles at Automatica 2025. Warning! GuruFocus has detected 4 Warning Signs with CYN. The vehicles, powered by Nvidia's Isaac robotics platform and Cyngn's in-house DriveMod software, are designed to support automation in sectors like logistics and manufacturing. The collaboration aims to improve operational safety and efficiency across commercial sites. Cyngn was one of several robotics firms chosen to demonstrate Nvidia-powered technologies at the global event. Automatica 2025 is viewed as a key venue for showcasing AI-driven systems in real-world industrial environments. The stock's sharp move comes after a challenging 12 months, during which Cyngn lost nearly all its market value. The company faced delisting risks due to prolonged share price weakness and missed earnings expectations across four consecutive quarters. Cyngn regained Nasdaq compliance in March 2025. Nvidia shares were up about 1% in the same session. While it remains to be seen whether the partnership will translate into broader adoption, Thursday's rally reflects investor optimism over Cyngn's tech alignment with a major AI player. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Time of India
26-06-2025
- Automotive
- Time of India
Nvidia's 'one line' has led to almost 500% jump in this technology company's stock, biggest single-day surge of 2025 on Wall Street
FILE - (AP Photo/Chiang Ying-ying, File) Cyngn Inc, a little-known industrial robotics company, has captured Wall Street's attention with a staggering 483% single-day stock surge on Thursday (June 26), skyrocketing from $5 to over $29.25 in just 15 minutes of trading. The catalyst? A subtle nod from Nvidia CEO Jensen Huang in a developer blog post that sent trading volume soaring past 44 million shares -- exceeding the stock's entire 2025 volume combined. The frenzy began Tuesday when Nvidia's blog highlighted Cyngn as a key player among robotics innovators using its AI-powered Nvidia Isaac platform for safe, scalable automation in dynamic environments. What is the Nvidia deal all about The mention, part of a press release during the Automatica 2025 robotics event, marked Cyngn's first appearance on Nvidia's official site. While the market initially slept on the news, momentum built late Wednesday, erupting into Thursday's explosive rally. The collaboration highlights how Cyngn is leveraging the Nvidia Isaac robotics platform to power next-generation autonomous vehicle solutions for industrial applications. 'Cyngn Inc. today announced its collaboration with Nvidia as part of the Automatica 2025 robotics and automation showcase. As featured in NVIDIA's recent blog post, Cyngn was selected among a handful of robotics innovators using NVIDIA Isaac technologies to accelerate safe, scalable autonomy across dynamic, real-world environments.' Cyngn, based in Mountain View, California, specializes in its DriveMod technology, which transforms industrial vehicles like forklifts and tuggers into autonomous mobile robots (AMRs) capable of handling loads up to 12,000 pounds. Requiring no infrastructure changes, DriveMod targets warehouses, factories, and outdoor industrial zones, offering cost-effective automation solutions. The company's integration of Nvidia Isaac enhances its robots' ability to make real-time decisions in complex settings, earning it credibility as a robotics 'leader' in Nvidia's eyes. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 이걸 발견한 후로 다른 모든 게임을 하지 않게 됐어요! 레이드 섀도우 레전드 설치하기 Undo From 100% drop in stock to 500% jump This sudden spotlight contrasts sharply with Cyngn's struggles. The company, public since 2021, reported just $368,000 in revenue for 2024 and $47,000 in Q1 2025, missing analyst estimates for four consecutive quarters. Its stock plummeted 100% over the past year, narrowly regaining Nasdaq compliance in March 2025 after failing to meet the exchange's minimum bid price. Yet, Thursday's rally propelled Cyngn's market cap above $35 million, driven by what traders call Nvidia's 'halo effect'—a phenomenon previously seen with stocks like Navitas Semiconductor, which surged after joining Nvidia's supply chain. AI Masterclass for Students. Upskill Young Ones Today!– Join Now
