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Cyngn | 10-Q: Quarterly report

Cyngn | 10-Q: Quarterly report

Cyngn | 10-Q：季度報表
美股sec公告 ·  05/09 16:44
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Cyngn Inc., an autonomous vehicle technology company, reported its financial results for the first quarter ended March 31, 2024. The company recognized revenue of $5,513, primarily from Enterprise Autonomy Suite (EAS) subscriptions and hardware sales. Cost of revenue was $113,776, mainly due to deployment costs. Research and development expenses increased slightly to $3.1 million, reflecting higher personnel costs and stock-based compensation. General and administrative expenses decreased to $2.7 million, attributed to lower personnel costs and professional fees. Interest income decreased to $1,327, and other income dropped to a loss of $5,047 due to an impairment charge on expired patents. The company's liquidity position included $2.2 million in cash and $2.6 million in short-term investments. Cyngn Inc. is actively seeking to enhance its operating cash flow and secure additional funding to support its operations and growth strategy. The company's future plans involve expanding its engineering and R&D team, increasing research and development costs, and targeting scaled deployments of its EAS technology in the second half of 2024.
Cyngn Inc., an autonomous vehicle technology company, reported its financial results for the first quarter ended March 31, 2024. The company recognized revenue of $5,513, primarily from Enterprise Autonomy Suite (EAS) subscriptions and hardware sales. Cost of revenue was $113,776, mainly due to deployment costs. Research and development expenses increased slightly to $3.1 million, reflecting higher personnel costs and stock-based compensation. General and administrative expenses decreased to $2.7 million, attributed to lower personnel costs and professional fees. Interest income decreased to $1,327, and other income dropped to a loss of $5,047 due to an impairment charge on expired patents. The company's liquidity position included $2.2 million in cash and $2.6 million in short-term investments. Cyngn Inc. is actively seeking to enhance its operating cash flow and secure additional funding to support its operations and growth strategy. The company's future plans involve expanding its engineering and R&D team, increasing research and development costs, and targeting scaled deployments of its EAS technology in the second half of 2024.
自動駕駛技術公司Cyngn Inc. 公佈了截至2024年3月31日的第一季度財務業績。該公司確認的收入爲5,513美元，主要來自企業自治套件（EAS）訂閱和硬件銷售。收入成本爲113,776美元，主要是部署成本造成的。研發費用略有增加至310萬美元，反映了人員成本和股票薪酬的增加。一般和管理費用降至270萬美元，原因是人事費用和專業費用降低。由於過期專利的減值費用，利息收入降至1,327美元，其他收入降至虧損5,047美元。該公司的流動性狀況包括220萬美元的現金和260萬美元的短期投資。Cyngn Inc. 正在積極尋求增加其運營現金流並獲得額外資金以支持其運營和增長戰略。該公司的未來計劃包括擴大其工程和研發團隊，增加研發成本，並計劃在2024年下半年擴大其EAS技術的部署。
自動駕駛技術公司Cyngn Inc. 公佈了截至2024年3月31日的第一季度財務業績。該公司確認的收入爲5,513美元，主要來自企業自治套件（EAS）訂閱和硬件銷售。收入成本爲113,776美元，主要是部署成本造成的。研發費用略有增加至310萬美元，反映了人員成本和股票薪酬的增加。一般和管理費用降至270萬美元，原因是人事費用和專業費用降低。由於過期專利的減值費用，利息收入降至1,327美元，其他收入降至虧損5,047美元。該公司的流動性狀況包括220萬美元的現金和260萬美元的短期投資。Cyngn Inc. 正在積極尋求增加其運營現金流並獲得額外資金以支持其運營和增長戰略。該公司的未來計劃包括擴大其工程和研發團隊，增加研發成本，並計劃在2024年下半年擴大其EAS技術的部署。
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