Cyngn shares close at $0.2513 as third-quarter results remain unverified
Key Facts
Cyngn shares, trading under the ticker CYN, closed at $0.2513 in the Nov. 11, 2026 session, according to EL7 data. The close came on the eve of the news date tied to the company's third-quarter results, but details of the results and the additional order attributed to a Fortune 100 customer could not be verified in open sources. Accordingly, no confirmed figures are available here for the company's cash at the end of the third quarter or whether it received a new order during the period. Cyngn announced in September a follow-on order from a Fortune 100 heavy-equipment manufacturer to expand the use of its DriveMod Tugger vehicle to an additional production line. The company did not name the customer for competitive reasons, according to the announcement reported by Investing.com, citing Reuters.
Second-quarter results published in August provide financial context from before the quarter covered by the news. Cyngn said unrestricted cash and short-term investments totaled $39.7 million on June 30, 2026, and that the company had no debt. That balance is from the end of the second quarter and does not establish liquidity at the end of the third quarter. In the same period, the company recorded revenue of $144.5 thousand, compared with $33.7 thousand in the second quarter of 2025. Cyngn attributed the revenue to EAS software subscriptions tied to deployments of DriveMod Tugger vehicles, according to its earnings release.
For the first half, revenue was $249 thousand, compared with $80.9 thousand in the same period of 2025, according to the second-quarter earnings announcement. But net loss widened to $12.8 million in the first half of 2026 from $9.4 million in the first half of the previous year. The company said commercial execution had lagged its expectations, and that it had made changes to sales leadership and focused on qualifying opportunities and sales-pipeline accountability. These figures put the reported revenue growth in the context of rising losses and commercial execution challenges, and do not on their own provide evidence of third-quarter results.
Operationally, Cyngn said its fleet had completed more than 11,600 missions from the start of 2026 through Oct. 9, and that September marked the fleet's highest monthly activity level to that point. The mission count reflects vehicle use at customer sites, while reported second-quarter revenue remained tied to software subscriptions and DriveMod Tugger deployments. The company also announced on Oct. 26 that it had completed a SOC 2 Type II examination with no exceptions and launched an enterprise trust center. These developments followed the September announcement of the follow-on order from a Fortune 100 manufacturer, but do not by themselves establish the order's revenue value or its effect on the financial statements.
No announced date for the next financial results after the second-quarter earnings release appeared on the open investor-relations page. As a result, no confirmed date for publishing third-quarter results was available in the information posted there. The stock's close at $0.2513 on Nov. 11 remains the available market figure in the context of this report, while no confirmed figure for third-quarter-end liquidity or details of that quarter's results can be attributed based on the listed open sources.