Cyngn Inc Reports Results For The Quarter Ended In December: Earnings Summary

Cyngn

15/03/2023 21:02

* CYNGN Inc  CYN.OQ  reported a quarterly adjusted loss
of 16
cents​​ per share for the quarter ended in December. The mean
expectation of two analysts for the quarter was for a loss of 17
cents per share.
    * Revenue was $262.00 thousand​; analysts expected zero. 
    * CYNGN Inc's reported EPS for the quarter was a loss of 16
cents​.
    * The mean earnings estimate of analysts was unchanged in
the last
three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company. 
    * CYNGN Inc shares had risen by 48.5% this quarter.
    * The company reported a quarterly loss of $5.55 million.
    * Wall Street's median 12-month price target for CYNGN Inc
is
$10.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 2 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
March 15 at 09:01 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2022      -0.17          -0.16          Beat
 Sep. 30 2022      -0.20          -0.16          Beat
 Jun. 30 2022      -0.14          -0.15          Missed
 Mar. 31 2022      -0.12          -0.14          Missed