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

Cyngn

10/05/2023 22:03

* CYNGN Inc  CYN.OQ  reported a quarterly adjusted loss
of 17
cents​​ per share for the quarter ended in March. The mean
expectation of two analysts for the quarter was for a loss of 18
cents per share.
    * Revenue was $872.00 thousand​; analysts expected $125.00
thousand. 
    * CYNGN Inc's reported EPS for the quarter was a loss of 17
cents​.
    * The mean earnings estimate of analysts had fallen by
about 2.8%
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 fallen by 19.4% this quarter and
gained 48.4% so far this year.
    * The company reported a quarterly loss of $5.63 million.
    * Wall Street's median 12-month price target for CYNGN Inc
is
$11.50 
    * 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 May
10 at 09:03 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      -0.18          -0.17          Beat
 Dec. 31 2022      -0.17          -0.16          Beat
 Sep. 30 2022      -0.20          -0.16          Beat
 Jun. 30 2022      -0.14          -0.15          Missed