Cyngn Inc. (CYN)

Cyngn's stock has experienced significant volatility and a substantial decline over the past year. Key events include a 1-for-150 reverse stock split in February 2025, multiple financing rounds completed in June 2025 raising approximately $32.2 million, a partnership with NVIDIA in June 2025 that led to a 298% stock surge, the appointment of Natalie Russell as CFO and a reported 289% jump in fiscal Q2 revenue in August 2025, a 12% stock surge following a DriveMod deployment with G&J Pepsi in October 2025, and the delay of its 10-Q filing and the resignation of VP Ben Landen in November 2025, with the stock reaching an all-time low of $2.62 on November 18, 2025.

Explicit information regarding the demand seasonality for Cyngn, Inc.'s products and services is not readily available. The company operates in the industrial automation sector, providing autonomous vehicle technology to industries such as logistics and distribution, manufacturing, construction and heavy industry, and mining. The direct impact of seasonality on Cyngn's specific autonomous vehicle software and deployment services is not detailed, as the company's solutions aim to address ongoing challenges like labor shortages and safety incidents, which are generally persistent needs rather than strictly seasonal.

Cyngn, Inc., founded in 2013 and based in Mountain View, California, is an autonomous vehicle (AV) technology company that operates in the Technology sector, focusing on developing autonomous driving software for industrial organizations. The company's primary offerings include the Enterprise Autonomy Suite, which comprises DriveMod, a modular industrial vehicle autonomous driving software; Cyngn Insight, a customer-facing tool suite for monitoring and managing AV fleets; and Cyngn Evolve, an internal tool suite and infrastructure for AI and machine learning training. Cyngn's technology aims to address challenges such as labor shortages and safety incidents in industrial settings.

Cyngn develops and deploys its autonomous driving software and systems primarily in the United States. The company has also expanded its deployments to include automotive Original Equipment Manufacturers (OEMs) and Tier-1 Suppliers across the United States and Mexico. Its headquarters are located in Mountain View, California.

Cyngn has made strides in its brand reputation through customer deployments with companies like Coats, U.S. Continental, and G&J Pepsi, strategic partnerships with John Deere, Rivian, and RobotLAB, and technological advancements including securing 21 patents and launching an "auto-unhitch" feature. However, the company's reputation has also been impacted by financial concerns, including significant revenue challenges, a "going concern" warning from auditors, and stock dilution and a reverse split.

Cyngn's ownership is distributed among institutional shareholders (3.81%), company insiders (59.34%), and retail investors (36.85%). Major institutional owners include Vanguard Group Inc., UBS Group AG, Geode Capital Management, Llc, State Street Corp., and Northern Trust Corp. Significant individual and insider shareholders include Redpoint Ventures IV LP, Lior Tal (CEO), Benchmark Capital Management Co VII LLC, and others. Shareholders have experienced substantial dilution in the past year, with total shares outstanding growing significantly.