Cyngn (CYN)

• Cyngn tripled the number of autonomous DriveMod Tuggers sold in 2025 compared to 2024, reflecting accelerating customer adoption and expanded operational activity.
• The company anticipates additional deployments in early 2026, including multi-vehicle implementations and fleet expansions at existing customer sites.
• This update follows Cyngn's $32 million funding raise and expanded collaboration with NVIDIA for next-generation autonomous vehicle development.

• Cyngn announced a new purchase order from G&J Pepsi for a multi-vehicle expansion of its DriveMod Tugger program.
• This order signifies a continuation of G&J Pepsi's strategy to implement scaled autonomy across its distribution network.
• G&J Pepsi, the largest independent Pepsi bottler in the United States, is expanding its autonomous vehicle program due to the consistent performance and broad applicability of Cyngn's technology.
• The expansion builds upon a previously announced DriveMod deployment, with G&J Pepsi committing to additional vehicles before finalizing their specific facility assignments.

• Cyngn Inc. reported Q3 2025 revenue of $70 thousand and a net loss of $(8.4) million, resulting in a net loss per share of $(1.20). For the nine months ended September 30, 2025, revenue was $150.9 thousand and the net loss was $(17.8) million, with a net loss per share of $(5.20).
• The company's unrestricted cash and short-term investments increased to $34.9 million as of September 30, 2025, from $23.6 million at December 31, 2024, securing funding that extends its cash runway through 2027.
• Operational highlights include the deployment of the DriveMod Tugger at G&J Pepsi and Coats, the appointment of Natalie Russell as Chief Financial Officer, and the expansion of its sales organization.

• Cyngn reported its Q3 2025 financial results, with revenue, net loss, and net loss per share detailed below.
• The company's balance sheet as of September 30, 2025, shows strengthened financial positions, including cash and short-term investments, working capital, and stockholders' equity, with no debt.
• Cyngn has extended its financial runway through 2027 and appointed Natalie Russell as Chief Financial Officer to strengthen financial leadership.
• Operational progress includes the deployment of the DriveMod Tugger at G&J Pepsi and Coats, and securing its 23rd U.S. patent.

Financial Performance

Balance Sheet Highlights Calculation for Unrestricted Cash and Short-term Investments (Sep 30, 2025): Cash ($4,820,464 ) + Short-term investments ($30,054,492 ) = $34,874,956 Calculation for Working Capital (Sep 30, 2025): Total Current Assets ($39,080,375 ) - Total Current Liabilities ($3,911,831 ) = $35,168,544 Calculation for Working Capital (Dec 31, 2024): Total Current Assets ($25,582,955 ) - Total Current Liabilities ($3,459,338 ) = $22,123,617

• Cyngn is advancing its position in the industrial automation sector through successful deployments of its DriveMod Tugger with key customers.
• The DriveMod Tugger has been deployed at G&J Pepsi, U.S. Continental, and Coats, demonstrating its versatility and reliability.
• U.S. Continental reported cutting 200 forklift trips a week and achieving a 4x increase in operational efficiency after deploying the DriveMod Tugger.
• Coats unlocked 500+ labor hours and improved efficiency, reduced costs, and accelerated delivery timelines at its 150,000+ square foot facility using the autonomous system.

• Cyngn announced the commercial deployment of its DriveMod Tugger with G&J Pepsi, the largest independent Pepsi bottler in the United States.
• This deployment marks Cyngn's expansion into material handling for consumer-packaged goods.
• G&J Pepsi is integrating DriveMod to address labor challenges and optimize distribution capabilities within its facilities, following a 77K sq foot warehouse expansion.
• The DriveMod Tugger can haul up to 12,000 lbs and targets a typical payback period of less than 2 years.

• Cyngn has made progress in strengthening its core business of autonomous driving solutions for industrial and commercial applications.
• The company is adding two new pillars to its growth strategy: strengthening the balance sheet through strategic asset acquisitions (including assessing investments in cryptocurrencies/blockchain instruments and real estate) and acquiring and merging with revenue-generating companies in automation, robotics, and data-driven logistics.
• To support these initiatives, Cyngn filed a shelf registration statement on Form S-3, which has been declared effective by the SEC, to provide flexibility for raising capital.