Cyngn Reports 2023 Fourth Quarter and Year-End Financial Results
Fourth quarter revenue was $40.4 thousand compared to $262 thousand in the fourth quarter of 2022.
- Fourth quarter revenue was $40.4 thousand compared to $262 thousand in the fourth quarter of 2022.
- Total costs and expenses in the fourth quarter were $5.4 million, down from $6.0 million in the fourth quarter of 2022.
- Net loss for the fourth quarter was $(5.4) million compared to $(5.5) million in the corresponding quarter of 2022.
- Fourth quarter 2023 net loss per share was $(0.12), based on basic and diluted weighted average shares outstanding of approximately 46.0 million in the quarter.