CYNGN Inc reports results for the quarter ended in January 1 - Earnings Summary

• CYNGN Inc CYN.OQ reported a quarterly adjusted loss of $2.74​​ per share for the quarter ended January 1, higher than the same quarter last year, when the company reported EPS of $-14.00. The mean expectation of two analysts for the quarter was for a loss of $3.56 per share. Wall Street expected results to range from $-3.94 to $-3.19 per share.

• Revenue rose 90.4% to $48.00 thousand from a year ago; analysts expected $725.00 thousand.

• CYNGN Inc's reported EPS for the quarter was a loss of $2.74​.

• The company reported a quarterly loss of $5.43 million.

• CYNGN Inc shares had fallen by 0.3% this quarter and lost 73.2% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 36.3% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• 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."

• The average consensus recommendation for the software peer group is also "buy"

Wall Street's median 12-month price target for CYNGN Inc is $153.35

This summary was machine generated from LSEG data November 7 at 05:12 a.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)