Cyngn Reports Third Quarter 2023 Financial Results
Third quarter revenue was $25.2 thousand compared to no revenues in the third quarter of 2022.
- Third quarter revenue was $25.2 thousand compared to no revenues in the third quarter of 2022.
- Total costs and expenses in the third quarter were $5.6 million, an increase from $5.3 million in the third quarter of 2022.
- Net loss for the third quarter was $(5.5) million compared to $(5.3) million in the corresponding quarter of 2022.
- Third quarter 2023 net loss per share was $(0.14), based on basic and diluted weighted average shares outstanding of approximately 37.8 million in the quarter.