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Cyngn Q1 2024 GAAP EPS $(0.08) Beats $(0.13) Estimate, Sales $5.513K Miss $360.000K Estimate

Benzinga ·  May 8 16:22

Cyngn (NASDAQ:CYN) reported quarterly losses of $(0.08) per share which beat the analyst consensus estimate of $(0.13) by 38.46 percent. This is a 46.67 percent increase over losses of $(0.15) per share from the same period last year. The company reported quarterly sales of $5.513 thousand which missed the analyst consensus estimate of $360.000 thousand by 98.47 percent. This is a 99.37 percent decrease over sales of $872.800 thousand the same period last year.

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