Cyngn, a developer of industrial autonomous vehicles, announced its second-quarter 2024 financial results, showcasing continued momentum towards commercialization. Key highlights include expanding partnerships with John Deere, RobotLAB, and Alta Equipment Group, as well as progress in its dealer network and lead generation. The company’s revenue for the quarter was $8.7 thousand, while total costs and expenses decreased compared to the previous year. Cyngn remains financially strong with no debt and a growing pipeline of potential customers.
