CYNGN (CYN) Financials

The financials of CYNGN Inc. (CYN) provide crucial insights into the company's performance and stability. Let's begin with the income statement, which outlines the revenue, expenses, and resulting net income. The total revenue generated by CYNGN Inc. serves as a measure of the company's sales and business activities. It indicates the value of goods sold or services rendered to customers during a specific period. Furthermore, the gross profit represents the revenue minus the cost of goods sold, reflecting the profitability and efficiency of the company's operations.

Moving on to the balance sheet, it presents a snapshot of CYNGN Inc.'s financial condition at a specific point in time. The total assets listed in the balance sheet represent the resources owned by the company, including cash equivalents, investments, property, and equipment. On the other hand, total liabilities encompass the company's obligations, such as debts and payables. Stockholders' equity is the remaining value after deducting liabilities from assets and represents the owners' share of the company's net assets.