Cyngn(CYN) - 2024 Q1 - Quarterly Results

Exhibit 99.1 Cyngn Reports First Quarter 2024 Financial Results MENLO PARK, Calif., May 8, 2024 – Cyngn Inc. (the "Company" or "Cyngn") (Nasdaq: CYN) today announced its financial results for the fiscal first quarter ended March 31, 2024. Recent Operating Highlights: "During the first quarter, we continued the momentum we made during 2023, marked by rapid strides toward broad commercialization," said Lior Tal, Cyngn's CEO. "Our success is bolstered by the strength of our ecosystem partners, particularly wit ...