Cyngn: A Speculative But Potentially Lucrative Play On Industrial Software


  • Cyngn has experienced a lot of volatility late, with some of that built into the company because of its absence of revenue.
  • Despite having no revenue, the firm has a solid balance sheet and it has a unique and potentially valuable vision.
  • Though speculative, the company has gained further legitimacy and is worth looking into because of some recent developments.

Robots efficiently sorting hundreds of parcels per hour,pallet lifter AGV.

Vanit Janthra/iStock via Getty Images

One fairly large market that must exist in order for the modern economy to function is the industrial vehicle market. Forecasted to reach $80 billion in size by 2023, this industry offers attractive prospects for the right kind

Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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