Q2 FY2026 EarningsQ2 FY26 missed consensus estimates significantly across the bottom line: GAAP EPS of -$0.12 vs. -$0.08 expected, and net loss of $8.5M vs. $5.1M expected. While revenue was in-line at zero as anticipated for this pre-commercial stage, operating losses were $4.11M, slightly worse than the $3.73M EBIT loss expected. The variance was driven by a $2.5M equity loss from the AirJoule JV and non-cash fair value adjustments on warrant/earnout liabilities.