Q2 FY2026 EarningsQ2 FY26 results missed consensus estimates significantly due to a non-cash IPR&D impairment charge of $9.2M, leading to a GAAP EPS of -$0.34 vs. the -$0.14 expected. Revenue remained at zero, consistent with its development-stage status, while operating losses widened to -$14.1M. The company’s cash runway is critical, with $9.6M on hand expected to fund operations only into Q4 FY26, necessitating imminent financing.