Q1 FY2027 EarningsQ1 FY27 revenue of $6.3M was in-line with the consensus range ($5.9M-$6.7M), but gross margin of 53.4% slightly missed the expected 54.0%-56.0% floor. While top-line growth remained flat YoY, a 90.5% surge in R&D spending to $5.9M—driven by the Plato project—led to a wider-than-expected net loss of $4.8M. Despite the bottom-line pressure, liquidity was bolstered by an ATM offering, ending the quarter with $77.0M in cash and no debt.