Q2 FY2026 EarningsQ2 FY26 results presented a significant variance between operational performance and GAAP outcomes. While the loss from operations of $3.5M was favorable compared to the $4.5M EBIT loss consensus, GAAP net loss of $7.07M missed the $4.36M expectation by over 62%. This discrepancy was driven entirely by non-cash warrant-related charges totaling $3.6M following the May 2026 offering. The company issued a 'going concern' warning, noting that existing liquidity of $7.36M is insufficient for the next 12 months.