Q2 FY2026 EarningsQ2 FY2026 missed consensus as operating loss widened to $10.63M vs. $9.08M expected, driven by a 62% YoY surge in R&D and a one-time $1.0M arbitration charge. While revenue remained at $0 as expected, Diluted EPS of -$0.05 slightly underperformed the -$0.045 consensus. The company ended the quarter with a significantly strengthened cash position of $138.3M following $82.9M in warrant exercises, providing a runway of at least 12 months despite the 3D Medicines arbitration setback.