Q2 FY2026 EarningsQ2 FY2026 results significantly beat consensus on the bottom line, with a GAAP Net Loss of $16.6M vs. $22.4M expected, and GAAP EPS of -$0.20 vs. -$0.30 expected. While the company is in a pre-revenue clinical stage, total operating expenses were managed well at $18.1M. A successful $87.5M financing in May boosted cash reserves to $190.0M, extending the operational runway into 2H 2028 and supporting the upcoming Phase 1 initiation for HWK-206 in Q3 2026.