Q2 FY2026 EarningsQ2 FY26 missed consensus as the company reported zero revenue vs. $0M expected, with a significantly larger GAAP net loss of -$2.15M compared to the -$1.8M anticipated. Diluted EPS was -$1.02, exceeding the -$1.60 expectation primarily due to share dilution from the reverse recapitalization and preferred stock conversions. Professional fees spiked 195% YoY to $1.55M, highlighting severe operational cash burn as the company remains in a pre-revenue stage dependent on external financing.