Q2 FY2026 EarningsQ2 FY26 results were mixed relative to consensus: revenue of $158K beat the $100K expectation, while GAAP EPS of -$0.17 missed the -$0.12 consensus due to higher-than-expected operating expenses. Research and development spending of $3.29M and G&A of $3.17M contributed to a wider operating loss of $6.76M. However, the balance sheet was significantly strengthened via a $23.6M registered direct offering, ending the quarter with $38.4M in cash and short-term investments.