Q2 FY2026 EarningsQ2 FY26 missed consensus across key earnings metrics: GAAP EPS was -$0.70 vs. -$0.58 expected, and R&D expenses rose to $28.9M, contributing to a wider-than-expected net loss of $40.7M. Revenue remained at zero, in line with consensus for this clinical-stage biotech. The variance was primarily driven by a 148% YoY surge in G&A expenses due to legal costs from the Nippon Shinyaku dispute and pre-commercialization initiatives for Deramiocel.