Q2 FY2026 EarningsQ2 FY26 missed consensus estimates significantly on the top line, with revenue of $149K vs. $500K expected. Gross margin of 38.93% was slightly below the 40.0% consensus due to increased depreciation and operational readiness costs. While normalized net loss of -$726K was wider than the -$600K consensus, the company secured a $9.2M public offering and maintains a strong pipeline with an IEC purchase order expected to generate over $1M in revenue for the full year 2026.