Q2 FY2026 EarningsQ2 FY26 results missed consensus estimates across all major bottom-line metrics: GAAP EPS was -$1.19 vs. -$0.97 expected, and net loss reached $56.6M vs. the anticipated $46.2M. The variance was driven by higher-than-expected R&D intensity as the company initiated Phase 3 FOS trials. Despite the earnings miss, the cash position of $436.1M remains robust, providing a runway into 2H 2029.