Q2 FY2026 EarningsQ2 FY26 results for GLSI were mixed compared to consensus, with a narrower GAAP net loss of -$3.95M vs. the -$4.99M expected, resulting in a beat on EPS (-$0.27 vs. -$0.33 expected). However, the operating cash burn was significantly higher than anticipated, with a 6-month outflow of -$6.64M compared to a full-period mean consensus of -$6.75M, suggesting an accelerated burn rate. The company remains pre-revenue as the Phase III Flamingo-01 trial continues to expand into Europe.