Q2 FY2026 EarningsQ2 FY26 reported a wider-than-expected loss: net loss was $21.7M vs. $18.9M expected, and GAAP EPS was -$0.36 vs. -$0.33 consensus. The miss was primarily driven by a 14.4% negative variance in EBIT ($23.3M loss vs. $20.4M expected), fueled by accelerated clinical trial spending in the ADVANCED-2 and STARBORN-1 programs. Despite the bottom-line miss, the company maintains a robust cash position of $161.9M, providing a runway into 2028 and supporting pivotal data catalysts in Q4 2026.