Q2 FY2026 EarningsQ2 FY26 results beat consensus on earnings, with a GAAP net loss of $4.68M ($0.11 per share) vs. the expected $5.89M ($0.14 per share). Lower-than-expected R&D spending was a primary driver for the narrower loss. Operationally, the FDA's IND clearance for rexaceract (GT-02287) positions the company to initiate Phase 2 trials in Q3 2026, while cash reserves of $13.1M reflect a continued burn that necessitates ongoing capital management.