Polaryx net loss narrows 36.9% to $1.38 million in Q2 FY26; operating loss widens 56.1% to $1.38 million - PLYX News | RalliesPolaryx net loss narrows 36.9% to $1.38 million in Q2 FY26; operating loss widens 56.1% to $1.38 million
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PLYX• Cash position and runway
- Cash and cash equivalents totaled $11.54 million at June 30, 2026.
- The company said its runway is expected through the first quarter of 2027.
Quarterly loss and expenses
- Polaryx posted a GAAP net loss of $1.38 million for the quarter ended June 30, 2026, widening from $1.01 million.
- Operating loss widened to $1.38 million from $884,000 as operating expenses climbed to $1.38 million from $884,000.
Research, general and administrative spending
- R&D costs rose to $719,000 from $476,000, mainly on $263,000 of SOTERIA CRO spend.
- G&A expenses increased to $661,000 from $408,000 on higher public-company costs tied to the January 2026 direct listing.
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