Quantum computing company Xanadu (XNDU) noted in its Q2 update that it has made progress in hardware implementation, achieving an edge coupling loss of 0.085 dB and increasing the yield of thin-film lithium niobate and silicon nitride by 75% and 50%, respectively. The report also mentioned that the total optical loss gap has been narrowed by up to 200 times, and still needs to be further reduced by 5 to 10 times to reach the threshold for scalable fault-tolerant operation. Additionally, the company's cash reserves reached $312.8 million, and it secured $67.2 million through ATM financing to support faster roadmap investments.