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Income Statement · Annual · Millions · USD

Line item	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Total revenues	–	0	0	0	0	1	4	0	0	0
Cost of revenue	–	0	0	0	0	0	2	0	0	0
Gross profit	–	0	0	0	0	0	1	(0)	(0)	0
Commissions and fees	–	–	–	–	–	–	–	–	–	–
Research and development	–	–	0	0	0	2	7	7	8	8
Selling, general and administrative	1	1	1	2	1	2	9	6	5	6
Total operating expenses	–	1	1	2	1	4	15	13	14	14
Operating income	(1)	(1)	(1)	(2)	(1)	(4)	(14)	(13)	(14)	(14)
Interest expense	0	0	0	–	0	0	0	0	1	1
Other non-operating income (expense)	–	–	–	–	–	(0)	(0)	(1)	(1)	(1)
Income before taxes	–	–	–	–	(0)	(0)	(14)	(14)	(15)	(15)
Income tax expense	0	–	–	0	0	–	0	0	0	0
Net income from continuing operations	–	–	–	–	(0)	–	(14)	(14)	(15)	(15)
Net income	(1)	(1)	(1)	(2)	(1)	(4)	(14)	(14)	(15)	(15)
Net income to common shareholders	–	–	–	–	–	–	–	(14)	(15)	(15)