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Income Statement · Annual · Millions · USD

Line item	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Total revenues	0	2	4	5	0	0	0	0	0	–
Cost of revenue	0	10	23	25	5	7	4	6	7	2
Gross profit	0	(7)	(18)	(20)	(5)	(7)	(4)	(6)	(7)	–
Research and development	6	8	5	2	1	1	2	2	2	1
Total operating expenses	13	27	41	–	–	–	–	–	–	–
Operating income	(13)	(25)	(37)	(41)	(15)	(17)	(16)	(24)	(24)	(23)
Interest expense	1	2	3	3	2	0	0	1	1	1
Interest and investment income	0	0	0	0	0	0	0	1	0	1
Other non-operating income (expense)	(1)	(2)	(3)	(4)	(10)	(1)	0	1	(1)	1
Income before taxes	(14)	(27)	(40)	(45)	(26)	(18)	(15)	(24)	(25)	(23)
Income tax expense	0	0	0	0	0	0	0	0	0	0
Net income from continuing operations	(14)	(27)	(40)	(45)	(26)	(18)	(15)	(24)	(25)	(23)
Net income	(14)	(27)	(40)	(45)	(26)	(18)	(15)	(24)	(25)	(23)