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Income Statement · Annual · Millions · USD

Line item	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Total revenues	81	99	102	83	95	137	141	76	99	88
Cost of revenue	55	64	65	58	65	90	89	62	76	77
Gross profit	26	34	37	25	30	47	52	13	24	11
Research and development	6	5	6	6	7	10	14	12	15	9
Selling, general and administrative	14	17	19	19	19	24	26	23	24	24
Total operating expenses	20	22	25	25	26	35	40	35	39	33
Operating income	6	13	12	(0)	4	13	13	(22)	(15)	(22)
Interest expense	–	–	–	–	–	–	–	2	1	1
Other non-operating income (expense)	1	(1)	0	1	3	1	3	2	2	1
Income before taxes	6	11	12	(1)	7	18	21	(19)	(11)	(22)
Income tax expense	1	1	1	1	2	1	2	0	1	2
Net income from continuing operations	5	10	11	(2)	5	17	19	(19)	(12)	(23)
Net income	6	10	10	(3)	3	15	16	(18)	(12)	(21)
Net income to common shareholders	5	10	9	(3)	3	14	16	(18)	(12)	(21)