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Income Statement · Annual · Millions · USD

Line item	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Research and development	4	7	9	25	30	45
Selling, general and administrative	–	–	–	7	10	39
Total operating expenses	6	10	13	32	40	84
Operating income	(6)	(10)	(13)	(32)	(40)	(84)
Interest expense	0	–	0	0	0	0
Interest and investment income	0	0	0	0	4	7
Other non-operating income (expense)	(0)	0	0	0	4	7
Income before taxes	(6)	(10)	(13)	(32)	(36)	(78)
Income tax expense	0	–	–	0	0	0
Net income from continuing operations	(6)	–	–	(32)	(36)	(78)
Net income	(6)	(10)	(13)	(32)	(36)	(78)
Net income to common shareholders	(6)	(10)	(13)	(32)	(36)	(78)