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Income Statement · Annual · Millions · USD

Line item	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Total revenues	0	1	2	0	0	–	–	–	–	–
Research and development	14	10	8	18	26	27	13	4	3	5
Total operating expenses	17	12	11	22	30	33	18	7	6	9
Operating income	–	(12)	(11)	(22)	(30)	–	–	–	–	–
Other non-operating income (expense)	0	0	1	(2)	1	0	(0)	(1)	(1)	(1)
Income before taxes	(17)	(12)	(10)	(20)	(29)	(32)	18	7	8	–
Income tax expense	0	0	0	0	0	–	–	–	–	0
Net income from continuing operations	(17)	(12)	(10)	(20)	(29)	–	–	–	–	–
Net income	(17)	(12)	(10)	(20)	(29)	(32)	(18)	(7)	(8)	(10)