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Income Statement · Annual · Millions · USD

Line item	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Total revenues	–	29	32	38	48	55	51	26	1	6
Cost of revenue	12	19	21	27	34	37	39	26	0	1
Gross profit	5	10	12	11	14	19	12	0	0	5
Research and development	2	2	2	2	4	6	6	3	0	0
Selling, general and administrative	–	–	–	–	15	19	21	14	2	4
Total operating expenses	8	11	12	14	18	21	27	18	4	4
Operating income	(3)	(1)	0	(3)	(5)	(2)	(15)	(17)	(4)	2
Interest expense	0	0	0	0	0	0	0	0	(0)	0
Interest and investment income	0	0	0	0	0	0	0	0	0	–
Other non-operating income (expense)	(0)	(0)	(0)	(0)	1	(0)	(0)	(0)	0	(0)
Income before taxes	(3)	(1)	(0)	(3)	(4)	(2)	(15)	(18)	(4)	2
Income tax expense	0	0	0	0	0	0	0	0	(0)	0
Net income from continuing operations	(3)	(1)	(0)	(3)	(4)	(2)	(16)	(18)	(4)	1
Net income	(3)	(1)	(0)	(3)	(4)	(2)	(16)	(18)	(4)	1
Net income to common shareholders	–	–	–	–	–	–	–	–	(4)	1