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Income Statement · Annual · Millions · USD

Line item	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Total revenues	51	120	229	380	270	152	93	104
Cost of revenue	2	6	12	25	31	15	13	13
Net interest income	–	–	–	–	(27)	(3)	–	–
Gross profit	49	114	217	355	239	137	79	91
Research and development	8	11	23	46	52	28	17	21
Selling, general and administrative	67	128	297	602	440	220	155	142
Operating income	(26)	(25)	(103)	(294)	(421)	(114)	(47)	(64)
Interest expense	2	2	1	1	41	21	15	15
Interest and investment income	–	–	–	–	14	19	15	9
Other non-operating income (expense)	(0)	4	(21)	0	0	1	(1)	(1)
Income before taxes	(28)	(24)	(149)	(207)	(439)	(101)	(47)	(70)
Income tax expense	0	0	0	(19)	(0)	0	0	0
Net income from continuing operations	(28)	(24)	(149)	(188)	(439)	(101)	(47)	(70)
Net income	(28)	(24)	(149)	(188)	(439)	(101)	(47)	(70)
Net income to common shareholders	(28)	(24)	(149)	(188)	(439)	(101)	(47)	(70)