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Income Statement · Annual · Millions · USD

Line item	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Total revenues	439	364	366	383	350	311	281
Cost of revenue	346	285	305	325	299	303	258
Gross profit	93	79	61	58	51	8	23
Research and development	27	29	31	46	41	35	25
Selling, general and administrative	77	87	88	131	95	76	60
Operating income	(11)	(36)	(57)	(298)	(88)	(142)	(73)
Interest expense	9	10	11	13	12	14	15
Income before taxes	(12)	(50)	(67)	(99)	(76)	(123)	(80)
Income tax expense	1	(1)	0	0	0	0	0
Net income from continuing operations	(13)	(49)	(67)	(99)	(76)	(123)	(80)
Net income	(13)	(49)	(67)	(99)	(76)	(123)	(80)