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Income Statement · Annual · Millions · USD

Line item	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Total revenues	406	358	404	403	379	507	625	388	488	361
Cost of revenue	205	188	194	180	184	247	309	210	248	186
Gross profit	201	170	209	223	195	260	316	178	240	175
Realized investment gains (losses)	–	–	–	–	–	–	–	–	–	–
Research and development	98	96	89	85	82	102	120	70	73	76
Selling, general and administrative	144	136	119	119	120	138	147	78	79	81
Total operating expenses	268	241	214	210	207	241	270	148	165	161
Operating income	(67)	(71)	(5)	13	(12)	19	46	30	75	14
Interest expense	10	11	11	12	12	11	5	2	6	4
Interest and investment income	–	–	–	–	–	–	–	–	–	–
Other non-operating income (expense)	(13)	(14)	(12)	(14)	(12)	(10)	(1)	(2)	(3)	(5)
Income before taxes	(80)	(85)	(17)	(7)	(26)	9	44	28	72	9
Income tax expense	(8)	(2)	4	(1)	3	(4)	16	(60)	21	8
Net income from continuing operations	(72)	(83)	(21)	(6)	(29)	13	28	88	51	1
Net income	(72)	(83)	(21)	(6)	(29)	13	28	84	39	(43)