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Income Statement · Annual · Millions · USD

Line item	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Total revenues	–	5	2	4	0	0	2	2
Research and development	88	95	56	38	6	2	0	1
Total operating expenses	115	130	84	59	19	13	6	7
Operating income	(115)	(125)	(81)	(55)	(19)	(13)	(4)	(5)
Other non-operating income (expense)	–	–	1	(0)	0	0	1	1
Income before taxes	(115)	(122)	(122)	(52)	(44)	(5)	(3)	(4)
Income tax expense	0	0	0	0	0	0	0	0
Net income from continuing operations	(115)	(122)	(122)	(52)	(18)	(13)	(3)	(4)
Net income	(115)	(123)	(78)	(52)	(44)	(5)	(3)	(4)