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Income Statement · Annual · Millions · USD

Line item	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Total revenues	0	0	1	1	1	2	4	10	11	16
Cost of revenue	0	0	0	0	0	1	2	6	5	15
Gross profit	(0)	0	1	1	0	1	2	4	5	1
Research and development	0	0	1	1	0	2	4	7	5	11
Selling, general and administrative	0	2	3	2	2	11	16	19	16	28
Total operating expenses	1	2	3	3	3	13	21	26	21	44
Operating income	(1)	(2)	(2)	(2)	(2)	(12)	(18)	(22)	(15)	(43)
Interest expense	0	0	–	–	–	–	0	1	0	0
Interest and investment income	0	0	–	–	–	–	–	–	0	1
Other non-operating income (expense)	0	(0)	0	(0)	(1)	(0)	(1)	(1)	(2)	(19)
Income before taxes	(1)	(2)	–	–	–	–	–	–	(18)	(62)
Income tax expense	0	0	0	0	0	0	–	–	–	–
Net income from continuing operations	(1)	(2)	–	–	–	–	–	–	–	–
Net income	(1)	(2)	(2)	(2)	(3)	(12)	(19)	(24)	(18)	(62)
Net income to common shareholders	–	–	–	(2)	(3)	(15)	(19)	(24)	–	–