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Income Statement · Annual · Millions · USD

Line item	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Total revenues	416	475	524	572	480	541	616	568	569	656
Cost of revenue	282	332	369	403	352	400	465	434	422	481
Gross profit	134	143	155	169	128	142	151	134	147	175
Research and development	3	3	3	6	7	10	12	10	8	8
Selling, general and administrative	54	61	70	71	65	79	82	79	92	95
Operating income	70	71	73	87	(75)	51	59	45	89	74
Interest expense	–	–	–	–	1	2	0	0	0	0
Other non-operating income (expense)	(1)	(1)	(1)	(1)	0	0	(0)	0	0	0
Income before taxes	64	53	56	63	(99)	35	47	29	74	62
Income tax expense	25	(2)	12	13	(12)	4	9	6	18	15
Net income from continuing operations	39	55	44	49	(87)	31	39	24	56	47
Net income	–	–	–	–	(87)	31	39	24	56	47
Net income to common shareholders	39	55	44	49	(87)	30	38	23	55	46