Income Statement

Income Statement

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  Year Ending Dec 2025 (Update) Year Ending Dec 2024 (Update) Year Ending Dec 2023 (Update) Year Ending Dec 2022 (Update)
Net Sales 234.60 91.28 17.16 10.29
Revenue 234.60 91.28 17.16 10.29
Total Revenue 234.60 91.28 17.16 10.29
Selling/General/Administrative Expense 31.80 23.16 18.90 16.06
Labor & Related Expense 18.94 19.23 23.05 20.58
Selling/General/Administrative Expenses, Total 50.74 42.39 41.95 36.64
Research & Development 135.97 163.84 132.28 88.80
Purchased R&D Written-Off 0.00 0.00 7.34 --
Unusual Expense (Income) 0.00 0.00 7.34 --
Total Operating Expense 186.71 206.23 181.57 125.44
Operating Income 47.90 -114.95 -164.41 -115.15
Interest Expense - Non-Operating -- -- -- --
Interest Expense, Net Non-Operating -- -- -- --
Interest Income, Non-Operating 13.50 19.79 18.87 7.55
Interest/Investment Income, Non-Operating 13.50 19.79 18.87 7.55
Interest Income (Expense), Net-Non-Operating, Total 13.50 19.79 18.87 7.55
Other Non-Operating Income (Expense) -74.46 -50.07 -18.09 -21.10
Other, Net -74.46 -50.07 -18.09 -21.10
Net Income Before Taxes -13.07 -145.23 -163.62 -128.70
Income Tax – Total 0.16 0.00 0.00 0.02
Income After Tax -13.23 -145.23 -163.62 -128.72
Net Income Before Extraordinary Items -13.23 -145.23 -163.62 -128.72
Extraordinary Item -- -- -- --
Total Extraordinary Items -- -- -- --
Net Income -13.23 -145.23 -163.62 -128.72
Miscellaneous Earnings Adjustment -- -- -- --
Total Adjustments to Net Income -- -- -- --
Income Available to Common Excluding Extraordinary Items -13.23 -145.23 -163.62 -128.72
Income Available to Common Stocks Including Extraordinary Items -13.23 -145.23 -163.62 -128.72
Basic Weighted Average Shares 28.76 28.38 26.92 28.17
Basic EPS Excluding Extraordinary Items -0.46 -5.12 -6.08 -4.57
Basic EPS Including Extraordinary Items -0.46 -5.12 -6.08 -4.57
Diluted Net Income -13.23 -145.23 -163.62 -128.72
Diluted Weighted Average Shares 28.76 28.38 26.92 28.17
Diluted EPS Excluding Extraordinary Items -0.46 -5.12 -6.08 -4.57
Diluted EPS Including Extraordinary Items -0.46 -5.12 -6.08 -4.57
Gross Dividends - Common Stock 0.00 0.00 0.00 0.00
Total Special Items 0.00 0.00 7.34 --
Normalized Income Before Taxes -13.07 -145.23 -156.28 -128.70
Effect of Special Items on Income Taxes 0.00 0.00 0.00 --
Income Taxes Excluding Impact of Special Items 0.16 0.00 0.00 0.02
Normalized Income After Taxes -13.23 -145.23 -156.28 -128.72
Normalized Income Available to Common -13.23 -145.23 -156.28 -128.72
Basic Normalized EPS -0.46 -5.12 -5.80 -4.57
Diluted Normalized EPS -0.46 -5.12 -5.80 -4.57
Depreciation, Supplemental 0.56 0.61 0.65 0.68
Interest Expense, Supplemental -- -- -- --
Interest Capitalized, Supplemental -- -3.70 -- --
Rental Expense, Supplemental 2.48 2.48 2.48 2.48
Stock-Based Compensation, Supplemental 36.07 34.05 33.21 27.36
Research & Development Expense, Supplemental 135.97 163.84 132.28 88.80
Audit-Related Fees, Supplemental -- 0.87 0.69 0.62
Tax Fees, Supplemental -- 0.15 0.09 0.30
Operating Margin 20.42 -125.93 -958.27 -1,119.41
Pretax Margin -5.57 -159.10 -953.68 -1,251.09
Net Profit Margin -5.64 -159.10 -953.66 -1,251.33
Normalized EBIT 47.90 -114.95 -157.07 -115.15
Normalized EBITDA 48.46 -114.34 -156.42 -114.48
Defined Contribution Expense - Domestic 2.40 2.20 1.60 1.00
Total Pension Expense 2.40 2.20 1.60 1.00

In millions of USD (except for per share items)

Source: LSEG