2 unchanged sentences
International revenues and expenses are generally transacted by our foreign subsidiaries and are denominated in local currency.
−Removed: Approximately 0.6% and 2.1% of our cash used in operations for the three months ended March 31, 2025 and the year ended December 31, 2024, respectively, was from our foreign subsidiaries.
+Added: Approximately 3.7% and 2.1% of our cash used in operations for the six months ended June 30, 2025 and the year ended December 31, 2024, respectively, was from our foreign
+Added: subsidiaries.
We are exposed to foreign currency exchange rate fluctuation risk related to our transactions denominated in foreign currencies.
1 unchanged sentence
Our currency exposures vary but are primarily concentrated in the British Pound and Swiss Franc, in large part due to our subsidiaries, Agenus UK Limited and AgenTus Therapeutics Limited, both with operations in England, and Antigenics SA, a company with operations in Switzerland.
−Removed: We had cash and cash equivalents at March 31, 2025 of $18.5 million, which are exposed to the impact of interest rate changes, and our interest income fluctuates as interest rates change.
+Added: We had cash and cash equivalents at June 30, 2025 of $9.5 million, which are exposed to the impact of interest rate changes, and our interest income fluctuates as interest rates change.
Additionally, in the normal course of business, we are exposed to fluctuations in interest rates as we seek debt financing and invest excess cash.
−Removed: Due to the short-term nature of our investments in money market funds, our carrying value approximates the fair value of these investments at March 31, 2025.
+Added: Due to the short-term nature of our investments in money market funds, our carrying value approximates the fair value of these investments at June 30, 2025.
There has been no material change to our interest rate exposure and our approach toward interest rate and foreign currency exchange rate exposures, as described in our Annual Report on Form 10-K for the year ended December 31, 2024.
7 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.