6 unchanged sentences
Our investments are fixed-rate short-term and long-term securities.
−Removed: Fixed-rate securities may have their fair market value adversely impacted due to a rise in interest rates, and, as a result, our future investment income may fall short of expectations due to changes in interest rates or we may suffer losses in principal if forced to sell securities which have declined in market value due to changes in interest rates.
−Removed: As of March 31, 2023, we had approximately $89.0 million invested in available-for-sale marketable securities.
+Added: Fair market value of fixed-rate securities may be adversely impacted due to a rise in interest rates.
+Added: As a result, our future investment income may fall short of expectations due to changes in interest rates or we may suffer losses in principal if forced to sell securities which have declined in market value due to changes in interest rates.
+Added: As of June 30, 2023, we had approximately $81.8 million invested in available-for-sale marketable securities.
An immediate 10% change in interest rates would not have a material adverse impact on our future operating results and cash flows.
We do not enter into investments for trading or speculative purposes and have not used any derivative financial instruments to manage our interest rate risk exposure.
−Removed: As of March 31, 2023, we are not subject to risks from immediate interest rate increases on our unsecured revolving line of credit facility.
+Added: As of June 30, 2023, we are not subject to risks from immediate interest rate increases on our unsecured revolving line of credit facility.
Currency Rate Risk
14 unchanged sentences
After beginning in 2022, the military conflict between Russia and Ukraine has continued to escalate and create challenges to already uncertain macroeconomic conditions.
−Removed: As of March 31, 2023, we do not expect these events to have any material impact on our operations.
+Added: As of June 30, 2023, we do not expect these events to have any material impact on our operations.
Our Russia net revenues as a percentage of our consolidated net revenues and our assets domiciled in Russia, including cash and cash equivalents, as a percentage of our total assets, are immaterial.
4 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.