1 unchanged sentence
In the normal course of business, we are exposed to interest rate, foreign currency exchange and inflation risks that could impact our financial position and results of operations.
−Removed: In addition, we are subject to the broad market risk that is created by the global market disruptions and uncertainties resulting from macroeconomic challenges, various military conflicts and consumer confidence.
−Removed: Further discussion on these risks may be found in Item 1A of this Quarterly Report on Form 10-Q under the heading “Risk Factors.”
+Added: In addition, we are subject to the broad market risk that is created by the global market disruptions and uncertainties resulting from macroeconomic challenges, geopolitical events, trade and other international disputes, including various military conflicts and consumer confidence.
+Added: Further discussion on these risks may be found in Part II, Item 1A “Risk Factors.”
Interest Rate Risk
3 unchanged sentences
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 June 30, 2024, we had approximately $20.7 million invested in available-for-sale marketable securities.
−Removed: An immediate 10% change in interest rates would not have a material adverse impact on our future operating results and cash flows.
+Added: As of September 30, 2024, we had no available-for-sale marketable securities.
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 June 30, 2024, we are not subject to risks from immediate interest rate increases on our unsecured revolving line of credit facility.
+Added: As of September 30, 2024, we are not subject to risks from immediate interest rate increases on our unsecured revolving line of credit facility.
Currency Rate Risk
As a result of our international business activities, our financial results have been affected by changes in foreign currency exchange rates as well as economic conditions in foreign markets, and there is no assurance that exchange rate fluctuations will not harm our business in the future.
−Removed: We generally sell our products in the local currency of the respective countries.
+Added: We generally sell our products in the local currency of the respective country.
This provides some natural hedging because most of the subsidiaries’ operating expenses are generally denominated in their local currencies.
12 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.