Quantitative and Qualitative Disclosures about Market Risk
−Removed: As of July 31, 2022 and January 31, 2022, we had cash, cash equivalents and marketable debt securities totaling $197.9 million and $171.0 million, respectively.
+Added: As of October 31, 2022 and January 31, 2022, we had cash, cash equivalents and marketable debt securities totaling $199.0 million and $171.0 million, respectively.
Our cash is deposited in checking accounts with reputable financial institutions.
−Removed: The cash equivalents and marketable debt securities consist primarily of investments in money market funds and debt securities of corporations .
+Added: The cash equivalents and marketable debt securities consist of investments in money market funds, commercial paper, debt securities of corporations or corporate bonds, asset-backed securities and U.S.
+Added: government securities .
Our cash is held for working capital purposes.
1 unchanged sentence
Interest Rate Fluctuation Risk
−Removed: The primary objectives of our investment activities are to preserve capital, provide liquidity and maximize income without significantly increasing risk.
+Added: The primary objective of our investment activities is to preserve capital, provide liquidity and maximize income without significantly increasing risk.
Some of the securities we invest in are subject to market risk.
1 unchanged sentence
To minimize this risk, we maintain our portfolio in a variety of debt securities with high liquidity and low credit risk.
+Added: The current inflationary environment in the United States and resulting high interest rates have not had material impact on our investment portfolio and financial position.
We do not enter into investments for trading or speculative purposes.
10 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.