2 unchanged sentences
Market risk represents the risk of loss that may impact our financial position due to adverse changes in financial market prices and rates.
−Removed: Our market risk exposure is primarily
−Removed: the result of fluctuations in interest rates and foreign currency exchange rates.
+Added: Our market risk exposure is primarily the result of fluctuations in interest rates and foreign currency exchange rates.
The uncertainty that exists with respect to the economic impact of the global COVID-19 pandemic has also introduced significant volatility in the financial markets.
Interest Rate Risk
−Removed: We had cash and cash equivalents of $256.1 million as of June 30, 2020, which consisted of cash in readily available checking accounts and overnight repurchase investments.
+Added: We had cash and cash equivalents of $251.1 million as of September 30, 2020, which consisted of cash in readily available checking accounts and overnight repurchase investments.
These securities are not dependent on interest rate fluctuations that may cause the principal amount of these assets to fluctuate.
−Removed: At June 30, 2020, we had no outstanding borrowings.
+Added: At September 30, 2020, we had no outstanding borrowings.
Foreign Currency Exchange Risk
8 unchanged sentences
dollar to other currencies would have a material effect on operating results.
−Removed: We have experienced and will continue to experience fluctuations in net loss as a result of transaction gains or losses related to remeasuring certain current asset and current liability balances denominated in currencies other than the functional currency of the entities in which they are recorded.
+Added: We have experienced and will continue to experience fluctuations in net loss as a result of transaction gains or losses related to remeasuring certain current asset and current liability balances denominated in currencies other than the functional
+Added: currency of the entities in which they are recorded.
We have not engaged in the hedging of foreign currency transactions to date although we may choose to do so in the future.
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.