5 unchanged sentences
Interest Rate Risk
−Removed: 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.
−Removed: These securities are not dependent on interest rate fluctuations that may cause the principal amount of these assets to fluctuate.
−Removed: At September 30, 2020, we had no outstanding borrowings.
+Added: We had total cash and cash equivalents of $114.8 million as of March 31, 2021, which consisted of $49.9 million invested in a money market fund, cash in readily available checking accounts, and overnight repurchase investments.
+Added: These securities, which are not dependent on interest rate fluctuations that may cause principal amounts to fluctuate, are held for reinvestment and working capital purchases.
+Added: In addition, as of March 31, 2021, we held $140.3 million of fixed income securities such as U.S.
+Added: treasury bonds, commercial paper, corporate bonds, and asset-backed securities.
+Added: These securities are subject to market risk due to fluctuations in interest rates, which may affect our interest income and the fair value of our investments.
+Added: We classify investments as available-for-sale, including those with stated maturities beyond twelve months.
+Added: As such, no gains or losses due to changes in interest rates are recognized in our condensed consolidated statements of operations unless such securities are sold prior to maturity or due to expected credit losses.
+Added: A hypothetical 100 basis point change in interest rates would not have had a material effect on the fair market value of our investment portfolio as of March 31, 2021.
+Added: To date, fluctuations in interest income have also not been significant.
+Added: Our investments are made for the purpose of preserving capital, fulfilling liquidity needs, and maximizing total return.
+Added: We do not enter into investments for trading or speculative purposes.
+Added: At March 31, 2021, we had no outstanding borrowings.
+Added: Inflation Risk
+Added: We do not believe inflation has had a material effect on our business, financial condition, or results of operations.
+Added: If our costs become subject to significant inflationary pressures, we may not be able to fully offset such higher costs through price increases.
+Added: Our inability or failure to do so could harm our business, financial condition, and results of operations.
Foreign Currency Exchange Risk
1 unchanged sentence
Due to our international operations, we have foreign currency risks related to revenue and operating expenses denominated in currencies other than the U.S.
−Removed: dollar, primarily the British pound sterling, Euro, Australian dollar, Singapore dollar, Swedish krona, and Swiss franc.
+Added: dollar, primarily the Australian dollar, Swedish krona, Swiss franc, British pound sterling, Euro, and Singapore dollar.
Our sales contracts are primarily denominated in the local currency of the customer making the purchase.
4 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
−Removed: 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 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.