5 unchanged sentences
We had cash and cash equivalents of $118.6 million as of December 31, 2024, which consisted of investments in a money market fund, cash in readily available checking accounts, and overnight repurchase investments.
−Removed: These securities, which are not dependent on interest rate fluctuations that may cause principal amounts to fluctuate, are held for reinvestment and working capital purposes.
In addition, as of December 31, 2024, we held $41.3 million of fixed income securities such as U.S.
−Removed: treasury bonds, commercial paper, corporate bonds, agency bonds, and asset-backed securities.
+Added: treasury bonds, commercial paper, and corporate bonds.
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.
11 unchanged sentences
We are exposed to market risks related to inflation in personnel costs, third-party service providers, subcontracting costs, professional fees, and general overhead expenses.
−Removed: Although inflation has decreased from the
−Removed: relative highs experienced in 2022, if inflation pressures increase in severity, we may not be able to fully offset such higher costs through price increases and productivity initiatives.
−Removed: While we do not believe inflation has had a material impact on our results of operations to date, a continued high rate of inflation in the future may have an adverse effect on our ability to maintain operating costs and adversely affect our gross profit margin.
+Added: Although inflation has decreased from the relative highs experienced in 2023, if inflation pressure increases in severity, we may not be able to fully offset such higher costs through price increases and productivity initiatives.
+Added: While we do not believe inflation has had a material
+Added: impact on our results of operations to date, a continued high rate of inflation in the future may have an adverse effect on our ability to maintain operating costs and adversely affect our gross profit margin.
Foreign Currency Exchange Risk
3 unchanged sentences
Our sales contracts are primarily denominated in the local currency of the customer making the purchase.
−Removed: In addition, portions of operating expenses are incurred outside the United States and are denominated in foreign currencies.
+Added: In addition, portions of operating expenses are incurred outside the United States and denominated in foreign currencies.
An increase in the relative value of the U.S.
5 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.