What changed in this filing

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Item 7A. Quantitative and Qualitative Disclosures About Market Risk

2023-11-27 compared with 2022-11-28 · 26 added, 27 removed, 18 unchanged (75% of the section changed)

3 unchanged sentences

invest our excess cash in investment-grade, interest-bearing securities.

The primary objective of our investment policy is to preserve

principal and liquidity.

To achieve this objective, our investment policy allows for investments in domestic money market certificates,

certificates of deposit, money market funds, commercial papers, bonds or commercial papers, and establishes diversification and credit

quality requirements and limits investments by maturity and issuer.

At September 30, 2022 and 2021, the majority of our excess cash was

held in a JP Morgan Chase Prime Money Market Fund.

The average amount invested at any given time throughout the year ended September

30, 2022 was $132.7 million (high:

primary objective of our investment policy is to preserve principal and liquidity.

To achieve this objective, our investment policy

allows for investments in domestic money market certificates, certificates of deposit, money market funds, bonds or commercial

papers, and establishes diversification and credit quality requirements and limits investments by maturity and issuer.

At September 30, 2023 and 2022, the majority of our excess cash was held

in a JP Morgan Chase Prime Money Market Fund.

The average amount

invested at any given time throughout the year ended September 30, 2023 was $138.4 million (high:

$145.4 million;

1 unchanged sentence

A hypothetical

basis point change in interest rates during any of the periods presented would not have a material impact on the fair market value of

our cash and cash equivalents as of September 30, 2022 and 2021.

To date, we have not experienced a loss of principal on any of our investments

and as of September 30, 2022 we did not have any allowance for credit losses from our cash and cash equivalents.

100 basis point change in interest rates during any of the periods presented would not have a material impact on the fair market

value of our cash and cash equivalents as of September 30, 2023 and 2022 and would impact our net loss by approximately $1.4 million.

To date, we have not experienced a loss of principal on any of our investments and as of September 30, 2023 we did not have any

allowance for credit losses from our cash and cash equivalents.

Foreign Exchange Risk

We face foreign exchange risk as a result of entering into

transactions denominated in currencies other than U.S.

dollars and as a result of the existence of sales and tax incentive receivables

denominated in other than U.S.

Due to the uncertain timing of expected payments in foreign currencies, we do not utilize any

forward exchange contracts.

All foreign transactions settle on the applicable spot exchange basis at the time such payments are made.

Volatile market conditions and supply chain shortages may result in significant changes in exchange rates, and in particular a change

in foreign currencies values relative to the U.S.

dollar may affect our operating expenses as expressed in U.S.

An adverse movement

in foreign exchange rates could have a material effect on payments made to foreign suppliers.

For the year ended September 30, 2022,

a majority of our expenses were denominated in U.S.

We face foreign exchange risk as a result of entering

into transactions denominated in currencies other than U.S.

dollars and as a result of the existence of sales and tax incentive

receivables denominated in other than U.S.

Due to the uncertain timing of expected payments in foreign currencies, we

do not utilize any forward exchange contracts.

All foreign transactions settle on the applicable spot exchange basis at the time

such payments are made.

Volatile market conditions and supply chain shortages may result in significant changes in exchange rates,

and in particular a change in foreign currencies values relative to the U.S.

dollar may affect our operating expenses as expressed

An adverse movement in foreign exchange rates could have a material effect on payments made to foreign suppliers.

For the year ended September 30, 2023, a majority of

our expenses were denominated in U.S.

A hypothetical 10% change in foreign exchange rates applied to foreign currency

9 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.

What changed 10-K

Item 7A. Quantitative and Qualitative Disclosures About Market Risk