3 unchanged sentences
Interest Rate Risk
−Removed: We had approximately $24.0 million in cash and cash equivalents and $192.4 million in available for sale securities as of March 31, 2022, which include highly liquid, investment grade debt securities.
+Added: We had approximately $27.2 million in cash and cash equivalents and $160.2 million in available for sale securities as of June 30, 2022, which include highly liquid, investment grade debt securities.
Such interest-bearing instruments are exposed to a certain degree of interest rate risk.
3 unchanged sentences
To minimize our exposure due to adverse shifts in interest rates, we invest primarily in short-term securities.
+Added: Although we are seeing, and expect to continue to see, increased interest rates, due to our investment in highly liquid and high quality government and other debt securities as well as short-term securities, as of the date of this Quarterly Report on Form 10-Q, we do not expect anticipated changes in interest rates to have a material effect on our interest rate risk in future reporting periods.
Due to the short holding period of our investments and the nature of our investments, a hypothetical change of 100 basis points would have approximately a $0.6 million impact on our investments.
2 unchanged sentences
As a result, any changes in the underlying risk-free interest rate could result in material changes to the fair value of such liabilities and could materially impact the amount of non-cash expense (or income) recorded each reporting period.
+Added: As a consequence of the U.S.
+Added: Federal Reserve raising interest rates, the underlying risk-free interest rate we use for purposes of calculating fair value of our liabilities for acquisition-related contingent consideration has increased from our prior reporting
+Added: periods, but such increase did not have a material impact on our financial statements, and we currently do not expect anticipated future changes to have a material effect in future reporting periods.
Foreign Currency Exchange Rate Risk
6 unchanged sentences
We do not currently participate in material foreign exchange hedging activities.
−Removed: As of March 31, 2022 and December 31, 2021, we had minimal assets and liabilities denominated in foreign currencies.
−Removed: We believe a hypothetical 10% change in foreign exchange rates as of March 31, 2022 would not have a material impact on our business, financial condition, or results of operations.
−Removed: The COVID-19 pandemic has contributed to supply chain challenges, which we believe have resulted in inflation headwinds, particularly increased logistical costs and raw material prices.
−Removed: During the three months ended March 31, 2022, we experienced increased costs to secure certain component parts in our products and to produce our products at our contract manufacturers.
−Removed: However we do not believe that inflation has had a material effect on our business, financial condition or results of operations, other than its impact on the general economy, as our cost of revenue for the three months ended March 31, 2022 was not significantly impacted by the cost increases we experienced.
+Added: As of June 30, 2022 and December 31, 2021, we had minimal assets and liabilities denominated in foreign currencies and expect similar levels of foreign currency denomination in the next 12 months.
+Added: We believe a hypothetical 10% change in foreign exchange rates as of June 30, 2022 would not have a material impact on our business, financial condition, or results of operations.
+Added: The COVID-19 pandemic and other geopolitical and macroeconomic events, including the conflict between Ukraine and Russia and related sanctions, have contributed to supply chain challenges, which we believe have resulted in inflation headwinds, particularly increased logistical costs and raw material prices.
+Added: During the three and six months ended June 30, 2022, we experienced increased costs to secure certain component parts in our products and to produce our products at our contract manufacturers.
+Added: However we do not believe that inflation has had a material effect on our business, financial condition or results of operations, other than its impact on the general economy, as our cost of revenue for the three and six months ended June 30, 2022 was not significantly impacted by the cost increases we experienced.
+Added: While the effects of the COVID-19 pandemic and other macroeconomic events as well as other inflationary pressures, are highly uncertain, as of the date of this Quarterly Report on Form 10-Q, we do not expect anticipated changes in inflation to have a material effect on our business, financial condition or results of operations for future reporting periods other than the general impacts on companies due to general economic and market conditions.
If our costs were to become subject to significant inflationary pressures, we may not be able to fully offset such higher costs through price increases.
1 unchanged sentence
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.