3 unchanged sentences
Interest Rate Risk
−Removed: We had approximately $28.2 million in cash and cash equivalents and $152.0 million in available for sale securities as of September 30, 2022, which include highly liquid, investment grade debt securities.
+Added: We had approximately $4.1 million in cash and cash equivalents and $91.7 million in available for sale securities as of March 31, 2023, which include highly liquid, investment grade debt securities.
Such interest-bearing instruments are exposed to a certain degree of interest rate risk.
6 unchanged sentences
Our liabilities for acquisition-related contingent consideration, which is adjusted to fair value each reporting period, is also impacted by changes in interest rates.
−Removed: The risk-free interest rate used to estimate our weighted average cost of capital is a
−Removed: component of the discount rate used to calculate the present value of future cash flows due upon the achievement of certain milestones.
+Added: The risk-free interest rate used to estimate our weighted average cost of capital is a component of the discount rate used to calculate the present value of future cash flows due upon the achievement of certain milestones.
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.
18 unchanged sentences
dollars by currency movements against the U.S.
−Removed: As of September 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.
−Removed: We believe a hypothetical 10% change in foreign exchange rates as of September 30, 2022 would not have a material impact on our business, financial condition, or results of operations.
−Removed: Geopolitical and macroeconomic events, including the COVID-19 pandemic, 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.
−Removed: During the three and nine months ended September 30, 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 and nine months ended September 30, 2022 was not significantly impacted by the cost increases we experienced.
−Removed: While the effects of geopolitical and macroeconomic events such as the COVID-19 pandemic, 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.
+Added: As of March 31, 2023 and December 31, 2022, 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 March 31, 2023 would not have a material impact on our business, financial condition, or results of operations.
+Added: Geopolitical and macroeconomic events, including the conflict between Ukraine and Russia and related sanctions and the recent and potential future disruptions in access to bank deposits or lending commitments due to bank failures 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 months ended March 31, 2023, 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 months ended March 31, 2023 was not significantly impacted by the cost increases we experienced.
+Added: While the effects of geopolitical and 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.