10 unchanged sentences
For the year ended December 31, 2024, approximately 58% of our total revenues are derived from outside of the U.S.
−Removed: and approximately 35% of our revenues are denominated in foreign currencies.
+Added: and approximately 34% of our revenues are denominated in a currency other than the U.S.
In 2024, 66%, 11%, 6%, 3%, and 14% of our total revenues were denominated in U.S.
5 unchanged sentences
Interest Rate Risk
−Removed: We had cash and cash equivalents of $68.4 million and $71.7 million as of December 31, 2023 and 2022, respectively, which consisted of bank deposits and money market funds maintained at various financial institutions.
−Removed: The cash and cash equivalents are held primarily for working capital purposes.
−Removed: Such interest-earning instruments carry a degree of interest rate risk.
−Removed: To date, fluctuations in interest income have not been significant.
−Removed: The primary objective of our investment activities is to preserve principal while maximizing income without significantly increasing risk.
−Removed: The interest rates on our Credit Facility also fluctuate based on various market conditions that affect the Secured Overnight Financing Rate (“SOFR”), the prime rate, or the overnight bank funding effective rate.
+Added: The interest rates on our Credit Facility fluctuate based on various market conditions that affect the Secured Overnight Financing Rate (“SOFR”), the prime rate, or the overnight bank funding effective rate.
The cost of borrowing thereunder may be impacted as a result of our interest rate risk exposure.
−Removed: Effective on April 2, 2020, we entered into an interest rate swap with a notional amount of $200.0 million and a ten‑year term to reduce the interest rate risk associated with our Credit Facility.
+Added: Effective on April 2, 2020, we entered into an interest rate swap with a notional amount of $200.0 million and a ten‑year term to reduce the interest rate risk associated with a portion of our floating rate debt.
Under the terms of the interest rate swap, we pay a fixed interest rate of 72.9 basis points (“bps”), and will receive a floating interest rate equal to daily SOFR plus an Alternative Reference Rates Committee (“ARRC”) spread adjustment of 11.448 bps.
6 unchanged sentences
Due to the short-term nature of our investments, we have not been exposed to, nor do we anticipate being exposed to, material risks due to changes in interest rates.
+Added: We had cash and cash equivalents of $64.0 million and $68.4 million as of December 31, 2024 and 2023, respectively, which consisted of bank deposits and money market funds maintained at various financial institutions.
+Added: The cash and cash equivalents are held primarily for working capital purposes.
+Added: Such interest-earning instruments carry a degree of interest rate risk.
+Added: To date, fluctuations in interest income have not been significant.
+Added: The primary objective of our investment activities is to preserve principal while maximizing income without significantly increasing risk.
A hypothetical 10% change in interest rates during any of the periods presented would not have had a material impact on our consolidated financial statements.
−Removed: Inflation Risk
−Removed: We do not believe that inflation has had a material effect on our business, financial condition, or results of operations.
Financial Statements and Supplementary Data
2 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.