2 unchanged sentences
We are exposed to market risks in the ordinary course of our business.
−Removed: We had cash and cash equivalents and marketable securities of $235.4 million at December 31, 2023, which consisted of bank deposits and money market funds, and we had cash, cash equivalents and marketable securities of $293.1 million at December 31, 2022, which consisted of bank deposits and money market funds.
+Added: We had cash and cash equivalents of $114.7 million at December 31, 2024, which consisted of bank deposits and money market funds.
However, we have not been exposed to, nor do we anticipate being exposed to, material risks due to changes in interest rates.
1 unchanged sentence
Foreign Currency Exchange Risk
−Removed: We have operations in Sweden and Australia and sell to other countries throughout the world.
−Removed: As a result, we are subject to significant foreign currency risks, including transacting in foreign currencies, investment in a foreign entity, as well as assets and debts denominated in foreign currencies.
+Added: We have operations in Sweden and sell to other countries throughout the world.
+Added: As a result, we are subject to foreign currency risks, including transacting in foreign currencies, investment in a foreign entity, as well as assets and debts denominated in foreign currencies.
Our testing services revenue is primarily denominated in U.S.
4 unchanged sentences
A portion of our operating expenses are incurred outside of the U.S.
−Removed: and are denominated in Swedish Krona, the Euro, and the Australian dollar, which are also subject to fluctuations due to changes in foreign currency exchange rates.
−Removed: An unfavorable 10% change in foreign currency exchange rates for our assets and liabilities denominated in foreign currencies at December 31, 2023, would have negatively impacted our financial results for the year ended December 31, 2023 by $0.6 million and our product revenue by $1.4 million.
−Removed: Currently, we do not have any near-term plans to enter into a formal hedging program to mitigate the effects of foreign currency volatility.
+Added: and are denominated in Swedish Krona, and the Euro, which are also subject to fluctuations due to changes in foreign currency exchange rates.
+Added: An unfavorable 10% change in foreign currency exchange rates for our assets and liabilities denominated in foreign currencies at December 31, 2024, would have negatively impacted our consolidated balance sheets for the year ended December 31, 2024 by $0.1 million and our product revenue by $1.5 million.
+Added: Currently, we do not have any near-term plans to enter into a formal hedging program to mitigate the effects of foreign currency volatility but may do so in the future if our exposure to foreign currencies should become more significant.
We will continue to reassess our approach to managing our risk relating to fluctuations in foreign currency exchange rates.
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.