4 unchanged sentences
Interest Rate Sensitivity
−Removed: Our unrestricted cash, cash equivalents, and short-term investments in marketable securities tot al $66.3 million as of June 30, 2025.
+Added: Our unrestricted cash, cash equivalents, and short-term investments in marketable securities total $58.7 million as of September 30, 2025.
We primarily invest these amounts in money market funds and short-term debt which are held for working capital purposes.
We do not enter into investments for trading or speculative purposes.
−Removed: As of June 30, 2025, the effect of a hypothetical 10% decrease in market interest rates would have a $0.2 million impact on a potential loss in future interest income and cash flows.
+Added: As of September 30, 2025, the effect of a hypothetical 10% decrease in market interest rates would hav e a $0.3 million i mpact on a potential loss in future interest income and cash flows.
We are also exposed to market risk from changes in interest rates as a result of our indebtedness under the Innovatus Loan.
−Removed: At June 30, 2025, we had $40.8 million principal amount outstanding under the Innovatus Loan.
+Added: At September 30, 2025, we had $41.0 million principal amount outstanding under the Innovatus Loan.
The floating per annum interest rate of the Innovatus Loan is equal to the sum of (a) the greater of (i) prime rate published in the Money Rates section of the Wall Street Journal and (ii) 7.50% , plus (b) 3.25%;
provided that, at the election of the Company, up to 2.00% of such rate shall be payable in-kind until the third anniversary of the Closing Date.
−Removed: An immediate 10% increase in the prime interest rate would result in a $0.3 million impact on our results of operations over the next twelve months from June 30, 2025.
+Added: An immediate 10% increase in the prime interest rate would result in a $0.3 million impact on our results of operations over the next twelve months from September 30, 2025.
Foreign Currency Risk
4 unchanged sentences
These non-functional currency denominated monetary assets are subject to re-measurement which may create fluctuations in Interest and other expense, net, a component in our condensed consolidated statements of operations and in the fair value of the assets in the condensed consolidated balance sheets.
−Removed: As of June 30, 2025, the effect of a hypothetical 10% unfavorable change in exchange rates on currencies denominated in other than their functional currency would result in a potential loss in future earnings in our condensed consolidated statements of operations and a reduction in the fair value of the assets of approximately $40 thousand.
+Added: As of September 30, 2025, the effect of a hypothetical 10% unfavorable change in exchange rates on currencies denominated in other than their functional currency is minimal.
Investment in Non-Marketable Equity Securities
3 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.