2 unchanged sentences
ChargePoint is exposed to market risk for changes in interest rates.
−Removed: ChargePoint had cash, cash equivalents and restricted cash totaling $ 315.6 million as of January 31, 2022.
+Added: ChargePoint had cash, cash equivalents and restricted cash totaling $294.6 million and short-term investments of $105.0 million as of January 31, 2023.
Cash equivalents were invested primarily in money market funds.
1 unchanged sentence
Under the policy, ChargePoint invests in highly rated securities, issued by the U.S.
−Removed: government or liquid money market funds.
+Added: government, and short durations or liquid money market funds.
ChargePoint does not invest in financial instruments for trading or speculative purposes, nor does it use leveraged financial instruments.
ChargePoint utilizes external investment managers who adhere to the guidelines of its investment policy.
−Removed: A hypothetical 10% change in interest rates would not have a material impact on the value of ChargePoint’s cash and cash equivalents.
+Added: A hypothetical 10% change in interest rates would not have a material impact on the value of ChargePoint’s cash, cash equivalents and short-term investments.
+Added: There was no material change in ChargePoint’s interest rate risk during fiscal year ended January 31, 2023 compared to fiscal year ended January 31, 2022.
Foreign Currency Risk
1 unchanged sentence
dollar, primarily the euro, causing both its revenue and its operating results to be impacted by fluctuations in the exchange rates.
−Removed: Gains or losses from the revaluation of certain cash balances, accounts receivable balances and intercompany balances that are denominated in these currencies impact ChargePoint’s net loss.
+Added: As ChargePoint’s foreign operations expand, its results may be more materially impacted by fluctuations in the exchange rates of the currencies in which it does business.
+Added: Gains or losses from the revaluation of certain cash balances, accounts receivable balances and intercompany balances that are denominated in these currencies can impact ChargePoint’s net loss.
A hypothetical decrease in all foreign currencies against the U.S.
dollar of 10% would not result in a material foreign currency loss on foreign-denominated balances, as of January 31, 2023.
−Removed: As ChargePoint’s foreign operations expand, its results may be more materially impacted by fluctuations in the exchange rates of the currencies in which it does business.
+Added: There was no material change in ChargePoint’s foreign currency risk during fiscal year ended January 31, 2023 compared to fiscal year ended January 31, 2022.
At this time, ChargePoint does not enter into financial instruments to hedge its foreign currency exchange risk, but it may in the future.
+Added: Table of Content
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.