6 unchanged sentences
The risk related to interest rates for these accounts would produce less income than expected if market interest rates fall.
−Removed: Based on current interest rates, we do not believe we are exposed to significant downside risk related to a change in interest on our money market accounts at September 30, 2024.
+Added: Based on current interest rates, we do not believe we are exposed to significant downside risk related to a change in interest on our money market accounts at March 31, 2025.
The interest rate risk related to borrowings under our line of credit was based on Term SOFR plus an interest rate spread.
The pricing under the Loan Agreement provides for an interest rate spread of 1.75% to 2.75% above Term SOFR with a minimum Term SOFR of 0.90%.
−Removed: The applicable interest rate under the Loan Agreement was 8.000% at September 30, 2024.
−Removed: As of September 30, 2024, we had $16.1 million in borrowings outstanding under our revolving credit facility.
+Added: The applicable interest rate under the Loan Agreement was 7.125% at March 31, 2025.
+Added: As of March 31, 2025, we had $5.2 million in borrowings outstanding under our revolving credit facility.
Exchange Rate Risk
2 unchanged sentences
We believe our exposure to foreign currency fluctuation is minimal as our purchases in foreign currency have a maximum exposure of 90 days based on invoice terms with a portion of the exposure being limited to 30 days based on the due date of the invoice.
−Removed: Foreign currency exchange gains and losses were immaterial for the nine months ended September 30, 2024 and 2023.
+Added: Foreign currency exchange gains and losses were immaterial for the three months ended March 31, 2025 and 2024.
Neither a five percent increase nor decrease from current exchange rates would have a material effect on our operating results or financial condition.
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.