3 unchanged sentences
These risks primarily relate to interest rates fluctuations.
−Removed: We had cash and cash equivalents of $82.9 million as of March 31, 2024, which include bank deposits and money market funds.
−Removed: We had marketable investment securities of $156.3 million as of March 31, 2024, which
+Added: We had cash and cash equivalents of $85.6 million as of June 30, 2024, which include bank deposits and money market funds.
+Added: We had marketable investment securities of $174.1 million as of June 30, 2024, which include U.S.
government securities.
Due to the nature of these instruments, we believe that we have no material exposure to interest rate risk.
−Removed: We had long-term debt of $10.0 million as of March 31, 2024, consisting of an outstanding term loan which bears interest at a floating rate that fluctuates with the WSJ Prime Rate, subject to an interest rate floor of 6.00%.
+Added: We had long-term debt of $10.0 million as of June 30, 2024, consisting of an outstanding term loan which bears interest at a floating rate that fluctuates with the WSJ Prime Rate, subject to an interest rate floor of 6.00%.
A hypothetical 10% change in interest rates during any of the periods presented would not have had a material impact on our financial statements.
5 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.