3 unchanged sentences
These risks primarily relate to interest rates fluctuations.
−Removed: We had cash and cash equivalents of $95.0 million as of September 30, 2024, which include bank deposits and money market funds.
−Removed: We had marketable investment securities of $184.8 million as of September 30, 2024, which include U.S.
+Added: We had cash and cash equivalents of $89.7 million as of March 31, 2025, which include bank deposits and money market funds.
+Added: We had marketable investment securities of $185.5 million as of March 31, 2025, 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 September 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%.
−Removed: In September 2024, the U.S.
−Removed: Federal Reserve lowered interest rates by 50 basis points, lowering the target for key lending rates by half a percent and the WSJ Prime Rate decreased by 50 basis points thereafter.
+Added: We had long-term debt of $8.9 million as of March 31, 2025, 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.
4 unchanged sentences
Further, given the complexities of the reimbursement landscape in which we operate, our payors may be unwilling or unable to increase reimbursement rates to compensate for inflationary impacts.
+Added: Equity Price Risk
+Added: As of March 31, 2025, we had equity securities with a total fair value of $2.1 million.
+Added: A hypothetical 10% decrease in the market price of our trading securities as of March 31, 2025 would decrease the fair value by approximately $0.2 million.
+Added: These securities are subject to a wide variety and number of market-related risks that could substantially reduce or increase the fair value of our holdings.
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.