Quantitative and Qualitative Disclosures About Market Risk.
−Removed: Interest Rate Fluctuation Risk
+Added: Interest Rate Risk
We are exposed to market risk related to changes in interest rates.
1 unchanged sentence
interest rates, particularly because our cash equivalents are invested in short-term U.S.
−Removed: Treasury and government obligations.
+Added: Treasury obligations.
However, because of the short-term nature of the instruments in our portfolio, an immediate change in market interest rates of 100 basis points would not have a material impact on the fair market value of our cash and cash equivalents or on our financial position or results of operations.
1 unchanged sentence
We are subject to foreign currency exchange rate risk from the translation of the financial statements of our foreign subsidiaries, whose financial condition and results of operations are reported in their local currencies and then translated into U.S.
−Removed: dollars at the applicable currency exchange rate for inclusion in our consolidated financial statements.
−Removed: Foreign currency translation loss was $1.6 million and $2.4 million in the three months ended September 30, 2023 and 2022, respectively, and $0.3 million and $6.2 million in the nine months ended September 30, 2023 and 2022, respectively.
+Added: dollars at the applicable currency exchange rate for inclusion in our condensed consolidated financial statements.
+Added: Foreign currency translation (loss) gain was $(3.0) million and $1.0 million for the three months ended March 31, 2024 and 2023, respectively.
Foreign currency translation adjustments are accounted for as a component of accumulated other comprehensive loss within stockholders’ equity.
−Removed: Additionally, we have contracted with and may continue to contract with foreign vendors and customers.
+Added: Additionally, we have contracted with and may continue to contract with foreign vendors.
We do not believe that an immediate 10% increase or decrease in the relative value of the U.S.
2 unchanged sentences
Inflation generally affects us by increasing our cost of labor, laboratory supplies, consumables and equipment.
−Removed: We do not believe that inflation had a material effect on our business, financial condition or results of operations during the three and nine months ended September 30, 2023.
+Added: We do not believe that inflation had a material effect on our business, financial condition or results of operations during the three months ended March 31, 2024.
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.