3 unchanged sentences
Our primary exposure to market risk is interest rate sensitivity, which is affected by changes in the general level of U.S.
−Removed: interest rates, particularly because our cash equivalents are invested in short-term U.S.
+Added: interest rates, particularly because our cash equivalents have historically been invested in short-term U.S.
Treasury obligations.
−Removed: 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.
+Added: However, because of the short-term nature of the instruments in our portfolio as of December 31, 2024, 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.
+Added: In February 2025, we expanded our investment of excess cash and cash equivalents to include U.S.
+Added: Treasuries, corporate papers and bonds, bank obligations and certificates, and other interest bearing securities, whereby no underlying security may have a term greater than two years and in which the entire portfolio would have weighted average maturity of six-months or less.
+Added: An immediate change in market interest rates of 100 basis points on the new investments 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.
Foreign Currency Exchange Rate Risk
1 unchanged sentence
dollars at the applicable currency exchange rate for inclusion in our consolidated financial statements.
−Removed: Foreign currency translation gain (loss) was $4.1 million and $(0.9) million for the years ended December 31, 2023 and 2022, respectively.
−Removed: 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.
+Added: Foreign currency translation (loss) gain was $(4.8) million and $4.1 million for the years ended December 31, 2024 and 2023, respectively.
+Added: Foreign currency translation adjustments are accounted for as a component of accumulated other comprehensive (loss) income within stockholders’ equity.
+Added: Additionally, we have contracted with and may continue to contract with foreign customers, suppliers, and contractors.
We do not believe that an immediate 10% increase or decrease in the relative value of the U.S.
4 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.