6 unchanged sentences
We do not enter into investments for trading or speculative purposes.
−Removed: Due to the short-term nature of these instruments, we do not believe that an immediate 10% increase or decrease in interest rates would have a material effect on the fair market value of our investment portfolio.
+Added: Due to the short-term nature of these instruments, we do not believe that
+Added: an immediate 10% increase or decrease in interest rates would have a material effect on the fair market value of our investment portfolio.
Declines in interest rates, however, would reduce our future interest income.
1 unchanged sentence
Our revenue and expenses are primarily denominated in U.S.
−Removed: For the year ended April 30, 2020, we recorded a loss of $2.2 million on foreign exchange transactions.
To date, we have not had a formal hedging program with respect to foreign currency, but we may do so in the future if our exposure to foreign currency should become more significant.
For business conducted outside of the United States, we may have both revenue and costs incurred in the local currency of the subsidiary, creating a partial natural hedge.
−Removed: Changes to exchange rates therefore have not had a significant impact on the business to date;
+Added: Changes to exchange rates therefore have not had a significant impact on our operating results to date;
however, we will continue to reassess our foreign exchange exposure as we continue to grow our business globally.
−Removed: We do not believe that an immediate 10% increase or decrease in the relative value of the U.S.
−Removed: dollar to other currencies would have a material effect on operating results.
+Added: We have experienced and will continue to experience fluctuations in net loss as a result of transaction gains or losses related to remeasurement of certain asset and liability balances that are denominated in currencies other than the functional currency of the entities in which they are recorded.
+Added: An immediate 10% increase or decrease in the relative value of the U.S.
+Added: dollar to other currencies could have a material effect on our net loss.
+Added: As a component of other income, net, we recognized a foreign currency transaction gain of $7.7 million and a foreign currency transaction loss of $2.2 million in the years ended April 30, 2021 and April 30, 2020, respectively.
As of April 30, 2021, our cash, cash equivalents, and restricted cash were primarily denominated in U.S.
−Removed: dollars, Euros, and Great British Pounds.
−Removed: A 10% increase or decrease in current exchange rates would not materially affect our cash, cash equivalents, and restricted cash balances.
+Added: dollars, Euros, and British pounds.
+Added: A 10% increase or decrease in current exchange rates would have an impact of approximately $11.0 million on our cash, cash equivalents, and restricted cash balances.
Inflation Risk
1 unchanged sentence
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.