Quantitative and Qualitative Disclosures About Market Risk
−Removed: We have operations both within the United States and internationally, and we are exposed to market risk in the ordinary course of our business.
+Added: We have operations both within the United States and internationally, and we are exposed to interest rate risk and foreign currency risk in the ordinary course of our business.
Interest Rate Risk
−Removed: We had cash, cash equivalents, and restricted cash of $863.6 million as of April 30, 2022.
+Added: We had cash, cash equivalents, restricted cash, and marketable securities totaling $917.7 million as of April 30, 2023.
Our cash, cash equivalents, and restricted cash are held in cash deposits and money market funds.
11 unchanged sentences
Our revenue and expenses are primarily denominated in U.S.
−Removed: 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.
+Added: dollars, and to a lesser extent the Euro, British Pound Sterling, and other currencies.
+Added: To date, we have not had a formal hedging program with respect to foreign currency, but we may adopt such a program 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 material impact on our operating results to date;
−Removed: however, we will continue to reassess our foreign exchange exposure as we continue to grow our business globally.
+Added: Although changes to exchange rates have not had a material impact on our net operating results to date, we will continue to reassess our foreign exchange exposure as we continue to grow our business globally.
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.
1 unchanged sentence
dollar to other currencies could have a material effect on our revenue, operating expenses, and net loss.
−Removed: As a component of other income, net, we recognized a foreign currency transaction loss of $3.6 million and a foreign currency transaction gain of $7.7 million for the years ended April 30, 2022 and April 30, 2021, respectively.
−Removed: As of April 30, 2022, our cash, cash equivalents, and restricted cash were primarily denominated in U.S.
−Removed: dollars, Euros, and British pounds.
−Removed: A 10% increase or decrease in current exchange rates would have an impact of approximately $20.2 million on our cash, cash equivalents, and restricted cash balances.
−Removed: T a b l e o f C o ntents
+Added: As a component of other income, net, we recognized a foreign currency transaction loss of $0.4 million and $3.6 million for the years ended April 30, 2023 and 2022, respectively, and a foreign currency transaction gain of $7.7 million for the year ended April 30, 2021.
+Added: As of April 30, 2023, our cash, cash equivalents, restricted cash, and marketable securities were primarily denominated in U.S.
+Added: dollars, Euros, and British Pound Sterling.
+Added: A 10% increase or decrease in exchange rates as of such date would have had an impact of approximately $19.3 million on our cash, cash equivalents, restricted cash, and marketable securities balances.
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.