3 unchanged sentences
Interest Rates
−Removed: As of June 30, 2024, we had $187.8 million of variable rate bank debt outstanding under our 2023 Credit Facility.
+Added: As of September 30, 2024, we had $187.8 million of variable rate bank debt outstanding under our 2023 Credit Facility.
Our borrowings bear interest on the outstanding principal amount thereof from the date when made at a rate per annum equal to either:
2 unchanged sentences
Because our debt is subject to interest at a variable rate, our earnings will be affected in future periods by changes in interest rates.
−Removed: If the SOFR were to increase by a hypothetical 100 basis points, or one percentage point, from its June 30, 2024 level, our annual interest expense would increase and cash flow from operations would decrease by $1.9 million based on the outstanding balance of our term loan as of June 30, 2024.
+Added: If the SOFR were to increase by a hypothetical 100 basis points, or one percentage point, from its September 30, 2024 level, our annual interest expense would increase and cash flow from operations would decrease by $1.9 million based on the outstanding balance of our term loan as of September 30, 2024.
Foreign Currency
2 unchanged sentences
dollars, and the majority of our current revenues continue to be, and are expected to remain, denominated in U.S.
−Removed: However, we have operations in countries other than the United States, primarily related to our continuing digital operations, and expect a portion of our future revenues will be denominated in currencies other than the U.S.
−Removed: The effect of an immediate and hypothetical 10% adverse change in foreign exchange rates on foreign-denominated accounts receivable at June 30, 2024 would not be material to our consolidated results of operations or overall financial condition.
+Added: However, we have operations in countries other than the United States, primarily related to our advertising technology & services operations, and expect a portion of our future revenues will be denominated in currencies other than the U.S.
+Added: dollar, primarily the Euro.
+Added: The effect of an immediate and hypothetical 10% adverse change in foreign exchange rates on foreign-denominated accounts receivable at September 30, 2024 would not be material to our consolidated results of operations or overall financial condition.
Our operating expenses are primarily denominated in U.S.
2 unchanged sentences
In addition, currency fluctuations or a weakening U.S.
−Removed: dollar can increase the amount of operating expense of our international operations, which are primarily related to our continuing digital operations.
+Added: dollar can increase the amount of operating expense of our international operations, which are primarily related to our advertising technology & services operations.
To date, we have not entered into any foreign currency hedging contracts, since exchange rate fluctuations historically have not had a material effect on our operating results and cash flows.
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.