3 unchanged sentences
Interest Rates
−Removed: As of September 30, 2025, we had $172.8 million of variable rate bank debt outstanding under our Credit Facility.
+Added: As of March 31, 2026, we had $162.7 million of variable rate bank debt outstanding under our 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 or decrease by a hypothetical 100 basis points, or one percentage point, from its September 30, 2025 level, our annual interest expense would increase or decrease, respectively, and cash flow from operations would decrease or increase, respectively, by $1.7 million based on the outstanding balance of our term loan as of September 30, 2025.
+Added: For example, if the SOFR were to increase or decrease by a hypothetical 100 basis points, or one percentage point, from its March 31, 2026 level, our annual interest expense would increase or decrease, respectively, and cash flow from operations would decrease or increase, respectively, by $1.6 million based on the outstanding balance of our term loan as of March 31, 2026.
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 advertising technology & services operations, and we expect a portion of our future revenues will be denominated in currencies other than the U.S.
+Added: However, we have operations in countries other than the United States, primarily related to our ATS operations, and we expect a portion of our future revenues will be denominated in currencies other than the U.S.
dollar, primarily the Euro.
−Removed: The effect of an immediate and hypothetical 10% adverse change in foreign exchange rates on foreign-denominated accounts receivable at September 30, 2025 would not be material to our consolidated results of operations or overall financial condition.
+Added: The effect of an immediate and hypothetical 10% adverse change in foreign exchange rates on foreign-denominated accounts receivable at March 31, 2026 would not be material to our consolidated results of operations or overall financial condition.
Our operating expenses are primarily denominated in U.S.
1 unchanged sentence
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 advertising technology & services operations.
+Added: dollar can increase the amount of operating expense of our international operations, which are primarily related to our ATS operations.
Increases and decreases in foreign-denominated revenue from movements in foreign exchange rates are partially offset by corresponding decreases or increases in foreign-denominated operating expenses.
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.