1 unchanged sentence
Interest rate risk
−Removed: As of June 30, 2021, we had cash, cash equivalents and marketable securities of $299.2 million.
+Added: As of September 30, 2021, we had cash, cash equivalents and marketable securities of $290.5 million.
Our primary exposure to market risk is interest income sensitivity, which is affected by changes in the general level of U.S.
1 unchanged sentence
However, because of the short-term maturities and the low-risk profile of our investments, an immediate one percentage point relative change in market interest rates would not have a material impact on the fair market value of our investment portfolio or on our financial position or results of operations.
−Removed: As of June 30, 2021, we had no debt outstanding and are therefore not exposed to interest rate risk with respect to debt.
+Added: As of September 30, 2021, we had no debt outstanding and are therefore not exposed to interest rate risk with respect to debt.
Foreign currency exchange risk
6 unchanged sentences
A hypothetical 10% relative change in foreign exchange rates during any of the periods presented would not have had a material impact on our financial condition or results of operations.
−Removed: There was no material foreign currency risk for the three and six months ended June 30, 2021.
+Added: There was no material foreign currency risk for the three and nine months ended September 30, 2021.
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.