1 unchanged sentence
Interest rate risk
−Removed: As of September 30, 2021, we had cash, cash equivalents and marketable securities of $290.5 million.
+Added: As of March 31, 2022, we had cash, cash equivalents and marketable securities of $265.8 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 September 30, 2021, we had no debt outstanding and are therefore not exposed to interest rate risk with respect to debt.
+Added: As of March 31, 2022, 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 nine months ended September 30, 2021.
+Added: There was no material foreign currency risk for the three months ended March 31, 2022.
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.