1 unchanged sentence
Market risk is the risk of economic losses due to adverse changes in financial market prices and rates.
−Removed: Our primary market risk has been interest rate, foreign currency and inflation risk.
−Removed: We do not have material exposure to commodity risk.
+Added: Our primary market risks have been interest rate, foreign currency and inflation risk.
Interest Rate Risk
We are exposed to interest rate risk through our variable rate debt.
−Removed: As of December 31, 2023, we had $122.5 million of Term Loan debt that is subject to variable interest rates that are based on Secured Overnight Financing Rate (“SOFR”) or an alternate base rate.
+Added: As of December 31, 2024, we had $119.3 million of Term Loan debt that is subject to variable interest rates that are based on SOFR or an alternate base rate.
Refer to Note 10 – Debt for details relating to the debt.
11 unchanged sentences
To date, we have not entered into any foreign currency exchange contracts and currently do not expect to enter into foreign currency exchange contracts for trading or speculative purposes.
−Removed: Impact of Inflation
+Added: Inflation Risk
Our results of operations and financial condition are presented based on historical costs.
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.