5 unchanged sentences
2025 Notes and Embedded Derivative
−Removed: Our total fixed-rate borrowings under the 2025 Notes as of both March 31, 2022 and December 31, 2021 were $161.9 million.
+Added: Our total fixed-rate borrowings under the 2025 Notes as of both June 30, 2022 and December 31, 2021 were $161.9 million.
We record all of our fixed-rate borrowings at amortized cost and therefore, any changes in interest rates do not impact the values that we report for these senior notes on our consolidated financial statements.
−Removed: As of both March 31, 2022 and December 31, 2021, we had no variable-rate borrowings.
−Removed: The 2025 Notes include an embedded derivative which was marked to fair value at March 31, 2022 and December 31, 2021 of $0.3 million and $0.9 million, respectively.
+Added: As of both June 30, 2022 and December 31, 2021, we had no variable-rate borrowings.
+Added: The 2025 Notes include an embedded derivative which was marked to fair value at June 30, 2022 and December 31, 2021 of $0.02 million and $0.9 million, respectively.
The fair value inputs to the derivative valuation include dividend yield, term, volatility, stock price, and risk-free rate.
12 unchanged sentences
Dollar could have the opposite effect.
−Removed: Such economic exposure to currency fluctuations is difficult to measure or predict because our sales are also influenced by many other factors.
−Removed: For the three months ended March 31, 2022, sales denominated in foreign currencies were approximately 14.2% of total revenue.
+Added: Such economic exposure to currency fluctuat ions is difficult to measure or predict because our sales are also influenced by many other factors.
+Added: For the three and six months ended June 30, 2022, sales denominated in foreign currencies were approximately 14.6% and 14.4% of total revenue.
Our expenses are generally denominated in the currencies in which our operations are located, which are primarily in the U.S.
−Removed: and to a lesser extent in Europe.
+Added: and to a lesser extent in E urope.
Our results of operations and cash flows are, therefore, subject to fluctuations due to changes in foreign currency exchange rates and may be adversely affected in the future due to changes in foreign exchange rates.
−Removed: These foreign functional currencies consist of the pound sterling, Euro, and Australian Dollar (collectively, the “Foreign Functional Currencies”).
−Removed: For the three months ended March 31, 2022, a hypothetical 10% change in Foreign Functional Currency exchange rates would have increased or decreased our revenue by approximately $0.9 million.
−Removed: Actual gains and losses in the future may differ materially from the hypothetical gains and losses discussed above based on changes in the timing and amount of foreign currency exchange rate movements.
+Added: These foreign functional currencies consist of the pound sterling, Euro, and Australian Dollar (collectively, the “Foreign Functional Cu rrencies”).
+Added: For the three and six months ended June 30, 2022, a hy pothetical 10% change in Foreign Functional Currency exchange rates would have increased or decreased our revenue by approximately $0.9 million and $1.8 million, respectively.
+Added: Act ual gains and losses in the future may differ materially from the hypothetical gains and losses discussed above based on changes in the timing and amount of foreign currency exchange rate movements.
With the completion of Ctrack South Africa divestiture in July 2021, our foreign currency transaction risk is expected to decrease.
7 unchanged sentences
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.