10 unchanged sentences
A hypothetical 10% change in interest rates would have had a $2.2 million and an $0.6 million impact to interest income for the years ended December 31, 2024 and 2023, respectively.
−Removed: As of December 31, 2023 and 2022, we had total outstanding debt of $35.0 million and $34.9 million, respectively, net of debt issuance costs.
+Added: As of December 31, 2024 we had $661.3 million in outstanding aggregate principal amount of fixed rate debt relating to our 2029 Notes.
+Added: Accordingly, we do not have economic interest rate exposure on the 2029 notes.
+Added: However, changes in interest rates could impact the fair market value of the 2029 Notes.
+Added: The estimated fair value of our 2029 Notes as of December 31, 2024 was $641.2 million.
+Added: As of December 31, 2023 we had total outstanding debt of $35.0 million, net of debt issuance costs relating to the 2022 Term Loans.
The SVB Loan Agreement carried a variable interest rate based on the “Prime Rate” published by The Wall Street Journal.
−Removed: A hypothetical 10% change in interest rates during each of the years ended December 31, 2023 and 2022 would have resulted in an immaterial impact on our Consolidated Financial Statements.
+Added: A hypothetical 10% change in interest rates during the year ended December 31, 2023 would have resulted in an immaterial impact on our Consolidated Financial Statements.
+Added: Market Price Sensitive Instruments
+Added: The 2029 Capped Calls are expected generally to reduce potential dilution to our common stock upon conversion of the 2029 Notes and/or offset any cash payments that we could be required to make in excess of the principal amount of converted 2029 Notes, with such reduction and/or offset subject to a cap.
+Added: See Note 9, Debt, in the notes to our Consolidated Financial Statements for further information on our debt.
Foreign Currency Exchange Rate Sensitivity
We face foreign exchange risk as a result of entering into transactions denominated in currencies other than U.S.
−Removed: dollars, particularly in British Pound Sterling and in Philippine Pesos.
+Added: dollars, particularly in British Pound Sterling, Philippine Pesos, Euros, and Swiss Francs.
As of December 31, 2024 and 2023, we do not consider this risk to be material.
4 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.