−Removed: QUANTITATIVE AND QUALITATIVE DISCLOSURES
−Removed: ABOUT MARKET RISK
−Removed: Exchange Risk
−Removed: Our results of operations and cash flows are affected by fluctuations
−Removed: in foreign currency exchange rates.
+Added: QUANTITATIVE AND QUALITATIVE
+Added: DISCLOSURES ABOUT MARKET RISK
+Added: Currency Exchange Risk
+Added: Our results of operations and cash flows are affected
+Added: by fluctuations in foreign currency exchange rates.
Since 2015, most of our expenses were denominated in U.S.
−Removed: dollars and the remaining expenses
−Removed: were denominated in NIS and euros, until 2018 most of our revenues were denominated in U.S.
−Removed: dollars and the remainder of our revenues
−Removed: was denominated in euros and British pound whereas in the last three years our euro revenues are higher than our U.S dollar revenues.
−Removed: Accordingly, changes in the value of the NIS and euro relative to the U.S.
−Removed: dollar in each of the years 2021, 2020, and 2019 impacted amounts
−Removed: recorded on our consolidated statements of operations for those periods.
−Removed: We expect that the denominations of our revenue and expenses
−Removed: in 2022 will be consistent with what we experienced in 2021.
−Removed: The following table presents information about the changes in the
−Removed: exchange rates of the NIS and euro against the U.S.
+Added: dollars and the remaining
+Added: expenses were denominated in NIS and euro, until 2018 most of our revenue was denominated in U.S.
+Added: dollars and the remainder of our revenue
+Added: was denominated in euro and British pound whereas in the last four years our euro revenue is higher than our U.S dollar revenue.
+Added: changes in the value of the NIS and Euro relative to the U.S.
+Added: dollar in each of the years 2022, 2021, and 2020 impacted amounts recorded
+Added: on our consolidated statements of operations for these periods.
+Added: We expect that the denominations of our revenue and expenses in 2023 will
+Added: be consistent with what we experienced in 2022.
+Added: The following table presents information about
+Added: the devaluation in the exchange rates of the NIS and euro against the U.S.
dollar in 2022, 2021 and 2020:
4 unchanged sentences
rate in the given period compared to the average exchange rate in the immediately preceding period.
−Removed: Negative figures represent depreciation
+Added: Negative figures represent the devaluation
dollar compared to the NIS or the euro.
4 unchanged sentences
dollar would have decreased or increased our net loss by approximately $13 thousand in 2022.
−Removed: From time to time, we enter into limited short term hedging arrangements
−Removed: with financial institutions.
−Removed: We do not use derivative financial instruments for speculative or trading purposes.
Other Market Risks
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.