QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK
+Added: We are exposed to certain market risks in the ordinary course of our business.
+Added: Our market risk exposure is primarily a result of exposure resulting from interest rates, currency exchange rates, and effects of inflation.
Interest Rate Risk
13 unchanged sentences
We therefore believe that the risk of a significant impact on our operating income from foreign currency fluctuations is not significant.
−Removed: The risk of a significant impact on our operating income from foreign currency
−Removed: fluctuations will further diminish as revenue from sales to customers in the United States increases and represents a greater proportion of total revenues.
+Added: The risk of a significant impact on our operating income from foreign currency fluctuations will further diminish as revenue from sales to customers in the United States increases and represents a greater proportion of total revenues.
A 10% change in weighted average foreign currency exchange rates would have changed our revenues and operating expenses for the year ended December 31, 2023 by approximately $2.3 million and $1.9 million, respectively, with a net impact of $0.4 million on our net income.
2 unchanged sentences
Inflation Risk
−Removed: In recent months, high inflation rates in the U.S.
+Added: High inflation rates in the U.S.
and overseas have resulted in increased transportation, wages, and other costs.
3 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.