6 unchanged sentences
The Credit Agreement and Revolver are floating rate facilities.
−Removed: Therefore, fluctuations in interest rates will impact the amount of interest
−Removed: expense we incur and have to pay.
−Removed: We did not have any borrowings outstanding under our Credit Agreement or Revolver at December 31, 2022 and December 31, 2021, respectively.
+Added: Therefore, fluctuations in interest rates will impact the amount of interest expense we incur and have to pay.
+Added: We did not have any borrowings outstanding under our Credit Agreement at December 31, 2023 and December 31, 2022, respectively.
We do not purchase or hold any derivative financial instruments for trading purposes.
Investment Risk
−Removed: We had cash and cash equivalents including restricted cash and cash equivalents totaling $134.0 million and $213.5 million as of December 31, 2022 and December 31, 2021, respectively.
+Added: We had cash and cash equivalents totaling $132.9 million and $134.0 million as of December 31, 2023 and December 31, 2022, respectively.
Our investment policy and strategy primarily attempt to preserve capital and meet liquidity requirements without significantly increasing risk.
11 unchanged sentences
Dollars pursuant to the terms of the relevant contracts.
−Removed: While we have the ability to change the foreign currency pricing of our virtual currency, sudden and significant changes in the exchange rates of the Canadian and Australian Dollars and Pound Sterling to the U.S.
+Added: While we have the ability to change the foreign currency pricing of our virtual currency, sudden and significant changes in the exchange rates of the
+Added: Canadian and Australian Dollars and Pound Sterling to the U.S.
Dollar could have a material impact on our results of operations.
−Removed: We do not hedge our foreign currency exposure but may do so in the future.
However, a significant portion of our headcount related expenses, consisting principally of salaries and related personnel expenses, as well as leases and certain other operating expenses, are denominated in New Israeli Shekels, or NIS.
We also have foreign currency risks related to our operating expenses denominated in currencies other than the U.S.
−Removed: Dollar, including the Hong Kong Dollar, Euro, Serbian Dinar, Vietnamese Dong, and Singaporean Dollar.
+Added: Dollar, including the Hong Kong Dollar, Euro, Serbian Dinar, Vietnamese Dong, Singaporean Dollar, Mexican Peso, and Chilean Peso.
Accordingly, changes in exchange rates in the future may negatively affect our future operating results as expressed in U.S.
We have experienced and will continue to experience fluctuations in our net income as a result of transaction gains or losses related to remeasurement of our asset and liability balances that are denominated in currencies other than the functional currency of the entities in which they are recorded.
−Removed: A hypothetical 5% strengthening or weakening of the U.S.
−Removed: Dollar would have increased or decreased our foreign currency gain or loss for a twelve-month period by an immaterial amount.
+Added: As of December 31, 2023, we entered into derivative contracts to purchase certain foreign currencies, including the NIS, at future dates.
+Added: The notional value of amounts hedged was approximately $2.5 million, and all contracts are expected to mature during the upcoming 12 months.
+Added: Subsequent to December 31, 2023, we entered into additional derivatives contracts to purchase certain foreign currencies, including the NIS, at future dates.
+Added: The notional value of amounts hedged was approximately $30.4 million, and all contracts are expected to mature within 12 months of the purchase date.
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.