2 unchanged sentences
Foreign Currency Exchange Risk
−Removed: Although we are headquartered in the U.S., our results of operations, including our foreign subsidiaries’ operations, are subject to foreign currency exchange rate fluctuations, primarily the U.S.
+Added: Although we are headquartered in the U.S.
+Added: our results of operations, including our foreign subsidiaries’ operations, are subject to foreign currency exchange rate fluctuations, primarily the U.S.
dollar against the Euro, Pound Sterling, Swedish Krona, and Czech Koruna.
−Removed: This exchange exposure may have a material effect on our cash flow and results of operations, particularly in cases of revenue generated under APAs that include provisions that impact our and our counterparty’s currency exchange exposure.
+Added: This exchange exposure may have a material effect on our cash and cash equivalents, cash flows, and results of operations, particularly in cases of revenue generated under APAs that include provisions that impact our and our counterparty’s currency exchange exposure.
To date, we have not entered into any foreign currency hedging contracts, although we may do so in the future.
2 unchanged sentences
While the financial results of our global activities are reported in U.S.
−Removed: dollars, the functional currency of our foreign subsidiaries is generally their respective local currency.
+Added: dollars, the functional currency for our foreign subsidiaries is generally their respective local currency.
Fluctuations in the foreign currency exchange rates of the countries in which we do business will affect our operating results, often in ways that are difficult to predict.
A 10% decline in the foreign exchange rates (primarily against the U.S.
−Removed: dollar) relating to our foreign consolidated subsidiaries would result in a decline of stockholders’ equity of approximately $17 million as of September 30, 2022.
+Added: dollar) relating to our foreign subsidiaries would result in a decline of stockholders’ equity (deficit) of approximately $14 million as of March 31, 2023.
Market and Interest Rate Risk
The primary objective of our investment activities is preservation of capital, with the secondary objective of maximizing income.
−Removed: Our exposure to market risk is primarily confined to our investment portfolio, which historically has been classified as available-for-sale.
+Added: Our exposure to interest rate risk is primarily confined to our investment portfolio, which historically has been classified as available-for-sale.
We do not believe that a change in the market rates of interest would have any significant impact on the realizable value of our investment portfolio.
6 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.