4 unchanged sentences
Convertible Senior Notes in Part I, Item 1 of this Quarterly Report on Form 10-Q for additional information.
−Removed: During the three months ended March 31, 2025, we invested in cash equivalents, U.S.
+Added: During the six months ended June 30, 2025, we invested in cash equivalents, U.S.
government and agency securities, and corporate debt securities which were designated as cash equivalents and available-for-sale investments.
−Removed: Our cash equivalents and available-for-sale securities as of March 31, 2025 was $343.1 million.
+Added: Our cash equivalents and available-for-sale securities as of June 30, 2025 was $314.7 million.
Our exposure to market risk for changes in interest rates relates primarily to our investment portfolio comprised of marketable securities.
5 unchanged sentences
The fair market value of our fixed rate securities may be adversely impacted by increases in interest rates while income earned may decline as a result of decreases in interest rates.
−Removed: A hypothetical 100 basis-point (one percentage point) increase or decrease in interest rates compared to rates at March 31, 2025 would have affected the fair value of our investment portfolio by approximately $1.8 million.
+Added: A hypothetical 100 basis-point (one percentage point) increase or decrease in interest rates compared to rates at June 30, 2025 would have affected the fair value of our investment portfolio by approximately $1.5 million.
There have been no other material changes in market risk from the information provided in our 2024 Annual Report.
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.