3 unchanged sentences
Interest rate risk
−Removed: We had cash, cash equivalents, and short-term and long-term investments of $71.3 million and $157.2 million as of September 30, 2022 and December 31, 2021, respectively.
+Added: We had cash, cash equivalents and short-term and long-term investments of $111.6 million and $56.0 million as of March 31, 2023 and December 31, 2022, respectively.
Our cash and cash equivalents and short-term and long-term investments consist of cash, money market funds, U.S.
−Removed: government debt securities, and certificates of deposit.
+Added: government debt and agency securities, and certificates of deposit.
The primary objectives of our investment activities are to preserve principal, maintain liquidity, and maximize income without significantly increasing risk.
Our investments consist of U.S.
−Removed: government debt securities and certificates of deposit, which may be subject to market risk due to changes in prevailing interest rates that may cause the fair values of our investments to fluctuate.
+Added: government debt and agency securities and certificates of deposit, which may be subject to market risk due to changes in prevailing interest rates that may cause the fair values of our investments to fluctuate.
We believe that a hypothetical 100 basis point increase in interest rates would not materially affect the fair value of our interest-sensitive financial instruments and any such losses would only be realized if we sold the investments prior to maturity.
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.