2 unchanged sentences
Information relating to quantitative and qualitative disclosures about these market risks is set forth below.
−Removed: Foreign Currency Exchange Risk
+Added: Foreig n Currency Exchange Risk
We are exposed to foreign currency exchange risk related to transactions in currencies other than the U.S.
3 unchanged sentences
These sales were primarily denominated in Euro and Norwegian Krone.
−Removed: A hypothetical 10% change in exchange rates, with the U.S.
−Removed: dollar as the functional and reporting currency, would not result in a material increase or decrease in cost of revenue and operating expenses.
+Added: We do not believe a 10% change in the relative value of the U.S.
+Added: Dollar would have materially affected our consolidated financial statements for the periods presented.
Interest Rate Risk
−Removed: Cash and cash equivalents consist solely of cash held in depository accounts and as such are not affected by either an increase or decrease in interest rates.
−Removed: Due to the short term nature of cash equivalents, including our money market accounts, would also not be significantly impacted by changes in the interest rates.
−Removed: As of January 31, 2022 we have no borrowings.
−Removed: As of January 31, 2021, interest rates on our borrowings were primarily fixed.
−Removed: We believe that a 10% increase or decrease in interest rates would not have a material effect on our interest income or expense.
+Added: As of January 31, 2023, we had cash and cash equivalents of $181.9 million and $226.9 million of short-term investments, consisting of available-for-sale securities.
+Added: The available-for-sale securities are recorded at fair market value with unrealized gains or losses resulting from changes in fair value reported as a component of Other comprehensive income (loss), net of tax.
+Added: Our cash equivalent and investment portfolio is invested with a goal of preserving our access to capital, and primarily consists of money market funds, commercial paper, corporate debt securities and U.S.
+Added: government debt securities.
+Added: We follow an established investment policy and set of guidelines to monitor and help mitigate our exposure to interest rate and credit risk.
+Added: Due to the relatively short-term nature of our investment portfolio, a hypothetical 100 basis point change in interest rates would not have a material effect on the fair value of our portfolio for the periods presented.
Inflation Risk
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.