1 unchanged sentence
We are exposed to market risks in the ordinary course of our business, which primarily relate to fluctuations in the value of our investments, interest rates, foreign currency exchange, and inflation.
−Removed: As of March 31, 2023, we had outstanding shares of publicly-traded equity securities valued at $16.6 million.
+Added: As of June 30, 2023, we had outstanding shares of publicly-traded equity securities valued at $16.5 million.
We have sold, and may continue to sell, some or all of our existing equity securities.
These equity securities are often in early- or growth-stage companies that have minimal public trading history;
−Removed: as such the fair value of these equity securities may fluctuate depending on the financial outcome and prospects of the investees, as well as global market conditions including recent and ongoing volatility related to the impacts of the ongoing COVID-19 pandemic, the ongoing Russia-Ukraine conflict, rising interest rates, and
−Removed: financial services sector instability.
+Added: as such the fair value of these equity securities may fluctuate depending on the financial outcome and prospects of the investees, as well as global market conditions including recent and ongoing volatility related to the impacts of the COVID-19 pandemic, the ongoing Russia-Ukraine conflict, rising interest rates, and financial services sector instability.
Additionally, investing in, or holding securities of, early- or growth-stage companies carries inherent risks because, among other things, the technologies or products that are being developed by these companies are typically in the early phases and may never materialize or they may not achieve their growth or other business objectives, and they have and may continue to experience a decline in financial condition or file for bankruptcy, which could result in a loss of all or a substantial part of our equity holdings in these companies.
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We anticipate additional volatility to our condensed consolidated statements of operations due to changes in market prices and declines in financial conditions of applicable investees, and as such gains and losses are realized.
−Removed: For the three months ended March 31, 2023, net unrealized losses related to publicly-traded equity securities held at the end of such period of $8.2 million were recorded in other income (expense), net on our condensed consolidated statements of operations.
+Added: During the six months ended June 30, 2023, net unrealized losses related to publicly-traded equity securities held at the end of such period of $7.0 million were recorded in other income (expense), net on our condensed consolidated statements of operations.
We do not currently anticipate entering into new Investment Agreements, as defined in Note 4.
Investments and Fair Value Measurements in our condensed consolidated financial statements included elsewhere in this Quarterly Report on Form 10-Q, to purchase, or commit to purchase, securities of special purpose acquisition companies.
−Removed: However, we have and may continue to accept securities as compensation or invest in securities, which may contribute to additional volatility to our condensed consolidated statements of operations.
+Added: However, we have and may continue to accept securities as consideration or invest in securities, which may contribute to additional volatility to our condensed consolidated statements of operations.
Interest Rate Risk
−Removed: Our cash, cash equivalents, restricted cash, and available-for-sale debt securities consist of cash, certificates of deposit, money market funds, and U.S.
−Removed: treasury securities.
+Added: Our cash, cash equivalents, restricted cash, and available-for-sale debt securities consist of cash, U.S.
+Added: treasury securities, certificates of deposit, and money market funds.
Our primary investment policy and strategies are focused on the preservation of capital and supporting our liquidity requirements;
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Our results of current and future operations and cash flows are, therefore, subject to fluctuations due to changes in foreign currency exchange rates, particularly changes in JPY, the Euro, and GBP.
−Removed: We have experienced, and may continue to experience, fluctuations in net income (loss) as a result of transaction gains or losses related to remeasuring certain assets and liability balances that are denominated in foreign currencies.
+Added: We have experienced, and may continue to experience, fluctuations in net income (loss) as a result of transaction gains or losses related to remeasuring certain asset and liability balances that are denominated in foreign currencies.
These exposures may change over time as business practices evolve and economic conditions change.
−Removed: To date, foreign currency transaction gains and losses have not been material to our condensed consolidated financial statements, and we have not engaged in any foreign currency hedging transactions.
+Added: To date, foreign currency
+Added: transaction gains and losses have not been material to our condensed consolidated financial statements, and we have not engaged in any foreign currency hedging transactions.
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.