2 unchanged sentences
We are exposed to market risk related to changes in interest rates of our investment portfolio of cash equivalents and short-term investments.
−Removed: As of September 30, 2022, we held cash and cash equivalents, and short-term investments of $146.7 million, excluding restricted cash, which consisted of cash, money market funds, equity securities and U.S.
−Removed: Treasuries, or $160.2 million, including restricted cash.
+Added: As of March 31, 2023, we held cash, cash equivalents, investments, and restricted cash of $263.0 million, which consisted of cash, money market funds, equity securities, and U.S.
Our primary exposure to market risk is interest income sensitivity, which is affected by changes in the general level of U.S.
interest rates.
−Removed: The fair value of our cash equivalents, comprised of our money market funds, and U.S.
−Removed: Treasuries are subject to change as a result of potential changes in market interest rates, including changes resulting from the impact of the COVID-19 pandemic.
+Added: The fair value of our cash equivalents, consisted of our money market funds, and U.S.
+Added: Treasuries are subject to change as a result of potential changes in market interest rates.
Due to the short-term maturities of our cash equivalents and U.S.
Treasuries and the low risk profile of our investments, an immediate 10 percent change in interest rates would not have a material effect on the fair market value of our cash equivalents or U.S.
−Removed: As of September 30, 2022, we had no debt outstanding and are therefore not exposed to interest rate risk with respect to debt.
Effects of Inflation
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.