3 unchanged sentences
Interest Rate Fluctuation Risk
−Removed: We had $291.9 million and $326.9 million in cash, cash equivalents and marketable securities at June 30, 2022 and December 31, 2021, respectively.
+Added: We had $267.4 million and $326.9 million in cash, cash equivalents and marketable securities at September 30, 2022 and December 31, 2021, respectively.
Cash and cash equivalents consist of cash, money market funds, commercial paper and government bonds.
2 unchanged sentences
Based on our interest rate sensitivity analysis, an immediate 100 basis point increase in interest rates would increase our interest income by approximately $2.3 million, while an immediate 100 basis point decrease in interest rates would decrease our interest income by approximately $2.3 million.
−Removed: Approximately $0.3 million and $1.1 million of our cash balance was located in Australia at June 30, 2022 and December 31, 2021, respectively.
+Added: Approximately $2.9 million and $1.1 million of our cash balance was located in Australia at September 30, 2022 and December 31, 2021, respectively.
Our expenses, except those related to our Australian operations, are generally denominated in U.S.
4 unchanged sentences
Inflation has increased during the period covered by this report and is expected to continue to at elevated levels or even increase for the near future.
−Removed: Inflation generally affects us by increasing our cost of labor and research and development contract costs.
−Removed: We do not believe inflation has had a material effect on our results of operations during the three and six months ended June 30, 2022.
+Added: Inflation generally affects us by increasing our costs, such as the cost of labor and research and development contract costs.
+Added: We do not believe inflation has had a material effect on our results of operations during the three and nine months ended September 30, 2022.
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.