2 unchanged sentences
We invest in U.S.
−Removed: treasury securities, commercial paper and corporate, government and
−Removed: agency bonds, which as of March 31, 2023, were classified as available-for-sale.
−Removed: We maintain our cash and cash equivalent balances with high-quality financial institutions and, consequently, we believe that such funds are subject to minimal
−Removed: Our investment policy limits the amounts that we may invest in any one type of investment and requires all investments held by the Company to be at least AA+/Aa1 rated, thereby reducing credit risk exposure.
+Added: treasury securities, commercial paper and corporate and agency bonds,
+Added: which as of June 30, 2023, were classified as available-for-sale.
+Added: We maintain our cash and cash equivalent balances with high-quality financial institutions and, consequently, we believe that such funds are subject to minimal credit risk.
+Added: investment policy limits the amounts that we may invest in any one type of investment and requires all investments held by the Company to be at least AA+/Aa1 rated, thereby reducing credit risk exposure.
Based on a hypothetical 100 basis point decrease in market interest rates, the potential losses in future earnings and fair value of risk-sensitive financial instruments are immaterial, although the
3 unchanged sentences
In addition, we maintain significant amounts of cash, cash equivalents, and marketable securities at one or more financial institutions that are in excess of federally insured limits.
−Removed: Given the potential instability of financial institutions, we cannot provide assurance that we will not experience losses on these deposits.
+Added: the potential instability of financial institutions, we cannot provide assurance that we will not experience losses on these deposits.
We do not utilize interest rate hedging agreements or other interest rate derivative instruments.
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.