4 unchanged sentences
government agency securities.
−Removed: Interest income is sensitive to changes in the general level of interest rates;
−Removed: however, due to the nature of these investments, an immediate 10% change in interest rates would not have a material effect on the fair market value of our investment portfolio.
+Added: Our primary exposure to market risk relates to fluctuations in interest rates, which are affected by changes in the general level of U.S.
+Added: interest rates.
+Added: Given the short-term nature of our cash, cash equivalents and marketable securities, we do not expect that a sudden change in market interest rates would have a material impact on our financial condition and/or results of operations.
Foreign currency exchange risk
2 unchanged sentences
We are exposed to foreign exchange rate risk.
−Removed: During the years ended March 31, 2023 and 2022, we recognized a net foreign currency transaction losses of $5.7 million and $1.1 million, respectively.
−Removed: These losses are primarily related to unrealized and realized foreign currency gains and losses as a result of transactions entered into by our United Kingdom subsidiary in currencies other than the British pound, primarily the euro.
+Added: During the year ended March 31, 2024, we recorded net foreign currency transaction gains of $0.8 million whereas for the year ended March 31, 2023, we recognized a net foreign currency transaction loss of $5.7 million.
+Added: These gains and losses are primarily related to unrealized and realized foreign currency gains and losses as a result of transactions entered into by our United Kingdom subsidiary in currencies other than the British pound, primarily the euro.
These foreign currency transaction losses were recorded as a component of other income (expense), net in our consolidated statements of operations.
6 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.