16 unchanged sentences
We bias our investment portfolio to shorter maturities.
−Removed: All of our investments are U.S.
+Added: The majority of our investments are U.S.
dollar denominated.
2 unchanged sentences
Similarly, if the environment has been one of declining interest rates, we may experience a realized gain.
−Removed: As of December 31, 2023, we had an investment portfolio of fixed income marketable securities of $337.4 million, including cash equivalents.
+Added: As of December 31, 2024, we had an investment portfolio of fixed income marketable securities of $394.4 million, including cash equivalents and time deposits.
If market interest rates were to increase immediately and uniformly by 1.0% from the levels as of December 31, 2024, the fair value of the portfolio would decline by approximately $2.3 million.
7 unchanged sentences
Contracts are typically entered into at the end of a month, with an approximately one month duration at inception.
−Removed: As of December 31, 2023, no Contracts were outstanding.
+Added: As of December 31, 2024, no Contracts were outstanding and we have entered into no such contracts during 2024.
Financial Statements and Supplementary Data
2 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.