−Removed: Quantitative and Qualitative Disclosures
−Removed: About Market Risk
−Removed: We are exposed to certain
−Removed: market risks as part of our ongoing business operations.
−Removed: We are exposed to credit risk
−Removed: on our cash, cash equivalents, marketable securities, and accounts receivable.
−Removed: We place cash, cash equivalents, and marketable securities
−Removed: with financial institutions with high credit standing, and we place excess cash in marketable investment grade debt securities.
−Removed: exposed to credit risk on our accounts receivable in the event of default by a customer.
−Removed: We bill our customers under customary payment
−Removed: terms and review customers for their creditworthiness.
−Removed: The term between invoicing and payment due date is not significant.
−Removed: portion of our revenue is attributable to service agreements with one customer.
−Removed: For the year ended December 31, 2023, one customer accounted
−Removed: for $37.2 million or 46% of our revenue (2022 – $17.7 million or 45%).
−Removed: As of December 31, 2023, one customer accounted for 35% of
−Removed: our accounts receivable (2022 — 66%), which has been collected in the month of January 2024.
−Removed: Interest Rate Risk
−Removed: We are exposed to interest
−Removed: rate risk on our cash, cash equivalents and marketable securities.
−Removed: As of December 31, 2023, we had cash, cash equivalents and marketable
−Removed: securities of $219.5 million, consisting of investments in money market funds, treasury bills, and term deposits for which the fair
−Removed: market value would be affected by changes in the general level of interest rates.
−Removed: However, due to the short-term maturities and the low-risk
−Removed: profile of our investments, an immediate 10% change in interest rates would not have a material effect on the fair market value of our
−Removed: cash, cash equivalents and marketable securities.
+Added: Quantitative and Qualitative Disclosures About Market Risk
+Added: are exposed to certain market risks as part of our ongoing business operations.
+Added: are exposed to credit risk on our cash, cash equivalents, marketable securities, and accounts receivable.
+Added: We place cash, cash equivalents,
+Added: and marketable securities with financial institutions with high credit standing, and we place excess cash in marketable investment grade
+Added: debt securities.
+Added: We are exposed to credit risk on our accounts receivable in the event of default by a customer.
+Added: We bill our customers
+Added: under customary payment terms and review customers for their creditworthiness.
+Added: The term between invoicing and payment due date is not
+Added: A meaningful portion of our revenue is attributable to service agreements with one customer.
+Added: For the years ended December
+Added: 31, 2024 and 2023, one customer accounted for $14.9 million and $37.0 million or 16% and 46% of our revenue, respectively.
+Added: As of December 31, 2024, no single customer represented 10% or more
+Added: of total accounts receivable.
+Added: As of December 31, 2023, one customer accounted for 35% of accounts receivable.
+Added: are exposed to interest rate risk on our cash, cash equivalents and marketable securities.
+Added: As of December 31, 2024, we had cash, cash
+Added: equivalents and marketable securities of $114.0 million, consisting of investments in money market funds, treasury bills, and term
+Added: deposits for which the fair market value would be affected by changes in the general level of interest rates.
+Added: However, due to the short-term
+Added: maturities and the low-risk profile of our investments, an immediate 10% change in interest rates would not have a material effect on
+Added: the fair market value of our cash, cash equivalents and marketable securities.
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.