1 unchanged sentence
About Market Risk
−Removed: We are exposed to certain market
−Removed: risks as part of our ongoing business operations.
−Removed: We are exposed to credit risk on our cash, cash
−Removed: equivalents, marketable securities, and accounts receivable.
−Removed: We place cash, cash equivalents, and marketable securities with financial
−Removed: institutions with high credit standing, and we place excess cash in marketable investment grade debt securities.
−Removed: We are exposed to credit
−Removed: risk on our accounts receivable in the event of default by a customer.
−Removed: We bill our customers under customary payment terms and review
−Removed: customers for their creditworthiness.
+Added: We are exposed to certain
+Added: market risks as part of our ongoing business operations.
+Added: We are exposed to credit risk
+Added: on our cash, cash equivalents, marketable securities, and accounts receivable.
+Added: We place cash, cash equivalents, and marketable securities
+Added: with financial institutions with high credit standing, and we place excess cash in marketable investment grade debt securities.
+Added: exposed to credit risk on our accounts receivable in the event of default by a customer.
+Added: We bill our customers under customary payment
+Added: terms and review customers for their creditworthiness.
The term between invoicing and payment due date is not significant.
−Removed: A meaningful portion of our
−Removed: revenue is attributable to service agreements with one customer.
−Removed: For the year ended December 31, 2022, one customer accounted for $17.7
−Removed: million or 45% of our revenue (2021 – $6.5 million or 69%).
−Removed: As of December 31, 2022, one customer accounted for 66% of our accounts
−Removed: receivable (2021 — 35%), which has been collected in the month of January 2023.
+Added: portion of our revenue is attributable to service agreements with one customer.
+Added: For the year ended December 31, 2023, one customer accounted
+Added: for $37.2 million or 46% of our revenue (2022 – $17.7 million or 45%).
+Added: As of December 31, 2023, one customer accounted for 35% of
+Added: our accounts receivable (2022 — 66%), which has been collected in the month of January 2024.
Interest Rate Risk
−Removed: We are exposed to interest rate risk on our cash,
−Removed: cash equivalents and marketable securities.
−Removed: As of December 31, 2022, we had cash, cash equivalents and marketable securities of $338.3 million,
−Removed: consisting of investments in money market funds, treasury bills, and term deposits for which the fair market value would be affected by
−Removed: changes in the general level of interest rates.
−Removed: However, due to the short-term maturities and the low-risk profile of our investments,
−Removed: an immediate 10% change in interest rates would not have a material effect on the fair market value of our cash, cash equivalents and
−Removed: marketable securities.
+Added: We are exposed to interest
+Added: rate risk on our cash, cash equivalents and marketable securities.
+Added: As of December 31, 2023, we had cash, cash equivalents and marketable
+Added: securities of $219.5 million, consisting of investments in money market funds, treasury bills, and term deposits for which the fair
+Added: market value would be affected by changes in the general level of interest rates.
+Added: However, due to the short-term maturities and the low-risk
+Added: profile of our investments, an immediate 10% change in interest rates would not have a material effect on the fair market value of our
+Added: 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.