5 unchanged sentences
Foreign Currency Exchange Risk
−Removed: Approximately 48.33% and 72.58% of our revenues for the six months ended June 30, 2024, and 2023, respectively, were earned in non U.S.
+Added: Approximately 44.93% and 70.87% of our revenues for the nine months ended September 30, 2024, and 2023, respectively, were earned in non U.S.
dollar denominated currencies, principally the Euro.
Our expenses are generally denominated in the currencies in which our operations are located, primarily the U.S.
−Removed: dollar, New Israeli Shekel (“NIS”), Euro, and to a lesser extent, the South Korean Won (“KRW”).
+Added: dollar, NIS, Euro, and to a lesser extent, the South Korean Won (“KRW”).
Our NIS denominated expenses consist primarily of personnel and overhead costs.
1 unchanged sentence
A hypothetical 10% change in foreign currency exchange rates between the Euro and the U.S.
−Removed: dollar would increase or decrease our net income by $23.3 million for the six months ended June 30, 2024.
+Added: dollar would increase or decrease our net income by $45.8 million for the nine months ended September 30, 2024.
A hypothetical 10% change in foreign currency exchange rates between the NIS and the U.S.
−Removed: dollar would increase or decrease our net income by $16.4 million for the six months ended June 30, 2024.
+Added: dollar would increase or decrease our net income by $20.8 million for the nine months ended September 30, 2024.
For purposes of our consolidated financial statements, local currency assets and liabilities are translated at the rate of exchange to the U.S.
8 unchanged sentences
Our trade accounts receivables potentially expose us to a concentration of credit risk with our major customers.
−Removed: As of June 30, 2024, two major customers jointly accounted for approximately 25.3% of our consolidated trade receivables, net balance.
−Removed: As of December 31, 2023, three major customers jointly accounted for approximately 46.8% of our consolidated trade receivables, net balance.
−Removed: For the three months ended June 30, 2024, one major customer accounted for approximately 11.3% of our total revenues.
−Removed: For the three months ended June 30, 2023, two major customers jointly accounted for approximately 29.6% of our total revenues.
−Removed: For the six months ended June 30, 2024 no major customers contributed more than 10% of our total revenues.
−Removed: For the six months ended June 30, 2023 two major customers accounted for approximately 24.7% of our total revenues.
+Added: As of September 30, 2024, three major customers jointly accounted for approximately 37.4% of our consolidated trade receivables, net balance.
+Added: As of September 30, 2023, two major customers jointly accounted for approximately 37.3% of our consolidated trade receivables, net balance.
+Added: For the three months ended September 30, 2024, one major customer accounted for approximately 16.7% of our total revenues.
+Added: For the three months ended September 30, 2023, two major customers jointly accounted for approximately 27.3% of our total revenues.
+Added: For the nine months ended September 30, 2024 one major customer accounted for approximately 11.0% of our total revenues.
+Added: For the nine months ended September 30, 2023 two major customers accounted for approximately 25.4% of our total revenues.
Commodity Price Risk
3 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.