2 unchanged sentences
The market risk inherent in our financial instruments and in our financial position represents the potential loss arising from adverse changes in interest rates.
−Removed: As of December 31, 2023, we had cash, cash equivalents and marketable securities of $109.5 million and at December 31, 2022 we had cash, cash equivalents and marketable securities of $156.3 million.
+Added: As of December 31, 2024, we had cash and cash equivalents of $74.9 million and at December 31, 2023 we had cash, cash equivalents and marketable securities of $109.5 million.
We generally hold our cash in interest-bearing money market accounts or short-term investments that meet our policy for cash equivalents.
2 unchanged sentences
Due to the short-term maturities of our cash equivalents and the low risk profile of our investments, an immediate 100 basis point change in interest rates would not have a material effect on the fair market value of our cash equivalents.
−Removed: The interest rate on all of our notes payable are fixed.
+Added: The Company’s Loan and Security Agreement is affected by variations in the U.S.
+Added: prime rate of interest.
+Added: As of December 31, 2024, we had $35.0 million outstanding under the agreement.
+Added: A 2% change in the prime rate would result in additional annual interest of approximately $0.4 million based on the outstanding balance at December 31, 2024.
We do not currently engage in hedging transactions to manage our exposure to interest rate risk.
8 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.