ITEM 7A – QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK
−Removed: As of August 31, 2023, and August 31, 2022, we had cash and cash equivalents of $57.5 million and $51.6 million, respectively.
−Removed: We hold held-to-maturity short-term investments that are exposed to market risk related to changes in interest rates, which could affect the value of our assets and liabilities.
−Removed: We do not hold any trading and/or available-for-sale securities.
+Added: As of August 31, 2024, and 2023, we had cash and cash equivalents of $10.3 million and $57.5 million, respectively.
+Added: We hold available-for-sale short-term investments that are exposed to market risk related to changes in interest rates, which could affect the value of our assets and liabilities.
+Added: We do not hold any trading and/or held-to-maturity securities.
Some of our cash and cash equivalents are held in money market accounts;
however, they are not exposed to market-rate risk.
−Removed: In the years ended August 31, 2023, 2022, and 2021, we sold $7.3 million, $6.7 million, and $4.8 million, respectively, of software licenses through representatives in certain Asian markets in local currencies.
−Removed: As a result, our financial position, results of operations, and cash flows can be affected by fluctuations in foreign currency exchange rates, particularly fluctuations in the Yen and RMB exchange rates.
+Added: In the years ended August 31, 2024, 2023, and 2022, we sold $7.1 million, $7.3 million, and $6.7 million, respectively, of software licenses through representatives in certain European and Asian markets in local currencies.
+Added: As a result, our financial position, results of operations, and cash flows can be affected by fluctuations in foreign currency exchange rates, particularly fluctuations in the Euro, Yen, and RMB exchange rates.
These transactions give rise to receivables that are denominated in currencies other than the entity’s functional currency.
3 unchanged sentences
We base these changes on market conditions while working closely with our representatives.
−Removed: Our Paris, France, division sells mainly in U.S.
−Removed: dollars and Euros and uses the Euro as a functional currency.
+Added: SLP France (f/k/a Lixoft), our French subsidiary, mainly sells in U.S.
+Added: dollars and Euros and uses the Euro as the functional currency.
As such, we are subject to currency translation and exchange rate changes.
4 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.